Does tax policy affect corporate environmental investment?

Jingrong Li and Ping Liu

Finance Research Letters, 2025, vol. 73, issue C

Abstract: Using data from China's publicly traded firms from 2012 to 2022, this study examined the connection between corporate eco-friendly investment and taxation policies. The findings indicate that tax policies escalated firms’ environmental protection investments. Financing constraints played a mediating role in the correlation between tax strategies and ecological investment. Disparities emerged regarding the impact of tax policies on environmental protection investment among state-owned enterprises (SOEs) and non-SOEs.

Keywords: Tax policy; Financing constraint; Environmental protection investment (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:73:y:2025:i:c:s1544612324016957

DOI: 10.1016/j.frl.2024.106666

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