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《Economic Management Journal》 2015-05
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Research on Driving Mechanism and Performance of Enterprises' Ecological Innovation Based on Porter Hypothesis

JIANG Xiu-lan;SHEN Zhi-yu;Institute of Industrial Economy of CASS;Shijiazhuang TieDao University;  
Along with the rapid development of economy in era of industrial civilization,the great challenge of depletion of natural resources and deterioration of ecological environment has become more serious.Enterprises' ecological innovation has become an important field in both academia and industry in order to promote sustainable development.Strengthening environmental regulation is one of the most important management measures to stimulate enterprises to adopt ecological innovation in most countries.With regard to effects of environmental regulation on enterprises' ecological innovation and innovation performance,traditional new classical economics and Porter hypothesis have different views.The new classical economics believes that environmental regulation can only bring more cost to enterprises and not benefit them.Although environmental regulation can increase social welfare,the increase of enterprises' cost will not benefit their financial performance.Different from new classical economics,Porter hypothesis has pointed out that environmental regulation can stimulate enterprises to carry out ecological innovation and search for methods of increasing resources utilization rate,and the first-mover advantage can help enterprises to reduce operating cost or increase their sales income so that the long-term competitive advantages can be formed.In conclusion,Porter hypothesis believes that strengthening environmental regulation is very necessary because it can stimulate enterprises' ecological innovation effectively and bring more environmental and financial performance to them.This article has collected and arranged the domestic and foreign literatures about enterprises' ecological innovation since Porter hypothesis was proposed,including theoretical research and empirical research.By reading and comparing different scholars' opinions and conclusions,the main topics of these research literatures can be summarized to three aspects.The first aspect is the definition of enterprises ecological innovation.Ecological innovation is a relatively new concept and has not reached recognized concept,but most definitions have same essence of saving resources and protecting environment by systematic innovation.The second aspect is about the influencing factors and driving mechanism of enterprise ecological innovation,testing the weak Porter hypothesis.Among all factors affecting ecological innovation,most literatures have focused on environmental regulation and reached the same conclusion that environmental regulation can promote enterprises to carry out ecological innovation.The third aspect is the performance of enterprises ' ecological innovation,including environmental performance and financial performance.Unlike weak Porter hypothesis,different scholars have reached different conclusions about the performance of ecological performance.Some literatures can prove the correctness of Porter hypothesis,but some empirical researches have reached the opposite conclusion.There are also some flexible scholars do not agree with either of the above options and believe different conditions will lead to different conclusions.This article has commented the existing research results and pointed out that the research on driving mechanism of enterprise ecological innovation and the innovation performance is still a relatively new research topic.Scholars in the world has put forward some valuable opinions and reached agreement on the weak Porter hypothesis,while there are still considerable differences in different theoretical and empirical research findings about strong Porter hypothesis.Due to the lack of specific,in-depth and targeted research in enterprises' ecological innovation,this article finally put forward the directions needing to research more deeply in the further.
【CateGory Index】: F273.1
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