Government environmental protection subsidies, environmental tax collection, and green innovation: evidence from listed enterprises in China

Jiang, Zhangsheng; Xu, Chenghao; Zhou, Jingtao

doi:10.1007/s11356-022-22538-3

Cited by 51 publications

(21 citation statements)

References 44 publications

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“…Assisted by green subsidies, firms show better environmental performance than those without (Lin et al, 2015). Jiang et al (2022) found a positive relationship between environmental protection subsidies and enterprise green innovation. Regulatory policies pressure firms to comply with environmental protection requirements and have a higher quality of environmental performance (Liu et al, 2021).…”

Section: Time Trend Analysis Of Forestry Ceermentioning

confidence: 90%

“…From the perspective of environmental responsibility content, almost all existing studies implicitly regard enterprises as "the source of pollution" (Liu et al, 2021;Jiang et al, 2022). Thus the CER content is tied up with "pollution mitigation" (Yang, 2012), and the study object focuses on heavy pollution industries with negative externalities, such as steel, food processing, and mineral industries (Kovalevsky et al, 2018;Chen et al, 2020).…”

Section: Literature Summarymentioning

confidence: 99%

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Combined evaluation of corporate ecological and environmental responsibility: Evidence for forest preservation from Chinese forestry companies

et al. 2022

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The ecological benefit of forest has an important influence on the sustainable development of society, thus, forest management has become a critical strategic action. Forest preservation is an inclusive process which depends on collaboration among a wide range of stakeholders. Forestry companies, who own and manage forest resources, are responsible for forest preservation and ecological construction, which is called corporate ecological environmental responsibility (CEER). Most existing analyses, however, were limited to corporate environmental responsibility (CER) and ignored the ecological responsibility of forestry enterprises. Therefore, in order to better play the role of forestry companies in forest preservation, it is urgent to define the content and the measurement of CEER. This paper established a CEER index system based on the characteristics of forestry enterprises. Furthermore, evaluated the CEER level of forestry enterprises using the combined evaluation method based on the GINI criterion, which is more effective and reasonable. It is found that forestry ecological environmental responsibility emphasizes ecological improvement and has shifted from traditional environmental protection to ecological construction. Qingshan Paper, Sun Paper, and Yong’an Forestry perform the best in CEER among all forestry companies. In addition, the results showed a low level but an obvious upward trend in forestry CEER and a noticeable heterogeneity in the performance of CEER in different forestry industries. Our findings can be useful for further promoting the ecological benefits of forest companies and developing relevant policies.

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Section: Time Trend Analysis Of Forestry Ceermentioning

confidence: 90%

Section: Literature Summarymentioning

confidence: 99%

Combined evaluation of corporate ecological and environmental responsibility: Evidence for forest preservation from Chinese forestry companies

et al. 2022

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“…Currently, it is mainly considered that CER refers to protecting the environment [19]. That is, in the process of carrying out production and business activities, enterprises should actively undertake CER to fulfill the important social responsibility of protecting the ecological environment, contributing to the sustainability of resources, and reducing the emission of pollutants [3,4,20,21]. CER is subdivided into two types, one of which is the responsibility of peremptory legal norms, and the other is the responsibility of arbitrary legal norms [22].…”

Section: Literature Analysis and Research Hypothesismentioning

confidence: 99%

Sustainable Practices and Performance of Resource-Based Companies: The Role of Internal Control

Liu,

Pan,

Lin

et al. 2024

Sustainability

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As the concept of sustainable resource usage gains popularity, resource-based companies are faced with the challenge of reconciling environmental responsibility with corporate performance to achieve the “coexistence” of environmental and economic benefits. We take data related to RBCs for 2010–2020 and perform a multiple regression analysis of the data. This study focuses on the role of internal control in analyzing the impact of resource-based companies (RBCs) on corporate financial performance (CFP) while assuming corporate environmental responsibility (CER). The findings reveal that the fulfillment of CER by RBCs positively impacts CFP. We then add a moderating test to observe the role of internal controls in the relationship between the two. The results show that the positive effect of CER on CFP is greater with stronger internal control measures. In addition, we introduce heterogeneity analysis to analyze the effect of firm ownership. The moderating effect is diminished in privately owned companies. This research provides empirical evidence for the moderating effect of internal control on the connection between CER and CFP while also considering the influence of ownership.

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“…Compared with other environmental regulation tools, ET can more effectively internalize the cost of external social governance, thereby guiding firms to purchase environmental protection equipment and improve process technology (Meng, 2021). However, related studies on whether the ETes can promote corporate green technology innovation have been inconclusive (Jiang et al, 2022;Liu et al, 2021a, b;Sharif et al, 2022;Tan, 2021;Wang and Yu, 2021;Zhen and Jiang, 2021). This paper aims to address how ETes affect GPI using related theories.…”

Section: Theoretical Review and Hypotheses Development 21 Environment...mentioning

confidence: 99%

How do environmental taxes affect green process innovation? Evidence from the Chinese manufacturing industry

Wei

Zhang

Ji-nan

2023

JMTM

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PurposeThe absence of government intervention and market supervision cannot effectively promote green process innovation in manufacturing industries. As a new government regulation approach, environmental taxes provide a platform to internalize the externality of environmental pollution. This paper empirically investigates the impact of environmental taxes on green process innovation and the moderating effects of industry pollution heterogeneity and green credit.Design/methodology/approachThis research collects manufacturing industry data ranging from 2008 to 2020, resulting in a total of 351 observations. Time-individual, two-way fixed effect models are constructed to examine the hypotheses.FindingsThe results indicate environmental taxes have an inverted-U effect on green process innovation in manufacturing industries. Implementation intensity of the current environmental taxes on China's manufacturing industries does not reach an inflection point. Further analysis suggests that environmental taxes exert influence on the inverted-U relationship with low-pollution industries displaying a steeper curvilinear pattern than high-pollution industries. Moreover, the analysis shows that green credit plays a moderating role in the inverted-U relationship, as low green credit provides more limited stimulus than high green credit in terms of the effect of environmental taxes on green process innovation.Research limitations/implicationsThis study offers empirical evidence to accommodate negative externalities of corporate production and provides new perspectives in nudging corporate green-process innovation.Originality/valueThis paper verifies the effect of environmental taxes on green process innovation amid industry pollution heterogeneity by introducing an industrial-level analysis unit. This study improves the means by which environmental taxes are measured. Existing literature has narrowly used pollution discharge fees as a proxy for environmental taxes. The authors have summed up the taxes on vehicle and vessels, urban land use, urban maintenance and construction, vehicle purchases, waste gas, wastewater and solid waste to measure the effect of environmental taxes in this study.

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Government environmental protection subsidies, environmental tax collection, and green innovation: evidence from listed enterprises in China

Cited by 51 publications

References 44 publications

Combined evaluation of corporate ecological and environmental responsibility: Evidence for forest preservation from Chinese forestry companies

Combined evaluation of corporate ecological and environmental responsibility: Evidence for forest preservation from Chinese forestry companies

Sustainable Practices and Performance of Resource-Based Companies: The Role of Internal Control

How do environmental taxes affect green process innovation? Evidence from the Chinese manufacturing industry

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