Pathways to Corporate Green Technological Innovation: An Analysis from the Perspective of Dynamic Capabilities

Abstract In the context of current global climate change and sustainable development, green technological innovation has become a crucial issue. Chinese enterprises play a key role in this process, not only because China is the largest developing country in the world, but also because of its significant position in the global economy. Therefore, this study aims to explore the main pathways of green technological innovation in Chinese enterprises from the perspective of dynamic capabilities. After analyzing the impact mechanism of corporate dynamic capabilities on green technological innovation, the study finds that dynamic capabilities have a significant influence on the choice of pathways for corporate green technological innovation at different levels. Enterprises with high-level dynamic capabilities are more efficient in enhancing green technological innovation through independent R&D, while those with medium-level capabilities find cooperative R&D more efficient for enhancing green technological innovation, and enterprises with lower dynamic capabilities find technology transactions more efficient for enhancing green technological innovation. Furthermore, this study also found that environmental turbulence, as a moderating variable, significantly affects the relationship between dynamic capabilities and corporate green technological innovation. In more turbulent market environments, the dynamic capabilities of firms in promoting green technological innovation may be weakened. In light of these findings, this study proposes a series of countermeasures for businesses and governments, including strengthening the cultivation of dynamic capabilities, promoting the coordinated development of independent and collaborative R&D, improving the efficiency of technology transactions and applications, and increasing government support for green technological innovation.