Environmental protection taxes, audit fees and corporate ESG performance

Fengzuo Li, Pengjie Na, Xiaolan Wang and Xinyu Li

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: The effectiveness of promoting sustainable development depends on the efficiency of formulating and implementing applicable policies. Based on a sample of Chinese listed companies from 2011 to 2022, this study reveals a significant enhancement of the environmental protection taxes in corporate ESG performance. The finding indicates that implementing environmental protection taxes can effectively enhance ESG performance omnidirectionally. This impact operates mainly through reducing audit fees. These findings enhance and broaden the current body of literature and contribute to a more comprehensive understanding of the impact of macro policies on individual agents.

Keywords: Environmental protection taxes; Audit fees; ESG (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324010882

DOI: 10.1016/j.frl.2024.106058

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