Water resources tax and corporate R&D strategies: Policy effects on innovation investment and collaboration preference
Economic Analysis and Policy,
Год журнала:
2025,
Номер
unknown
Опубликована: Март 1, 2025
Язык: Английский
The Impact of Water Resources Tax Reform on Corporate ESG Performance: Patent Evidence from China
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
Water Resource Tax and Green Industrial Development: Reform from the Largest Emerging Economy
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
Optimizing Water Conservation Strategies and Blockchain Integration in High-Water Consumption Industries Across Diverse Power Structures: A Differential Game Approach
Water Resources Management,
Год журнала:
2024,
Номер
38(15), С. 6079 - 6101
Опубликована: Авг. 10, 2024
Язык: Английский
Flowing toward transparency: impact of China’s water resource tax policy pilot on corporate water disclosure
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