The Choice of Cooperative Governance Mechanism in Open Innovation Projects under the Synergy of the Electricity–Carbon Market

Abstract

Improving the level of cooperative governance of open innovation projects is a key bridge and powerful starting point for promoting the full integration and coordinated development of different market systems. Against the background of the synergy of the electricity–carbon market, this study explores how a company chooses a cooperative governance mechanism and the implementation effects of governance mechanisms. The results, based on the sample data from 175 OIPs of companies in China, show that the collaborative dependence of a company promotes the implementation of relational governance; however, it has no significant effect on contract control. Meanwhile, both relational governance and contract control have significant positive effects on knowledge transfer and cooperative performance. Moreover, knowledge transfer plays a mediating role in relational governance, contract control, and cooperative performance. The conclusion enriches the understanding of cooperative governance mechanisms, which has important implications for management research and the practice of open innovation projects. It also has certain practical significance for helping the power industry to achieve the goal of carbon neutrality.

Measurement of Carbon Total Factor Productivity in the Context of Carbon–Electricity Market Collaboration: An Application of Biennial Luenberger Productivity Index

“…This study refers to the method of Fujii et al [35] to decompose BLPI, TC, and EC at the factor level through the addition and subtraction characteristics of NDDF and the Luenberger index in order to distinguish the contribution of different driving factors for BLPI, TC, and EC. The decomposition of BLPI can be written as Equation (7). Similarly, the decomposition of EC and TC can be written as Equations ( 8) and (9).…”

“…To address this challenge, the Chinese government is working on a number of fronts, such as actively promoting low-carbon technology innovation [4] and exploring an emissions trading scheme [5]. In addition, the Chinese government has introduced the carbon market to the electricity sector, coupling it with the electricity market [6][7][8]. However, this coupling puts added pressure on the industrial sector, as it heavily relies on electricity consumption.…”