摘要
以2018年推行的《中华人民共和国环境保护税法》为外生冲击,以2015—2020年制造业上市公司的企业及省份层面数据为样本,探讨环境规制能否推动企业财务绩效的提升。研究发现,环境规制对企业财务绩效有显著的提升作用,环境规制通过刺激企业开展技术创新来改善财务绩效。异质性分析表明,对非国有企业及东部地区的企业而言,其提升作用更加显著。研究发现有助于理解二者间的内在机制,为推动生态与经济协调发展提供有力的经验证据。
Taking the“Environmental Protection Tax Law of the People’s Republic of China”implemented in 2018 as an exogenous impact,and taking the data of manufacturing listed enterprises and provinces from 2015 to 2020 as samples,whether environmental regulation could promote the improvement of corporate financial performance was explored.The results are as follows.Environmental regulation has a significant effect on corporate financial performance,and it improves financial performance by stimulating enterprises to carry out technological innovation.Heterogeneity analysis finds that the promotion is more remarkable for non-state enterprises and enterprises in the eastern region.These are helpful to understand the internal mechanism between the two,and strong empirical evidence for promoting the coordinated development of ecology and economy are put forward.
作者
陈思吉
CHEN Siji(School of Management,Hefe University of Technology,Hefei 230009,China)
出处
《科技和产业》
2023年第22期40-47,共8页
Science Technology and Industry
关键词
环境规制
费改税
财务绩效
技术创新
双重差分模型
environmental regulation
fee to tax
financial performance
technological innovation
difference-in-differences model
