Research on the Impact of "Environmental Protection Fee Tax Reform" on High Quality Development of Enterprises

Shuxian Li

doi:10.6981/FEM.202412_5(12).0030

Authors

Shuxian Li

DOI:

https://doi.org/10.6981/FEM.202412_5(12).0030

Keywords:

Abstract

China's economy has transitioned from a phase of rapid growth to one of high-quality development, with total factor productivity serving as the pivotal indicator for gauging the quality of economic expansion. This study utilizes a sample of listed companies spanning from 2013 to 2022 and employs a difference-in-differences (DID) model to examine the influence of environmental protection taxes on the high-quality progress of these listed entities. The findings reveal that the "reform of environmental protection fees into taxes" exerts a notably positive influence on the high-quality advancement of listed companies operating in heavily polluting sectors, further facilitating this progress through enhanced technological innovation, aligning with the pertinent theories of Porter's hypothesis. A heterogeneous analysis uncovers that environmental protection taxes exert a more pronounced effect on the high-quality development of listed companies in the eastern region and within the secondary industry.

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