Evaluating Green Environmental Performance Through Multi-Stakeholder Governance: A Comparative Analysis of NCA and fsQCA in the New Energy Vehicle Industry

The emphasis on green development in China underscores the critical role of green environmental performance in achieving sustainability. This study introduces a multi-stakeholder governance perspective to evaluate enterprises’ green environmental performance, utilizing a framework with five factors categorized into firm, government, and societal dimensions. Employing a combination of Necessary Condition Analysis (NCA) and Fuzzy Set Qualitative Comparative Analysis (fsQCA), it investigates specific conditions enhancing green environmental performance in new energy vehicle enterprises, drawing on a sample of 49 companies in 2021. Results indicate that high levels of green environmental performance are influenced by multiple factors, including incentives, pressures, resources, and media attention. Additionally, the study identifies a potential complementary relationship between government subsidies and green technology innovation in driving high-level green environmental performance, subject to specific conditions. These findings contribute to our understanding of corporate green environmental performance and provide practical implications for fostering sustainability in the new energy vehicle industry.