Impact of policy of changing environmental protection fee into tax on enterprise ESG performance
As a new concept and hot topic in study of enterprise sustainable development ability at present,enterprise ESG performance is a comprehensive index composed of environment,social responsibility and governance.Using a fixed-effect model of difference-in-differences and the data of A-share listed companies from 2015 to 2022,the paper explores the impact of changing environmental protection fee into tax on enterprise ESG performance and the correspond-ing mechanism.It finds that changing environmental protection fee into tax has a significant promoting effect on enterprise ESG performance;the policy strengthens enterprise ESG performance through green governance performance and green technology innovation path;and under the background of changing environmental protection fee into tax,enterprise ESG performance has improved more significantly in the samples of non-state-owned enterprises or enterprises in growth peri-od and elimination period with high level of legalization.The study provides important information for the government,en-terprises and external investors.
万方数据
维普
