Corporate transaction costs and corporate green total factor productivity

Shijun Zhang, Meng Zhang and Shouwei Meng

Finance Research Letters, 2024, vol. 61, issue C

Abstract: Enhanced corporate green total factor productivity reflects a shift in business focus towards sustainable growth and lighter environmental impact, contributing to societal prosperity. This paper constructs an empirical econometric model to examine the relationship between corporate transaction costs and green total factor productivity. The results show that excessive corporate transaction costs significantly inhibit the improvement of green total factor productivity. Heterogeneity analysis indicates that the inhibitory effect of corporate transaction costs on the improvement of green total factor productivity is more pronounced in non-state-owned enterprises and firms with higher financing constraints.

Keywords: Corporate transaction cost; Green total factor productivity (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324000710
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:61:y:2024:i:c:s1544612324000710

DOI: 10.1016/j.frl.2024.105041

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().