Emissions trading and firm innovation: Evidence from a natural experiment in China

2020 ◽  
Vol 155 ◽  
pp. 119989 ◽  
Author(s):  
Shenggang Ren ◽  
Yucai Hu ◽  
Jingjing Zheng ◽  
Yangjie Wang
Keyword(s):  
Emissions Trading ◽  
Natural Experiment ◽  
Firm Innovation

Emissions Trading and Firm Innovation: Evidence from a Natural Experiment in China

2018 ◽  
Author(s):  
Shenggang Ren ◽  
Yucai Hu ◽  
Jingjing Zheng ◽  
Yangjie Wang ◽  
Shanjun Li
Keyword(s):  
Emissions Trading ◽  
Natural Experiment ◽  
Firm Innovation

scholarly journals Does the Carbon Emissions Trading Policy Increase Corporate Tax Avoidance? Evidence from China

2022 ◽  
Vol 9 ◽  
Author(s):  
Chen Feng ◽  
Xingshu Zhu ◽  
Yu Gu ◽  
Yuecheng Liu
Keyword(s):  
Environmental Regulation ◽  
Carbon Emissions ◽  
Emissions Trading ◽  
Natural Experiment ◽  
Tax Avoidance ◽  
Financing Constraints ◽  
Corporate Tax ◽  
Government Subsidies ◽  
Carbon Emissions Trading ◽  
A Company

Based on the natural experiment of carbon emissions trading pilots in China, this paper investigates the effect of environmental regulation on corporate tax avoidance. The results show that: 1) Market-incentivized environmental regulation significantly increase the level of corporate tax avoidance. 2) Heterogeneity analysis shows that the effect is more obvious on the non-state-owned firms, firms with severe financing constraints, and firms in highly competitive industries. 3) We find that the reduction of cash flow is the channel for environmental regulation to affect corporate tax avoidance. 4) Further analysis shows that government subsidies can alleviate the enhancement of tax avoidance by environmental regulation. The more government subsidies a company receives, the less tax avoidance it has.

Decentralization and firm innovation: Evidence from a natural experiment in China

2021 ◽  
Vol 94 ◽  
pp. 501-512
Author(s):  
Shasha Liu ◽  
Mianmian Ji ◽  
Huijuan Wang
Keyword(s):  
Natural Experiment ◽  
Firm Innovation

scholarly journals Political Activism and Firm Innovation

2019 ◽  
Vol 55 (3) ◽  
pp. 989-1024 ◽  
Author(s):  
Alexei V. Ovtchinnikov ◽  
Syed Walid Reza ◽  
Yanhui Wu
Keyword(s):  
Natural Experiment ◽  
Causal Effect ◽  
Political Activism ◽  
Political Uncertainty ◽  
Firm Innovation ◽  
Congressional Committees ◽  
Show Evidence

We hypothesize that political activism is valuable because it helps reduce political uncertainty, which, in turn, fosters firm innovation. We find that firms that support more politicians, winning politicians, politicians on congressional committees with jurisdictional authority over the firms’ industries, and politicians who join those committees innovate more. We employ a natural experiment to show a causal effect of political activism on innovation. We also show evidence of intra-industry and geographical political activism spillovers.

Sign in / Sign up

Export Citation Format

Share Document