RESEARCH ON THE INFLUENCING FACTORS OF INNOVATION PERFORMANCE MANAGEMENT IN CHINESE NEW ENERGY ENTERPRISES

Abstract

This study proposes an analytical framework that combines Schumpeter's innovation theory, open innovation theory, and risk management theory. Global energy challenges and crises: Zou et.al (2016) In the 21st century, the world is standing at a crossroads of energy transformation, facing unprecedented energy challenges.  The core of this challenge lies in the limitations of traditional fossil fuels, the severity of environmental pollution, and the fragility of energy security.  It uses a mixed-methods approach, including Structural Equation Modeling (SEM) and qualitative interviews, to investigate the complex relationships between these factors. The research aims to understand how technological innovation, market dynamics, and policy changes influence a company's innovation performance. More importantly, it seeks to determine if risk management plays a crucial mediating role in this process. By integrating these theories and methods, the study provides a comprehensive look at how new energy firms can effectively navigate a volatile environment to achieve innovation and sustainable growth.

Research Objectives (1) To investigate how technological innovation, market changes, and policy evolution collectively influence innovation performance in rapidly growing new energy enterprises. (2) To explore the interactions between technological innovation, market changes, and policy adjustments in shaping corporate innovation outcomes during the expansion of new energy industries. (3) To determine whether risk management mediates the relationship among technological innovation, market dynamics, policy adjustments, and innovation performance in new energy enterprises. Scope of time started from August 2024 until July 2025. This study used a mixed-methods approach (quantitative analysis and qualitative interviews) to show that technological innovation, market changes, and policy adjustments significantly impact a firm's innovation performance in the new energy sector. The research found that enterprise risk management acts as a crucial mediating factor in this relationship.

The findings contribute to theory by establishing that a risk-oriented innovation strategy is a dynamic capability essential for firms to achieve innovation resilience in volatile environments, particularly in emerging economies like China. This has practical implications for both business leaders and policymakers aiming to build robust innovation ecosystems.