{"title":"The Impact of environmental protection tax on corporate ESG performance and corporate green behavior","authors":"Youwei Huang , Chaoyang Liu , Li Wang , Yuzhu Qi","doi":"10.1016/j.ribaf.2025.102772","DOIUrl":null,"url":null,"abstract":"<div><div>This study examines the impact of environmental protection tax reform on corporate green behavior and ESG performance. Our empirical analysis reveals that the enactment of environmental protection tax significantly enhances corporate ESG performance. Furthermore, we document that this tax reform influences corporate green behavior through multiple channels: it increases environmental investment, accelerates green technological innovation, and improves financial conditions through tax-related financial incentives. The effect of improved ESG performance is more evident in state-owned enterprises, enterprises in regions with increased tax rates, and small enterprises. The findings of this study have implications for governments and policymakers considering using tax laws to affect corporate ESG performance and corporate green behavior.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"75 ","pages":"Article 102772"},"PeriodicalIF":6.9000,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531925000285","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/1/22 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study examines the impact of environmental protection tax reform on corporate green behavior and ESG performance. Our empirical analysis reveals that the enactment of environmental protection tax significantly enhances corporate ESG performance. Furthermore, we document that this tax reform influences corporate green behavior through multiple channels: it increases environmental investment, accelerates green technological innovation, and improves financial conditions through tax-related financial incentives. The effect of improved ESG performance is more evident in state-owned enterprises, enterprises in regions with increased tax rates, and small enterprises. The findings of this study have implications for governments and policymakers considering using tax laws to affect corporate ESG performance and corporate green behavior.
期刊介绍：
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance
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