Environmental tax reform and environmental investment: A quasi-natural experiment based on China's Environmental Protection Tax Law

Liu, Guangqiang; Yang, Zhiqing; Zhang, Fan; Zhang, Nan

doi:10.1016/j.eneco.2022.106000

Cited by 122 publications

(75 citation statements)

References 21 publications

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“…Thankfully, the Chinese government has made a number of steps to handle the terrible condition, predominantly in the business and industrial sectors, both of which have a significant impact on pollution and output (Liu et al, 2022a). To encourage corporate social responsibility, green policies and other environmental programs have been developed (Huang et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…"Green innovations" are brand-new production, management, or service models that lessen environmental problems. Green innovation is therefore more crucial as a tactical instrument for achieving environmental goals (Liu et al, 2022a).…”

Section: Introductionmentioning

confidence: 99%

“…The benefits of green innovation have been extensively researched (Cai et al, 2020), but the reasons why certain businesses invest in it more than others have not yet been adequately analyzed (Liu et al, 2022a). The corporate governance elements that affect green innovation are particularly understudied.…”

Section: Introductionmentioning

confidence: 99%

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How does corporate management affect green innovation via business environmental strategies?

Javeed

Zhou²,

Cai³

2022

Front. Environ. Sci.

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Environmental issues are getting greater attention now that experts and authorities are paying attention to global warming. The industrial segment is mostly to blame for these environmental hitches, according to past research. The industrial sector is actively addressing the issues brought on by climate change. This study’s primary focus is on business environmental strategies in green innovation, which takes into account the company’s goals for sustainable development. This study also takes into account the importance of corporate management (CEO, ownership concentration, and gender diversity) for green innovation. This study evaluated fact by natural resource theory, resource dependency theory, agency theory and Porter hypothesis. Results from practical generalized least squares and generalized moments approaches provide various conclusions. The findings of this study demonstrated that companies with business environmental strategies as, environmental regulation, proactive environmental plans, corporate social responsibility, and board sustainable committees were more likely to implement green innovation practices. Additionally, corporate management (CEO, ownership concentration, and gender diversity) supports businesses’ efforts to innovate in the green sector. Importantly, our research showed that the importance of corporate management (CEO, ownership concentration, and gender diversity) in business environmental policies cannot be overstated (environmental regulations, proactive environmental strategies, corporate social responsibility, board sustainable committee, and green innovation). green innovation, as well. These findings significantly expand the scant amount of knowledge on corporate environmental initiatives and green innovation. In order to encourage green innovation for higher profitability while minimizing negative industrial consequences, this study also provides a number of suggestions and recommendations for stakeholders, including regulators, owners, and governments.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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How does corporate management affect green innovation via business environmental strategies?

Javeed

Zhou²,

Cai³

2022

Front. Environ. Sci.

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“…The introduction of the global minimum tax is closely related to this development goal, so China should actively participate in the formulation of the global minimum tax as a digital leader to exclude the threats that are unfavorable to the development goals of China’s digital economy while maintaining the trend of economic globalization. The real economy is the lifeblood and core of our national economy, and the linking effect and digital empowerment of the digital economy can greatly improve the efficiency of the industrial chain, which may become a turning point for a new stage of our real economy ( Li et al, 2022 ; Liu et al, 2022 ).…”

Section: Introductionmentioning

confidence: 99%

Taxation strategies for the governance of digital business model—An example of China

2022

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The digital business model emerges as a new business model and gradually penetrates global industries, and countries are putting in place various digital strategies to support their development. As one of the important tools, taxation strategies are highly expected by countries, which not only describe the economic development pattern of a country but also show the digital leadership of a country. Some countries have introduced their own unilateral digital services tax to govern their digital business models, while others have looked more to the global minimum tax, resulting in the current situation of both a unilateral digital services tax and a global minimum tax. However, both of them are of great reference value for the tax governance of digital business models. This paper compares the development history of digital tax strategies, categorizes, and analyzes the design logic of existing digital tax strategies, and takes China, one of the major digital economy countries, as an example to propose China’s digital tax strategies by drawing on international experience. We set an example for the design of digital economy tax strategies for countries around the world so that they can manage digital business models more efficiently.

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“…The quasi-natural experiment design idea of this paper is to regard the adoption of SO 2 emission tax rates that are higher than the legal minimum standard (also higher than the other cities which always follow the newest legal minimum tax/rate, see Fig. 1) in part of cities as a policy reform worthy of focusing on, and combining the continuous value of tax rate to construct a Differences-in-Differences (DID) Liu et al, 2022), the above design can more accurately characterize the historical changes and regional differences of tax rate, so as to ensure the effective identi cation and inspection of policy effects in a larger time span.…”

Section: Introductionmentioning

confidence: 99%

Can higher SO2 emission tax rates reduce PM2.5 concentration in China's cities? A quasi-natural experiment from the perspective of spatial spillover

Wang

Liu

Wang

et al. 2022

Preprint

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In this paper, the adoption of SO2 emission tax rates higher than the legal minimum standard is regarded as a noteworthy policy reform in China's cities (quasi-natural experiment), and a spatial Difference-in-Differences (Spatial-DID) model is constructed to test the direct effects (local effects) and indirect effects (spatial spillover effects) of SO2 emission tax policy reform on PM2.5 concentrations in the atmosphere of 285 China's cities. The estimation and calculation results of the Spatial-DID model show that the SO2 emission tax policy reform can significantly suppress local PM2.5 pollution and significantly promote PM2.5 pollution in surrounding areas. The results of heterogeneity analysis show that the SO2 emission tax policy reform can produce a relatively more beneficial spatial spillover effect in cities in the eastern region, higher administrative level cities, and pollutant emission rights trade pilot cities. The results of the mediation effect analysis show that the higher SO2 emission tax rate can aggravate the surrounding PM2.5 pollution by promoting the aggregation level of industrial production factors and the industrial SO2 emission intensity in the surrounding areas, which can support the existence of the pollution heaven effect.

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Environmental tax reform and environmental investment: A quasi-natural experiment based on China's Environmental Protection Tax Law

Cited by 122 publications

References 21 publications

How does corporate management affect green innovation via business environmental strategies?

How does corporate management affect green innovation via business environmental strategies?

Taxation strategies for the governance of digital business model—An example of China

Can higher SO2 emission tax rates reduce PM2.5 concentration in China's cities? A quasi-natural experiment from the perspective of spatial spillover

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