Technovation最新文献_第10页

Business model innovation in traversing developed and emerging economies: An integrated systematic literature review 跨发达和新兴经济体的商业模式创新：综合系统文献综述

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-10 DOI: 10.1016/j.technovation.2025.103348

Mark Loon , Lilian Otaye-Ebede , Jim Stewart , David Ahlstrom

Business model innovation (BMI) is a complex phenomenon, made even more so in the international landscape involving emerging economies. The environment often afforded to firms traversing developed and emerging economies means that BMI is not an end to itself but a regular process involving changes to business models. This paper departs from the usual entity-based ontology of BMI to a more process-based ontology that highlights the nuances of innovation in and with business models as the role of business model innovation in a bifurcated world of developed and emerging economies is addressed. In doing so, we undertake an integrated systematic literature review using the Context-Intervention-Mechanism-Outcomes method to analyze 72 research articles between 2003 and 2024. Using storytelling to present the findings, the narrative initially starts with context of firms, usually from developed economies, that are venturing overseas employing multiple business models, to seek opportunities. The midpoint (i.e., intervention and mechanisms) of the story contains rich and nuanced developments involving firm capabilities and knowledge management initiatives in addressing emerging economy innovation and reverse innovation. The findings culminate with varying forms of BMI as outcomes. This work contributes to the research on business models by showing that the concept is more nuanced, as notions of innovation-enabling business models and business model reinnovation are explored. In addition, this work highlights the traversing between the bifurcated worlds of developed and emerging economies as a boundary condition of business model reinnovation. Finally, using the profiting-from-innovation as a lens, we highlight how business models are deployed in emerging economies as orchestrative mechanisms that enhances firms’ ability to profit from their innovations. We offer a mechanism-based perspective of business models that enable firms to reflexively identify and integrate dominant designs of emerging product innovations, its complementary assets and optimise appropriation regimes.

商业模式创新是一个复杂的现象，在涉及新兴经济体的国际格局中更是如此。在发达国家和新兴经济体，企业所处的环境往往意味着BMI本身并不是一个终点，而是一个涉及商业模式变化的常规过程。本文从通常的基于实体的BMI本体转向了一个更基于过程的本体，该本体强调了商业模式中创新的细微差别，并强调了商业模式创新在发达经济体和新兴经济体的分叉世界中的作用。为此，我们采用背景-干预-机制-结果方法对2003年至2024年间的72篇研究文章进行了综合系统文献综述。通过讲故事的方式来呈现研究结果，叙事首先从企业（通常来自发达经济体）的背景开始，这些企业正在海外冒险，采用多种商业模式寻求机会。故事的中点（即干预和机制）包含丰富而微妙的发展，涉及企业能力和知识管理举措，以应对新兴经济体创新和反向创新。这些发现最终以不同形式的BMI作为结果。这项工作有助于商业模式的研究，因为它表明了这个概念更加微妙，因为探索了创新驱动商业模式和商业模式再创新的概念。此外，本研究还强调了发达经济体和新兴经济体的两极世界之间的跨越是商业模式再创新的边界条件。最后，以创新盈利为视角，我们强调了商业模式如何作为协调机制在新兴经济体中部署，从而增强企业从创新中获利的能力。我们提供了一种基于机制的商业模式视角，使企业能够反射性地识别和整合新兴产品创新的主导设计，其互补资产和优化拨款制度。

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引用次数: 0

Crowdfunding for entrepreneurship and digital technologies in the emerging markets: The role of informal and formal institutions 新兴市场中创业和数字技术的众筹：非正式和正式机构的作用

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-03 DOI: 10.1016/j.technovation.2025.103353

Ioanna Stylianou , Christiana Anaxagorou , Anthi Avloniti , Christos Anagnostopoulos , Monika Wieczorek-Kosmala

