The construction sector plays an important role in environmental sustainable development and the green economy. Green technology innovation in the construction sector can improve the energy, cost, and environmental performance of the industry. The lagging effects of influential factors for green technology innovation have yet to be fully understood. This study aims to explore the process of green technology innovation in large construction companies based on the innovation value chain theory and through a system dynamics (SD) approach. The results revealed the dynamic interaction between various influencing factors of green technology innovation in the construction industry. The effects of different knowledge bases and market shares show heterogeneity when the influencing factors are considered as an integrated system. The study helps researchers and practitioners gain a better understanding of the nature of green technology innovation from a systematic view. Suggestions are provided for decision-makers and practitioners to better manage green technology innovation.
Keywords: Green technology; Innovation; Large construction companies; Sustainability; System dynamics.
© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.