Government green procurement policies and corporate green total factor productivity

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.