Will the Environmental Taxation Improve Enterprise Performance:Based on the Perspective of China's Pollution Charge to Environmental Taxation
In 2018,China implemented an important tax reform,which changed the traditional pollutant discharge fee into environmen-tal protection tax.In order to explore the implementation effect of this reform,this paper takes Shanghai and Shenzhen A-share indus-trial listed companies from 2014 to 2020 as the research sample,and empirically tests the impact of the policy of changing pollutant dis-charge fee into environmental protection tax on the performance of industrial enterprises and its influencing mechanism.This research finds that the change of pollutant discharge fee into environmental protection tax has an enhancing effect on enterprise performance;the impact of the levy of environmental protection tax on enterprise performance is realized by promoting technological innovation and reduc-ing agency costs;the policy effect of the change of pollutant discharge fee into tax is heterogeneous,and the policy effect is more obvi-ous in enterprises with low financing constraints,enterprises in the three major economic zones,large-scale enterprises and state-owned enterprises.
国家科技期刊平台
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