Based on the perspective of new quality productivity cultivation,this paper explores the logical mechanism and realistic path of foreign direct investment to promote green dual innovation.Based on the data of A-share listed companies on Shanghai and Shenzhen Stock Exchanges from 2012 to 2022,this paper measures the green dual innovation of enterprises from two aspects of exploratory green innovation and exploitative green innovation,and empirically tests the impact and mechanism of foreign direct investment on green dual innovation of enterprises.The results show that foreign direct investment has a significant inhibitory effect on the green dual innovation of enterprises;ESG performance positively regulates the relationship between the two;financing constraints are the intermediary path for foreign direct investment to inhibit the green dual innovation of enterprises;the inhibitory effect of foreign direct investment on ex-ploratory green innovation is significant in the eastern region,and the inhibitory effect on exploitative green innovation is more obvious in the central region.This conclusion deepens the understanding of the complex relationship between foreign direct investment and en-terprise green dual innovation.
foreign direct investmentgreen dual innovationnew quality productivityESG performancefinancing constraints
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