Page 144 - IJOCTA-15-4

An International Journal of Optimization and Control: Theories & Applications
ISSN: 2146-0957 eISSN: 2146-5703
Vol.15, No.4, pp.686-705 (2025)
https://doi.org/10.36922/IJOCTA025160080

RESEARCH ARTICLE

Green innovation efficiency measurement and its influencing factors
in specialized and new enterprises

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1
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Mengxue Li , Ruiyan Gao , Yaguai Yu 1,2* , Xiyi Li , and Qizhe Mao 4
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Business School, Ningbo University, Ningbo, Zhejiang, China
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Donghai Academy, Ningbo University, Ningbo, Zhejiang, China
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Yangming School, Ningbo University, Ningbo, Zhejiang, China
4
State Tobacco Monopoly Administration, Zhoushan, Zhejiang, China
2411010150@nbu.edu.cn, 226000079@nbu.edu.cn, yuyaguai@nbu.edu.cn, 236003247@nbu.edu.cn,
lushe1999@126.com
ARTICLE INFO ABSTRACT
Article History:
Based on data from 40 Specialized and New Enterprises (SNEs) in Zhe-
Received: April 16, 2025
jiang from 2017 to 2021, green innovation efficiency (GIE) is assessed by
Revised: July 17, 2025
Charnes–Cooper–Rhodes and super-Slack-Based Measure models, and influ-
Accepted: July 24, 2025
encing factors of GIE are analyzed using the Systematic Generalized Method
Published Online: August 26, 2025
of Moments Dynamic model to address the improvement of GIE in SNEs. The
Keywords: conclusions include: (i) the GIE is declining from 2017 to 2021 and could be
Specialized and new enterprises improved in the future, especially for SNEs in Zhejiang. (ii) As for influenc-
Green innovation efficiency ing factors, research and development investment, industry-university-research
Charnes–Cooper–Rhodes and collaboration, and government support have positive effects, while enterprise
super-Slack-Based Measure models scale has a negative effect of restraining the development of green innovation
Measurement of SNEs in Zhejiang. Therefore, several countermeasures, including estab-
Influencing factors lishing sound scientific research mechanisms, forming cooperation mechanisms
AMS Classification 2010: among enterprises, research institutes, and colleges and universities, strength-
90B23, 90B56 ening government support, and improving the government’s subsidy policy,
are being put forward. Scientific basis and practical guidance are provided to
enhance the green innovation capability of enterprises and the formulation of
relevant policies by the government.

1. Introduction faced severe shortages. As one of the largest car-
bon dioxide emitters in the world, China’s carbon
dioxide emissions reached 10.523 billion tons in
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Since the 20th century, the excessive exploitation 2021, ranking first globally. To achieve sustain-
of fossil fuels such as coal, oil, and natural gas has able economic development in China, the upgrad-
significantly promoted socio-economic develop- ing of industrial structure and transformation of
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ment while also causing notable negative impacts the development model are imminent. In the con-
on the natural environment, leading to increas- text of reducing carbon dioxide emissions, China
ingly severe global warming issues. In June 1988, has already taken several measures, such as imple-
American meteorologist James Hansen proposed menting pilot carbon trading policies. The dual-
the theory of global warming at a joint hearing of carbon strategy proposed by President Xi Jinping
the United States Congress, which subsequently at the 75th session of the United Nations Gen-
garnered widespread attention. With the long- eral Assembly in 2020 aimed to achieve a com-
term consumption of energy, essential goods have prehensive green transformation of economic and
*Corresponding Author
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