Contemporary Finance & Economics ›› 2024, Vol. 0 ›› Issue (3): 124-138.

• Industry & Trade • Previous Articles     Next Articles

Opening up of Producer Services and Green Development of Manufacturing Enterprises

ZHAO Chun-ming1, LIU Shan-shan1, LI Zhen2   

  1. 1. Beijing Normal University, Beijing 100875;
    2. Beijing University of Posts and Telecommunications, Beijing 100876, China
  • Received:2023-06-13 Revised:2023-11-04 Online:2024-03-15 Published:2024-03-04

Abstract: Promoting high-level opening up and green development is an important goal of China’s high-quality economic development. Based on the matching data of the China Industrial Enterprise Database and the Pollution Emission Database, this paper theoretically analyzes and empirically examines the relationship between the openness of the producer service industry and the green development of enterprises. The findings show that the opening up of the producer service industry will significantly reduce the pollution emission intensity of enterprisesand promote the green development of enterprises. The analysis of the influencing mechanism shows that improving the end governance capacity and management efficiency of enterprises are two important ways for the opening up of producer services to promote the green development of enterprises. The heterogeneity analysis shows that the effect of opening up the producer service industry on reducing corporate pollution emissions is more prominent in the industries with higher pollution intensity, and a stronger effect can be seen on improving the environmental performance of the enterprises with higher financing constraints and higher energy consumption. In addition, the opening up of the producer service industry has a greater impact on the emission reduction effect in areas with a higher level of co-aggregation of the manufacturing and service industries. Further research reveals that the opening up of the producer service industry is not only conducive to the dynamic replacement of the entry of low-pollution emission intensity enterprises and the exit of high-pollution emission intensity enterprises in the industry, it will also help realize green technology innovation, green product innovation, energy utilization efficiency improvement and energy input structure optimization of manufacturing enterprises. In the future, the government needs to rationally formulate and implement step-by-step opening policies for the service industry, optimize the spatial layout of regional service and manufacturing industries, guide the embedded integration of producer services industry and manufacturing industry, and empower the green production and green innovation development of the manufacturing industry.

Key words: producer services, enterprise pollution emissions, manufacturing firms, green development

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