Abstract
Under the environment of a green economy, green innovation serves as the only way for enterprises to grow, upgrade their competitiveness and seek continued business. Based on a questionnaire survey of 212 enterprises established within 4 years in the Pearl River Delta of China, this research utilizes structural methods to analyze the impacts of exploratory and applied learning (dual learning) on green innovation capability and verifies the environmental protection awareness of senior executives and the adjustment effects of environmental regulation. The results suggest that (1) exploratory and applied learning have a positively significant impact on green innovation capability; (2) under the regulation of environmental protection awareness of internal executives, there are differences in green innovation capabilities under the dual influences of exploratory and applied learning; and (3) under the adjustment of external environmental regulation, there are differences in green innovation capabilities under the dual influences of exploratory and applied learning. The findings indicate that new start-up ventures should raise awareness of environmental protection among senior executives under dual learning and perceive the changes of the government’s environmental regulations to enhance their green innovation capabilities.
Highlights
Green innovation has become one of the most heated topics of enterprises’ sustainable development, and all countries around the world are currently formulating environmental regulations to give them a more powerful drive toward green innovation
This paper proposes that environmental regulation has a mediating effect on the exploratory, applied learning and green innovation capability in new ventures
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Summary
Green innovation has become one of the most heated topics of enterprises’ sustainable development, and all countries around the world are currently formulating environmental regulations to give them a more powerful drive toward green innovation. In response to global climate change and economic recession, enterprises take up green innovation to enhance the value in their products and to promote economic growth, making the green economy a new trend of global economic development. State and local governments have issued several environmental regulations to encourage green and low-carbon production techniques and speed up the pace of green technology innovation and industrialization, green manufacturing, green supply chain management, and much more [1]. The building up of enterprises’ green innovation capability is an inevitable trend of innovation management
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