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Government as Customer of Last Resort: The Stabilizing Effects of Government Purchases on Firms

https://doi.org/10.1093/rfs/hhz059
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What this work says

Outgoing claims: the papers this work cites, builds on, or argues with.

inferredcites →https://doi.org/10.1016/0014-2921(94)90009-4openalex-snapshot
Government size and macroeconomic stability
inferredcites →https://doi.org/10.1016/0304-405x(93)90023-5openalex-snapshot
Common risk factors in the returns on stocks and bonds
inferredcites →https://doi.org/10.1016/j.jfineco.2009.12.001openalex-snapshot
Bank lending during the financial crisis of 2008
inferredcites →https://doi.org/10.1016/j.jfineco.2009.12.008openalex-snapshot
Costly external finance, corporate investment, and the subprime mortgage credit crisis
inferredcites →https://doi.org/10.1016/j.jfineco.2010.02.009openalex-snapshot
The real effects of financial constraints: Evidence from a financial crisis
inferredcites →https://doi.org/10.1016/j.jfineco.2012.04.009openalex-snapshot
The politics of government investment
inferredcites →https://doi.org/10.1016/s0022-1996(01)00093-9openalex-snapshot
Government size and automatic stabilizers: international and intranational evidence
inferredcites →https://doi.org/10.1086/250038openalex-snapshot
Why Do More Open Economies Have Bigger Governments?
inferredcites →https://doi.org/10.1086/499141openalex-snapshot
On the Patterns and Wealth Effects of Vertical Mergers*
inferredcites →https://doi.org/10.1086/653714openalex-snapshot
Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings
inferredcites →https://doi.org/10.1086/664820openalex-snapshot
Do Powerful Politicians Cause Corporate Downsizing?
inferredcites →https://doi.org/10.1086/700764openalex-snapshot
Production Networks, Geography and Firm Performance
inferredcites →https://doi.org/10.1093/qje/qjq008openalex-snapshot
Identifying Government Spending Shocks: It's all in the Timing*
inferredcites →https://doi.org/10.1093/qje/qjt031openalex-snapshot
The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis *
inferredcites →https://doi.org/10.1093/qje/qjw018openalex-snapshot
Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks *
inferredcites →https://doi.org/10.1093/qje/qjw035openalex-snapshot
Firm Leverage, Consumer Demand, and Employment Losses During the Great Recession*
inferredcites →https://doi.org/10.1093/restud/rdx042openalex-snapshot
Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
inferredcites →https://doi.org/10.1093/rfs/15.4.1283openalex-snapshot
How Firms Should Hedge
inferredcites →https://doi.org/10.1093/rfs/hht044openalex-snapshot
Does Family Control Matter? International Evidence from the 2008–2009 Financial Crisis
inferredcites →https://doi.org/10.1093/rfs/hhx049openalex-snapshot
The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration
inferredcites →https://doi.org/10.1111/j.1540-6261.2008.01391.xopenalex-snapshot
How Does Financing Impact Investment? The Role of Debt Covenants
inferredcites →https://doi.org/10.1162/003355302320935043openalex-snapshot
An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output
inferredcites →https://doi.org/10.1162/003465302317331982openalex-snapshot
Propensity Score-Matching Methods for Nonexperimental Causal Studies
inferredcites →https://doi.org/10.1162/rest_a_00288openalex-snapshot
Who Creates Jobs? Small versus Large versus Young
inferredcites →https://doi.org/10.1257/aer.100.2.373openalex-snapshot
Local Multipliers
inferredcites →https://doi.org/10.1257/aer.104.3.753openalex-snapshot
Fiscal Stimulus in a Monetary Union: Evidence from US Regions
inferredcites →https://doi.org/10.1257/aer.97.3.664openalex-snapshot
Job Displacement Risk and the Cost of Business Cycles
inferredcites →https://doi.org/10.1257/jel.49.3.673openalex-snapshot
Can Government Purchases Stimulate the Economy?
