Analysis of low-carbon technology innovation efficiency and its influencing factors based on triple helix theory: Evidence from new energy enterprises in China

Guo, Yu; Bruno, Giulia; Zhang, Deming; Han, Kaikai

doi:10.1016/j.heliyon.2023.e20308

Cited by 7 publications

(4 citation statements)

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“…As the research deepened, scholars gradually began to pay attention to the scientific and technological achievements produced by innovation investments—the factors influencing innovation performance—and the research results became relatively rich [ [29] , [30] , [31] , [32] ]. As market competition has increasingly intensified, given the rapid increase in innovation investments, whether the technology level has been significantly improved and how to improve the utilization rate of research and development resources and reduce waste have become hot topics for scholars in recent years [ 33 , 34 ].…”

Section: Theoretical Analysis and Hypothesis Developmentmentioning

confidence: 99%

Will customer change affect enterprise innovation efficiency? A study from the perspective of social networks

Xuqian,

Hui,

Wei

2024

Heliyon

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Section: Theoretical Analysis and Hypothesis Developmentmentioning

confidence: 99%

Will customer change affect enterprise innovation efficiency? A study from the perspective of social networks

Xuqian,

Hui,

Wei

2024

Heliyon

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“…On the other hand, the promotion of enterprise technological innovation can directly and indirectly reduce carbon emission intensity through a variety of ways. First, technological innovation can improve the efficiency of resource utilization and reduce energy consumption and material waste in the production process [34]. Second, the adoption of cleaner production technologies, such as low-carbon production processes and efficient energy utilization technologies, helps to reduce the generation of emissions and thus reduces the carbon emission level of enterprises [35].…”

Section: Hypothesis H2 Environmental Regulation Can Reduce the Carbon...mentioning

confidence: 99%

The Impact of Environmental Regulations on Carbon Emissions of Chinese Enterprises and Their Resource Heterogeneity

Pan,

Zhang,

Wang

et al. 2024

Sustainability

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At present, net-zero emissions have become a widely accepted goal globally. For a giant carbon emitter like China, especially after just experiencing a high-energy consumption, high-emission, and low-efficiency extensive economic model, achieving the global net-zero emissions target by the middle of this century is particularly important. The implementation of environmental regulation policies is one of the inevitable choices for achieving carbon peak and carbon neutrality. Existing theoretical analysis shows that environmental regulation acts on pollution emissions through cost effects and technological innovation, but relevant studies mostly focus on macro effects and ignore the impact of enterprise heterogeneity. This study calculates the carbon emission data of listed enterprises in China from 2012 to 2021 and examines the impact of environmental regulation policies on the carbon emission intensity of enterprises and its transmission mechanism from both theoretical and empirical perspectives. At the same time, the heterogeneity effect of resource-based industry and non-resource-based industry is considered. The research results show that China’s environmental supervision has been increasing year by year, which can reduce the carbon emission intensity of enterprises by improving the level of environmental disclosure of enterprises, environmental management concepts, and resource allocation efficiency and accelerating the establishment of environmental systems of enterprises, but the effect of technological innovation has not been highlighted. Further heterogeneity also indicates that environmental regulation is more conducive to reducing the carbon emission intensity of non-resource-based enterprises, small enterprises, and non-state-owned enterprises. The conclusions of this paper provide a precise direction for the implementation of environmental regulation policies in China and the world.

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“…Under the background of "carbon peaking and carbon neutrality", a new round of technology and energy revolution is about to take place. As the vanguard of highquality energy development, new energy enterprises featuring new technologies, new business forms, and new models are facing unprecedented opportunities [12]. In this case, studying the impact of technological innovation efficiency is of great significance for China and even the world in the clean, low-carbon, and high-quality energy transition [13] and helps to solve the "impossible triangle" in this industry (accessibility, affordability, and cleanliness cannot be achieved simultaneously).…”

Section: Introductionmentioning

confidence: 99%

Does Technological Innovation Efficiency Improve the Growth of New Energy Enterprises? Evidence from Listed Companies in China

Chen,

Li,

Zhang

et al. 2024

Sustainability

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With the implementation of “carbon peaking and carbon neutrality” in China, new energy enterprises, as the vanguard in this strategy, have entered a new era of innovation-driven development. However, enterprises at different lifecycle stages will face different internal and external conditions, and there are differences in their internal mechanisms and business performance. In this case, whether technological innovation efficiency can have an obviously positive effect on their growth and what different effects it can have for enterprises at different lifecycle stages have become issues of great concern to company management, investors, governments, and other stakeholders. This research takes 81 new Chinese energy enterprises as the research objects. First, they are divided into growing, mature, and declining enterprises based on the cash flow combination method. Then, their technological innovation efficiencies from 2016 to 2021 are calculated based on the stochastic frontier method and their growth evaluations are performed by taking both financial and non-financial indicators into consideration. Finally, by taking mediating effects into consideration, the heterogeneity effects of technological innovation efficiency on their growth are studied from the perspective of enterprise lifecycles based on the fixed-effect model. The research results indicate that the technological innovation efficiency of new Chinese energy enterprises has fluctuated around 0.90 in recent years, and is generally at a high level. The efficiency ranking of enterprises at different lifecycle stages is mature period > growing period > declining period. Technological innovation efficiency has a positive impact on their growth, and market share plays a mediating role in this process. The effects of technological innovation efficiency on enterprises at different stages are different, with growing and mature enterprises showing a positive impact. Growing enterprises are more affected by technological innovation efficiency due to their demand for innovation-driven development, while declining enterprises often face difficulties such as unstable operating conditions and outdated equipment, and unreasonable technological innovations may actually accelerate their decline.

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Analysis of low-carbon technology innovation efficiency and its influencing factors based on triple helix theory: Evidence from new energy enterprises in China

Cited by 7 publications

References 50 publications

Will customer change affect enterprise innovation efficiency? A study from the perspective of social networks

Will customer change affect enterprise innovation efficiency? A study from the perspective of social networks

The Impact of Environmental Regulations on Carbon Emissions of Chinese Enterprises and Their Resource Heterogeneity

Does Technological Innovation Efficiency Improve the Growth of New Energy Enterprises? Evidence from Listed Companies in China

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