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Government-led green supply chain demonstration and corporate maturity mismatch: Evidence from China

Author

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  • Liu, Muyan
  • Shen, Lu
  • Yan, Yuehan

Abstract

This paper employs a difference-in-differences methodology to examine the impact of government-led green supply chain management (GSCM) certification on corporate maturity mismatch. The results demonstrate that GSCM certification significantly alleviates maturity mismatch. The effect is more pronounced for non-state-owned firms, firms with low-quality environmental information disclosure and those subject to weak environmental regulations. Mechanism analysis indicates that enhanced access to long-term loans and extended debt maturity structures are the primary channels through which GSCM certification mitigates maturity mismatch. These findings highlight the critical role of government-led green certification initiatives in addressing corporate maturity mismatch and reducing credit discrimination.

Suggested Citation

  • Liu, Muyan & Shen, Lu & Yan, Yuehan, 2025. "Government-led green supply chain demonstration and corporate maturity mismatch: Evidence from China," Finance Research Letters, Elsevier, vol. 75(C).
    • Handle: RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325001357
    DOI: 10.1016/j.frl.2025.106870
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