Green manufacturing and corporate ESG performance
Quasi-natural experiments in green factory certification policy
Bibliographic Data
| ID | 17600365 |
|---|---|
| Authors | Jia Liu (0000-0002-9209-1215, Jiangxi University of Finance and Economics, corresponding author), Baoliu Liu (0000-0001-7392-9708, Tianjin University of Commerce) |
| Year | 2025 |
| Publication date | 2025-12-30 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Science and Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0302-3427 • E-ISSN: 1471-5430 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/scipol/scaf099 |
| OpenAlex | W7126223891 |
| Language | EN |
| References cited | 36 |
This study focuses on the effects of China’s green factory recognition policy on corporate environmental, social, and governance (ESG) disclosure and its role in curbing greenwashing behaviour. By constructing a multiperiod double-difference model with the unbalanced panel data of China’s Shanghai and Shenzhen A-share listed companies from 2007 to 2022 and using the green factory recognition policy implemented in China from 2017 to 2022 as a policy intervention, we research the relationship between the policy implementation and enterprises' ESG ratings and comprehensively analyse its potential inhibitory influence on greenwashing behaviour. Results show that the implementation of the green factory recognition policy considerably enhances firms’ ESG ratings, and the policy works through mechanisms, such as promoting green technology innovation, enhancing media attention, and reducing credit costs. The implementation of the policy also effectively inhibits the greenwashing behaviour of enterprises. Heterogeneity analysis further reveals the different response effects of ownership structure, industry attributes, and firm life cycle stages on the influence of this policy. Our study provides new evidence and has reference value for the implementation of voluntary ESG policies and the construction of green manufacturing systems
Certification · China · Corporate governance · Environmental policy · Greenwashing · Panel data · Energy, Environment, Economic Growth · Environmental Sustainability in Business · Sustainable Supply Chain Management
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The effect of urban innovation performance of smart city construction policies
Institutional investors ownership concentration and its effect on disclosure and transparency of United Nations sustainable development goals
Unlocking Carbon Reduction Potential of Digital Trade
| Citation velocity | historical |
|---|---|
| Highly cited | No |