Financial Ecological Environment, Financing Constraints, and Green Innovation of Manufacturing Enterprises: Empirical Evidence From China

In the carbon neutrality strategy, facilitating green innovation of enterprises and promoting industrial upgradation have become a key issue. We explore relationship between financial ecological environment, financing constraints, manufacturing based on endogenous growth stakeholder theories. Manufacturing companies listed Shanghai Stock Exchange Shenzhen during 2010–2020 are taken as samples. With help principal component analysis, comprehensive index annual environment is constructed. The SA employed to measure constraints firms, number granted patents used enterprises. conclude that will relax their constraints. positively moderates corporate An excellent enhances mitigation effect Policy implications given according conclusion.