吴汉利,熊雨欣

• 1:西北政法大学管理学院

摘要(Abstract)：

面对愈加突出的环境问题，我国政府立法开征环境保护税，依据“税负平移”原则实现污染征收从“缴费”平稳过渡为“纳税”。本文基于2011—2022年沪深A股上市公司的微观样本，考察这一政策变化对企业ESG投资的影响及其作用机制。研究表明，环保费改税落地实施有助于激励企业进行ESG投资，且提升公众环境关注度与处罚力度是环保费改税作用于企业ESG投资的两个重要途径，经过稳健性检验后这一结论仍成立。此外，环保费改税对非国有企业、次高污染行业企业和处于环境规制更强地区的企业影响更为显著，并且环保费改税促进企业ESG投资还能助力微观企业全要素生产率与宏观产业结构转型升级。上述研究结论以期为经济高质量增长提供理论参考，为推进环境税制的完善提供决策依据。

关键词(KeyWords)： 环保费改税;ESG投资;公众环境关注度;产业结构升级

Abstract:

Keywords:

基金项目(Foundation): 国家社会科学基金西部项目,高碳企业“漂绿”的组态效应及靶向监管研究(项目编号：23XGL001)的资助

作者(Author): 吴汉利,熊雨欣

参考文献(References)：

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• (1)实验组:河北、江苏、山东、河南、湖南、四川、重庆、贵州、海南、广西、山西、北京;对照组:湖北、浙江、福建、吉林、安徽、江西、陕西、甘肃、新疆、西藏、宁夏、青海、内蒙古、黑龙江、云南、辽宁、天津、上海、广东。 (2)“税负平移”是指从收取环境保护排污费改为征收环境保护税,这一过程中总体上不增加负担,征收对象等都与现行排污费保持一致。 (3)重污染行业为:冶金、化工、石化、煤炭、火电、建材、造纸、酿造、制药、发酵、纺织、制革和采矿业等。