A Study on the Efficiency of Green Technology Innovation in Listed Chinese Water Environment Treatment Companies

With the continuous advancement of the economy, the issues of resource scarcity and environmental damage are becoming increasingly severe. For example, in terms of water resources, the problems of environmental pollution and ecological imbalance in the water caused by industrial and agricultural wastewater are becoming more serious. In order to reduce water pollution, protect water resources, promote ecological balance, and reduce environmental risks, it is necessary to strengthen water environment management. This study uses the Malmquist DEA model to conduct a study on the green technology innovation efficiency (GTIE) of 24 water environment governance companies from 2019 to 2022. Corporate Research & Development investment and employee compensation are used as the input indicators, while the number of color patents obtained and operating income are employed as the output indicators. The evaluation criteria include pure technical efficiency, comprehensive technical efficiency, scale efficiency, and total factor productivity. The results show that there is significant room for improvement in the GTIE of the listed Chinese water environment governance enterprises, and there are considerable differences among different enterprises. The GTIE is significantly influenced by technological progress, the enterprise size, and the equity ratio. Therefore, water environment management enterprises should enhance their efforts in technological research and development and talent training, optimize resource allocation, improve the efficiency of green technology innovation, and effectively fulfill their social responsibilities. These measures will promote the efficient utilization of ecological water, the restoration of the water environment, and the establishment of a clean ecological environment.