Research On The Impact Of Government Procurement On Green Technology Innovation Of Enterprises

Over the past 40 years of reform and opening up,China’s manufacturing industry has developed at a rapid pace,but at the same time,a large amount of economic resources have been consumed in the course of China’s rapid economic development,and the ecological environment has gradually deteriorated as a result.The manufacturing industry is mainly responsible for the deterioration of the environment,and the government and various industries have paid close attention to its pollution prevention and improvement of environmental quality.In order to balance the two,the Party and the State have formulated and promulgated a series of environmental policies and regulations,including command-based environmental regulations and marketbased environmental regulations,to accelerate the green transformation of China’s manufacturing industry,and the government procurement policy is an important exploration of the government’s market-regulated approach to support enterprises in green technological innovation.Government procurement policy provides stable support for enterprises’ funding sources,but is the manufacturing industry able to make the adjustment expected by the policy under the government procurement policy? And whether it can take the initiative to carry out green technological innovation when facing the government procurement policy to achieve the expected effect promulgated by the policy and make the enterprise transform and upgrade into a green enterprise is the focus of this paper.Based on this,this paper uses empirical data of all listed manufacturing enterprises from 2015-2020 and relevant data of government procurement,and adopts multiple regression models to explore the effect of government procurement policies on the level of green technological innovation in manufacturing industries,and verifies the moderating role played by executives’ participation in politics,so as to explore whether government procurement policies can be better implemented at the enterprise level.In the heterogeneity analysis,the heterogeneity of government procurement and green technology innovation levels are measured in different ways and the explanatory variables are regressed with a one-period lag as a robustness check for the paper.The empirical results show that(i)government procurement has a significant positive promoting effect on enterprises’ green technological innovation,and the larger the scale of government procurement,the more obvious the promoting effect on green innovation;(ii)government procurement promotes enterprises’ green technological innovation by alleviating their financing constraints;(iii)executive participation in politics plays a positive moderating role in the process of government procurement,and the higher the proportion of executives participating in politics,the greater the promoting effect of government procurement on enterprises’ green The higher the proportion of executives participating in politics,the greater the role of government procurement in promoting green technology innovation of enterprises.In the mechanism analysis,it is found that government procurement effectively improves the level of green technology innovation through the "leverage effect".In the analysis of patent type heterogeneity,the promotion effect of government procurement on green invention patents is more obvious than that of green utility model patents;in the analysis of regional heterogeneity,the promotion effect of government procurement on green technology innovation is more obvious in the eastern region than in the central and western regions.Possible contribution points of this paper: First,government procurement is used as a research perspective to explore the ways and influence effects of government participation in enterprises’ economic activities,which expands the influencing factors of enterprises’ green technological innovation.Second,it expands the literature on market-based environmental economic policies affecting corporate green technological innovation and provides a new perspective for objectively evaluating government procurement policies in a green direction.