Effects of Technological Innovation Network Embeddedness on the Sustainable Development Capability of New Energy Enterprises

Su Su,Yu Yu

doi:10.3390/su11205814

Abstract

The rapid development of China’s economy has led to increasing problems with energy security and environmental pollution. Sustainable economic and environmental development in China can be effectively ensured through the sustainable development of new energy enterprises. Moreover, network theory holds that enterprises form multiple complex and diverse social networks through their interconnection, which further boosts the sustainable development of enterprises. This study used the social network analysis method and the accelerating genetic algorithm projection pursuit model, embedded new energy enterprises in technological innovation networks, and established a conceptual model that included network embeddedness, external resource acquisition, corporate social responsibility, and the sustainable development capability of enterprises. Then, hierarchical regression analysis was used to test the conceptual model. The results of this study provide a new theoretical basis and relevant policy suggestions for the sustainable development of China’s new energy enterprises. The results are also important for China’s environmental governance and for creating a green and harmonious future ecological environment.

Highlights

Given China’s rapid economic development, some Chinese enterprises have entered bankruptcy as a result of the transformation in economic development mode and changes in the structure of the economy
Following the results of Su et al [59], we found that there are small differences in sustainable development capability between Chinese new energy enterprises, and most of them are at the lower middle level
The variables’ VIF value is less than 10, and the tolerance of variables is greater than 0.100, which implies that there is no multicollinearity between variables

Summary

Introduction

Given China’s rapid economic development, some Chinese enterprises have entered bankruptcy as a result of the transformation in economic development mode and changes in the structure of the economy. The issue of the sustainable development of Chinese enterprises is increasingly prominent [1,2]. Compared with China, the average life span of large enterprises and small and måedium-sized enterprises in Japan is 58 and 12.5 years, respectively. Even the life spans of large enterprises in Europe and America have reached 40 years. Ensuring that Chinese enterprises have sustainable development capabilities and helping Chinese enterprises to adapt to development and change in the social and economic environment hold important strategic significance for China’s economic development [5]

Objectives

Methods

Results

Conclusion