Enhancing green technology innovation through enterprise environmental governance: A life cycle perspective with moderator analysis of dynamic innovation capability

Xianyou Pan, Zhiyang Shen, Malin Song*, Yalin Shu

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

21 Citations (Scopus)

Abstract

Consolidating the leadership of enterprises in Environmental Governance (EG) and enhancing their Green Technology Innovation (GTI) are vital for fostering global ecological civilization. Previous research has primarily focused on the non-linear relationship between EG and GTI but has overlooked the factors that contribute to varying GTI effects in response to EG constraints across different stages of a business's life cycle. Drawing on data from Chinese A-share listed enterprises, this study investigates the impact of EG on GTI by considering two typical forms of EG: cost-based and voluntary participation. Furthermore, it introduces the concept of dynamic innovation capability (DIC) based on the principles of open innovation paradigm. The findings reveal that, contrary to the positive influence observed during the growth and maturity stages, EG has no significant effect on GTI during the recession stage. One-way ANOVA results demonstrate that enterprises' DIC varies across different life cycle stages, with a declining trend observed during the maturity, growth, and recession stages. Moreover, the study finds that DIC, encompassing absorptive, operational, perceptual, and relational capabilities, positively moderates the impact of EG on GTI. These conclusions shed light on the differentiated effects of EG on enterprises' GTI at various life cycle stages.

Original languageEnglish
Article number113773
JournalEnergy Policy
Volume182
DOIs
Publication statusPublished - Nov 2023
Externally publishedYes

Keywords

  • Dynamic innovation capability
  • Environmental governance
  • Green technology innovation
  • Life cycle
  • Moderating effect

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