Crowdfunding has become a global phenomenon and a significant source for funding entrepreneurial ventures. For the emerging markets in particular, crowdfunding has emerged as an alternative significant financing tool given the restricted access to financial resources. At the same time, during the last decade digital technology has drastically changed the global economy especially for the emerging markets. The aim of the paper is to investigate if and how the adoption of digital technologies in infrastructure, usage and empowerment in the emerging markets enhances crowdfunding target achievement and crowdfunding success. Further, we explore how the presence of strong sociocultural (informal), economic and political institutions (formal) in the emerging markets is related with the adoption of digital technologies and, their direct impact on crowdfunding initiatives. Using a sample of 44 emerging economies over the period 2009–2023, our results indicate that the adoption of digital technologies support crowdfunding target achievement and success rate in emerging markets. Further, formal and informal institutions support crowdfunding investments, moderating at the same time the relationship between digital technology and crowdfunding target achievement and success. Our results bridge the gap in empirical research on crowdfunding adoption, shedding light on the role and importance of sociocultural, political and economic institutions in the emerging markets.

众筹已经成为一种全球现象，也是创业企业融资的重要来源。特别是对于新兴市场，由于融资渠道有限，众筹已成为另一种重要的融资工具。与此同时，在过去十年中，数字技术极大地改变了全球经济，特别是对新兴市场而言。本文的目的是调查新兴市场在基础设施、使用和授权方面采用数字技术是否以及如何提高众筹目标的实现和众筹的成功。此外，我们探讨了新兴市场中强大的社会文化（非正式）、经济和政治机构（正式）的存在与数字技术的采用及其对众筹计划的直接影响之间的关系。以2009-2023年44个新兴经济体为样本，我们的研究结果表明，数字技术的采用支持新兴市场众筹目标的实现和成功率。此外，正式和非正式机构支持众筹投资，同时调节数字技术与众筹目标实现和成功之间的关系。我们的研究结果填补了众筹采用实证研究的空白，揭示了新兴市场中社会文化、政治和经济制度的作用和重要性。

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引用次数: 0

Seeds of change: Unpacking the enduring effects of MNC knowledge transfer in autonomous social innovation projects by fringe stakeholders 变革的种子：揭示跨国公司知识转移在边缘利益相关者自主社会创新项目中的持久影响

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-18 DOI: 10.1016/j.technovation.2025.103370

Chiara Civera , Cecilia Casalegno , Brigida Morelli , Gabriele Santoro

This paper investigates the enduring effects of Corporate Social Innovation (CSI) initiatives by multinational companies (MNCs) in developing countries, emphasizing how knowledge transfer, absorption, and utilization by local fringe stakeholders foster Autonomous Social Innovation (ASI). Using an ethnographic case study of coffee farmers in the Dominican Republic, the study identifies key catalyzers—local NGO, cooperative and federation governance systems, local government, commercial institutions, and external technical actors—and enablers—awareness, cooperation, knowledge sharing, knowledge and partnership seeking—that allow ASI initiatives and the evolution of local ecosystems. Building on the literature of stakeholder engagement, stakeholder empowerment and knowledge-based view, the findings highlight how these elements collectively drive the shift from dependency-driven to self-reliant social innovation models, enabling fringe stakeholders to lead initiatives that integrate economic, social, and environmental value creation. Activities such as building training centers, developing their own branded coffee, and creating coffee tourism routes showcase the capacity of empowered stakeholders to drive impactful and scalable ASI. Our study advances the ASI literature by focusing on long-term sustainable impacts of social innovation through an egalitarian perspective of local empowered stakeholders, while previous studies largely focused on the immediate CSI impacts in a more paternalistic, MNC-based view.

本文研究了跨国公司在发展中国家的企业社会创新（CSI）举措的持久效应，强调了当地边缘利益相关者的知识转移、吸收和利用如何促进自主社会创新（ASI）。通过对多米尼加共和国咖啡农的民族志案例研究，该研究确定了关键的催化剂——当地非政府组织、合作和联邦治理体系、地方政府、商业机构和外部技术参与者——以及推动因素——意识、合作、知识共享、知识和伙伴关系寻求——这些因素使ASI倡议和当地生态系统得以发展。基于利益相关者参与、利益相关者赋权和基于知识的观点，研究结果强调了这些因素如何共同推动从依赖驱动到自力更生的社会创新模式的转变，使边缘利益相关者能够领导整合经济、社会和环境价值创造的倡议。诸如建立培训中心、开发自己的品牌咖啡和创建咖啡旅游路线等活动展示了授权利益相关者推动有影响力和可扩展的ASI的能力。我们的研究通过关注社会创新的长期可持续影响，通过平等主义的地方授权利益相关者的视角推进了ASI文献，而以前的研究主要集中在更家长式的、基于跨国公司的视角下的社会创新的直接影响。

