Firms in Green Public Procurement: Financial Strength Indicators’ Impact on Contract Awards and Its Repercussion on Financial Strength
Abstract
Wir untersuchen, ob die Finanzkraft von Unternehmen, insbesondere Klein- und Mittelständischen Unternehmen (KMU), kausal mit dem Zuschlag für einen öffentlichen Auftrag (PP), insbesondere im umweltfreundlichen Bereich verbunden ist. Hierzu konstruieren wir aus der Tenders Electronic Daily (TED) und der KMU-Datenbank AMADEUS einen kombinierten Beschaffungs-Unternehmen-Datensatz, der zehn europäische Länder umfasst. Zunächst prüfen wir mit Hilfe von Probit-Modellen, ob die Wahrscheinlichkeit des Zuschlags bei der öffentlichen Ausschreibung von der Finanzkraft des Unternehmens abhängt. Anschließend nutzen wir den Flexpanel-DiD-Ansatz, um der Frage nachzugehen, ob der Zuschlag auf die zukünftige Finanzkraft des erfolgreichen Unternehmens zurückwirkt. Wir finden einerseits, dass eine niedrigere Eigenkapitalquote und eine höhere Quote kurzfristiger Kredite die Wahrscheinlichkeit erhöhen, bei einer öffentlichen Ausschreibung, sei sie traditionell oder „grüner“ Natur, erfolgreich zu sein. Andererseits bewirkt der Erfolg, dass die erfolgreichen Unternehmen nach dem Zuschlag mit einer geringeren Eigenkapitalquote weiterarbeiten können als vergleichbare Unternehmen ohne Zuschlag, unabhängig davon, ob das Unternehmen in einer traditionellen oder einer „grünen“ öffentlichen Ausschreibung erfolgreich war. Wir schließen daraus, dass der Zuschlag ein Substitut für eigene Finanzstärke ist und dadurch den Zugang zu Fremdfinanzierung erleichtert.
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Addressing internal barriers and integrating digital technologies can enhance GPP implementation, leading to improved transparency and better social and environmental outcomes.
“Addressing internal barriers and integrating digital technologies can enhance GPP implementation, leading to improved transparency and better social and environmental outcomes (Appolloni et al., 2011;Baum et al., 2021).”
From Green public procurement as an effective way for sustainable development: A systematic literature review and bibliometric analysis (2025) · cites this paper as Baum et al., 2021
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- Authors
- Baum, C. F., Kordestani, A., Schäfer, D., & Stephan, A.
- Affiliations
- Boston College (US)
- Venue
- Vierteljahrshefte zur Wirtschaftsforschung
- Publisher
- Duncker & Humblot GmbH
- Published
- 2021-10-01
- Volume
- 90
- Issue
- 4
- Pages
- 71-92
- ISSN
- 0340-1707 (ISSN-L)
- 1861-1559
- OpenAlex
- W4285356907
- Cited by
- 3
- References
- 27
- Citations by year
- 2025: 1 · 2024: 1 · 2023: 1
- FWCI
- 0.45
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Vierteljahrshefte zur Wirtschaftsforschung (publishedVersion)
- Econstor (Econstor) (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Public Procurement and Policy
- Social Sciences › Business, Management and Accounting › Accounting › Corporate Finance and Governance
- Social Sciences › Business, Management and Accounting › Strategy and Management › Political Influence and Corporate Strategies
- Keywords
- green public procurement, contract award, small and medium-sized enterprises, public tenders, stocks, short-term debt, access to external financing, European SMEs
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