Green Innovation And Corporate Overseas Market Expansio

With the rapid development of economic integration,China’s manufacturing industry is more deeply involved in global competition.However,frequent incidents that China’s manufacturing industry is sanctioned by the host country due to environmental problems hinder the overseas development of China’s manufacturing industry.Manufacturing is the main body of the national economy,and green innovation is also an important engine of manufacturing development.Under the background of overcapacity in the world and fierce competition in the international market,in order to occupy a favorable position,China’s manufacturing industry needs to consider environmental factors,continuously improve the green innovation capability and improve the sustainability of economic development.Green innovation is an important starting point for China’s manufacturing industry to break the resource and environmental bottlenecks and green barriers in the process of going global."Made in China 2025" emphasizes the need to build a green manufacturing system.China’s manufacturing industry taking the road of green and low carbon can alleviate the plight of resource constraints and promote the development of the international market through the comparative advantages brought by green innovation activities.Persisting in green innovation,fully considering the carrying capacity of the ecological environment,is conducive to improving the industrial level of China’s manufacturing industry and enhancing the international competitiveness.Global cooperation and development and building a community of destiny have become the inevitable trend of global development.However,trade frictions between countries have occurred from time to time,and international trade frictions have become increasingly serious.In order to curb the development of hostile countries,some countries have taken extreme trade protection measures to support their own industries and make global economic development unbalanced.For the sustainable development of enterprises and the development of international markets,it is urgent to attach importance to the role of green innovation.Green innovation is also an important way for enterprises to cope with the changes of foreign market demand and the policy requirements of host countries,which can achieve the balance of economic benefits,environmental benefits and social benefits.There are few empirical studies on the relationship between Chinese enterprises’ green innovation and enterprises’ overseas market expansion in China.Therefore,this paper collects the panel data of Chinese manufacturing listed companies from 2009 to 2020,and explores the relationship between green innovation and enterprises’ overseas market expansion based on stakeholder theory and sustainable development theory.The main research results of this paper are as follows.First,green innovation can significantly promote the overseas market expansion of enterprises and different types of green innovation also have a significant positive impact on overseas market expansion.Green innovation by multinational enterprises can strengthen the connection with the host country enterprises and better integrate into the local industrial chain.Second,supply chain concentration can positively regulate the relationship between green innovation and overseas market expansion.This paper expands the research related to green innovation to the overseas market expansion of enterprises and introduces the supply chain concentration to explain the adjustment mechanism between green innovation and overseas market expansion of enterprises and also provide theoretical guidance for the multinational operation of companies.