The impact of environmental tax laws on heavy-polluting enterprise ESG performance: A stakeholder behavior perspective

He, Xu; Jing, Qin-Lei; Chen, Hao

doi:10.1016/j.jenvman.2023.118578

Cited by 56 publications

(18 citation statements)

References 22 publications

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“…However, they do not have a significant impact on corporate social responsibility and corporate governance, indicating that the impact of the policy is still insufficient and that it needs to be combined with other practical policy tools to stimulate enterprises further to carry out green, high-quality transformation and improve their market performance. These findings complement studies by many people, which are often based on heavily polluting industry samples and, therefore, have some limitations [ 41 ].…”

Section: Further Analysissupporting

confidence: 62%

The impact of environmental protection tax on corporate performance: A new insight from multi angles analysis

Shen,

Wang

2024

Heliyon

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Section: Further Analysissupporting

confidence: 62%

The impact of environmental protection tax on corporate performance: A new insight from multi angles analysis

Shen,

Wang

2024

Heliyon

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“…To cater to investors (Huang, Li, et al, 2022;Jiang et al, 2022;Wang, Liu, & Wan, 2023), customers (Huang et al, 2023), and other stakeholders, companies may become active in ESG investment. In addition, consistent with institutional theory, regulatory pressures such as information disclosure (Cicchiello et al, 2023), environmental regulation , and green tax laws (He et al, 2023) also provide explanations for variation in corporate ESG performance.…”

Section: Esg Practices In Chinamentioning

confidence: 71%

“…In emerging economies, institutional factors are critical in shaping corporate behaviors (Hoskisson et al, 2000). In line with this, some scholars find that institutions on information disclosure (Cicchiello et al, 2023), environmental regulation , and green tax (He et al, 2023) generate important impacts on corporate ESG performance. However, the impact of external institutional factors remains inadequately investigated (Jackson & Apostolakou, 2010).…”

Section: Introductionmentioning

confidence: 87%

Striving for sustainable development: Green financial policy, institutional investors, and corporate ESG performance

Lei,

2023

Corp Soc Responsibility Env

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Environmental, social, and governance (ESG) practices play an increasingly important role in achieving sustainable development goals. Drawing on institutional theory, this paper empirically explores whether and how green financial policy affects corporate ESG performance. Taking China's pilot policy for green finance reform and innovation (GFP) as a quasi‐natural experiment, we employ the difference‐in‐differences model to investigate the causal relationship between green financial policy and corporate ESG performance. We find that the GFP significantly improves corporate ESG performance. The results are robust to a series of checks such as parallel trend examination, placebo test, mitigation of omitted variable bias, alternative variables, and the exclusion of contemporaneous policies. The heterogeneity analysis shows that the positive impact of GFP on corporate ESG performance is more pronounced for firms with tighter financial constraints, higher agency costs, and more external pressures. On this basis, we further document that the positive impact of GFP on corporate ESG performance is more pronounced for investee firms with more institutional ownership. The above findings indicate that the formal institution of government‐led green financial policy can positively affect corporate ESG performance, and market participants‐institutional investors help to strengthen this policy effect. Overall, our study sheds light on the significant role of green financial policy in promoting corporate sustainability.

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“…Environmental concepts, environmental training and action, employee protection, partner protection and social welfare are complementary to ESG performance. In particular, as governments continue to tighten environmental regulations, enterprises are being forced to meet government inspections [50]. The setting of environmental protection goals and management systems can be managed through the green design of products, the procurement of green materials, production and other processes [51].…”

Section: Configuration Analysis Of Conditionsmentioning

confidence: 99%

How to Improve the Environmental, Social and Governance Performance of Chinese Construction Enterprises Based on the Fuzzy Set Qualitative Comparative Analysis Method

Dang,

Peng,

Deng

2024

Sustainability

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The environmental, social and governance (ESG) performance of construction enterprises still needs to be improved. Therefore, in order to better utilize resources effectively to improve enterprise ESG performance, this paper explores the configuration paths for Chinese construction enterprises to improve their ESG performance using the (fuzzy set qualitative comparative analysis) fsQCA method. It was found that single conditions are not necessary to achieve high ESG performance. The improvement of the high ESG performance needs to be combined with synergistic effects of multiple conditions. The specific configuration paths consist of six types of conditions. They are the environmental goal and management-led improvement path, the environmental training and action-led improvement path, the environmental concept and partner protection joint-led improvement path, the environmental and social level synergistic improvement path and the two multifactorial composite improvement paths. Among them, the environmental concepts, environmental goal and management, environmental training and action, and partner protection are the core conditions. The other conditions also have a certain supporting role. This study will help the construction enterprises to effectively allocate resources and develop ESG strategies with limited resources. It will also provide a reference for the government to manage the ESG performance of enterprises.

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The impact of environmental tax laws on heavy-polluting enterprise ESG performance: A stakeholder behavior perspective

Cited by 56 publications

References 22 publications

The impact of environmental protection tax on corporate performance: A new insight from multi angles analysis

The impact of environmental protection tax on corporate performance: A new insight from multi angles analysis

Striving for sustainable development: Green financial policy, institutional investors, and corporate ESG performance

How to Improve the Environmental, Social and Governance Performance of Chinese Construction Enterprises Based on the Fuzzy Set Qualitative Comparative Analysis Method

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