Government Procurement and Corporate Environmental Policies
研究发现，作为客户的政府能显著降低供应商的有毒污染排放，企业通过加强内部环境治理和增加污染治理投资来实现减排，凸显了政府在约束企业环境不当行为中的重要作用。
Abstract We investigate how the government, as a customer, affects a supplier’s environmental policies. We find that government contractors have significantly lower levels of toxic pollution. Exploring the mechanisms, we show that government contractors reduce pollution by strengthening internal environmental governance and increasing investments in pollution abatement. Further analysis rules out alternative explanations related to reduced economic activities and financial constraints. Overall, our results highlight the government’s important role in disciplining corporate environmental misbehavior.