The nature of state-owned enterprises and collection of pollutant discharge fees: A study based on Chinese industrial enterprises

Huang, Liangxiong; Liu, Shulin; Han, Yong‐Sup; Peng, Keming

doi:10.1016/j.jclepro.2020.122420

Cited by 30 publications

(16 citation statements)

References 43 publications

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“…Some scholars believe that state-owned enterprises can strengthen their profitability through natural resources rent [ 86 ]. However, other scholars hold the opposite opinions, in that as state-owned enterprises function as an instrument to enforce government policies, they may underperform in financial outcomes to reach non-commercial goals [ 87 , 88 ]. Water issues are highly related to human rights [ 57 ] (Hazelton,2013), and state-owned enterprises need to bear more responsibilities to protect civil rights.…”

Section: Resultsmentioning

confidence: 99%

“…Water issues are highly related to human rights [ 57 ] (Hazelton,2013), and state-owned enterprises need to bear more responsibilities to protect civil rights. For example, Huang et al [ 87 ] found that state-owned enterprises pay more pollutant discharge fees. Our research shows (as shown in R4 and R5) that water risk moving from the first quartile (0.1135) to the third quartile (0.2132) can reduce the financial performance of state-owned enterprises by 0.76%, while non-state-owned enterprises only suffer 0.215% losses.…”

Section: Resultsmentioning

confidence: 99%

“…When considering the difference in ownership, we find that the water regulation seems to intensify the negative effect of water vulnerability on SOE financial performance but has no significant impact on non-SOEs. As demonstrated before, SOEs may underperform in financial performance to reach non-commercial goals [ 87 , 88 ]. Water vulnerability threatens social welfare, so SOEs may bear more responsibility for water issues, which may increase their operating costs [ 87 ].…”

Section: Resultsmentioning

confidence: 99%

See 2 more Smart Citations

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

Zheng

Wang

et al. 2022

IJERPH

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This study aims to understand the potential relationship between water vulnerability and corporate financial performance for listed companies in China. Studies have argued that water risk has begun to affect the sustainability of firms, but few studies have included water conditions in the research framework to examine whether and how water conditions have a direct impact on firms. In addition, studies on environment governance have emphasized the impact of government environmental regulation on firms. This study focuses on both regulation and government investments that have been previously neglected. Using a sample of Chinese listed companies from 2016 to 2020, this paper uses pooled cross-sectional regressions with year and industry fixed effects to examine the effects of water vulnerability on corporate financial performance and analyze the mechanism of government water governance (which can be divided into water regulation and water investment) on the relationship between water vulnerability and corporate financial performance. This study finds that water vulnerability could negatively impact corporate financial performance, and water regulation can intensify but water investment couldn’t significantly relieve the negative impact. The relationships above differ between SOEs and non-SOEs and water-intensive and non-water-intensive industries.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

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Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

Zheng

Wang

et al. 2022

IJERPH

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“…The research on the pollution charge system is relatively affluent. The existing studies have verified that the pollutant discharge fee system plays a vital role in pollution control, energy conservation, and emission reduction (12,13). However, some studies have also pointed out the shortcomings of the pollutant discharge fee system in the implementation process, such as low levy standards, many administrative interventions, non-standard levies, and lack of compulsory and standardized, which affect the effectiveness of its emission reduction (14).…”

Section: Introductionmentioning

confidence: 99%

The effects of environmental tax reform on urban air pollution: A quasi-natural experiment based on the Environmental Protection Tax Law

Guo

Wang

et al. 2022

Front. Public Health

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Air pollution significantly impacts sustainable development and public health. Taking the implementation of China's Environmental Protection Tax Law in China as a quasi-natural experiment, this paper employs the difference-in-differences (DID) and spatial DID models to evaluate the effects of environmental tax reform on urban air pollution. The findings are as follows. (1) Environmental tax reform can significantly reduce urban air pollution, and a series of robustness tests have also been conducted to provide further evidence. (2) Green technology innovation and industrial structure upgrading from a vital transmission mechanism for environmental tax reform to improve air quality. (3) Environmental tax reform significantly inhibits urban air pollution in cities located north of the Qinling-Huaihe line and big cities. (4) Moreover, environmental tax reform not only promotes the improvement of local air quality but also has a significant negative spatial spillover effect, reducing air pollution in neighboring cities. The research conclusions provide theoretical support and policy suggestions for promoting sustainable economic development, rationally optimizing environmental protection tax policies and improving urban air quality.

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“…Singapore NPV [35] As we cannot obtain external cost analogous to internal cost, the marginal damage cost of each impact category is used to calculate external costs. Marginal damage cost data are usually obtained based on the willingness to pay (WTP) theory or other national policies, such as tax credits, pollution charges, or carbon taxes [19,[36][37][38]. The WTP method is that people are willing to pay a certain amount of money to avoid (or exchange) a certain change [39].…”

Section: Introductionmentioning

confidence: 99%

Life Cycle Cost of Electricity Production: A Comparative Study of Coal-Fired, Biomass, and Wind Power in China

et al. 2021

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Economic cost is decisive for the development of different power generation. Life cycle cost (LCC) is a useful tool in calculating the cost at all life stages of electricity generation. This study improves the levelized cost of electricity (LCOE) model as the LCC calculation methods from three aspects, including considering the quantification of external cost, expanding the compositions of internal cost, and discounting power generation. The improved LCOE model is applied to three representative kinds of power generation, namely, coal-fired, biomass, and wind power in China, in the base year 2015. The external cost is quantified based on the ReCiPe model and an economic value conversion factor system. Results show that the internal cost of coal-fired, biomass, and wind power are 0.049, 0.098, and 0.081 USD/kWh, separately. With the quantification of external cost, the LCCs of the three are 0.275, 0.249, and 0.081 USD/kWh, respectively. Sensitivity analysis is conducted on the discount rate and five cost factors, namely, the capital cost, raw material cost, operational and maintenance cost (O&M cost), other annual costs, and external costs. The results provide a quantitative reference for decision makings of electricity production and consumption.

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The nature of state-owned enterprises and collection of pollutant discharge fees: A study based on Chinese industrial enterprises

Cited by 30 publications

References 43 publications

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance

The effects of environmental tax reform on urban air pollution: A quasi-natural experiment based on the Environmental Protection Tax Law

Life Cycle Cost of Electricity Production: A Comparative Study of Coal-Fired, Biomass, and Wind Power in China

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