Research On The Correlation Of Low-carbon Technology Innovation And Enterprise Value

Along with the rapid development of economy in our country, the contradiction between environmental issues and economic issues are increasingly critically. In order to solve the contradiction between economic development and environmental protection, our country increasingly emphasis on low-carbon economy and began to promote and popularize the concept of low energy consumption, low pollution and low emissions. In order to encourage enterprises to better fulfill the model of low-carbon development, the government has issued a number of preferential policies. In the context of a low-carbon economy, if companies only consider short-term economic benefits, they would lose a lot of new opportunities and then lose the market competitiveness in the future. Numerous studies show that technological innovation is an effective way to enhance the value of enterprise. Through technological innovation, enterprises can enhance their competitive advantage, occupy a favorable position in the market, ensure the future development of enterprises, so as to bring more tangible and intangible value. Low-carbon technology innovation can be classified as part of the technical innovation, therefore it can be used as a ways to seek enterprise value, it is also an important reflection of social responsibility, which is the companies need to constantly think about in the context of a low-carbon economy.Currently, domestic scholars just focused on the correlation between technology innovation and enterprise value, the empirical analysis between low-carbon technology innovation and the enterprise value is still relatively short. Under the context of the evolving low-carbon economy, study the correlation between low-carbon technology innovation and enterprise value is not only consistent with the needs of China’s economic development, but also the needs of their own. Therefore, this paper will drawing on the researches of technology innovation and enterprise value and choosing companies listed in low-carbon economy sector to study the correlation between low-carbon technology innovation and enterprise value. Compared with previous studies, this article verified the correlation between variables from innovation input, innovation output, the level of innovation, the level of information disclosure. This not only makes up the relevant theory research, but also has important practical significance. According to the results, we believe it has a positive correlation between the investment strength of low-carbon technology innovation and the operating performance of enterprise. Companies can achieve much value through increasing fund investment in low-carbon technologies innovation, increasing the proportion of technical staffs cannot achieve much value and will influence operating performance. Secondly, the levels of innovation and low-carbon disclosures have a positive correlation with enterprise value. Finally, from the view of innovation results, weather forming patents have no significant correlation with enterprise value.