Impact Of Stakeholder On Private Enterprise's Environmental Innovation

With the economic growth, the environment issue has been becoming the concerned topic. Government pays high attention to the environment issue, taking legal, administrative and economic actions to improve environmental quality. Being micro economic agents, enterprises are focus on environmental innovation to reduce the negative impact to natural environment through controlling productive process and final products, in order to meet the government's requirements and increase the profit. As a result, environmental innovation benefits not only the enterprise itself, but also the natural environment and the whole society, and is a strong measure to promote the recycling economy and sustainable development. This study does the research about the impact of stakeholder to environmental innovation, and mainly discusses the impact of stockholder's political capital to environmental innovation.This study is consisting of theoretical research and empirical analysis. The theoretical part includes the summarizing of literature about enterprise environmental innovation and stakeholders. The empirical part tests research hypothesis by questionnaire.This study verifies the research hypothesis about enterprise environmental innovation and stakeholder, through the questionnaire involving 791 manufacturing private enterprises. The results are as follows: stockholder's political capital has negative notable correlation with environmental innovation; government's environmental regulation has positive notable correlation with environmental innovation; clients, suppliers and competitors have positive notable correlation with environmental innovation. The study is focus on the impact of stockholder's political capital to enterprise environmental innovation. In private enterprises, the more political capital the stockholder has the less attention the enterprises pay to environmental innovation. This can be explained as, on one hand, the benefit from stockholder's political capital exceeds that from environmental innovation, on the other, under the support of political capital, the environmental performance receive less attention from the public.The main academic contribution of this study lies in: 1. From the perspective of stakeholder, do the analysis its impact on enterprise environmental innovation. 2. Mainly discuss the impact of stockholder's political capital on environmental innovation.