Study on the Effect of Fiscal, Tax and Financial Policies Synergizing to Promote Enterprises' Green and Low-Carbon Transformation

Qingjia Zhang

doi:10.6981/FEM.202504_6(4).0023

Authors

Qingjia Zhang

DOI:

https://doi.org/10.6981/FEM.202504_6(4).0023

Keywords:

Fiscal Policy; Financial Policy; Green and Low-carbon Transition.

Abstract

There is a consensus to strengthen the synergy of fiscal and financial policies to promote the green and low-carbon transformation of enterprises. This study uses data on A-share listed companies from 2007 to 2020 to construct a fixed-effects model to compare and analyze the impact of fiscal and financial policies on the green and low-carbon transformation of enterprises, as well as the impact of the synergistic effect of fiscal and financial policies on the green and low-carbon transformation of enterprises from a micro point of view, and calculates the degree of coupling and coordination between fiscal and financial policies from a macro point of view. The results show that fiscal and financial policies can significantly affect the green and low-carbon transformation of enterprises; however, the impact of financial policies on the green and low-carbon transformation of enterprises is not significant under the condition of greater support for fiscal policies, and the coupling synergy degree of fiscal, tax, and financial policies as a whole shows an upward trend.

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