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The Impact of Green Technology Innovation Capability on Corporate Value - The Mediating Role of Corporate Earnings -

  • Industry Promotion Research
  • Abbr : IPR
  • 2025, 10(2), pp.381~398
  • DOI : 10.21186/IPR.2025.10.2.381
  • Publisher : Industrial Promotion Institute
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : March 24, 2025
  • Accepted : April 22, 2025
  • Published : April 30, 2025

Yajuan Liu 1 Jaeyeon Sim 2

1중국 천진천우부동산공사
2세한대학교

Accredited

ABSTRACT

In the context of rapid economic development and environmental protection, green technology innovation (GTI) has become crucial for corporate sustainability. This paper explores how GTI influences corporate value and the mediating role of corporate returns based on theories of ecological modernization, technological innovation, stakeholder theory, and sustainable development. By analyzing data from listed companies between 2009 and 2023, a regression model is constructed using both literature review and empirical research to test these hypotheses. The results show that GTI significantly enhances corporate value, boosts competitiveness, optimizes resource allocation, and increases corporate returns through efficiency improvements and cost reductions. Corporate returns play a partial mediating role in this process, with the effect being more pronounced in industries with strong policy support and environmental regulation. Based on these findings, it is recommended that companies strengthen their green R&D teams, increase investment in green technologies, and enhance environmental governance. This study provides empirical evidence for the relationship between GTI and corporate value, and future research could investigate the impact differences across different industries and company sizes, further refining guidance for green innovation.

Citation status

* References for papers published after 2023 are currently being built.