Publication detail
The effect of cleaner and sustainable sewage fee-to-tax on business innovation
Shang, S. Chen, Z. Shen, Z. Salman shabbir, M. Bokhari, A. Han, N. Klemeš, J.J.
English title
The effect of cleaner and sustainable sewage fee-to-tax on business innovation
Type
journal article in Web of Science
Language
en
Original abstract
Can reform of “sewage fee-to-tax” promote corporate technological innovation by internalising environmental cost and strengthening environmental control? The difference between environmental tax and sewage charges were analysed along with summarising the economic consequences of environmental tax. The influence mechanism of the reform of “sewage fee-to-tax” on corporate technological innovation from the dual perspectives of tax and environmental regulation, based on tax theory, Porter hypothesis, and supply and demand theory, were explored. Shanghai and Shenzhen A-share listed companies about 1,150 in the years 2017–2021 are taken as the research sample. The impact of imposing environmental taxes on corporate technological innovation was empirically tested. It is found that imposing an environmental tax stimulates the innovation motivation of enterprises and significantly improves the input and output of corporate technology innovation. This paper has profound implications for perfecting the cleaner sustainable environmental tax system, stimulating corporate innovation, and promoting economic transformation.
English abstract
Can reform of “sewage fee-to-tax” promote corporate technological innovation by internalising environmental cost and strengthening environmental control? The difference between environmental tax and sewage charges were analysed along with summarising the economic consequences of environmental tax. The influence mechanism of the reform of “sewage fee-to-tax” on corporate technological innovation from the dual perspectives of tax and environmental regulation, based on tax theory, Porter hypothesis, and supply and demand theory, were explored. Shanghai and Shenzhen A-share listed companies about 1,150 in the years 2017–2021 are taken as the research sample. The impact of imposing environmental taxes on corporate technological innovation was empirically tested. It is found that imposing an environmental tax stimulates the innovation motivation of enterprises and significantly improves the input and output of corporate technology innovation. This paper has profound implications for perfecting the cleaner sustainable environmental tax system, stimulating corporate innovation, and promoting economic transformation.
Keywords in English
Corporate innovation; Fee to tax; Porter hypothesis; Sustainable environmental regulation
Released
10.08.2022
Publisher
Elsevier Ltd
ISSN
0959-6526
Number
361
Pages from–to
132287–132287
Pages count
7
BIBTEX
@article{BUT178187,
author="Syed Awais Ali Shah {Bokhari} and Jiří {Klemeš},
title="The effect of cleaner and sustainable sewage fee-to-tax on business innovation",
year="2022",
number="361",
month="August",
pages="132287--132287",
publisher="Elsevier Ltd",
issn="0959-6526"
}