Can Green Tax Incentives Promote Green Transformation of Enterprises

Abstract

Abstract: By using the green transformation data of listed firms in 2006-2014, we investigate how green tax incentives affect enterprise green transition. The results show that green tax preference has incentive effect on enterprise green transformation. This conclusion remains robust after a battery of robustness checks. Further analyses find that green tax incentives exert positive effect on enterprises' green transformation by reducing the adjustment cost in the transformation. In addition, the positive effect varies with the nature of property rights and the regional marketization process. This paper promotes the study of enterprise green transformation from the micro perspective, explores the driving force and existing problems of green transformation caused by green tax preferential policies, broadens the horizon of the research on transformation and upgrading, and is helpful to enrich the literature on green tax incentives and enterprise green transformation.

Key words: enterprise green transition, green tax incentives, adjustment costs

CLC Number:

F812.42

BI Qian, LI Hong-yuan. Can Green Tax Incentives Promote Green Transformation of Enterprises[J]. , 2019(04): 89-99.

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