How to Enhance Enterprises’ Radical Innovation Performance Through Multiple Pathways—A Machine Learning Analysis of SRDI Enterprises in China

Systems, Год журнала: 2025, Номер 13(3), С. 198 - 198

Опубликована: Март 12, 2025

Specialized, Refined, Differentiated, and Innovative (SRDI) enterprises are crucial to China’s economic development. It is important examine how various factors’ combinations impact the radical innovation performance of SRDI in order promote high-quality regional Based on Technology–Organization–Environment (TOE) framework, this study selected as research samples, used a hierarchical clustering algorithm divide into groups according characteristics enterprises, employed classification regression tree (CART) reveal complex nonlinear relationships between multiple key influencing factors from multi-source big data. The findings indicate that (1) there significant variations affecting different types enterprises; (2) stems synergistic interaction among factors; (3) R&D investment not simply linear. This effectively captures performance. great practical significance for revealing enterprises’ improvement pathways enhancing their capability.

Язык: Английский

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The Dual Impact of Sustainability Disclosure on Corporate Performance: An Empirical Analysis of Chinese Firms

Business Strategy and the Environment, Год журнала: 2025, Номер unknown

Опубликована: Май 3, 2025

ABSTRACT In recent years, the growing challenges posed by climate change have underscored importance of sustainability disclosure in corporate governance and investment strategies. This study examines dual effects disclosure, measured ESG scores, on performance through a moderated analysis. Using fixed‐effects model, analyzes data from 4943 Chinese firms between 2011 2021. The results indicate that has impact: It significantly negatively affects financial performance. Further analysis reveals these impacts are firm's capital structure size. Specifically, with high growth prospects (as indicated price‐to‐book ratio) experience enhanced market due to whereas highly leveraged may suffer losses. Additionally, positive effect is more pronounced medium‐sized firms, highlighting significant role firm size relationship By analyzing moderating this offers new insights into also proposes several policy recommendations, including integrating as core objective incentive mechanisms, promoting innovation compensation strategies, enhancing stakeholder engagement.

Язык: Английский

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Will ESG disclosure affect the green innovation level of SMEs?

Finance research letters, Год журнала: 2025, Номер unknown, С. 107656 - 107656

Опубликована: Май 1, 2025

Язык: Английский

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