政府绿色认证制度与企业绿色治理激励OA

Building a green manufacturing system is a key approach to achieving the"dual carbon"goals and promoting high-quality economic development in China.As the green factory project serves as a typical government green certification system and a core sup-porting unit of the green manufacturing system,studying the project can provide a theoretical basis and practical support with both prac-tical significance and academic value.This is essential for effectively motivating enterprises to deepen green governance and solve cur-rent problems such as tightening resource constraints and increasing environmental pressure.Specifically,using green factory certifica-tion as a quasi-natural experiment and combining the environmental and financial data of A-share listed enterprises from 2009 to 2023,this study explored the impact of the government green certification system on corporate green governance and its underlying mecha-nisms,and further addressed controversial issues regarding green factory projects.The results showed that:① Green factory certifica-tion had a significant positive promoting effect on corporate green governance performance,and this conclusion remained robust after a series of tests such as the parallel trends test,the placebo test,and the propensity score matching method.② Mechanism analysis re-vealed that technological optimization,efficiency improvement,and information disclosure effects were the core transmission paths through which green factory certification enhanced corporate green governance performance.③ Extended analysis found that as the number of certifications increased,the marginal improvement effect of green factory certification on corporate green governance perfor-mance decreased;enterprises that committed environmental violations after being certified exhibited lower green governance perfor-mance,whereas enterprises with"credit repair"issues showed higher green governance performance.④ Heterogeneity analysis indicat-ed that the promoting effect of green factory certification on corporate green governance performance was more pronounced in enterpris-es within heavy pollution industries,in the eastern region,and in areas with stricter environmental regulations.Based on these findings,this study proposes the following suggestions:leverage the exemplary role of green factory enterprises to encourage more enterprises to actively apply for green factory certification;strengthen dynamic supervision to ensure that enterprises continuously abide by evaluation standards and promote green governance;and enhance the innovation and industrial application of green technologies to improve enter-prises'green governance capabilities.