inferredcites →https://doi.org/10.1257/jel.49.3.703openalex-snapshot
On Measuring the Effects of Fiscal Policy in Recessions
inferredcites →https://doi.org/10.1257/mac.3.1.36openalex-snapshot
Industry Evidence on the Effects of Government Spending
inferredcites →https://doi.org/10.1257/pol.4.3.118openalex-snapshot
Does State Fiscal Relief During Recessions Increase Employment? Evidence from the American Recovery and Reinvestment Act
inferredcites →https://doi.org/10.1257/pol.4.3.251openalex-snapshot
Fiscal Spending Jobs Multipliers: Evidence from the 2009 American Recovery and Reinvestment Act
inferredcites →https://doi.org/10.1257/pol.4.3.30openalex-snapshot
Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance
inferredcites →https://doi.org/10.1287/mnsc.2015.2165openalex-snapshot
Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007–2009 Financial Crisis
inferredcites →https://doi.org/10.1353/eca.0.0069openalex-snapshot
By How Much Does GDP Rise If the Government Buys More Output?
inferredcites →https://doi.org/10.1561/104.00000001openalex-snapshot
Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis
inferredcites →https://doi.org/10.2139/ssrn.1084955openalex-snapshot
Propensity Score Matching Methods for Non-Experimental Causal Studies
inferredcites →https://doi.org/10.2139/ssrn.1357805openalex-snapshot
The Real Effects of Financial Constraints: Evidence from a Financial Crisis
inferredcites →https://doi.org/10.2139/ssrn.1426106openalex-snapshot
Do Powerful Politicians Cause Corporate Downsizing?
inferredcites →https://doi.org/10.2139/ssrn.1444009openalex-snapshot
Liquidity Management and Corporate Investment During a Financial Crisis
inferredcites →https://doi.org/10.2139/ssrn.1569546openalex-snapshot
Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2008–2009 Financial Crisis
inferredcites →https://doi.org/10.2139/ssrn.2147025openalex-snapshot
The Effect of Public Spending on Private Investment: Evidence from Census Shocks
inferredcites →https://doi.org/10.2139/ssrn.2536122openalex-snapshot
The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration
inferredcites →https://doi.org/10.2139/ssrn.2654566openalex-snapshot
The Effect of Public Spending on Private Investment: Evidence from Census-Shock
inferredcites →https://doi.org/10.2139/ssrn.2758835openalex-snapshot
Mini West Virginias: Corporations as Government Dependents
inferredcites →https://doi.org/10.24148/wp2010-17openalex-snapshot
Fiscal Spending Jobs Multipliers: Evidence from the 2009 American Recovery and Reinvestment Act
inferredcites →https://doi.org/10.3386/w12354openalex-snapshot
Volatility and Dispersion in Business Growth Rates: Publicly Traded versus Privately Held Firms
inferredcites →https://doi.org/10.3386/w14990openalex-snapshot
Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis
inferredcites →https://doi.org/10.3386/w15496openalex-snapshot
By How Much Does GDP Rise if the Government Buys More Output?
inferredcites →https://doi.org/10.3386/w17141openalex-snapshot
Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance
inferredcites →https://doi.org/10.3386/w17230openalex-snapshot
Public Consumption Over the Business Cycle
inferredcites →https://doi.org/10.3386/w22256openalex-snapshot
Who Bears the Cost of Recessions? The Role of House Prices and Household Debt
inferredcites →https://doi.org/10.3386/w6586openalex-snapshot
Causal Effects in Non-Experimental Studies: Re-Evaluating the Evaluation of Training Programs
inferredcites →https://doi.org/10.3982/ecta10451openalex-snapshot
What Explains the 2007-2009 Drop in Employment?
inferredcites →https://doi.org/10.3982/qe250openalex-snapshot
Public consumption over the business cycle

What points at this work

Incoming claims: where this work appears in other papers’ reference lists and arguments.

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Real Flight to Safety
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Who Benefits from Anti-Corruption Enforcement?
