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Open AccessArticle
The Impact of Enterprise Technological Innovation on Environmental Performance—An Industry Perspective
by
Yifan Chen
Yifan Chen 1 and
Zhuo Jiang
Zhuo Jiang 2,*
1
School of Economics, Zhejiang University, Hangzhou 310058, China
2
School of Economics and Management, Beihang University, Beijing 102206, China
*
Author to whom correspondence should be addressed.
Sustainability 2024, 16(15), 6457; https://doi.org/10.3390/su16156457 (registering DOI)
Submission received: 29 May 2024
/
Revised: 2 July 2024
/
Accepted: 23 July 2024
/
Published: 28 July 2024
Abstract
With the ongoing advancements in the modern industrial economy, the global ecological environment is encountering a multitude of challenges, prompting the increasing dissemination and global acknowledgment of the concept of sustainable development. Governments have formulated green development strategies aimed at incentivizing enterprises to enhance their environmental performance and mitigate environmental risks. This study utilizes a research sample comprising 3313 firm-level environmental performance scores and primary business data for 276 Chinese enterprises from 2007 to 2017. Based on the empirical evidence from the fixed-effects model, it is evident that technological innovation overall enhances the environmental performance and reduces the environmental risks of Chinese enterprises. Heterogeneity analysis reveals that internal innovation within Chinese enterprises exhibits heterogeneous impacts on environmental performance. The study shows that, compared to enterprises in the primary and tertiary industries, technological innovation in the enterprises of China’s secondary industry has a greater impact on enhancing environmental performance. Furthermore, within the secondary industry, the positive impact of technological innovation on environmental performance is more pronounced for the traditional sectors. Based on these findings, government authorities should actively encourage technological innovation among enterprises and formulate differentiated environmental policies tailored to different enterprises and industries. This research holds significant implications for the implementation of green strategies, enhancement of enterprise competitiveness, achievement of long-term sustainability, and improvement of global ecological environmental quality.
Share and Cite
MDPI and ACS Style
Chen, Y.; Jiang, Z.
The Impact of Enterprise Technological Innovation on Environmental Performance—An Industry Perspective. Sustainability 2024, 16, 6457.
https://doi.org/10.3390/su16156457
AMA Style
Chen Y, Jiang Z.
The Impact of Enterprise Technological Innovation on Environmental Performance—An Industry Perspective. Sustainability. 2024; 16(15):6457.
https://doi.org/10.3390/su16156457
Chicago/Turabian Style
Chen, Yifan, and Zhuo Jiang.
2024. "The Impact of Enterprise Technological Innovation on Environmental Performance—An Industry Perspective" Sustainability 16, no. 15: 6457.
https://doi.org/10.3390/su16156457
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