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| Study on the Impact of Green Tax Reform on Corporate Environmental Performance |
| YU Lianchao，GENG Hongji，BI Qian |
| 1. Lanzhou University, Lanzhou, China; 2.Southwest University, Chongqing, China |
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Abstract Taking the implementation of the Environmental Protection Tax Law in 2018 as an opportunity, this study explores the impact of green tax reform on corporate environmental performance using a double difference method based on empirical data of A-share industrial enterprises from 2013 to 2019. The results show that green tax reform can significantly enhance corporate environmental performance, and the enhancement is increasing over time. An examination of the market system and the environmental system shows that green tax reform is more likely to enhance corporate environmental performance when the market system is poor, government regulation is strong, and media monitoring is strong. An exploration of the impact mechanism reveals that the mechanism of green tax reform to enhance corporate environmental performance lies in promoting corporate environmental investment and corporate green innovation. And the mechanism effect of promoting corporate green innovation, a long-term approach, is more significant than that of promoting corporate environmental investment, a short-term approach.
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Received: 04 January 2022
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