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Enterprise Green Innovation Mechanism under the “Target-Resource-Network” System—An Empirical Study Based on Data of Listed Companies in China’s Construction Industry

Author

Listed:
  • Songchuan Chen

    (School of Urban Economics and Management, Beijing University of Civil Engineering and Architecture, Beijing 100044, China)

  • Jinhang Wang

    (School of Urban Economics and Management, Beijing University of Civil Engineering and Architecture, Beijing 100044, China)

  • Zhiwei Zhang

    (School of Humanities, Beijing University of Civil Engineering and Architecture, Beijing 100044, China)

Abstract

Using the data of Chinese A-share listed companies in the construction industry from 2010 to 2021, this paper conducts an empirical analysis of the green innovation mechanism of firms under the system formed by target-level elements, resource-level elements, and network-level elements. By using a fixed-effect model, coupling mechanism analysis and heterogeneity testing, we find that: (1) Government environmental targets and enterprise environmental targets as the target-level elements simultaneously promote enterprise green innovation, and there is a lag in this promotion effect. The mechanism analysis shows that the target-level elements will promote green innovation through government subsidies and enterprise R&D resources as the resource-level elements, while the political networks and the enterprise networks as the network-level elements can optimize the allocation of resources and promote innovation. (2) On the basis of a “target-resource-network” coupling coordination mechanism, the study reveals that the Chinese construction enterprises are currently slightly dysfunctional when it comes to the coupling of environmental targets, resource input, and relationship networks, which leads to a low level of green innovation in the construction industry as a whole. (3) Based on heterogeneity analysis, it is found that the internal characteristics of enterprises, regional differences, and policy changes all affect the relationship between the government’s environmental targets, enterprises’ environmental targets, and enterprises’ green innovation.

Suggested Citation

  • Songchuan Chen & Jinhang Wang & Zhiwei Zhang, 2023. "Enterprise Green Innovation Mechanism under the “Target-Resource-Network” System—An Empirical Study Based on Data of Listed Companies in China’s Construction Industry," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:4:p:3687-:d:1071311
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    References listed on IDEAS

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    Cited by:

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