Regulatory effects of environmental protection tax law on corporate practices in China

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-13 DOI:10.1016/j.frl.2024.106469

Dan Xu , Cuihua Wu

引用次数: 0

Abstract

This study focuses on the regulatory effects of China's Environmental Protection Tax Law (EPTL) on corporate practices. Furthermore, it examines the impact of this tax law on firm financial performance mediated by firm environmental, social, and governance (ESG) performance and firm innovation. Our findings indicate that the EPTL positively influences financial outcomes, with ESG and innovation as critical intermediaries. Recommendations include refining the EPTL by providing increased incentives for firms to adopt ESG practices and invest in innovation, fostering a stronger alignment between environmental legal frameworks and corporate behavior.

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环境保护税法对中国企业行为的监管效应

本研究侧重于中国《环境保护税法》（EPTL）对企业实践的监管效应。此外，本研究还探讨了以企业环境、社会和治理（ESG）绩效和企业创新为中介，该税法对企业财务绩效的影响。我们的研究结果表明，EPTL 对财务结果产生了积极影响，而环境、社会和治理（ESG）以及创新则是其中的关键中介。建议包括完善 EPTL，为企业采用 ESG 实践和投资创新提供更多激励措施，促进环境法律框架与企业行为之间更紧密的联系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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