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Proprietary Information Cost of Contracting with the Government
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Political Connections, Financial Constraints, and Corporate Taxation
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Government Contracting and Wage Compliance
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Welfare Cuts, Local Spillovers and Financial Fragility
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Are Overconfident CEOs Less Resilient to Bad News? Evidence From Negative News Events and Hurricanes
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The Role of G(overnment) in Corporate ESG Policies
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State-Owned Customers, Uncertainty and the Cost of Debts
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Government Arrears and Corporate Policies: Lessons from a Natural Experiment
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Corporate Misconduct and Government Contract Termination for Convenience
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The Greener, the Better? Evidence from Government Contractors
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The Hidden Risk of a Safe Customer: Regulatory Fragmentation and Government Contracting
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The Economics of Public Procurement
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Peer effect of proprietary information: A cost–benefit analysis of customer information disclosure
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Peer Effects in Corporate ESG: Evidence from Mandatory Disclosure and Philanthropic Giving
inferred← citeshttps://doi.org/10.1007/s11142-024-09866-0openalex-snapshot
How government procurement shapes corporate climate disclosures, commitments, and actions
inferred← citeshttps://doi.org/10.1016/j.asieco.2025.101936openalex-snapshot
Green public procurement, external pressures and enterprise green transition: Evidence from China
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Recovering after natural disasters: A stabilizing role of the government
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Government procurement as a catalyst: Reshaping firm entry-exit dynamics in China
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Refining employee treatment: Effects of government arrears repayment in China
inferred← citeshttps://doi.org/10.1016/j.cjar.2025.100461openalex-snapshot
Can government procurement increase the labor share? Evidence from China
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How government green procurement incentivises corporate green innovation? Evidence from China
inferred← citeshttps://doi.org/10.1016/j.eap.2025.08.019openalex-snapshot
Institutional trust as a catalyst: Government procurement and private firms’ risk-taking in China
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The role of government procurement in enhancing energy firms’ productivity: An empirical analysis
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Government procurement and corporate investment: Evidence from China's A-share listed companies
inferred← citeshttps://doi.org/10.1016/j.econmod.2026.107626openalex-snapshot
Narrowing the pay gap: The role of government procurement
inferred← citeshttps://doi.org/10.1016/j.eist.2025.101045openalex-snapshot
Chasing the sun: How does policy-induced local demand promote the spatio-temporal evolution of China’s solar photovoltaic industry
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Induced green innovation of suppliers: The “green power” from major customers
inferred← citeshttps://doi.org/10.1016/j.eneco.2023.107157openalex-snapshot
Principal SOE customers and corporate tax avoidance: Evidence from the government arrears clearance reform
inferred← citeshttps://doi.org/10.1016/j.eneco.2025.108219openalex-snapshot
Going green or losing edge? The impact of government procurement on carbon reduction and firm value in China
inferred← citeshttps://doi.org/10.1016/j.frl.2021.102037openalex-snapshot
Firm efficiency and stock returns during the COVID-19 crisis
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Government as major customer: The effects of government procurement on corporate environmental, social, and governance performance
inferred← citeshttps://doi.org/10.1016/j.frl.2024.105623openalex-snapshot
Public procurement and bank lending
inferred← citeshttps://doi.org/10.1016/j.frl.2024.105934openalex-snapshot
Government procurement and corporate investment efficiency: Evidence from China
inferred← citeshttps://doi.org/10.1016/j.frl.2025.107059openalex-snapshot
Government procurement and corporate vertical specialization
inferred← citeshttps://doi.org/10.1016/j.frl.2026.110109openalex-snapshot
Government, defence-specific products, and suppliers' financial decisions. Evidence from Spain
