ORIGINAL RESEARCH
Research on the Evolution Game
of Collaborative Innovation of Government-
Finance-Enterprise Green Technology from
the Perspective of Incentive Mechanism
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1
School of Business Administration, Northeastern University, Shenyang, China
2
Agricultural Development Bank of China Liaoning Branch, Shenyang, China
3
Office of Human Resources, Shenyang Polytechnic College, Shenyang, China
4
School of Management, Shenyang University of Technology, Shenyang, China
Submission date: 2024-01-17
Final revision date: 2024-02-06
Acceptance date: 2024-02-20
Online publication date: 2024-05-20
Publication date: 2024-07-25
Corresponding author
Xuanhu Yang
School of Management, Shenyang University of Technology, Shenyang, China
Pol. J. Environ. Stud. 2024;33(6):6267-6280
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ABSTRACT
To realize green, low-carbon, and high-quality development, scientific and technological innovation
is the key, but green technological innovation is costly and risky, and the effectiveness of single-principle
innovation is very low. The green technology innovation ecosystem led by the government, supported
by financial institutions, and with enterprises as the main body of innovation can provide policy
leadership, financial guarantee, and technical support for green technology innovation, share the risk of
green technology innovation on a single subject, and promote the rapid generation of green science and
technology innovation results and their transformation into benefits. However, the stability of the system
platform is constrained by the influence of a variety of factors, in order to promote the development of
green technological innovation and to ensure the stable development of the system, this paper explores
the government, financial institutions and enterprises tripartite green science and technology innovation
system, establishes the tripartite evolutionary game model, and adopts numerical simulation methods
to carry out the stability analysis of the system, and the results of the study show that: (1) the stability
of government, financial institutions and enterprises of green science and technology co-innovation is
subsidized by the government’s policy guidance, innovation benefits, high-end greenness of technology,
technology spillover and other factors,strong governmental guidance on the willingness of financial
institutions and enterprises to cooperate; (2) financial institutions synergistic strategy is susceptible
to external factors, financial institutions subsidies to enterprises should be assessed according to the
benefits of technology, degree of difficulty and the ability of enterprises; (3) the greener and higher-end technological innovations, the more the main body of each party will protect the technology, the higher
the exit cost, the higher the synergistic innovation bundles; (4) the risk of green technology spillover
risk is high and has a greater impact on the stability of collaborative innovation, the government should
establish corresponding laws and regulations to protect intellectual property right.