Environmental tax incentives and corporate environmental behaviour: An unintended consequence from a natural experiment in China

被引：8
作者：
Boubaker, Sabri [1 ,2 ,3 ]
Cheng, Feiyang [4 ,5 ,7 ]
Liao, Jing [6 ]
Yue, Shuai [6 ]
机构：
[1] EM Normandie Business Sch, Metis Lab, Paris, France
[2] Vietnam Natl Univ, Int Sch, Hanoi, Vietnam
[3] Swansea Univ, Sch Management, Swansea, Wales
[4] Tianjin Univ, Coll Management & Econ, Tianjin, Peoples R China
[5] Macquarie Univ, Macquarie Business Sch, Sydney, NSW, Australia
[6] Massey Univ, Sch Econ & Finance, Palmerston North, New Zealand
[7] Tianjin Univ, Coll Management & Econ, Tianjin 300072, Peoples R China
来源：
EUROPEAN FINANCIAL MANAGEMENT | 2024年 / 30卷 / 02期
基金：
中国国家自然科学基金;
关键词：
China; corporate environmental performance; environmental tax incentives; heavy polluters; FINANCIAL CONSTRAINTS; PERFORMANCE EVIDENCE; PROTECTION TAX; GREEN; INVESTMENT; INNOVATION; REGULATIONS; GOVERNANCE; POLICY;
D O I：
10.1111/eufm.12445
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using the implementation of the Environmental Protection Tax (EPT) Law in China as a natural experiment, we explore the impact of environmental tax incentives on corporate environmental engagement. Evidence shows that, after the implementation of the EPT Law, there exists a significant improvement in the environmental performance of firms located in regions with increased EPT rates. However, our results reveal an unintended consequence that this effect is more salient for nonheavy-polluting companies rather than for heavy polluters that are more targeted by the EPT Law.
引用
收藏
页码：800 / 838
页数：39
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