Inspection supervision and corporate green total factor productivity

•Inspection supervision can significantly improve the green total factor productivity of enterprises.•The promotion effect is mainly concentrated in large-scale enterprises.•The promotion effect is mainly concentrated in enterprises with better institutional environments. This study takes the state-...

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Bibliographic Details
Published in:Finance research letters 2024-09, Vol.67, p.105805, Article 105805
Main Authors: Zhan, Yunqiu, Wang, Wei, Ren, Yuheng
Format: Article
Language:English
Subjects:
Corporate green total factor productivity
Inspection supervision
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Summary:•Inspection supervision can significantly improve the green total factor productivity of enterprises.•The promotion effect is mainly concentrated in large-scale enterprises.•The promotion effect is mainly concentrated in enterprises with better institutional environments. This study takes the state-owned listed companies in China's capital market as the research object and empirically tests the relation between inspection supervision and corporate green total factor productivity (GTFP). Research results indicate that inspection supervision can considerably improve enterprise GTFP. Heterogeneity analysis results show that the promotion effect of inspection supervision on corporate GTFP is primarily concentrated within large-scale enterprises and those with better institutional environments. The findings offer guidance for governmental policies and strategies to enhance and sustain inspection supervision practices.
ISSN:1544-6123
DOI:10.1016/j.frl.2024.105805