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引用次数: 0

Proactive resilience in the face of black swan events: The power of organisational learning and digital orientation in digital entrepreneurship 面对黑天鹅事件的主动恢复力：数字创业中的组织学习和数字导向的力量

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-11-21 DOI: 10.1016/j.technovation.2025.103431

Salvatore Ammirato , Alberto Michele Felicetti , Barbara Bigliardi , Sascha Kraus

In an era of turbulence, digital entrepreneurship (DE) has emerged as a key driver of economic growth and proactive resilience (PR) - the capability to anticipate, prepare for, and capitalise on disruption. However, digital enterprises, deeply embedded in digital ecosystems, face heightened risks due to the global interconnectedness of economies, which demands continuous adaptation and innovation. Traditional resilience models that emphasise stability fall short of addressing the dynamic capabilities needed to navigate today's volatile environment. This study investigates how learning culture (LC), entrepreneurial orientation (EO), and digital orientation (DO) interact to foster decentralised decision-making (DDM)—a dynamic capability that enables agility and, in turn, strengthens proactive resilience. Based on a survey of 129 digital entrepreneurs, we examine if and how LC, EO, and DO influence DDM, while also analysing the potential influence of DDM on PR. We find direct positive effects of LC and DO on DDM, whereas EO shows no direct effect. Furthermore, DDM has a positive impact on proactive resilience, mediating the effects of LC and DO. These results suggest that digital enterprises build proactive resilience not merely by reacting to shocks, but by embedding learning and digital capabilities into decentralised structures that empower fast, informed, and context-specific decisions. The study advances dynamic capabilities theory by clarifying how digital entrepreneurship leverages learning and digital orientation to transform uncertainty into opportunity, providing both theoretical and practical insights into how organisations can thrive—not just survive—amid disruption.

在动荡的时代，数字创业（DE）已成为经济增长和积极应变（PR）的关键驱动力，即预测、准备和利用颠覆的能力。然而，深度嵌入数字生态系统的数字企业，由于经济的全球互联互通，面临着更高的风险，这需要不断适应和创新。强调稳定性的传统弹性模型无法解决驾驭当今动荡环境所需的动态能力。本研究探讨了学习文化（LC）、创业导向（EO）和数字导向（DO）如何相互作用，以促进分散决策（DDM）——一种能够实现敏捷性的动态能力，进而加强主动应变能力。基于对129位数字企业家的调查，我们研究了LC、EO和DO是否以及如何影响DDM，同时也分析了DDM对PR的潜在影响。我们发现LC和DO对DDM有直接的积极影响，而EO没有直接影响。此外，DDM对主动弹性有正向影响，中介了LC和DO的作用。这些结果表明，数字化企业不仅通过应对冲击，而且通过将学习和数字化能力嵌入到分散的结构中，从而实现快速、知情和具体情况的决策，从而建立主动的弹性。该研究通过阐明数字创业如何利用学习和数字导向将不确定性转化为机会，推进了动态能力理论，为组织如何在颠覆中茁壮成长（而不仅仅是生存）提供了理论和实践见解。

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引用次数: 0

Changepoint model for energy-efficient technology diffusion: A comparative evaluation of empirical models 节能技术扩散的变点模型：经验模型的比较评价

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-08 DOI: 10.1016/j.technovation.2025.103352

Shakshi Singhal , Yasmeen Bano , Prerna Gautam

Energy-efficient technologies (EETs) such as electric vehicles (EVs) and photovoltaic (PV) solar installations are rapidly growing fields that are revolutionizing how we use and produce energy. The global emergence of these technologies has significantly reduced greenhouse gas emissions, global warming, air pollution, oil consumption, and dependence on fossil fuels. However, adopting these technologies has also raised concerns about energy justice and has sparked a fundamental question about how energy-efficient products should be disseminated in society. Accurate forecasting of the sales trajectory of environmentally friendly technologies is crucial for their continued development. The present research aims to develop a flexible changepoint model that can successfully forecast the diffusion paradigm of Energy-efficient technological innovations by randomly capturing the evolution of adoption rates over time. The proposed model is empirically tested using historical sales data of Electric vehicles (EVs) and photovoltaic (PV) solar installations. The robustness and prediction performance of the proposed model are compared with conventional models using two quantitative measures: Entropy Ranking (ER) and Variance Ranking (VR). Assessing different empirical models can help identify the most suitable model for specific innovations and markets. The finding suggests that the developed model has superior estimation and prediction capabilities.

