Research On The Influence Of Green Technology Innovation On Competitive Advantage Of Resource-based Enterprises

Green and low-carbon development is an important part in the construction of ecological civilization,reaching peak emission and achieving carbon neutralization will become the main subject of green ecological development in China.Owing to the higher pollution and energy consumption,the resource-based enterprises extremely need to change their development mode so as to meet the requirements of the new era.With the improvement of China’s environmental governance policies,green technology innovation has become a prominent issue faced by resource-based enterprises.Green technology innovation activities of resource-based enterprises can not only improve environmental governance,produce innovation compensation effect,establish green competitive advantage,but also enhance the awareness of corporate environmental responsibility,improve resource utilization,generate firms transition to environmentfriendly and resource-saving enterprises,and finally realize the integration of ecological effectiveness and economic efficiency.As green technology innovation has become a significant driving force for enterprise growth and national competition,more and more literatures have pay attention to the relationships among environmental responsibility,green technology innovation and competitive advantage of resource-based enterprises.Many literatures have discussed the driving factors of green technology innovation from external environment such as market demand and macro policies,while ignored the internal driving factors of green technology innovation.At the same time,relatively few literatures focus on the search of mediator and moderator and exploration of its mechanism,in-depth research is urgently needed.In consideration of demands of national development strategy,and based on the technological innovation theory,resource-based theory of the firm,corporate social responsibility theory and organizational legitimacy theory,this paper takes 2011-2020 Shanghai and Shenzhen A-share listed company of resource-based enterprises as the research sample,and uses hierarchical regression analysis to examine the relationship between green technology innovation and competitive advantage of resource-based enterprises.Furthermore,this paper examines the moderating effect of environmental responsibility on the relationship between green technology innovation and competitive advantage of resource-based enterprises,meanwhile the heterogeneous impact of industrial pollution degree and market-oriented degree of area are examined.The results show: First,the green technology innovation has a significant positive impact on the competitive advantage of resource-based enterprises,that is,the greater the level of green technology innovation,the more conducive to the promotion of the competitive advantage of enterprises.Second,the fulfillment of environmental responsibility has a significant positive effect on the relationship between green technology innovation and competitive advantage of resource-based enterprises,and the positive correlation is enhanced with the increasing of corporate environmental responsibility.Third,further analyses show that the above effects still exist regardless of market-oriented degree of area,and the moderating effect mainly exist in the enterprises which have high level industrial pollution.Based on the empirical results,and considered the urgency and significance of green technology innovation and environmental governance for China,some suggestions and countermeasures to encourage green technology innovation and strengthen environmental responsibility from both enterprises perspective and government perspective are put forward,which will have reference implications to enhance the competitive advantage of resourcebased enterprises in China.