Guiding corporate green sustainable development: insights from green public procurement

Shaoxing Sun, Tao Guo () and Shaopeng Zhang ()
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Shaoxing Sun: Harbin Engineering University
Tao Guo: Harbin Engineering University
Shaopeng Zhang: Northeast Forestry University

Economic Change and Restructuring, 2025, vol. 58, issue 4, No 8, 22 pages

Abstract: Abstract Based on the micro-data from listed companies in China, we adopt the fixed effects model, machine learning algorithms, and causal mediation model to explore the relationship between green public procurement (GPP) and green sustainable development (GSD) of enterprises. We show that (1) GPP has a promoting influence on GSD, and it is verified by a series of robustness checks; (2) GPP promotes GSD by enhancing the green innovation and ESG performance; (3) GPP plays a positive role on GSD of non-state-owned enterprises, industrial enterprises and politically connected enterprises. Our study can provide theoretical and practical implications for governments to make the policy of green procurement and promote enterprises to achieve green sustainable development.

Keywords: Green public procurement; Corporate green sustainable development; Green innovation; ESG performance (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s10644-025-09900-4

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