节能技术（EETs），如电动汽车（ev）和光伏（PV）太阳能装置是快速发展的领域，正在彻底改变我们使用和生产能源的方式。这些技术的全球出现显著减少了温室气体排放、全球变暖、空气污染、石油消耗和对化石燃料的依赖。然而，采用这些技术也引起了人们对能源公平的担忧，并引发了一个根本性的问题，即节能产品应该如何在社会上传播。准确预测环境友好型技术的销售轨迹对其持续发展至关重要。本研究旨在建立一个灵活的变化点模型，通过随机捕获采用率随时间的演变，成功预测节能技术创新的扩散范式。使用电动汽车（ev）和光伏（PV）太阳能装置的历史销售数据对所提出的模型进行了实证检验。利用熵排序（ER）和方差排序（VR）两种定量指标，比较了模型的鲁棒性和预测性能。评估不同的经验模型可以帮助确定最适合特定创新和市场的模型。研究结果表明，所建立的模型具有较好的估计和预测能力。

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引用次数: 0

The double-sided influence of IP litigation reputation on R&D collaboration 知识产权诉讼声誉对研发合作的双重影响

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-11-22 DOI: 10.1016/j.technovation.2025.103421

Sarah Edris , Victor Gilsing , René Belderbos

We draw on signaling theory to argue that a tough reputation based on IP litigation can be either detrimental or instrumental to the formation of new collaborative ties. Under conditions of information asymmetry, potential partner firms rely on observable signals to assess partner firms' attractiveness. While IP litigation reputation signals aggressiveness and may deter new partners from collaboration, it also signals the presence of a focal firm's high-quality resources that it seeks to protect. In the absence of information on a focal firm's prior R&D collaboration, the latter dominates. The substitutive relationship between IP litigation and prior R&D collaboration in their influence on the formation of new collaborative ties depends on the nature of information asymmetry. It is stronger if new collaborations are with rival firms competing in the same market than if they are with non-rival partners. We find support for these hypotheses using a fixed-effects multi-equation model of new partner collaborations with rivals and non-rivals in the pharmaceutical industry, 1995–2015.

我们利用信号理论来论证，基于知识产权诉讼的强硬声誉可能不利于或有助于形成新的合作关系。在信息不对称条件下，潜在合作企业依赖可观察到的信号来评估合作企业的吸引力。虽然知识产权诉讼的声誉标志着咄咄逼人，可能会阻止新合作伙伴的合作，但它也标志着焦点公司寻求保护的高质量资源的存在。在缺乏焦点公司先前的研发合作信息的情况下，后者占主导地位。知识产权诉讼与先前研发合作对新合作关系形成的影响的替代关系取决于信息不对称的性质。如果新的合作是与在同一市场竞争的竞争对手公司进行的，那么这种合作比与非竞争伙伴进行的合作更强大。我们利用1995-2015年医药行业新合作伙伴与竞争对手和非竞争对手合作的固定效应多方程模型来支持这些假设。

引用次数: 0

Global minds, global funds: International top management and ICO fundraising in developing economies 全球思维，全球资金：发展中经济体的国际高层管理和ICO融资

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-06 DOI: 10.1016/j.technovation.2025.103356

Tingting Zhu , Andrea Moro , Johannes Gartner , Elmar Puntaier , Solomon Akele Abebe

Drawing on the Resource-Based View (RBV), our study examines how C-level management team composition influences fundraising through Initial Coin Offerings (ICOs) in the context of developing countries. Using a dataset of 458 ICOs and Probit regression analyses, we find that born-digital ventures led by internationally diverse management teams attract more capital, as investors associate diversity with superior entrepreneurial skills and valuable tacit knowledge. Moreover, having a foreign CEO with strong entrepreneurial experience further increases investor confidence by helping investors to distinguish credible, competent teams. Our findings contribute to the RBV by showing that managerial diversity and skillsets stand out during an investor's screening process. We discuss implications for policymakers, investors and local entrepreneurs in developing countries.

