Tang Liang, Zhao Hengkai, Zhou Zhuofan, Qian Zixi, Hou Shanshan, Liu Bo
School of Business, Fuyang Normal University, Qinghe Road, Fuyang, PR China.
School of Business, Fuyang Normal University, Qinghe Road, Fuyang, PR China.
Eval Program Plann. 2025 Aug;111:102592. doi: 10.1016/j.evalprogplan.2025.102592. Epub 2025 Mar 26.
Examining the impact of public procurement mechanism government procurement systems on corporate green technology innovation from a demand-side perspective has become a critical issue for encouraging green innovation in enterprises. Using empirical data from Shanghai and Shenzhen A-share listed companies from 2015 to 2023, this study employs a dual fixed-effect model to test the effects of government purchase behavior on green technology innovation. The findings indicate that government procurement significantly promotes green technology innovation in enterprises. Mechanism analysis reveals that public procurement activity fosters green technology innovation by easing financing constraints, strengthening market competitiveness, improving ESG quality and goodwill image. The heterogeneity analysis indicates that the incentive effect of this system is particularly pronounced among enterprises with weak internal controls, state-owned enterprises, and low-growth enterprises. Further research indicates that executive myopia diminishes the innovation-driven impact of government procurement. This study contributes a novel perspective on how government procurement can enhance enterprises' green technology innovation. Additionally, the findings reveal that executive myopia serves as a negative moderating factor in this process.
从需求侧视角审视公共采购机制（政府采购制度）对企业绿色技术创新的影响，已成为鼓励企业绿色创新的关键问题。本研究利用2015年至2023年上海和深圳A股上市公司的实证数据，采用双重固定效应模型来检验政府采购行为对绿色技术创新的影响。研究结果表明，政府采购显著促进了企业的绿色技术创新。机制分析显示，公共采购活动通过缓解融资约束、增强市场竞争力、提高ESG质量和商誉形象来推动绿色技术创新。异质性分析表明，该制度的激励效应在内部控制薄弱的企业、国有企业和低增长企业中尤为显著。进一步研究表明，高管短视削弱了政府采购的创新驱动影响。本研究为政府采购如何促进企业绿色技术创新提供了全新视角。此外，研究结果表明高管短视在这一过程中起到了负向调节作用。
