The influence of environmental tax reform on corporate profit margins—based on the empirical research of the enterprises in the heavy pollution industries

He, Xu; Jing, Qin-Lei

doi:10.1007/s11356-022-24893-7

Cited by 9 publications

(4 citation statements)

References 41 publications

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“…To eliminate the sample self-selection bias, we use the PSM method to alleviate possible endogenous questions. In line with [61], firms in heavy polluting industries are selected as the experimental group, while firms in other industries are selected as the control group. We set the "dummy variable of whether the firm is of a heavy pollution industry" (TREAT) for the PSM regression.…”

Section: Psmmentioning

confidence: 99%

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Cao,

She,

Cao

et al. 2024

Sustainability

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In the wave of the digital economy and “carbon neutrality”, digital governance and green governance are effective measures for firms to achieve sustainable development goals. The purpose of this paper is to examine the impact of environmental protection tax (EPT) policies on green innovation (GI) using panel data from Chinese A-share listed firms from 2010 to 2022. Using fixed effects models, we find that EPT significantly promotes firms’ GI. Mechanism tests reveal that digitalization and environment, social, and governance (ESG) performance both mediate the relationship between EPT and GI. Further analysis shows that government subsidies and analyst coverage both strengthen the effect of EPT on GI, while supplier concentration exerts a reverse moderating influence. Economic outcome tests confirm the multiple impacts of EPT in improving total factor productivity (TFP) and economic performance through GI. Our findings contribute to fulfilling the extant literature gap on the relationship between EPT and GI, and provide practical insights for firms engaged in digital and green governance.

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Section: Psmmentioning

confidence: 99%

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Cao,

She,

Cao

et al. 2024

Sustainability

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“…According to Akio Yamazaki (2022), rather than diverting resources from production, environmental taxes contribute to a net increase in firm productivity by encouraging investments in environmental protection [13]. Xu He (2022) analyzed data from a sample of listed companies in China from 2015 to 2020 and discovered that environmental tax reforms have a positive impact on corporate profitability while curbing corporate pollution behaviors [14]. Zastempowski (2023) analyzed business survey data collected from 13 EU member states in 2014 and discovered that the implementation of environmental taxes motivated companies to replace fossil fuel with renewable energy sources [15].…”

Section: Literature Reviewmentioning

confidence: 99%

Spatial and Heterogeneity Analysis of Environmental Taxes’ Impact on China’s Green Economy Development: A Sustainable Development Perspective

Rao

Васа

et al. 2023

Sustainability

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Environmental taxation is an important tool used by governments to promote resource conservation and environmental protection. Given the current global constraints on resources and increasing environmental degradation, exploring how environmental taxes can effectively stimulate the development of a green economy is of utmost importance. This study utilized panel data from 30 provinces, autonomous regions, and municipalities in China, covering the period from 2006 to 2020. The research findings indicate a spatial correlation between environmental taxes and green economic efficiency in China, with the former significantly promoting the development of the latter. A heterogeneity analysis revealed varying impacts of different taxes on the efficiency of green economic development in different regions. Controlling for variables, the study results demonstrated a negative correlation between industrial structure and green economic efficiency, with a significance level of 1%. Additionally, no correlation was found between pollution control efforts and green economic benefits. The effects of different taxes on regional efficiency varied, and industrial structure exhibited a negative correlation with green economic efficiency. This study recommends strengthening intergovernmental coordination, improving tax policies, optimizing industrial structure, and enhancing the pollution control efficiency of local governments to promote China’s green economy.

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“…Lo que en un principio fue una iniciativa liderada por un reducido grupo de países europeos, se ha extendido gradualmente para incluir a diversas naciones y regiones alrededor del mundo, con el fin de abordar los problemas ambientales y de sostenibilidad en general, debido a la creciente contaminación ambiental global que causa las emisiones deliberadas de las empresas para así emplear un sistema de valores con el fin de proporcionar datos y ejercer influencia sobre los estímulos-para corregir las desviaciones que perjudican el entorno y obstaculizan un aprovechamiento sensato de los recursos naturales. Siguiendo la premisa de que "quien contamina asume los costos" [24], [27], [28]. Sin embargo, según [29] la RFA también se ha vuelto cada vez más atractiva para los reguladores de países en desarrollo como China, Tailandia, Chile y México, debido a su capacidad para abordar las externalidades ambientales, aumentar los ingresos, proyectar la viabilidad a largo plazo de la ecología natural y significativamente el nivel de productividad total de los factores de las empresas altamente contaminantes [30], [31].…”

Section: Rfa: Recorrido Mundialunclassified

Environmental Fiscal Reform and the Challenge of the Oil Palm. Towards Sustainable Production

Agudelo Padilla,

Cantillo Orozco,

Castro Porto

et al. 2023

Proceedings of the 3rd LACCEI International Multiconference on Entrepreneurship, Innovation and Regional Development (LEIRD 202

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The oil palm agroindustry has experienced significant growth in recent decades due to the increasing global demand for palm oil and its derivatives. However, this rapid development has raised concerns about its adverse impacts on the environment. In this literature review article, environmental fiscal reforms implemented in the oil palm sector are examined, with the objective of analyzing how the application of fiscal incentives and the incorporation of green taxes can promote more sustainable and environmentally responsible practices in this sector. This research was based on an exhaustive review of the scientific and technical literature available on the subject of environmental fiscal reforms in the oil palm agroindustry. Academic databases such as Scopus, Sciencedirect and websites of governmental and environmental organizations were searched using key terms related to oil palm, environmental taxation, incentives and fiscal taxes. The search equation was TITLE-ABS-KEY (("Green Taxes" OR "Tax Incentives" OR "tax reduction" OR "environmental tax")) AND (LIMIT-TO (SUBJAREA, "AGRI") OR LIMIT-TO (SUBJAREA, "ENVI") OR LIMIT-TO (SUBJAREA, "ECON") OR LIMIT-TO (SUBJAREA, "SOCI")) AND (LIMIT-TO (EXACTKEYWORD, "Environmental Tax Reform")) AND (LIMIT-TO (DOCTYPE, "ar")) AND (LIMIT-TO (SRCTYPE, "j")), which yielded 74 articles, which were processed with the help of R Studio's Biblioshiny and VOSviewer for bibliometric analysis. This analysis was complemented with a systematic review of the literature where the context of oil palm, its advantages and disadvantages for the global and national economy, the problem of deforestation and loss of biodiversity, environmental tax reforms, environmental taxes as a commitment to the SDGs and tax incentives for the sustainability of oil palm were identified. The results reflect the global interest in contributing to environmental conservation through Environmental Fiscal Reforms, which is why several economies have opted to focus on decarbonization through the production of renewable energies such as biogas, which in turn encourages the growth of the oil palm industry. Similarly, there is a notable interest in scientific production on the subject, especially in European countries, where Germany, the United Kingdom, China and the United States lead the ranking with the highest number of articles and citations, as opposed to LatinAmerica, where there are no publications on the subject under study. In short, it can be concluded that there is growing concern about climate change and the alternatives to reduce its impact, which is why environmental tax, tax reform, environmental economics and energy policy are seen as driving research topics.

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The influence of environmental tax reform on corporate profit margins—based on the empirical research of the enterprises in the heavy pollution industries

Cited by 9 publications

References 41 publications

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Environmental Protection Tax and Green Innovation: The Mediating Role of Digitalization and ESG

Spatial and Heterogeneity Analysis of Environmental Taxes’ Impact on China’s Green Economy Development: A Sustainable Development Perspective

Environmental Fiscal Reform and the Challenge of the Oil Palm. Towards Sustainable Production

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