IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v197y2025ics0148296325002516.html
   My bibliography  Save this article

Does green product certification affect corporate total factor productivity? Evidence from China

Author

Listed:
  • Zhang, Liming
  • Liu, Yaxuan
  • Sun, Helin

Abstract

Since 2015, China has implemented the Green Product Certification (GPC) program based on green production principles. This study examines the impact of GPC on corporate total factor productivity, with a specific focus on energy conservation, emission reduction, and brand effect. Using the panel data of Chinese listed companies from 2015 to 2022, we assess the effect of GPC on firm-level total factor productivity. The results indicate that participation in GPC significantly enhance total factor productivity, especially for firms with higher R&D investment and government subsidies. Robustness tests confirm these results. This study provides both theoretical and empirical support for the effectiveness of GPC at the firm level, contributing to the literature on the impacts of voluntary environmental regulation. From a policy perspective, we underscore the importance of GPC in environmental governance and recommend that policymakers strengthen GPC standards and procedures, expanding its implementation both nationally and internationally.

Suggested Citation

  • Zhang, Liming & Liu, Yaxuan & Sun, Helin, 2025. "Does green product certification affect corporate total factor productivity? Evidence from China," Journal of Business Research, Elsevier, vol. 197(C).
    • Handle: RePEc:eee:jbrese:v:197:y:2025:i:c:s0148296325002516
    DOI: 10.1016/j.jbusres.2025.115428
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296325002516
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbusres.2025.115428?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:197:y:2025:i:c:s0148296325002516. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.