利用资源基础观点（RBV），我们的研究考察了发展中国家背景下c级管理团队构成如何影响通过首次代币发行（ico）筹集资金。利用458个ico的数据集和Probit回归分析，我们发现，由国际多元化管理团队领导的天生数字化的企业吸引了更多的资本，因为投资者将多样性与卓越的创业技能和有价值的隐性知识联系在一起。此外，拥有一位具有丰富创业经验的外国首席执行官，可以帮助投资者区分出可信、有能力的团队，从而进一步增强投资者的信心。我们的研究结果通过显示管理多样性和技能组合在投资者筛选过程中脱颖而出，从而有助于RBV。我们讨论了对发展中国家的政策制定者、投资者和当地企业家的影响。

引用次数: 0

Driving business performance through green procurement policy: The power of supply chain information sharing for robust supply chain 通过绿色采购政策推动企业绩效：供应链信息共享对健全供应链的作用

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-12 DOI: 10.1016/j.technovation.2025.103358

Varun Chotia , Mahak Sharma , Rsha Alghafes , Steven T. Walsh

Few researchers seek to understand how firms can drive business performance through green procurement policy. Fewer still embrace the power of supply chain information sharing for robust supply chain management. If this is so, then there is a cause for concern. Here, the researchers used SmartPLS4 for data analysis and model testing, utilizing the mediating effects of supply chain resilience and supply chain robustness in the relationship between green procurement policy and business performance. The researchers found a positive association between supply chain information sharing, entrepreneurial orientation proactiveness, and green procurement policy. The results signify that supply chain resilience and supply chain robustness mediate the constructive association between green procurement policy and business performance. Our findings have practical implications where firms can promote information flow, foster proactive entrepreneurship, and enhance supply chains’ resilience and robustness to support green procurement strategies. By integrating these insights into their strategy, businesses can gain a competitive advantage in the global market while fulfilling their regulatory requirements and stakeholder expectations. Our research is the first to examine the mediating role of supply chain resilience and supply chain robustness in ensuring the impact of green procurement policy on enhancing business performance.

很少有研究者试图了解企业如何通过绿色采购政策来推动企业绩效。更少的人接受供应链信息共享对健全供应链管理的力量。如果是这样的话，我们就有理由担心了。本研究利用SmartPLS4进行数据分析和模型检验，利用供应链弹性和供应链稳健性在绿色采购政策与企业绩效关系中的中介作用。研究发现，供应链信息共享、创业导向主动性与绿色采购政策之间存在正相关关系。结果表明，供应链弹性和供应链稳健性在绿色采购政策与企业绩效的建设性关联中起中介作用。我们的研究结果具有实际意义，企业可以促进信息流，培养主动创业精神，增强供应链的弹性和稳健性，以支持绿色采购战略。通过将这些见解整合到他们的战略中，企业可以在满足监管要求和利益相关者期望的同时，在全球市场上获得竞争优势。我们的研究首次考察了供应链弹性和供应链稳健性在确保绿色采购政策对提高企业绩效的影响方面的中介作用。

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引用次数: 0

3D printing technologies and innovation performance. An agile manufacturing theory perspective 3D打印技术与创新表现。敏捷制造理论视角

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-08-27 DOI: 10.1016/j.technovation.2025.103347

