Impact mechanism of environmental protection tax policy on enterprises’ green technology innovation with quantity and quality from the micro-enterprise perspective

Du, Gang; Zhou, Chuanmei; Ma, Yinuo

doi:10.1007/s11356-023-28109-4

Cited by 13 publications

(5 citation statements)

References 65 publications

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“…Wang and Yu claim that the current EPT rate of China's resource-based industries is relatively low and environmental externalities cannot be fully internalized, which inhibits GI [30]. Additionally, Du et al argue that the increase in environmental protection costs due to EPT accelerates capital renewal, but concurrently depresses the quantity and quality of GI [31]. Lastly, in considering the non-linear relationship between EPT and GI, there are also various opinions among scholars.…”

Section: The Impact Of Ept and Gimentioning

confidence: 99%

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Cao,

She,

Cao

et al. 2024

Sustainability

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In the wave of the digital economy and “carbon neutrality”, digital governance and green governance are effective measures for firms to achieve sustainable development goals. The purpose of this paper is to examine the impact of environmental protection tax (EPT) policies on green innovation (GI) using panel data from Chinese A-share listed firms from 2010 to 2022. Using fixed effects models, we find that EPT significantly promotes firms’ GI. Mechanism tests reveal that digitalization and environment, social, and governance (ESG) performance both mediate the relationship between EPT and GI. Further analysis shows that government subsidies and analyst coverage both strengthen the effect of EPT on GI, while supplier concentration exerts a reverse moderating influence. Economic outcome tests confirm the multiple impacts of EPT in improving total factor productivity (TFP) and economic performance through GI. Our findings contribute to fulfilling the extant literature gap on the relationship between EPT and GI, and provide practical insights for firms engaged in digital and green governance.

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Section: The Impact Of Ept and Gimentioning

confidence: 99%

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Cao,

She,

Cao

et al. 2024

Sustainability

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show abstract

“…However, the independent innovations of green technologies face challenges such as significant capital investment, long project payback periods, high investment risks, and the inability to obtain a short-term return [34][35][36][37]. Moreover, implementing the water resource fee-to-tax policy has already increased the tax burden costs in the short term, creating greater financial pressure on companies.…”

Section: Research Hypotheses and Mechanism Analysismentioning

confidence: 99%

Can the Water Resource Fee-to-Tax Reform Promote the “Three-Wheel Drive” of Corporate Green Energy-Saving Innovations? Quasi-Natural Experimental Evidence from China

Kang,

Lv,

Zhang

2024

Energies

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The long-standing, unrestrained utilization of energy resources by China’s manufacturing sector has created irreversible obstacles to regional sustainable development. Consequently, the Chinese government has implemented a water resource tax policy in certain regions, with the aim of compelling manufacturing enterprises to adopt green and energy-saving innovations. This study used panel data from Chinese manufacturing companies listed on the A-share market from 2009 to 2020 and employed a double machine learning model to explore whether the water resource fee-to-tax reform can compel enterprises to enhance their tripartite green energy-saving innovation drive. These innovations consist of vision-driven and mission-driven green energy-saving technological innovations and green management energy-saving innovations. Following a quasi-natural experiment, our findings revealed the following: (1) The water resource fee-to-tax policy promoted the internal coupling coordination of the triple-driven system. (2) The policy compelled progress in mission-driven green energy-saving technological innovations and green energy-saving management innovations but hindered vision-driven green energy-saving technological innovations. (3) Within the internal systems of manufacturing enterprises, green energy-saving management innovations play a positive mediating role between the water resource fee-to-tax policy and the mission-driven green energy-saving technology innovation subsystem, but they lack a similar positive mediating mechanism for the vision-driven green energy-saving technology innovation subsystem. (4) The counterfactual framework verified that the mechanistic pathway “water resource fee-to-tax → green energy-saving management innovation → mission-driven/vision-driven green energy-saving technological innovation” could be further extended to other manufacturing enterprises not currently under policy compulsion. (5) In the interaction system between manufacturing enterprises and external markets, the development of marketization and financial technology positively regulated the promoting effect of the water resource fee-to-tax policy on mission-driven green energy-saving technological innovations and green energy-saving management innovations, but it did not have a similar effect on vision-driven green energy-saving technological innovations.

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“…This can inhibit their ability to invest in research and development (R&D) for green innovations due to limited resources (e.g., Refs. [12][13][14][15]). Moreover, a nonlinear relationship between environmental regulations and green innovation is observed (e.g., Refs.…”

Section: Literature Review and Theoretical Analysismentioning

confidence: 99%

Fiscal Decentralization, Environmental Regulation, and Green Technological Innovation: Evidence from China

Zhou,

Zhu,

Chen

2024

Sustainability

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To achieve carbon peaking and neutrality, optimizing power allocation and fiscal responsibilities between China's central and local authorities is essential for balancing environmental and economic goals. This study employs fixed-effects panel regression and a threshold model to examine the relationships between fiscal decentralization, environmental regulations, and green technological innovation in 271 prefecture-level cities from 2007 to 2019. The results reveal that environmental regulations significantly advance green innovation. Fiscal decentralization modulates the impact of these regulations on green innovation, with regional variations. In central and western areas, fiscal decentralization inhibits the regulatory effects, whereas in the eastern region, it promotes them. Moreover, fiscal decentralization exhibits a threshold effect: below a certain threshold, it hinders regulatory impact, but beyond that threshold, it enhances it. These findings offer valuable insights for policy decisions and strategies to foster green innovation, providing a theoretical and empirical foundation for policymakers involved in environmental and fiscal planning.

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Impact mechanism of environmental protection tax policy on enterprises’ green technology innovation with quantity and quality from the micro-enterprise perspective

Cited by 13 publications

References 65 publications

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Can the Water Resource Fee-to-Tax Reform Promote the “Three-Wheel Drive” of Corporate Green Energy-Saving Innovations? Quasi-Natural Experimental Evidence from China

Fiscal Decentralization, Environmental Regulation, and Green Technological Innovation: Evidence from China

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