inferred← citeshttps://doi.org/10.1016/j.gloenvcha.2024.102797openalex-snapshot
Assessment of extreme temperature to fiscal pressure in China
inferred← citeshttps://doi.org/10.1016/j.ijpe.2024.109285openalex-snapshot
Government green procurement, technology mergers and acquisitions, and semiconductor firms’ environmental innovation: The moderating effect of executive compensation incentives
inferred← citeshttps://doi.org/10.1016/j.iref.2026.104906openalex-snapshot
The impact of government arrears clearance on the private enterprises resilience: A quasi-natural experiment based on special supervision
inferred← citeshttps://doi.org/10.1016/j.irfa.2026.105227openalex-snapshot
Government procurement and private firm vitality
inferred← citeshttps://doi.org/10.1016/j.jaccpubpol.2021.106900openalex-snapshot
Major government customers and stock price crash risk
inferred← citeshttps://doi.org/10.1016/j.jbankfin.2020.106030openalex-snapshot
Optimal portfolio strategies in the presence of regimes in asset returns
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The role of government contracting in corporate environmental policies
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Customer identity concealing and insider selling profitability: Evidence from China
inferred← citeshttps://doi.org/10.1016/j.jcorpfin.2026.102966openalex-snapshot
Major government customers and corporate court outcomes: Evidence from China
inferred← citeshttps://doi.org/10.1016/j.jdeveco.2025.103688openalex-snapshot
Public procurement and firms: Evidence from Kenya
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Targeted bidders in government tenders
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The dual role of corporate political connections in the supply chain
inferred← citeshttps://doi.org/10.1016/j.jenvman.2025.126394openalex-snapshot
The impact of green public procurement on corporate ESG performance
inferred← citeshttps://doi.org/10.1016/j.jimonfin.2023.102901openalex-snapshot
COVID-19 pandemic and corporate liquidity: The role of SOEs’ trade credit response
inferred← citeshttps://doi.org/10.1016/j.jjie.2023.101302openalex-snapshot
Stock market response to public investment under the zero lower bound: Cross-industry evidence from Japan
inferred← citeshttps://doi.org/10.1016/j.jmoneco.2022.02.008openalex-snapshot
Market segmentation and spending multipliers
inferred← citeshttps://doi.org/10.1016/j.jmoneco.2024.103601openalex-snapshot
The Credit Channel of Public Procurement
inferred← citeshttps://doi.org/10.1016/j.omega.2025.103402openalex-snapshot
Competition or social priority? The subsidy strategies for the power sector amid power crisis
inferred← citeshttps://doi.org/10.1016/j.pacfin.2026.103154openalex-snapshot
The innovative incentive effect of local government debt management: Evidence from China
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Customer concentration and corporate greenwashing
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Government as a major customer: The impact of government procurement on digitalization-related innovation for supplier firms
inferred← citeshttps://doi.org/10.1016/j.sftr.2026.101906openalex-snapshot
Research on the impact of core enterprises' artificial intelligence on risk-taking levels of upstream and downstream enterprises: A transaction cost theory perspective
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The Supply chain spillovers of Pilot Free Trade Zones on GVC upgrading of Chinese firms
inferred← citeshttps://doi.org/10.1017/s0022109020000927openalex-snapshot
Does Government Spending Crowd Out R&D Investment? Evidence from Government-Dependent Firms and Their Peers
inferred← citeshttps://doi.org/10.1017/s0022109025102111openalex-snapshot
Government Procurement and Corporate Environmental Policies
inferred← citeshttps://doi.org/10.1017/s0022109026103202openalex-snapshot
Political Connections, Financial Constraints, and Corporate Taxation
inferred← citeshttps://doi.org/10.1080/00036846.2023.2209310openalex-snapshot
Major government-background customers and corporate green innovation
inferred← citeshttps://doi.org/10.1080/00036846.2025.2464824openalex-snapshot
Can government procurement improve capacity utilization in enterprises? Evidence from China
inferred← citeshttps://doi.org/10.1080/00036846.2025.2482239openalex-snapshot
Government procurement and firm energy efficiency: evidence from China
inferred← citeshttps://doi.org/10.1080/00036846.2025.2561267openalex-snapshot
Government procurement and corporate employment
inferred← citeshttps://doi.org/10.1080/00036846.2026.2624045openalex-snapshot
Can digital public procurement lift enterprise markup?
inferred← citeshttps://doi.org/10.1080/00036846.2026.2637817openalex-snapshot
Government innovation procurement and corporate dual competitive strategy: differentiation or cost leadership?
