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Green or gray: government-business relations and urban greening construction

Yi Wei et al.

Applied Finance Letters2025https://doi.org/10.24135/afl.v14i.884article
ABDC B
Weight
0.50

Abstract

This study examines the impact of the government-business relations on urban greening investments in major Chinese cities. We find that the government-business index (GBI) is positively related to urban greening construction. However, the corruption sub-index within the GBI shows a negative relationship, suggesting the risk of vanity projects that prioritize officials’ visibility over genuine sustainability. Notably, the presence of hometown mayors weakens the positive effect of the GBI on urban greening construction. Moreover, while the GBI is associated with a reduction in green total factor productivity (GTFP), hometown mayors are shown to enhance GTFP, highlighting their significant roles in promoting sustainable urban development.

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https://doi.org/https://doi.org/10.24135/afl.v14i.884

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@article{yi2025,
  title        = {{Green or gray: government-business relations and urban greening construction}},
  author       = {Yi Wei et al.},
  journal      = {Applied Finance Letters},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.24135/afl.v14i.884},
}

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Green or gray: government-business relations and urban greening construction

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.