Abstract: Under the background of the “Carbon Peaking and Carbon Neutrality Goals” and the development of New Quality Productive Forces, green transformation and upgrading of resource-based enterprises has become important keys to promote China’s path to modernization. Previous studies have mostly explored green transformation of manufacturing enterprises as a whole, lacking systematic characterization and in-depth analysis of the dynamic evolution process of resource-based enterprises’ green transformation driven by institutional logic. This study adopts a longitudinal single case study method to deeply analyze the internal formation mechanism of the evolution process of green transformation of resource-based enterprises, which is driven by institutional logic→resource action process→dynamic capability improvement→green transformation results. The research results indicate that: (1) resource-based enterprises have undergone a process of green transformation from “survival oriented” to “development oriented”. Government logic is the driving force behind the green transformation of resource-based enterprises, while market logic is the guiding foundation for the transformation. (2) Resource based enterprises strengthen dynamic capacity building through resource actions, deeply shaping and ultimately determining the effectiveness of green transformation through capacity building. (3) Resource based enterprises have successfully overcome the traditional productivity development model that relies heavily on resource inputs and high energy consumption during the transformation process, promoting the accelerated formation of new quality productivity. In summary, this study responds to the urgent need of the academic community for research on the green transformation and development of new quality productivity in small and medium-sized enterprises, providing a new theoretical perspective for the green transformation of local resource-based enterprises, and also providing beneficial management insights for the green transformation and upgrading of resource-based enterprises in China under the “Carbon Peaking and Carbon Neutrality Goals”.

Key words: private resource-based enterprises, green transformation, institutional logic, resource action, dynamic capability