Research On The Impact Of Environmental Regulation On The Performance Of Green Innovation In Enterprises

With the rapid economic development in China,it is accompanied with serious problems such as excessive energy consumption,serious environmental pollution and the lack of innovation.In order to solve the above problems,our country urgently needs to speed up the pace of the green transformation,and to realize green innovation.And the development of green innovation needs not only the supervision of national environmental protection department,but also the active cooperation of enterprises.However,environmental regulation will increase the production costs of enterprises,which is also the main reason that the regulated enterprises can not cooperate well with the environmental regulation department in the implementation of environmental regulation.Therefore,if the environmental regulation department wants to achieve the win-win effect of environmental regulation and economic development,it is necessary to actively find an effective way of environmental regulation,which is the significance of this study.Firstly,on the basis of summarizing the research status of environmental regulation,expected economic returns of green innovation,stakeholder pressure and enterprise green innovation performance,the thesis puts forward the research hypothesis and constructs the conceptual model based on the theoretical analysis.Secondly,the questionnaires were designed to develop the empirical analysis.Lastly,this thesis uses SPSS21.0 and AMOS17.0 to analyze the data,and the structural equation model(SEM)is used to test the hypotheses.This thesis mainly firstly discusses what is the effect of environmental regulation on enterprise' green innovation performance on the science and technology SEM ? Dividing environmental regulation into three kinds: command control type,market incentive type,and voluntary disclosure type.And then,which kind of environmental regulation can improve green innovation performance more positivly.Secondly,expected economic returns of green innovation and stakeholder pressure as two mediator variables between environmental regulation and green innovation are explored.Thirdly,the enterprise' green innovation performance is divided into two dimensions which are environmental performance and economics performance,and then analyze the impact of environmental regulation on them.Through the discussion of the above three questions,the thesis taps more meaningful theoretical value of environmental regulation,expected economic returns of green innovation,stakeholder pressure and enterprise green innovation performance and to expand the scope of theoretical applications for enterprises to enhance green innovation performance to provide theoretical guidance.Through the data analysis of 398 effective questionnaires from enterprises,the research results show as follows.The first one is that environmental regulation has a significant positive impact on the green innovation performance of enterprises,and the effect of market incentive environmental regulation is more obvious than that of command controlled environmental regulation and voluntary disclosure environmental regulation on green innovation performance of enterprises.The second one is environmental regulation has a significant positive impact on the expected economic returns of enterprise green innovation.The third one is environmental regulation has a significant positive impact on stakeholder pressure.The last one is that the expected economic benefits of green innovation and stakeholder pressure play the intermediary roles in the impact of environmental regulation on enterprise green innovation performance.The intermediary role of the expected innovation economic returns of green innovation is larger.