Research on green innovation efficiency of listedchinese energy companies based on triple bottom line

Abstract

This paper, based on the panel data, measures the comprehensive efficiency of green innovation, the economic output efficiency of green innovation, the social output efficiency of green innovation, and the environmental output efficiency of green innovation of listed energy companies in China by means of the window DEA model from the perspective of the triple bottom line. Moreover, the impacts of environmental factors and random factors on the green innovation efficiency are analyzed. It is found that firstly, green innovation efficiency of listed Chinese energy companies shows a V-shaped change trend without excluding environmental factors and random factors. Secondly, environmental factors and random factors are the primary factors to promote the green innovation efficiency of energy listed companies in China. Finally, after removing the interference of environmental factors and random factors, comprehensive efficiency of green innovation of the listed energy companies in China is relatively high and the distribution is relatively concentrated, but there is a downward trend during the research period.