The Impact of Environmental Protection Tax on Corporate ESG Responsibility Fulfillment:Green Innovation or Resource Allocation
Environmental protection tax effectively regulates environmental pollution to achieve green development,and the ESG responsibility fulfillment concept is highly consistent with green development.Selecting Chinese A-share listed companies from 2018 to 2022 as research samples,a two-way fixed effects model was used to empirically test the impact of environmental protection tax on corporate ESG responsibility fulfillment.The study found that:there is a"U"shaped relationship between environmental protection tax and ESG responsibility fulfillment,and after reaching a certain stand-ard,the ESG fulfillment of enterprises continues to improve with the strengthening of environmental protection tax collec-tion;The environmental protection tax has a U-shaped effect on the three paths of green technology innovation,manage-ment of green innovation,and optimization of resource allocation,with a first inhibitory and then promoting effect.The dual effects of green innovation and resource allocation promote ESG performance;The less intense the market competi-tion,the higher the reputation score of the enterprise,and the more friendly the political business relationship,the inhib-itory effect of environmental protection tax on ESG promotion.However,once entering a turning point,the positive im-pact on the improvement of ESG performance of the enterprise is more significant.
万方数据
维普
