The development of the world economy has caused serious environmental pollution, which has resulted in an ecological crisis. With the acceleration of economic development, China’s ecological crisis is becoming more serious. Green technology innovation is an important driving force in realizing green economic development, and heavily polluting enterprises are the key link to cultivating green technology innovation. The Porter hypothesis holds that environmental regulation has a promoting effect on enterprises’ green technology innovation, but this is not reflected in the context of China. As a basic administrative unit, the implementation of environmental regulations in counties and districts determines the effectiveness of environmental policies. Utilizing structural equation modeling, this study analyzes the cultivation of the green technology innovation ability of heavily polluting enterprises under environmental regulations. The results show that command-based environmental regulation can effectively promote enterprises’ green technology innovation ability. Incentive-based environmental regulation needs to be strengthened to drive the development of enterprises’ “three wastes” treatment innovation ability. Voluntary environmental regulation does not effectively promote green process innovation and “three wastes” treatment innovation. In addition, enterprises’ current “three wastes” treatment innovation capacity is not enough to promote the improvement of enterprises’ green competitiveness. The results of this article show that environmental regulation is conducive to the green innovation ability of enterprises, and this promotion effect needs to be further strengthened. Moreover, the highlighted research limitations will contribute to the subsequent research work.
In the context of China’s path to industrialization advancement, environmental problems are becoming increasingly serious. Therefore, the cultivation of green technology innovation has become an urgent task during the current industrialization development. According to the “Porter hypothesis,” environmental regulation is an important driving force for green technology innovation. Environmental tax is a typical environmental regulation, although it was implemented late in China. Green technology innovation is one of the long-term effects of environmental tax collection. Using multiple regression analysis and taking Chinese manufacturing enterprises as samples, this study constructs and tests a model of environmental tax promotion and its effect on green technology innovation, revealing the micro-mechanism of environmental tax incentives and also finding that sufficient environmental tax incentives are lacking. The strategy of green technology innovation cultivation for manufacturing enterprises in China under the current environmental tax regulation is provided in this article in order to provide a current theoretical reference point for the development of China’s ecological economy.
Abstract:In order to reveal the incentive functions of independent technology innovation during the process of knowledge transformation, the structure equation modeling (SEM) is used in the paper. By the choice of research elements, research hypotheses, establishment of research model and model checking, the SEM can effectively reveal the correlation between independent technology innovation, knowledge transformation and enterprise growth of the technology venture enterprises in Guangdong Province. For illustration, 500 questionnaires are distributed, 374 questionnaires return, the returns ratio is 87%, which satisfy the requirement that the questionnaire returns-ratio is not lower than 20% in the data investigation. The empirical results show that model fitting work well, and the model has high convergence validity. The research conclusions provide a realistic theory reference for the implementation of independent technological innovation strategies and knowledge transformation strategies for the purpose of enterprise growth in Guangdong high-tech venture enterprises.
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