绿色税收优惠能促进企业绿色转型吗
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摘要
基于2008—2016年重污染行业上市公司绿色转型数据,研究绿色税收优惠对企业绿色转型的影响。研究发现:绿色税收优惠对企业绿色转型存在激励效应,该结论在经过一系列稳健性测试后依然不变。进一步研究发现,绿色税收优惠通过减少转型中面临的调整成本发挥其对企业绿色转型的激励作用,且该激励效果随着产权性质与地区市场化进程的不同而存在差异。
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.
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.
引文
[1]岳鸿飞,徐颖,吴璘.技术创新方式选择与中国工业绿色转型的实证分析[J].中国人口·资源与环境,2017(12):196-206.
[2]Portugal-Perez A.Environmental Regulation and Investment:Evidence from European Industries[J].Ecological Economics,2011(70):759-770.
[3]中国社会科学院工业经济研究所课题组,李平.中国工业绿色转型研究[J].中国工业经济,2011(4):5-14.
[4]张韵,钟书华.强化企业生态创新能力推动企业绿色转型[J].当代经济管理,2016(4):21-16.
[5]Cooper R.W.&J.C.Haltiwanger.On the Nature of Capital Adjustment Costs[J].Review of Economic Studies,2006(73):611-633.
[6]Groth C.&H.Khan.Investment Adjustment Costs:An Empirical Assessment[J].Journal of Money,Credit and Banking,2010(42):1469-1494.
[7]Hall R.E.Measuring Factor Adjustment Costs[J].Quarterly Journal of Economics,2004(119):899-927.
[8]Morgera E.&A.Savaresi.A conceptual and legal perspective on the green economy[J].Review of European,2013(22):14.
[9]刘学敏,张生玲.中国企业绿色转型:目标模式、面临障碍与对策[J].中国人口·资源与环境,2015(6):1-4.
[10]Delmas M.&I.Montiel.Greening the supply chain:when is customer pressure effective?[J].Journal of Economics&Management Strategy,2010(18):171-201.
[11]赵立祥,杨海龙.基于结构方程模型的企业节能减排驱动力研究---以北京光机电一体化企业为例[J].华东经济管理,2014(3):171-176.
[12]Drumwright M.E.Socially Responsible Organizational Buying:Environmental Concern as a Noneconomic Buying Criterion[J].Journal of Marketing,1994,58(3):1-19.
[13]胡美琴,骆守俭.企业绿色管理影响因素---基于在华跨国公司的实证研究[J].经济与管理研究,2008,(7):66-70.
[14]钟榴,郑建国.绿色管理研究进展与展望[J].科技管理研究,2014,(5):245-250.
[15]Berry M.A.&D.A.Rondinelli.Proactive corporate environmental management:A new industrial revolution[J].Academy of Management Perspectives,1998,(12):38-50.
[16]Marchi V.D.Environmental innovation and R&D cooperation:Empirical evidence from Spanish manufacturing firms[J].Research Policy,2012,41(3):614-623.
[17]李英东.发展循环经济的制度模式与制度创新[J].经济经纬,2007(2):20-23.
[18]姚平,喻登科.煤炭城市的发展战略研究[J].中国软科学,2010(1):78-86.
[19]洪源,肖海翔.推动“两型社会”建设的“绿色”财税政策体系研究[J].税务与经济,2010(1):75-79.
[20]彭韶兵,郑伟宏.企业转型升级、成本管控优化与管理会计本土化研究---中国会计学会管理会计与应用专业委员会2013年学术研讨会综述[J].会计研究,2014(2):91-93.
[21]覃家琦,邵新建.交叉上市、政府干预与资本配置效率[J].经济研究,2015(6):117-130.
[22]刘虹,肖美凤,唐清泉.R&D补贴对企业R&D支出的激励与挤出效应---基于中国上市公司数据的实证分析[J].经济管理,2012,34(4):19-28.
[23]贾康.完善环保产业税收优惠政策[J].中国金融,2013(7):20.
[24]齐玮.我国汽车制造业的竞争效应:国际经验及启示[J].改革,2010(10):129-134.
[25]唐国平,李龙会,吴德军.环境管制、行业属性与企业环保投资[J].会计研究,2013(6):83-89.
[26]卢强,吴清华,周永章,周慧杰.广东省工业绿色转型升级评价的研究[J].中国人口·资源与环境,2013,23(7):34-41.
[27]Hecht-Nielsen R.Theory of the backpropagation neural network[M].Neural networks for perception(Vol.2).Harcourt Brace&Co,1989(1):593-605.
[28]朱跃序,陈祎.促进环保产业发展的税收优惠政策探究[J].税务研究,2016(6):97-101.
[29]Hayami Y.Assessment of the Green Revolution in Eicher,Staatz J eds:Agricultural Development in the Third World[M].Baltimore:The Johns Hopkins University Press,1984.
