Government certified environmental labels and trade credit: Evidence from green factories

Panni Li, Shouyu Yao, Lin Fan, Shihao Yin and Huibin Du

Economics Letters, 2024, vol. 244, issue C

Abstract: Using novel data from a manually collected green factory list, our results show government-certified labels significantly enhance trade credits by reducing information asymmetry. Heterogeneity analysis reveals stronger effects in highly monopolized, low-reputation markets, where green certification provides a competitive advantage.

Keywords: Government certification; Green factory; Trade credit; Information asymmetry (search for similar items in EconPapers)
JEL-codes: G3 Q2 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004920

DOI: 10.1016/j.econlet.2024.112008

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