دورية أكاديمية
Environmental taxes, technological innovation and firm performance: Evidence from China's manufacturing firms
| العنوان: | Environmental taxes, technological innovation and firm performance: Evidence from China's manufacturing firms |
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| المؤلفون: | Aiwu Zhao, Huizheng Zhang, Yilin Liu, Hongjun Guan |
| المصدر: | Heliyon, Vol 10, Iss 10, Pp e31386- (2024) |
| بيانات النشر: | Elsevier, 2024. |
| سنة النشر: | 2024 |
| المجموعة: | LCC:Science (General) LCC:Social sciences (General) |
| مصطلحات موضوعية: | Environmental taxes, Technology innovation, Firm performance, Porter hypothesis, PSM-DID, Science (General), Q1-390, Social sciences (General), H1-99 |
| الوصف: | Based on panel data from 2011 to 2019 for heavily polluting listed firms in the manufacturing industry, this paper examines the impact of environmental taxes on technological innovation and firm performance using the propensity score matching (PSM) and differences-in-differences (DID) methods. The empirical results show the following: (i) Firm performance and innovation quantity are positively affected by environmental taxes. The average effects of environmental taxes on firm performance and innovation quantity are 1.28 and 0.219, respectively. However, environmental taxes have no significant impact on innovation quality. (ii) A mechanism analysis reveals that innovation quantity plays a significant partial mediating role in the positive effect of environmental taxes on firm performance. (iii) Heterogeneity analysis shows that different environmental tax rates lead to a variation in innovation quantity and firm performance across regions. The positive effect of environmental taxes on innovation quantity is only confirmed in high-tax and low-tax areas. Meanwhile, high environmental taxes are related to better firm performance. Based on the research, policy recommendations are put forward to optimise environmental taxes, such as improving the environmental tax system and coordinating environmental tax and innovation policies. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2405-8440 |
| Relation: | http://www.sciencedirect.com/science/article/pii/S2405844024074176; https://doaj.org/toc/2405-8440 |
| DOI: | 10.1016/j.heliyon.2024.e31386 |
| URL الوصول: | https://doaj.org/article/1adced457c9b41549ae6e3de07d21423 |
| رقم الأكسشن: | edsdoj.1adced457c9b41549ae6e3de07d21423 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 24058440 |
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| DOI: | 10.1016/j.heliyon.2024.e31386 |