Government green procurement policies and corporate green total factor productivity

Zhaoting Zhang and Lei Zhang

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This paper empirically examines the impact of government green procurement policies on corporate green total factor productivity, based on the context of China's capital market. By constructing a difference-in-differences model, the empirical results indicate that government green procurement policies significantly enhance corporate green total factor productivity. The conclusions remain valid after a series of robustness tests. Heterogeneity analysis reveals that the positive impact of government green procurement policies on corporate green total factor productivity is more pronounced in non-state-owned enterprises and companies in regions with lower levels of marketization.

Keywords: Government green procurement policy; Corporate green total factor productivity (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005865

DOI: 10.1016/j.frl.2024.105556

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