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How does green supply chain management influence corporate total factor productivity——Evidence from a quasi-natural experiment

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  • Liu, Ying
  • Mbanyele, William
  • Wang, Fengrong
  • Zhang, Linbo
  • Huang, Hongyun

Abstract

In efforts toward high-quality economic development, a rigorous examination of the role of green supply chain management (GSCM) in enhancing total factor productivity (TFP) is critical for balancing economic growth with environmental sustainability. This study investigates the impact of GSCM on corporate TFP, utilizing data from publicly listed Chinese manufacturing companies spanning 2012 to 2023. The results show that GSCM significantly boosts corporate TFP, through three potential channels: improving market position, upgrading human capital, and promoting technological progress. Furthermore, our findings highlight that GSCM's effect on TFP is more pronounced in highly competitive industries and companies with lower labor allocation efficiency. The positive impact is further amplified in environments with strong intellectual property protection, underscoring the role of government policy in facilitating these benefits. Additionally, GSCM promotes social benefits by facilitating corporate ESG engagements and has an industry herding effect as it encourages peer companies to pursue green transformation. This research provides fresh insights into the benefits of developing a modern green supply chain system that addresses the climate goals while also advancing high-quality economic development.

Suggested Citation

  • Liu, Ying & Mbanyele, William & Wang, Fengrong & Zhang, Linbo & Huang, Hongyun, 2025. "How does green supply chain management influence corporate total factor productivity——Evidence from a quasi-natural experiment," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 57-82.
    • Handle: RePEc:eee:ecanpo:v:87:y:2025:i:c:p:57-82
    DOI: 10.1016/j.eap.2025.05.057
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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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