New quality productivity, labor quality and corporate high-quality green development

As worldwide ecological difficulties become more profound, Quality High Green Development (HGD) is crucial to sustainable economic growth and prosperity. The use of new quality productivity (NQP) is a required driving force of firms' high-quality green transformation. This involves high-tech change, which has an impact here on ways of production and a higher quality production process, and included efficiency in process, related growth in this innovation and efficiency. This characteristic of NQP causes the way of sustainable development to improve, while giving the essential way in which enterprises practice permanent ecological responsibility in the future. This research uses a database that spans a decade (from 2012 to 2022) of Chinese enterprises listed on A-shares to explore the influence of NQP on the enterprise's HGD pursuit strategy in an empirical study. The results show that NQP can be regarded as a motivation factor for the ecological transition, in this case in enterprise-based development, and the results obtained prove significant even when subjected to a series robustness test. The thesis also examines the channels of transmission to indicate two main factors, the increase of the quality of labor used in industry, and the increase in potential outrun posed by financial restrictions. Such changes induce swifter change in enterprise vitality because productivity is considerably appropriately enhanced. The heterogeneity testing demonstrates that the positive impact is more pronounced in state-owned enterprises, large firms, firms located in advanced economic regions, and firms with isolated positions between the board of directors and chief executive officer. In light of this finding, policy suggestions are presented as follows: to put emphasis on environmental technology advancement as a foundation for improving NQP, to establish the markets for promoting corporate HGD, and to program specific strategies for this evolution. This contributes to the implications of companies' HGD, environmental quality, and sustainable development.