Author(s)

Xiaobei Huang ¹, Juewen Chang ¹

Affiliation(s)

¹ Department of Economics and Management, North China University of Technology, Beijing, China

Corresponding Author

Xiaobei Huang

ABSTRACT

On December 25, 2016, the “Environmental Protection Tax Law of the People’s Republic of China” changed the current sewage charges to environmental taxes and implemented it in 2018. This study investigates Beijing-Tianjin-Hebei enterprises to understand the impact of the environmental tax system on Beijing-Tianjin-Hebei enterprises' operations and green transformation mechanisms. The survey results show that the implementation of environmental tax has little impact on the tax burden of most industries, but it increases the upstream raw material cost of enterprises and brings the burden of cash flow to enterprises. Moreover, the motivation of enterprises to save energy and reduce emissions mainly comes from the strengthening of national environmental regulations and the requirements of local governments. So we think that the state should raise the intensity of levy on enterprises with high pollution emissions, realize the stepped-difference levy, and improve the intensity and rigidity of law enforcement. We should improve the policy of green environmental tax deduction, reduction, and exemption, and return, and give full play to the positive role of Banks, industry associations, and other third-party organizations in providing enterprises with credit, talent, technology, and rating support.

KEYWORDS

Environmental Tax, Green Transformation, Enterprise

CITE THIS PAPER

Xiaobei Huang, Juewen Chang. The Relationship between Equity Incentive and Earnings Management in Big Data Era. Financial Engineering and Risk Management (2021) 4: 56-67. DOI: http://dx.doi.org/10.23977/ferm.2021.040507.

REFERENCES

[1] D. Pierce, “The Role of Carbon Taxes in Adjusting to Global Warming”, Economic Journal, vol. 101, no. 407, pp. 938-948, 1991.
[2]  SY. Chen, “What is the potential impact of a taxation system reform on carbon abatement and industrial growth in China?” Economic systems, vol.37, no. 3, pp. 369-386, 2013. (in Chinese)
[3] YE. Zheng, HX. Zheng, XY. Ye, “Using Machine Learning in Environmental Tax Reform Assessment for Sustainable Development: A Case Study of Hubei Province, China”, Sustainability, vol. 8, no. 11, pp. 1124-1144, 2016. (in Chinese)
[4] MH. Jie, J. Wang, DM. Liu, “Environment regulation, technological innovation and corporate performance”, Nankai business review, vol. 17, no. 6, pp. 106-113, 2014. (in Chinese)
[5] GP. Tang, LH. Li, and DJ. Wu, “Environmental Regulation, Industry Attributes and Corporate Environmental Investment”, Accounting Research, vol. 6, no. 83, pp. 8, 2013. (in Chinese)
[6] B. Menguc, S. Auh, L. Ozanne, “The Interactive Effect of Internal and External Factors on a Proactive Environmental Strategy and its Influence on a Firm's Performance”, Journal of Business Ethics, vol. 94, no. 2, pp. 279-298, 2010.
[7] Yip, “On the labor market consequences of environmental taxes”, Journal of Environmental Economics and Management, vol. 89, pp. 136-152, 2018.
[8] C. Karydas and L. Zhang, “Green tax reform, endogenous innovation, and the growth dividend”, Journal of Environmental Economics and Management, vol. 97, pp. 158-181, 2019.
[9] AL. Bovenberg and LH. Goulder, “Optimal Environmental Taxation in the Presence of Other Taxes: General- Equilibrium Analyses”, American Economic Review, vol. 86, no. 4, pp. 985-1000, 1996.
[10] Q. Bi and LC. Yu, “Relationship between environmental taxes and enterprise green investment behavior: a panel quantile regression approach”, China Population, Resources and Environment, vol. 26, no. 3, pp. 76-82, 2016. (in Chinese)

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics