“…Existing studies have revealed that green innovation within enterprises is influenced by both the external and internal environment. The external environment includes 1) national laws, regulations, and systems on environmental protection, which set the conditions for them to enter the market and how to participate in the market, as well as the costs they will bear after violating these conditions (Huang et al, 2021), 2) industry competition, which mainly shows the attraction of enterprises to production factors and production efficiency events (Guo et al, 2022), and 3) energy prices and policies, which will directly affect the market positioning and strategic planning of green innovation (Bloom et al, 2010;Melander, 2018). The internal environment is related to 1) the organizational structure and management practices, which impact green innovation through information flow, experience accumulation, flexibility, organizational efficiency, and logistics (Wang P. et al, 2022;Amore et al, 2019;Amore and Bennedsen, 2016), 2) corporate governance, which motivates green innovation of enterprises through equity structure, board governance, and operator incentives (Xue et al, 2022;Liu et al, 2021), and 3) the company's strategy and accounting behavior, which focus on the internal systems of enterprises and industrial alliances (Rui and Lu, 2021).…”