inferred← citeshttps://doi.org/10.1080/00036846.2026.2665348openalex-snapshot
Government procurement and corporate supply chain resilience: evidence from a reduction in disruptions
inferred← citeshttps://doi.org/10.1080/00343404.2026.2618716openalex-snapshot
Public procurement, institutional distance and cross-regional subsidiary location choice
inferred← citeshttps://doi.org/10.1080/02102412.2025.2450192openalex-snapshot
Untangling the relationship between government procurement and internal control quality: an empirical study in China
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Boosting corporate green innovation in turbulent markets: the role of government procurement
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Public procurement and formal employment of small and medium sized enterprises: evidence from China
inferred← citeshttps://doi.org/10.1080/13504851.2026.2730476openalex-snapshot
Government procurement, local government fiscal pressure, and corporate debt default risk
inferred← citeshttps://doi.org/10.1080/1540496x.2023.2298278openalex-snapshot
Do Government-Based Customers Promote Green Innovation? Evidence from China
inferred← citeshttps://doi.org/10.1080/1540496x.2025.2545492openalex-snapshot
The Ripple Effect of Government Relocation: City’s Heart and the Rise of Firms
inferred← citeshttps://doi.org/10.1080/1540496x.2025.2550608openalex-snapshot
Do Government Tender Procurement Contracts Facilitate Total Factor Productivity?
inferred← citeshttps://doi.org/10.1080/16081625.2024.2425848openalex-snapshot
Does government procurement affect corporate carbon emissions? Evidence from China
inferred← citeshttps://doi.org/10.1080/16081625.2025.2473318openalex-snapshot
Does the withdrawal of implicit government guarantees affect the shadow banking decisions of private non-financial enterprises? Evidence from China
inferred← citeshttps://doi.org/10.1080/16081625.2026.2646194openalex-snapshot
The certification effect of government tender procurements: evidence from the cost of debt
inferred← citeshttps://doi.org/10.1080/19761597.2024.2302146openalex-snapshot
Public procurement and green innovation in Chinese enterprises: insights from econometric models and cross-case studies
inferred← citeshttps://doi.org/10.1080/19761597.2025.2492566openalex-snapshot
The impact of government procurement on the smart specialisation of specialised, refined, differentiated, and innovative enterprises: evidence from China
inferred← citeshttps://doi.org/10.1080/21697213.2026.2718637openalex-snapshot
From liquid reserves to contracts: the impact of government procurement on corporate cash holdings
inferred← citeshttps://doi.org/10.1093/icc/dtag045openalex-snapshot
Demand-oriented policy tools and industrial convergence: evidence from cross-regional government procurement in China
inferred← citeshttps://doi.org/10.1093/rapstu/raaa017openalex-snapshot
COVID-19 and the Cross-Section of Equity Returns: Impact and Transmission
inferred← citeshttps://doi.org/10.1093/rapstu/raac011openalex-snapshot
Asset Pricing Implications of Firms’ Government Sales Dependency
inferred← citeshttps://doi.org/10.1108/jeim-03-2025-0189openalex-snapshot
Does government procurement affect enterprise supply chain resilience? Evidence from China
inferred← citeshttps://doi.org/10.1108/jopp-03-2025-0019openalex-snapshot
The role of financial reporting quality and quantity in government procurement: evidence from Japanese tenders
inferred← citeshttps://doi.org/10.1111/acfi.13307openalex-snapshot
Government procurement and zombie firms' productivity: Evidence from China
inferred← citeshttps://doi.org/10.1111/acfi.70050openalex-snapshot
Customers' Pessimistic Disclosure and Corporate Innovation: The Role of Government‐Background Principal Customers
inferred← citeshttps://doi.org/10.1111/apce.12502openalex-snapshot
Does cultural difference impede the allocation of government procurement? Evidence from China
inferred← citeshttps://doi.org/10.1111/corg.70023openalex-snapshot
Contracting With the Government on CSR: Evidence From the Supply Chain
inferred← citeshttps://doi.org/10.1111/corg.70035openalex-snapshot
Government Contracting and Wage Compliance
inferred← citeshttps://doi.org/10.1111/cwe.12605openalex-snapshot
Government Digital Product Procurement and Enterprise Digital Transformation
inferred← citeshttps://doi.org/10.1111/jbfa.12530openalex-snapshot
Governments as customers: Exploring the effects of government customers on supplier firms’ information quality
inferred← citeshttps://doi.org/10.1111/jbl.12336openalex-snapshot
When the chickens come home to roost: The short‐ versus long‐term performance implications of government contracting and supplier network structure
inferred← citeshttps://doi.org/10.1111/jems.12390openalex-snapshot
Innovation disclosure in times of uncertainty
inferred← citeshttps://doi.org/10.1111/joes.12625openalex-snapshot
Theories of market selection
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The Employment Effects of Faster Payment: Evidence from the Federal Quickpay Reform
inferred← citeshttps://doi.org/10.1111/joie.12395openalex-snapshot
Procuring Survival*
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The Effect of Government Green Procurement on Green Exports: Evidence From China
inferred← citeshttps://doi.org/10.1111/twec.70091openalex-snapshot
Do China's State‐Owned Enterprises Promote Their Suppliers' Participation in Global Value Chains?
