Study on the Continuous Effect of Environmental Protection Fee to Tax Reform on Enterprise ESG Performance
The A-share listed companies in heavy pollution industries in Shanghai and Shenzhen stock markets from 2015 to 2021 were selected as the treatment group,and the listed companies in non-heavy pol-lution industries were selected as the control group.The double difference method was used to study the impact of environmental protection fee to tax reform on the ESG performance of enterprises.The study results show that the environmental protection fee to tax reform has significantly and continuously improved the ESG performance of enterprises.The results of heterogeneity analysis show that the effect of environmental protection fee to tax policy exists significantly in the group of enterprises with large assets,which is not affected by the difference of inter-provincial tax standards.Further analysis shows that the change of environmental protection fee to tax can improve the ESG performance of enterprises by increasing technological innovation.
environmental protection fee to tax reformenvironmental protection taxESG performancetechnological innovation
国家科技期刊平台
NSTL
万方数据
维普
