The Impact of Environmental Assessment of Green Innovation on Corporate Performance and an Empirical Study

Year 2024, , 94 - 109, 30.10.2024

Ziru Yang

https://doi.org/10.28978/nesciences.1569137

Abstract

Green innovation is an important part of environmental evaluation, which will promote low-carbon economy and directly or indirectly impact enterprises' development performance. The research on environmental evaluation of green innovation mainly focuses on the theoretical aspect, elaborates on waste recycling, social responsibility, etc., lacks practical research methods, and ignores the impact of green innovation. In order to further study the actual impact of green innovation on environmental assessment and the promotion of enterprise performance, this paper proposes a factor regression analysis method. First of all, as well as related literature, the content and indicators of green innovation are extracted, the indicators are standardized, and the invalid indicators are eliminated. Then, a regression analysis of enterprise performance is carried out according to the indicators to find out the main influencing aspects. Finally, the problematic indicators were analyzed, the causes of the indicators were explored, and relevant countermeasures were proposed based on the regression results. The results of the study show that social supervision (X32), government supervision (X31), environmental report disclosure (X11), profit evaluation system (X23), production competitiveness (X21), Environmental technology (X13) and investment (C) are the main influencing indicators, and the degree of enterprise performance has a significant impact. Therefore, enterprises should start from the aspects of environmental report disclosure, social supervision, and profit evaluation system, and formulate measures and countermeasures to improve the role of environmental assessment in green innovation in promoting enterprise performance.

Keywords

Green innovation, environmental assessment, corporate performance, empirical evidence

References

• Cai, S. (2021). Discussion on Corporate Social Responsibility in the New Era. International Finance News.
• Feng, J. (2021). Research on Enterprises Balancing Efficiency, Fairness and Fulfilling Social Responsibility. China Market, (35), 91-93.
• Fred, N. (2010). Performance & Instruction in the Year 2000 Arejoinder. Performance Improvement (8), 8-9.
• Gloria, G. (2010). Attributes and Behaviors of Performance-Centered Systems. Performance Improvement Quavterly, (1), 47-93.
• He, D. (2022). Research on the Impact of Environmental Labeling Certification on Corporate Green Innovation and Performance. Central South University.
• Hu, A. (2012). An Important Way of China's Green Development, China Environment News.
• Jiang, H. (2023). The impact of green technology innovation on enterprise performance under environmental regulation. Shandong University of Finance and Economics.
• Li, D., & Zhang, C. (2017). Environmental Strategy, Green Innovation and Green Image. Finance and Accounting Monthly, (32), 3-10.
• Luo, Y., & Xiong, G. (2021). Confucian Culture, Corporate Strategy and Corporate Social Responsibility Information Disclosure Quality-Empirical Evidence from Shenzhen and Shanghai A-share Mining Listed Companies. Journal of Henan University of Science and Technology, 39(6), 47-53.
• Lv, H. (2023). Research on the Influence Mechanism and Effect Evaluation of Environmental Regulation on Enterprise Green Innovation from the Perspective of Innovation Motivation. China University of Mining and Technology.
• Ma, L., & Liu, M. (2023). The Impact of Environmental Protection Fee Reform and Tax on the Financial Performance of Enterprises: The Moderating Effect of Green Technology Innovation. Land and Resources Science and Technology Management, 40(1), 86-103.
• Research on the impact of corporate environmental responsibility on corporate performance: taking green technology innovation as the mediating variable [J]. Sino-Arab Science and Technology Forum, 2023, (06), 71-75.
• Shao, P., & Yi, W. (2023). The Impact of Environmental Information Disclosure on Firms' Green Innovation Performance: Motivation or Pressure? Based on the Data of 648 Heavily Polluting A-share Listed Companies. Innovation and Technology, 23(07), 29-40.
• Susel, (2021). Earnestly Fulfill Corporate Social Responsibility to Help the Construction of a Pioneer City for Common Prosperity, Ningbo Daily.
• Thomas, F. G. (2010). Human Competence：Enginee- ring Worthy Performance. Performance Improvement, (9), 19-27.
• Wang, A. (2008). My Corporate Social Responsibility Accounting Concept, Accountant, (7), 35-42.
• Wang, W., & Shen, J. (2022). The Impact of Green M&A on Firms' Environmental Performance: The Mediating Role of Green Technology Innovation. Enterprise Economics, 41(9), 95-106.
• Wang, X., Ding, Y., & Ma, L. Eight Groups of Important Relationships in Performance Management. Dongyue Review, 2013(4), 126-130.
• Xu, J. (2023). Research on the Impact of Environmental Tax on Enterprise Performance based on the Intermediary Effect of Green Innovation. Harbin University of Commerce.
• Xu, X., (2022). Research on the Impact of Environmental Management and Green Innovation on Corporate Financial Performance. Inner Mongolia University of Science and Technology.
• Zhou, J., Yuan, D., Ma Yufei, M.D. (2021). Does A-tone affect corporate social responsibility? Based on the perspective of information increment and impression management. Journal of Management, 34(6), 88-107.