How does China's resource tax law affect resource-based firms' total factor productivity?

被引：0
作者：
He, Yu [1 ]
Zhang, Xiaoqi [1 ]
Zhang, Xingyan [1 ]
机构：
[1] Chongqing Technol & Business Univ, Sch Finance, 19 Xuefu Rd, Chongqing 400067, Peoples R China
来源：
SUSTAINABLE FUTURES | 2024年 / 8卷
关键词：
Threshold effect analysis; Total factor productivity; Resource tax law; Research and development investments; Difference-in-differences approach; ENVIRONMENTAL-REGULATION; LEVEL EVIDENCE; COMPETITIVENESS; PERFORMANCE; GROWTH; IMPACT; POLICY;
D O I：
10.1016/j.sftr.2024.100400
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
Using panel data of A-shares during 2017-2022 and the difference-in-differences approach, this study investigates the effect of China's resource tax law (RTL) on firms' total factor productivity (TFP). The benchmark and robustness tests demonstrate a significant promotional impact of RTL on resource-based firm TFP. Besides, quantile analysis reveals that the RTL positively affects firms with higher initial TFP levels more than those with lower levels. The RTL's effect on firms' TFP emerges (becomes stronger) only if research and development investments (government subsidies) reach a certain value. Heterogeneity analyses show that the RTL has various impacts on different types of firms.
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页数：13
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