华北水利水电大学学报（社会科学版）2024，Vol.40Issue(4)：47-59,13.DOI:10.13790/j.ncwu.sk.2024.044
环境保护税与高耗能上市企业财务绩效研究
Research on Environmental Protection Tax and Financial Performance of Highly Polluting Listed Enterprises
摘要
Abstract
The Environmental Protection Tax(EPT)has attracted considerable attention as a key policy tool to guide high-energy-consuming enterprises in improving the ecological environment.Analysing the implementation effects and roles of the EPT is of great significance for implementing the national strategy of green development and achieving high-quality development in high-energy-consuming industries.This study utilises data from listed com-panies in three high-energy-consuming industries in the A-share market in China from 2013 to 2022,including min-ing,manufacturing,and the production and supply of electricity,heat,gas,and water.Using a double-difference model,the relationship between the EPT and the financial performance of high-energy-consuming enterprises is an-alysed.The research conclusions are drawn through robustness analysis,adjustment effect analysis,and heteroge-neity analysis.First,the implementation of the EPT has a positive impact on environmental protection and corpo-rate performance.Second,it encourages and supports enterprises to invest in research and development of environ-mental protection technologies.Third,it encourages and urges high-energy-consuming enterprises to accelerate green transformation.The study further recommends implementing measures such as establishing a tiered tax sys-tem,differentiated tax strategies,strengthening financial incentives for small enterprises,and creating information sharing and cooperation platforms.These measures aim to encourage high-energy-consuming enterprises to embrace the concept of green development,accelerate green transformation,and achieve a win-win synergy between green development and environmental protection.关键词
环境保护税/企业财务绩效/高耗能企业/研发支出/双重差分Key words
environmental protection tax/corporate financial performance/highly polluting enterprises/R&D expenses/difference-in-differences分类
管理科学引用本文复制引用
年子仪,吴潇,俞洋..环境保护税与高耗能上市企业财务绩效研究[J].华北水利水电大学学报（社会科学版）,2024,40(4):47-59,13.基金项目
河南省重点研发与推广专项(212400410457) （212400410457）
河南省政府决策研究招标课题(2023JC038) （2023JC038）
