It is generally accepted that adaptation to climate variability requires a technological advancement strategy. However, the innovation process has received little explicit consideration in this framework. We employ a panel endogenous switching regression model to explore whether and to what extent climate variability affects firm performance through the ability to induce the development of adaptation innovations in key resource-based sectors in Europe during the period 2007–2017. Our findings confirm that the knowledge generation process at the heart of climate change adaptation technologies enhances firm performance, especially for firms in the aquaculture and fishing sub-sectors in northern European countries.

中文翻译：

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气候变化、创新和企业绩效：来自欧洲农业部门的证据

人们普遍认为，适应气候变化需要技术进步战略。然而，在这个框架中，创新过程几乎没有得到明确的考虑。我们采用面板内生转换回归模型来探索气候变化是否以及在多大程度上通过在 2007 年至 2017 年期间在欧洲以资源为基础的关键部门促进适应创新发展的能力影响公司绩效。我们的研究结果证实，作为气候变化适应技术核心的知识生成过程可以提高企业绩效，尤其是对于北欧国家水产养殖和渔业子行业的企业而言。