inferred← citeshttps://doi.org/10.1287/mnsc.2024.05679openalex-snapshot
Government Deleveraging and the Reverse Crowding-In Effect: Evidence from Subnational Debt and Government Contractors
inferred← citeshttps://doi.org/10.21203/rs.3.rs-6591635/v1openalex-snapshot
Shockprint Mapping and Systemic Resonance: A Novel Fuzzy Framework for Cross-Asset Volatility and Crisis Prediction in Traditional, ESG, and Crypto Markets (2017–2025)
inferred← citeshttps://doi.org/10.2139/ssrn.2517670openalex-snapshot
Why Do Firms Issue Secured Debt?
inferred← citeshttps://doi.org/10.2139/ssrn.2808666openalex-snapshot
Can Paying Firms Quicker Affect Aggregate Employment?
inferred← citeshttps://doi.org/10.2139/ssrn.4790476openalex-snapshot
Government-Driven Corporate Resilience During Crisis: Evidence from China
inferred← citeshttps://doi.org/10.2139/ssrn.4813384openalex-snapshot
Corporate Cash Flow Outcomes Across Presidencies: Still a Presidential Puzzle
inferred← citeshttps://doi.org/10.2139/ssrn.4837122openalex-snapshot
Government Procurement and Corporate Investment Efficiency: Evidence from Alternative Data in China
inferred← citeshttps://doi.org/10.2139/ssrn.4839331openalex-snapshot
Targeted Bidders in Government Tenders
inferred← citeshttps://doi.org/10.2139/ssrn.4868721openalex-snapshot
Targeted Bidders in Government Tenders
inferred← citeshttps://doi.org/10.2139/ssrn.4881200openalex-snapshot
Who Benefits from Trade Wars?
inferred← citeshttps://doi.org/10.2139/ssrn.4907333openalex-snapshot
Peer Effects of Corporate ESG Activities: Evidence from Mandatory ESG Disclosure Regulations
inferred← citeshttps://doi.org/10.2139/ssrn.4961758openalex-snapshot
Government Certification in Public Procurement: Evidence from the Italian Legality Rating
inferred← citeshttps://doi.org/10.2139/ssrn.5054967openalex-snapshot
Public Procurement and Firms: Evidence from Kenya
inferred← citeshttps://doi.org/10.2139/ssrn.5251620openalex-snapshot
Insider Trading Reforms and Corporate Transparency: Evidence from the STOCK Act
inferred← citeshttps://doi.org/10.2139/ssrn.6100729openalex-snapshot
From Public Contracts to Private Returns: How Procurement Translates Patents into Commercial Success
inferred← citeshttps://doi.org/10.2139/ssrn.6235439openalex-snapshot
Government Contracting and Corporate Risk Taking: Evidence from Disruptions in U.S. Federal Procurement
inferred← citeshttps://doi.org/10.2139/ssrn.7066539openalex-snapshot
Defence government contracting and trade credit. Does firm position in the procurement chain matter?
inferred← citeshttps://doi.org/10.3389/fenvs.2022.982160openalex-snapshot
Can performance-based budgeting reform improve corporate environment in ESG? Evidence from Chinese-listed firms
inferred← citeshttps://doi.org/10.3390/economies13010005openalex-snapshot
Can the Succession Plan for Family Business Achieve Social Employment Stability? An Analysis from the Perspective of Entrepreneurs
inferred← citeshttps://doi.org/10.3390/su18010072openalex-snapshot
The Impact of Green Public Procurement on Corporate ESG Greenwashing: Evidence from China
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