International Journal of Research Studies in Management
CollabWritive Special Issue
2024 Volume 12 Issue 5
Available Online: 15 June 2024
Author/s:
Guan, Hai Zhong
Graduate School, Lyceum of the Philippines University – Batangas, Philippines
Abstract:
This study aimed to determine the impact of innovation investment on business growth of environmental protection companies in China to increase its core competitiveness. Specifically, it aimed to determine the impact of innovation investment in environmental protection companies in terms of human resource, technology, and capital investment; assess the environmental protection companies’ business growth in terms of customer growth, operational and financial growth; test the significant relationship between innovation investment and business growth; come up with Action Plan for environmental protection companies in China to increase its core competitiveness. This study used the descriptive type of research and there were 200 respondents who answered the survey represented by officers from environmental protection industry of different companies and scales. The study showed that the innovation investment in environmental protection companies have high impact to human resource and technology investment and only moderate impact in capital investment. The environmental protection companies’ business growth is high in customer and operational and moderate in financial growth. Also, there is highly significant relationship between innovation investment and environmental protection companies’ business growth. A plan of action to improve the core competencies of environmental protection companies was proposed towards the end of the study.
Keywords: innovation investment, business growth, environmental protection, companies in China
DOI: https://doi.org/10.5861/ijrsm.2024.1070
Cite this article:
Guan, H. Z. (2024). Impact of innovation investment on business growth of environmental protection companies in China. International Journal of Research Studies in Management, 12(5), 129-134. https://doi.org/10.5861/ijrsm.2024.1070