How does voluntary environmental regulation affect firm export performance? Evidence from the green factory identification in China
自主的環境規制は企業の輸出パフォーマンスにどのように影響するか？中国のグリーンファクトリー認証からのエビデンス (AI 翻訳)
Rumeng Rao, Xiuxiang Li, Yuxin Pan
🤖 gxceed AI 要約
日本語
本研究は、中国のグリーンファクトリー認証（GFI）が企業の輸出パフォーマンスに与える影響を、2008～2023年の上場製造企業のパネルデータと多期間DIDモデルを用いて分析。GFIは輸出を有意に促進し、その経路として技術革新、資源配分の最適化、企業の評判向上が特定された。国内企業や非重汚染産業で効果が顕著。
English
This study examines the impact of China's Green Factory Identification (GFI) on firm export performance using panel data of A-share listed manufacturing firms from 2008 to 2023 and a multi-period DID model. GFI significantly enhances exports through technological innovation, resource allocation optimization, and corporate reputation. Effects are stronger for domestic firms, non-heavy polluting industries, and capital-intensive industries.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国のグリーンファクトリー認証は日本のグリーン経営認証やエコアクション21に類似。日本企業の輸出競争力と環境規制の関係を考察する上で参考になるが、中国特有の政策文脈に注意。
In the global GX context
This paper provides empirical evidence on how voluntary environmental regulation (green certification) can enhance export performance, relevant to global discussions on trade and sustainability. It offers insights for policymakers designing green industrial policies that also boost competitiveness.
👥 読者別の含意
🔬研究者:Provides a quasi-experimental framework for evaluating green certification impacts on trade, useful for environmental economics and international business scholars.
🏢実務担当者:Highlights that green factory certification can improve export performance, encouraging firms to pursue such certifications for market access.
🏛政策担当者:Demonstrates that voluntary environmental regulation can be a win-win for environment and trade, informing policy design in emerging economies.
📄 Abstract（原文）
Purpose Against the backdrop of a global shift toward low-carbon development, this study aims to examine how green transformation in the manufacturing industry affects firm export performance (FEP). Design/methodology/approach The Green Factory Identification (GFI) is a critical policy mechanism that facilitates corporate environmental transition through standardized certification processes. Leveraging the implementation of GFI as a quasi-natural experiment, this study uses panel data on Chinese A-share listed manufacturing firms from 2008 to 2023 and uses a multi-period difference-in-differences (multi-period DID) model to evaluate the impact of GFI on FEP and its transmission channels. Findings The empirical results show that GFI significantly enhances FEP, and the reliability of the findings is demonstrated. Heterogeneity analysis reveals significantly stronger GFI policy effects on FEP among domestic enterprises, nonheavily polluting industries and capital-intensive industries. Mechanism analysis reveals that GFI promotes FEP through three primary channels: fostering technological innovation, optimizing resource allocation and enhancing corporate reputation. Common institutional ownership also plays a positive moderating role. Originality/value As global sustainability agendas advance, environmental institutional factors increasingly shape corporate behavior. In this context, this paper evaluates the micro effects of green manufacturing, expanding the research paradigm of its environmental impact. It also broadens the theoretical explanation of export behavior from an institutional perspective, providing a new analytical framework and empirical evidence for exploring the sustainable international competitiveness of firms.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1108/ijccsm-06-2025-0167first seen 2026-05-05 19:07:47
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