[30]Welch E.W.&Y.Mori&M.Aoyagi-Usui.Voluntary Adoption of ISO14001 in Japan:Mechanisms,Stages and Effects[J].Business Strategy and the Environment,2002,(11):43-62.
[31]Gottsman L.&J.Kessler.Smart Screened Investments:Environmentally Screened Equity Funds that Perform like Conventional Funds[J].Journal of Investing,1998,(7):15-24.
[32]Stanwick P.A.&S.A.Stanwick.The Relationship between Corporate Social Performance,and Organizational Size,Financial Performance,and Environmental Performance:An Empirical Examination[J].Journal of Business Ethics,1998(17):195-204.
[33]毕茜,于连超.环境税的企业绿色投资效应研究---基于面板分位数回归的实证研究[J].中国人口·资源与环境,2016(3):76-82.
[34]王锋正,陈方圆.董事会治理、环境规制与绿色技术创新---基于我国重污染行业上市公司的实证检验[J].科学学研究,2018(2):361-369.
[35]刘慧龙,吴联生.制度环境、所有权性质与企业实际税率[J].管理世界,2014(4):42-52.
[36]Cumberland J.H.Efficiency and Equity in Interregional Environment Management[J].Review of Regional Studies,1981,(2):1-9.
[37]贺俊,刘亮亮,张玉娟.税收竞争、收入分权与中国环境污染[J].中国人口·资源与环境,2016(4):1-7.
[38]刘运国,刘梦宁.雾霾影响了重污染企业的盈余管理吗?---基于政治成本假说的考察[J].会计研究,2015(3):26-33.
[39]Summers L.H.Taxation and Corporate Investment:A q-Theory Approach[J].Brookings Papers on Economic Activity,1981(12):67-140.
[40]Hall R E.Measuring Factor Adjustment Costs[J].Social Science Electronic Publishing,2004,119(3):899-927.
[41]李万福,杜静.税收优惠、调整成本与R&D投资[J].会计研究,2016(12):58-63.
[42]温忠麟,张雷,侯杰泰,等.中介效应检验程序及其应用[J].心理学报,2004(5):614-620.
[43]张功富.政府干预、环境污染与企业环保投资---基于重污染行业上市公司的经验证据[J].经济与管理研究,2013(9):38-44.
[44]胡凯,吴清.税收激励、制度环境与企业研发支出[J].财贸经济,2018(1):38-53.
[45]樊纲,王小鲁,张立文,等.中国各地区市场化相对进程报告[J].经济研究,2003(3):9-18.
[46]韩立岩,杜春越.城镇家庭消费金融效应的地区差异研究[J].经济研究,2011,46(S1):30-42.
[2]Portugal-Perez A.Environmental Regulation and Investment:Evidence from European Industries[J].Ecological Economics,2011(70):759-770.
[3]中国社会科学院工业经济研究所课题组,李平.中国工业绿色转型研究[J].中国工业经济,2011(4):5-14.
[4]张韵,钟书华.强化企业生态创新能力推动企业绿色转型[J].当代经济管理,2016(4):21-16.
[5]Cooper R.W.&J.C.Haltiwanger.On the Nature of Capital Adjustment Costs[J].Review of Economic Studies,2006(73):611-633.
[6]Groth C.&H.Khan.Investment Adjustment Costs:An Empirical Assessment[J].Journal of Money,Credit and Banking,2010(42):1469-1494.
[7]Hall R.E.Measuring Factor Adjustment Costs[J].Quarterly Journal of Economics,2004(119):899-927.
[8]Morgera E.&A.Savaresi.A conceptual and legal perspective on the green economy[J].Review of European,2013(22):14.
[9]刘学敏,张生玲.中国企业绿色转型:目标模式、面临障碍与对策[J].中国人口·资源与环境,2015(6):1-4.
[10]Delmas M.&I.Montiel.Greening the supply chain:when is customer pressure effective?[J].Journal of Economics&Management Strategy,2010(18):171-201.
[11]赵立祥,杨海龙.基于结构方程模型的企业节能减排驱动力研究---以北京光机电一体化企业为例[J].华东经济管理,2014(3):171-176.
[12]Drumwright M.E.Socially Responsible Organizational Buying:Environmental Concern as a Noneconomic Buying Criterion[J].Journal of Marketing,1994,58(3):1-19.
[13]胡美琴,骆守俭.企业绿色管理影响因素---基于在华跨国公司的实证研究[J].经济与管理研究,2008,(7):66-70.
[14]钟榴,郑建国.绿色管理研究进展与展望[J].科技管理研究,2014,(5):245-250.
[15]Berry M.A.&D.A.Rondinelli.Proactive corporate environmental management:A new industrial revolution[J].Academy of Management Perspectives,1998,(12):38-50.
