Mixed Ownership Reform and Green Total Factor Productivity:Empirical Evidence Based on Key Surveys of Industrial Pollution Sources
After the 20th National Congress of the Communist Party of China,a new round of mixed ownership reform(MOR)started according to the different functional positioning of state-owned enterprises,and has become a hot topic in the current economic system reform and high-quality development because of its practical significance.Green total factor productivity(GTFP)is one of the important indicators of high-quality development.This paper combines and matches the database of China's industrial enterprises and the key survey database of China's industrial pollution sources,and uses the super-efficiency SBM-DDF model of non-expected output to calculate the GTFP of enterprises,which takes into account both efficiency and equity.This paper extends the research of MOR to the dual fields of economy and environment,and studies the impact of MOR of state-owned enterprises on enterprise GTFP based on the propensity score matching difference-in-differences method.The results show that MOR can improve the GTFP of state-owned enterprises,and the improvement is the greatest in the central region,technology-intensive industries,and regions with poor property rights system environments.At the same time,the effect of MOR in monopolistic industries is better than that in competitive industries,which is particularly evident in the eastern region,labor-intensive industries,and regions with better property rights system environments.In addition,foreign investment participation in MOR further stimulates the ability of enterprises to improve GTFP.This indicates that in future MORs,consideration should be given to the diversity of capital structures,focusing on monopolistic industries,and accelerating the reform process in various regions according to local conditions.
state-owned enterprise reformmixed ownershipgreen total factor productivityenvironmental responsibility of state-owned enterpriseskey survey of industrial pollution sources
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