Entrepreneurshipand Green Innovation

In the context of accelerating the construction of a green technology innovation system and realizing the green and low-carbon transformation,green innovation has received unprecedented attention.As the core element of enterprise innovation and an important driving force of economic development,entrepreneurship is an important internal driving force of enterprise green innovation.The entrepreneurship at the individual level determines the tendency of entrepreneurs to green innovation,but in order to realize the green innovation strategy,it is necessary to transform the entrepreneurs’ green innovation consciousness into the green innovation behavior at the whole enterprise level through the entrepreneurial behavior.At the same time,the rapid development of digital finance not only provides a good financing environment for entrepreneurs to carry out green innovation activities,but also may induce the financial behavior of enterprises and form a crowding out effect on green innovation investment funds.Based on this,analyzing the influence and mechanism of entrepreneurship on green innovation,and discussing how digital finance regulates the relationship between entrepreneurship and green innovation,it is of theoretical and practical significance to enrich the relevant research of green innovation and stimulate the green innovation vitality of enterprise innovation.Based on this,this paper uses the data of Shanghai and Shenzhen A-share listed enterprises to empirically test the mechanism of entrepreneurship on green innovation and the non-linear regulation effect of digital finance by constructing the intermediary effect model and the regulation effect model.The study found that entrepreneurship has a significant role in promoting green innovation.Further,the mechanism test shows that: first,internal control has significant intermediary effect,and the promotion effect of entrepreneurship on green innovation should be realized by high-quality internal control;second,digital finance has the nonlinear regulation effect.The promotion effect of entrepreneurship on green innovation has the nonlinear characteristics of strengthening before weakening by the influence of digital finance regulation.In addition,the heterogeneity analysis shows that the promotion effect of entrepreneurship on green innovation is more significant in state-owned enterprises,high-tech industries,the growth period and maturity period of enterprises and the environment of fierce market competition.In view of the above research conclusion,this paper puts forward to improve entrepreneurial quality and optimize the entrepreneurial environment foster entrepreneurship,to promote the digital transformation to improve the quality of internal control,innovation optimization digital financial regulation guide money to innovation and implement different policies for different enterprise to strengthen the promotion of entrepreneurship policy advice.