Flowing toward transparency: impact of China’s water resource tax policy pilot on corporate water disclosure DOI
Nizhou Yu, Duan Liu, Hong Wan

и другие.

Sustainability Accounting Management and Policy Journal, Год журнала: 2024, Номер 16(2), С. 484 - 520

Опубликована: Дек. 2, 2024

Purpose Amid the increasing water risks faced by firms, external investors are becoming more interested in corporate disclosure and research on its drivers has become prominent. This paper aims to investigate impact of resource tax (WRT) other related drivers. Design/methodology/approach study uses WRT policy as a quasi-natural experiment applies difference-in-differences method. Findings The results indicate that significantly stimulates disclosure. Improving green innovation strengthening internal control potential channels through which works. Moreover, WRT’s effect is pronounced firms face high institutional pressures have better support. Practical implications findings suggest water-sensitive should disclose information acquire resources from stakeholders support their transition. It also provides for governments incorporate forces shaping direction intensity consider constraints small private transformation. Social assistance promoting environmental protection areas experiencing stress an opportunity (external investors, nongovernmental organizations, governments, consumers, suppliers, communities media) advocate with risks. Originality/value attempt novel context considering regulation demands stakeholders. new insights into factors influencing perspective political

Язык: Английский

Water resources tax and corporate R&D strategies: Policy effects on innovation investment and collaboration preference DOI
Duan Liu, Lu Peng, Qiuhong Wang

и другие.

Economic Analysis and Policy, Год журнала: 2025, Номер unknown

Опубликована: Март 1, 2025

Язык: Английский

Процитировано

0

The Impact of Water Resources Tax Reform on Corporate ESG Performance: Patent Evidence from China DOI Open Access
Jianmin Wen, Xiang Ji, Xue Wu

и другие.

Water, Год журнала: 2025, Номер 17(7), С. 959 - 959

Опубликована: Март 25, 2025

This paper uses a difference-in-differences approach to investigate how China’s water resources tax reform influences corporate Environmental, Social and Governance (ESG) performance. Drawing on panel dataset of A-share listed companies from 2013 2023, we find that the significantly improves firms’ ESG ratings, result holds under multiple robustness checks. Mechanism tests reveal this positive effect operates through enhanced green technological innovation, increased environmental investment, heightened pressure capital markets, with media attention further reinforcing these pathways. Heterogeneity analyses indicate state-owned enterprises larger firms experience particularly strong improvements following reform. These findings provide empirical evidence effectiveness government-led governance policies offer practical insights for promoting transformation in sector.

Язык: Английский

Процитировано

0

Water Resource Tax and Green Industrial Development: Reform from the Largest Emerging Economy DOI Open Access
Haiyan Lu, Yongxin Zhu,

Young-Heack Kang

и другие.

Sustainability, Год журнала: 2025, Номер 17(10), С. 4478 - 4478

Опубликована: Май 14, 2025

The global challenge of water resource management presents a policy dilemma: while tax aims to foster green development, it may hinder the economic potential micro entities. This paper evaluates efficacy trial reform in China regarding total factor productivity listed Chinese industrial enterprises over period spanning 2012–2019 by employing quasi-natural experiment. study utilizes multi-period Difference-in-Differences (DID) and propensity score matching methodologies deal with self-selection bias inherent choosing pilot areas. findings illustrate that exerted crucial beneficial impact on GTFP enterprises. main takeaway this is phased reform, integrating taxes adaptation entities, offers pathway for economies balance restrictions sustainable development.

Язык: Английский

Процитировано

0

Optimizing Water Conservation Strategies and Blockchain Integration in High-Water Consumption Industries Across Diverse Power Structures: A Differential Game Approach DOI

Leng Jie,

Xin Qi, Daoqing Hao

и другие.

Water Resources Management, Год журнала: 2024, Номер 38(15), С. 6079 - 6101

Опубликована: Авг. 10, 2024

Язык: Английский

Процитировано

2

Flowing toward transparency: impact of China’s water resource tax policy pilot on corporate water disclosure DOI
Nizhou Yu, Duan Liu, Hong Wan

и другие.

Sustainability Accounting Management and Policy Journal, Год журнала: 2024, Номер 16(2), С. 484 - 520

Опубликована: Дек. 2, 2024

Purpose Amid the increasing water risks faced by firms, external investors are becoming more interested in corporate disclosure and research on its drivers has become prominent. This paper aims to investigate impact of resource tax (WRT) other related drivers. Design/methodology/approach study uses WRT policy as a quasi-natural experiment applies difference-in-differences method. Findings The results indicate that significantly stimulates disclosure. Improving green innovation strengthening internal control potential channels through which works. Moreover, WRT’s effect is pronounced firms face high institutional pressures have better support. Practical implications findings suggest water-sensitive should disclose information acquire resources from stakeholders support their transition. It also provides for governments incorporate forces shaping direction intensity consider constraints small private transformation. Social assistance promoting environmental protection areas experiencing stress an opportunity (external investors, nongovernmental organizations, governments, consumers, suppliers, communities media) advocate with risks. Originality/value attempt novel context considering regulation demands stakeholders. new insights into factors influencing perspective political

Язык: Английский

Процитировано

1