贵州财经大学学报

贵州财经大学学报 ›› 2026 ›› Issue (05): 109-120.

• 绿色发展论坛 • 上一篇    

向绿而生：中国环境保护税实施的企业环境治理效应研究

段龙龙1, 李安谛1, 林中远2   

  1. 1. 四川大学 经济学院, 四川 成都 610065;
    2. 南京大学 商学院, 江苏 南京 210093
  • 收稿日期:2025-03-11 发布日期:2026-09-17
  • 作者简介:段龙龙（1988—），男，陕西西安人，四川大学经济学院副教授，博士生导师，研究方向为政治经济学；李安谛（2002—），女，北京人，四川大学经济学院硕士研究生，研究方向为财政学；林中远（2004—），男，浙江温州人，南京大学商学院硕士研究生，研究方向为金融学。
  • 基金资助:
    国家社会科学基金项目“新时代建设现代化经济体系的理论依据及指标体系构建研究”（18KXS009）；中央高校基本科研业务费“中国式现代化视域下我国制度质量的测量及影响因素研究”（23XDJJ04）的阶段性成果。

Going Green：A Study on the Corporate Environmental Governance Effect of Environmental Protection Tax

Duan Longlong1, Li Aidi1, Lin Zhongyuan2   

  1. 1. School of Economics, Sichuan University, Chengdu, Sichuan 610065, China;
    2. School of Business, Nanjing University, Nanjing, Jiangsu 210093, China
  • Received:2025-03-11 Published:2026-09-17

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摘要： 作为环境规制制度工具的重要组成部分，我国于2018年正式实施的环境保护费改税改革是否会对微观企业主体产生显著的环境治理效应少有文献关注。研究立足宏观财税政策与微观企业行为的互动导向视角，以2011—2021年中国沪深A股上市公司的数据为样本，采用双重差分法深入考察了环境保护税对企业环境治理效应的影响及机制。研究发现，环境保护税实施会产生显著环境治理效应。究其原因是政策实施初期企业资源约束和环境合规压力增加，进而改变企业对未来经营状况的预期，加剧高管追求短期利益的行为竞争。进一步研究还发现：环境保护税政策的环境治理效应在媒体关注程度较高、规模较大的企业、企业类型为非劳动密集型的企业、处于重污染行业的企业和位于东中部地区的企业更加明显，进行稳健性和安慰剂检验后，结论依然成立。

关键词: 环境保护税, 生产规模, 绿色创新, 环境治理效应

Abstract: As an important part of environmental regulatory institutional tools, whether the environmental protection fee-to-tax reform officially implemented in China in 2018 will have significant environmental governance effects on micro enterprises has received little attention in the literature. Based on the interaction-oriented perspective of macro fiscal policy and micro corporate behavior, the study takes the data of Chinese A-share listed companies in Shanghai and Shenzhen as samples during 2011-2021, and adopts the double-difference method to examine in-depth the impacts and mechanisms of environmental protection tax on corporate environmental governance effects. The study finds that the implementation of environmental protection tax has a production reduction effect on the environmental governance of enterprises to reduce the scale of pollution, but has no effect on improving the green innovation capability of enterprises. The reason for this is the increase in resource constraints and environmental compliance pressure at the early stage of policy implementation, which in turn changes enterprises’ expectations of future business conditions and intensifies the competition of managers’ short-term profit-seeking behavior. The study also found that the environmental governance effect of the environmental protection tax policy is more pronounced in enterprises with higher media attention, larger enterprises, enterprises with non-labor-intensive enterprise types, enterprises in heavily polluting industries, and enterprises located in the east-central region, and this conclusion still holds after conducting robustness and placebo tests.

Key words: environmental protection tax, production scale, green innovation, environmental governance effects

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