工业技术经济2024，Vol.43Issue(6)：61-70,10.DOI:10.3969/j.issn.1004-910X.2024.06.007
绿色税制改革影响企业ESG表现
Green Tax Reform Affects ESG Performance of Enterprises
摘要
Abstract
Improving the ESG performance of heavy polluting enterprises is an important source to realize the green and high-quality development of Chinese enterprises.In essence,ESG can effectively measure the degree of green transformation of enterpri-ses.Green tax reform will reduce the cost of enterprises and promote the green transformation of heavily polluting enterprises.Based on the data of Shanghai and Shenzhen A-share listed companies from 2015 to 2022,this paper finds that green tax reform can im-prove the ESG performance of heavily polluting enterprises by reducing the tax burden,equity capital cost and debt financing cost of enterprises.Further analysis shows that the promotion effect of green tax reform on ESG of heavily polluting enterprises is more prominent in enterprises with high financing constraints,non-state-owned enterprises and enterprises with good regional legal envi-ronment.Green tax reform can improve the performance of enterprises by improving the level of ESG,and reduce the risk of short-term debt and bankruptcy.These results show that the green tax reform can effectively reduce the cost of enterprises and promote the green and high-quality development of heavy polluting enterprises.This paper expands the relevant research on the policy effect of green tax reform,and provides a useful reference for the green transformation of heavy polluting enterprises from the perspective of enterprise cost.关键词
绿色税制改革/ESG/高质量发展/税收负担/债务融资成本/权益资本成本Key words
green tax reform/ESG/high-quality development/tax burden/debt financing costs/cost of equity capital分类
管理科学引用本文复制引用
舒泰一,赵田田,万谍,李艳..绿色税制改革影响企业ESG表现[J].工业技术经济,2024,43(6):61-70,10.基金项目
云南师范大学研究生科研创新基金项目"绿色金融与碳排放效率耦合协调的时空分异及响应"(项目编号:YJSJJ23-B21) （项目编号:YJSJJ23-B21）
国家社会科学基金一般项目"注册制推行对A股主要定价因子的影响研究"(项目编号:21BJY265). （项目编号:21BJY265）
