RESEARCH ON THE INFLUENCE OF STATE-OWNED CAPITAL PARTICIPATION ON GREEN TECHNOLOGY INNOVATION OF PRIVATE ENTERPRISES

In recent years, China's economy and society have achieved leapfrog development, but at the same time, it has brought about problems such as waste of resources and deterioration of environmental quality, which have seriously affected human health and sustainable economic development. Seek the road of green development, promote the green and low-carbon transformation of economic development, and realize the double benefits of economy and environment. As the main force to promote Chinese-style modernization, private enterprises still have the dual dilemma of insufficient consciousness, motivation, and ability. Based on this, this paper selects China's A-share private listed companies from 2013 to 2022 as samples to study the impact of state-owned capital participation on the green innovation of private enterprises. It is found that the participation of state-owned capital can significantly promote the green innovation of private enterprises, improve the level of green innovation of private enterprises, and improve their sustainable development ability. The participation of state-owned capital further promotes the breakthrough and application of green technology in private enterprises by acting on the green innovation consciousness of private enterprises. Specifically, the participation of state-owned capital effectively improves the awareness of green innovation of private enterprises by enhancing the level of external supervision and transparency of governance. This paper has enriched the relevant research on the economic consequences of mixed ownership reform and green innovation behavior of private enterprises, discussed the mechanism of state-owned capital participation affecting green technology innovation of private enterprises, provided empirical data for the realization of green technology innovation, and also helped private enterprises to achieve high-quality sustainable development.