The impact of public procurement on the adoption of circular economy practices

IF 6.8 2区 管理学 Q1 MANAGEMENT
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引用次数: 0

Abstract

In recent years, the circular economy (CE) has drawn considerable attention from both academia and industry alike, with public procurement emerging as a widely adopted public policy tool for achieving economic goals and sustainable social development. However, the impact of public procurement on firms’ adoption of the CE and the mechanism affecting this relation are not fully understood. By analyzing a sample of Chinese listed firms from 2010 to 2020 based on logit regression models, we find that supplier firms engaging in public procurement are more likely to adopt CE practices. In addition, we find that an increase in firms’ market power weakens the positive effect of public procurement on CE adoption, whereas government attention and institutional ownership strengthen this effect. Furthermore, we distinguish between local governments and the Chinese central government as buyers and find that local governments play a more significant role in promoting CE adoption than the central government. This study provides the first empirical evidence of the relation between public procurement and CE adoption and identifies the mechanism by which public procurement affects CE adoption.

公共采购对采用循环经济做法的影响
近年来,循环经济(CE)引起了学术界和产业界的广泛关注,公共采购也成为实现经济目标和社会可持续发展的公共政策工具。然而,政府采购对企业采用循环经济的影响以及影响这种关系的机制尚未完全明了。通过基于对数回归模型对 2010-2020 年中国上市公司样本的分析,我们发现参与政府采购的供应商企业更有可能采用行政首长问责制。此外,我们还发现,企业市场力量的增强会削弱政府采购对企业采用行政首长制的积极影响,而政府关注和机构所有权则会增强这种影响。此外,我们还区分了地方政府和作为购买者的中国中央政府,并发现地方政府比中央政府在促进采用行政首长问责制方面发挥着更重要的作用。本研究首次提供了公共采购与行政首长采纳之间关系的实证证据,并确定了公共采购影响行政首长采纳的机制。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
10.30
自引率
18.00%
发文量
31
审稿时长
70 days
期刊介绍: The mission of the Journal of Purchasing & Supply Management is to publish original, high-quality research within the field of purchasing and supply management (PSM). Articles should have a significant impact on PSM theory and practice. The Journal ensures that high quality research is collected and disseminated widely to both academics and practitioners, and provides a forum for debate. It covers all subjects relating to the purchase and supply of goods and services in industry, commerce, local, national, and regional government, health and transportation.
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