The effects of capital-biased tax incentives on firm energy intensity: Environmental dividend or consequence?

Lin, Boqiang; Xu, Chongchong

doi:10.1016/j.jenvman.2023.118507

Cited by 11 publications

(1 citation statement)

References 66 publications

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“…In response, the Chinese government has implemented crucial measures aimed at improving the environment, including tax reduction policies designed to encourage enterprises to optimize energy use and reduce consumption [16,17]. However, the enterprises' drive for economic interests often makes them reluctant to optimize their energy usage, leading to additional production costs [18,19]. Therefore, studying the relationship between tax incentives and enterprise energy efficiency is vital for evaluating the practical effects of tax reduction policies and promoting global sustainable development.…”

Section: Introductionmentioning

confidence: 99%

The Energy-Saving Effect of Tax Rebates: The Impact of Tax Refunds on Corporate Total Factor Energy Productivity

Liu,

Xia

2023

Energies

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This paper investigates whether and how tax and fee support policies at the firm level in China influence the total factor energy productivity of enterprises. Using panel data from Chinese public trading companies for the period 2004–2020, this study employs a panel model for estimation. The findings suggest that tax rebates contribute to the improvement of the total factor energy productivity of enterprises. Specifically, a 1% increase in tax refunds leads to a growth of approximately 0.008% in total factor energy productivity. Robustness tests and endogeneity checks confirm the validity of the results. Heterogeneity analysis reveals that tax rebates have a significant impact on state-owned enterprises, small- and medium-sized enterprises, and non-technology firms in terms of enhancing their total factor energy productivity. Mechanism analysis indicates that tax rebates facilitate firms in alleviating financing constraints and enhancing their innovation capabilities, thereby improving energy efficiency. The research findings of this paper provide empirical support for optimizing policy supply, improving energy usage efficiency, and promoting the development of a globally sustainable economy.

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Section: Introductionmentioning

confidence: 99%

The Energy-Saving Effect of Tax Rebates: The Impact of Tax Refunds on Corporate Total Factor Energy Productivity

Liu,

Xia

2023

Energies

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RETRACTED ARTICLE: Evaluating the effect of green fiscal policy on firm energy performance: evidence from China

Lin,

2024

Econ Change Restruct

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Does agricultural fiscal policy improve green development in China’s agriculture sector? Evidence from energy and environmental perspectives

Wu,

Xie,

et al. 2024

Environ Dev Sustain

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The effects of capital-biased tax incentives on firm energy intensity: Environmental dividend or consequence?

Cited by 11 publications

References 66 publications

The Energy-Saving Effect of Tax Rebates: The Impact of Tax Refunds on Corporate Total Factor Energy Productivity

The Energy-Saving Effect of Tax Rebates: The Impact of Tax Refunds on Corporate Total Factor Energy Productivity

RETRACTED ARTICLE: Evaluating the effect of green fiscal policy on firm energy performance: evidence from China

Does agricultural fiscal policy improve green development in China’s agriculture sector? Evidence from energy and environmental perspectives

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