The impact of big data tax administration on corporate ESG—A quasi-natural experiment based on Golden Tax Project III

IF 1.9 Q2 BUSINESS, FINANCE China Journal of Accounting Research Pub Date : 2024-07-16 DOI:10.1016/j.cjar.2024.100378
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Abstract

Environmental, social and governance (ESG) practices are pivotal to global sustainability yet face challenges. Based on the implementation of Golden Tax Project III, we find that big data tax administration decreases corporate ESG performance. Mechanism tests indicate that Golden Tax Project III can reduce tax avoidance, cash flow and green innovation, thereby inhibiting ESG through the “taxation effect.” Conversely, the project can reduce agency costs and improve information transparency, thus promoting ESG performance through the “governance effect.” Overall, however, the project inhibits corporate ESG performance. According to further analysis, the negative effect on ESG performance mainly impacts the environmental responsibility (E) element. This paper provides insights relevant to advancing China’s “dual carbon” policy and formulating a “Chinese approach” to global sustainable development.

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大数据税收管理对企业 ESG 的影响--基于金税工程 III 的准自然实验
环境、社会和治理(ESG)实践对全球可持续发展至关重要,但也面临挑战。基于金税三期工程的实施,我们发现大数据税收征管会降低企业的环境、社会和治理绩效。机制测试表明,金税三期工程可以减少避税、现金流和绿色创新,从而通过 "税收效应 "抑制 ESG。相反,该项目可以降低代理成本,提高信息透明度,从而通过 "治理效应 "促进企业的环境、社会和治理绩效。但总体而言,该项目抑制了企业的环境、社会和治理绩效。根据进一步分析,对企业环境、社会和治理绩效的负面影响主要体现在环境责任(E)要素上。本文为推进中国的 "双碳 "政策和制定全球可持续发展的 "中国方案 "提供了启示。
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来源期刊
CiteScore
4.70
自引率
0.00%
发文量
295
审稿时长
15 weeks
期刊介绍: The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to investigate issues about accounting, corporate finance, auditing and corporate governance in the Greater China region, countries related to the Belt and Road Initiative, and other emerging and developed markets. The Journal encourages the applications of economic and sociological theories to analyze and explain accounting issues within the legal and institutional framework, and to explore accounting issues under different capital markets accurately and succinctly. The published research articles of the Journal will enable scholars to extract relevant issues about accounting, corporate finance, auditing and corporate governance related to the capital markets and institutional environment.
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