Sher Jahan Khan , Norah Albishri , Aradhana Galgotia , Armando Papa

Academic research on 3D printing has largely focussed on its engineering and operations aspects, with few exploring dimensions related to individual firms and the aggregate economy. Although frequently touted as a transformative technology that drives innovation, little consideration has been given as to how it can enhance operational efficiency. To address this gap, this study explores how manufacturing agility and product innovation are derived from 3D printing to enhance operational performance. Using the Agile Manufacturing Theory (AMT) the current paper explores the mediating roles of organizational agility and new product creativity particularly between ease of use, mass customization, and operational performance. A quantitative approach was employed in which 208 middle and senior managers participated, and their data was analyzed via PLS-SEM to examine direct and indirect effects. Results reveal that ease of use and mass customization enhance operational performance through the mediating role of organizational agility and new product creativity. Agility responds to changes in the market, and creativity drives new product development, extracting the maximum operational benefits of 3D printing. Our findings suggest that while the disruptive technologies offer tremendous opportunities, firms must maintain an acute focus on integrating agility with creative mindsets to transform opportunities into tangible outcomes. These findings have significant implications for researchers and practitioners alike.

关于3D打印的学术研究主要集中在其工程和操作方面，很少探索与个体公司和整体经济相关的维度。虽然经常被吹捧为推动创新的变革性技术，但很少考虑如何提高运营效率。为了解决这一差距，本研究探讨了如何从3D打印中获得制造敏捷性和产品创新，以提高运营绩效。本文运用敏捷制造理论（AMT）探讨了组织敏捷性和新产品创造力的中介作用，特别是在易用性、大规模定制和运营绩效之间。采用定量分析的方法，对208名中高层管理人员的数据进行PLS-SEM分析，以检验直接和间接影响。结果表明，易用性和大规模定制通过组织敏捷性和新产品创造力的中介作用提升了运营绩效。敏捷响应市场变化，创造力推动新产品开发，提取3D打印的最大运营效益。我们的研究结果表明，虽然颠覆性技术提供了巨大的机会，但企业必须保持敏锐的注意力，将敏捷性与创造性思维结合起来，将机会转化为切实的成果。这些发现对研究人员和从业人员都具有重要意义。

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引用次数: 0

To explore or exploit for legitimacy: The effect of retail investor environmental concern on corporate green technological innovation 探索或利用合法性：散户投资者的环境关注对企业绿色技术创新的影响

IF 10.9 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation

Pub Date : 2026-01-01 Epub Date: 2025-09-08 DOI: 10.1016/j.technovation.2025.103359

Yanmin Shao , Kunliang Xu , Xunpeng Shi

This study examines the impact of retail investor environmental concern (RIEC) on corporate exploratory and exploitative green technological innovation (GTI) within a theoretical underpinning centred on organisational legitimacy. The study posits that firms encountering an increased RIEC will encounter heightened environmental legitimacy pressure, facilitating their GTI participation. The cost-effectiveness of gaining legitimacy and the significance of breakthrough outcomes in proving environmental governance determination may lead firms to participate in both exploitative and exploratory GTI. Moreover, firms in competitive industries are anticipated to be more sensitive to legitimacy pressure from RIEC, thereby participating more in GTI. This study further argues that exploratory GTI holds greater potential in proving legitimacy and distinguishing firms from competitors. Thus, the impact of industry competitive intensity is more pronounced in enhancing the association between RIEC and exploratory GTI instead of exploitative GTI. Utilising a sample of 995 firms listed on the Chinese A-share market during 2010–2022, this study proposes a text-based measure of RIEC and validates the above conjecture. The findings provide valuable implications for stakeholders seeking to utilise RIEC in managing corporate GTI.

本研究以组织合法性为理论基础，探讨了散户投资者环境关注（RIEC）对企业探索性和剥削性绿色技术创新（GTI）的影响。该研究认为，企业面临的RIEC增加将面临更高的环境合法性压力，从而促进其参与GTI。获得合法性的成本效益和证明环境治理决心的突破性成果的重要性可能导致企业参与剥削性和探索性GTI。此外，预计竞争行业的公司对RIEC的合法性压力更敏感，从而更多地参与GTI。本研究进一步认为，探索性GTI在证明合法性和区分企业与竞争对手方面具有更大的潜力。因此，产业竞争强度的影响更明显地增强了RIEC与探索性GTI之间的联系，而不是开发性GTI。本研究以2010-2022年中国a股995家上市公司为样本，提出了一种基于文本的RIEC度量方法，并验证了上述猜想。研究结果为寻求利用RIEC管理公司GTI的利益相关者提供了有价值的启示。

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引用次数: 0