Study on the Impact of Government Procurement on Enterprises’ New Quality Productivity

政府采购作为政府在需求端的市场化扶持手段引起了学界广泛关注。本文选取2015至2023年间沪深A股上市企业为研究对象，实证检验了政府采购对企业新质生产力的影响。研究发现，政府采购能够提高企业新质生产力。机制检验表明，政府采购通过缓解融资约束以及降低信息不透明度进而提高企业新质生产力，且上述作用在非国有企业，以及处于非成熟期的企业中更加显著。Government procurement, as a market-oriented support instrument on the demand side, has attracted widespread attention in academic circles. This paper selects A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2015 to 2023 as the research sample to empirically examine the impact of government procurement on firms’ new quality productive forces. The study finds that government procurement can enhance firms’ new quality productive forces. Mechanism tests indicate that government procurement improves these productive forces by alleviating financing constraints and reducing information asymmetry. Moreover, the positive effects are more pronounced in non-state-owned enterprises and firms that are not in their mature stages.