Tax Incentives,Green Innovation and Carbon Emission Reduction Performance:Empirical Analysis Based on A-share Listed Companies in High-Carbon Industries
Based on the sample data of A-share listed companies in the high-carbon industries from 2011 to 2021,this paper uses two-way fixed effects model to study the impact and mechanism of tax incentives on carbon emission reduction performance of high-carbon enterprises.The results show that tax incentives can promote the improvement of carbon emission reduction performance of high-carbon enterprises,and this estimate still holds after a series of robustness checks;tax incentives have heterogeneous effects on the improvement of carbon emission reduction performance of high-carbon enterprises with different technical attributes and external environments,and the promoting effect of tax incentives on the carbon emission reduction performance of high-carbon enterprises which belong to strategic emerging industries and located in low carbon pilot cities is more obvious.Introducing corporate green technological innovation as a mediator between tax incentives and the improvement of carbon emission reduction performance in high-carbon enterprises,through the analysis of mediating mechanism,it was found that for high-carbon enterprises,corporate green technological innovation does have a mediating effect between tax incentives and the improvement of carbon emission reduction performance.Meanwhile,there is a significant policy synergy between tax incentives and environmental regulations.
tax incentivescarbon emission reduction performancecorporate green technologicalhigh-carbon enterprises
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