| In recent years,China's ecological civilization construction has made great achievements,but there are still many problems,the imbalance between economic and ecological development is still prominent,people are more and more aware of the pursuit of rapid economic growth at the same time,pay attention to ecological construction,maintain the importance of sustainable development.In 2019,the Commission for Deepening Overall Reform of the CPC Central Committee deliberated and adopted the Guiding Opinions on Building a Market-based Green Technology Innovation System at its sixth meeting,together with the Roadmap and Timetable for Building a Market-based Green Technology Innovation System.It fully reflects China's great importance to the construction of ecological civilization,and also shows that the country attaches great importance to the green technology innovation of enterprises.As the main driver of economic development,enterprises consume a large amount of resources and energy and discharge a large number of pollutants while promoting the rapid development of China's economy.Therefore,under the current new situation,enterprises should actively undertake the responsibility of environmental protection and actively carry out green technology innovation while developing economy and improving their own value.This essay sorts out the concept of green technology innovation,summarizes the characteristics of green technology innovation and its difference from traditional technology innovation.Combined with the definition of green technology innovation in relevant national policy documents and the characteristics of the industry where the research object is located,a detailed classification index for green technology innovation in the steel industry is obtained.On this basis,combined with the stakeholder theory,innovation theory and sustainable development theory,L company is taken as the research object,combined with the enterprise value,using Eviews software to build VAR model,to confirm the impact of green technology innovation on enterprise value.Through the model construction,it is proved that the enterprise's active green technology innovation,including increasing the investment in green research and development,strengthening the innovation of green products,accelerating the innovation and upgrading of green governance technology,and paying attention to the cultivation of green innovation consciousness,will promote the significant improvement of enterprise value.The variance decomposition shows that green governance technology innovation has the greatest impact on enterprise value.The positive impact of green R&D innovation and green product innovation on enterprise value is more obvious than that of green management innovation.The positive impact of green management innovation on enterprise value is the least,but it should be fully paid attention to.Only by forming the environmental protection concept of green innovation and development inside the enterprise can enterprise value be comprehensively promoted.In the long run,the above four variables will have a long-term positive impact on enterprise value.Therefore,in the process of development,enterprises should actively carry out green technology innovation,constantly increase the investment in green research and development,improve the R&D efficiency of new products,improve the utilization of resources,pay attention to the improvement of end-product treatment technology and the recycling of waste pollutants,and strengthen the cultivation of green innovation awareness within the company.In the hope of improving the level of green technology innovation of enterprises,to improve the company's own value,and then provide reference experience for the development of other enterprises and industries. |
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