[16]Marchi V.D.Environmental innovation and R&D cooperation:Empirical evidence from Spanish manufacturing firms[J].Research Policy,2012,41(3):614-623.
[17]李英东.发展循环经济的制度模式与制度创新[J].经济经纬,2007(2):20-23.
[18]姚平,喻登科.煤炭城市的发展战略研究[J].中国软科学,2010(1):78-86.
[19]洪源,肖海翔.推动“两型社会”建设的“绿色”财税政策体系研究[J].税务与经济,2010(1):75-79.
[20]彭韶兵,郑伟宏.企业转型升级、成本管控优化与管理会计本土化研究---中国会计学会管理会计与应用专业委员会2013年学术研讨会综述[J].会计研究,2014(2):91-93.
[21]覃家琦,邵新建.交叉上市、政府干预与资本配置效率[J].经济研究,2015(6):117-130.
[22]刘虹,肖美凤,唐清泉.R&D补贴对企业R&D支出的激励与挤出效应---基于中国上市公司数据的实证分析[J].经济管理,2012,34(4):19-28.
[23]贾康.完善环保产业税收优惠政策[J].中国金融,2013(7):20.
[24]齐玮.我国汽车制造业的竞争效应:国际经验及启示[J].改革,2010(10):129-134.
[25]唐国平,李龙会,吴德军.环境管制、行业属性与企业环保投资[J].会计研究,2013(6):83-89.
[26]卢强,吴清华,周永章,周慧杰.广东省工业绿色转型升级评价的研究[J].中国人口·资源与环境,2013,23(7):34-41.
[27]Hecht-Nielsen R.Theory of the backpropagation neural network[M].Neural networks for perception(Vol.2).Harcourt Brace&Co,1989(1):593-605.
[28]朱跃序,陈祎.促进环保产业发展的税收优惠政策探究[J].税务研究,2016(6):97-101.
[29]Hayami Y.Assessment of the Green Revolution in Eicher,Staatz J eds:Agricultural Development in the Third World[M].Baltimore:The Johns Hopkins University Press,1984.
[30]Welch E.W.&Y.Mori&M.Aoyagi-Usui.Voluntary Adoption of ISO14001 in Japan:Mechanisms,Stages and Effects[J].Business Strategy and the Environment,2002,(11):43-62.
[31]Gottsman L.&J.Kessler.Smart Screened Investments:Environmentally Screened Equity Funds that Perform like Conventional Funds[J].Journal of Investing,1998,(7):15-24.
[32]Stanwick P.A.&S.A.Stanwick.The Relationship between Corporate Social Performance,and Organizational Size,Financial Performance,and Environmental Performance:An Empirical Examination[J].Journal of Business Ethics,1998(17):195-204.
[33]毕茜,于连超.环境税的企业绿色投资效应研究---基于面板分位数回归的实证研究[J].中国人口·资源与环境,2016(3):76-82.
[34]王锋正,陈方圆.董事会治理、环境规制与绿色技术创新---基于我国重污染行业上市公司的实证检验[J].科学学研究,2018(2):361-369.
[35]刘慧龙,吴联生.制度环境、所有权性质与企业实际税率[J].管理世界,2014(4):42-52.
[36]Cumberland J.H.Efficiency and Equity in Interregional Environment Management[J].Review of Regional Studies,1981,(2):1-9.
[37]贺俊,刘亮亮,张玉娟.税收竞争、收入分权与中国环境污染[J].中国人口·资源与环境,2016(4):1-7.
[38]刘运国,刘梦宁.雾霾影响了重污染企业的盈余管理吗?---基于政治成本假说的考察[J].会计研究,2015(3):26-33.
[39]Summers L.H.Taxation and Corporate Investment:A q-Theory Approach[J].Brookings Papers on Economic Activity,1981(12):67-140.
[40]Hall R E.Measuring Factor Adjustment Costs[J].Social Science Electronic Publishing,2004,119(3):899-927.
[41]李万福,杜静.税收优惠、调整成本与R&D投资[J].会计研究,2016(12):58-63.
[42]温忠麟,张雷,侯杰泰,等.中介效应检验程序及其应用[J].心理学报,2004(5):614-620.
[43]张功富.政府干预、环境污染与企业环保投资---基于重污染行业上市公司的经验证据[J].经济与管理研究,2013(9):38-44.
[44]胡凯,吴清.税收激励、制度环境与企业研发支出[J].财贸经济,2018(1):38-53.
[45]樊纲,王小鲁,张立文,等.中国各地区市场化相对进程报告[J].经济研究,2003(3):9-18.
[46]韩立岩,杜春越.城镇家庭消费金融效应的地区差异研究[J].经济研究,2011,46(S1):30-42.
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