税费返还与西部地区上市企业绿色创新：一个倒U型关系分析

楚雄师范学院学报 ›› 2024, Vol. 39 ›› Issue (2): 71-78.

税费返还与西部地区上市企业绿色创新：一个倒U型关系分析

李哓帆, 丁桦

青海民族大学经济与管理学院,青海西宁 810007

收稿日期:2023-12-21 出版日期:2024-03-20 发布日期:2024-05-15
作者简介:李哓帆（1999–）,男,青海民族大学经济与管理学院硕士研究生,研究方向为会计政策与理论;丁桦（1974–）,女,青海民族大学经济与管理学院教授,研究方向为会计政策与理论、公司理财。
基金资助:
青海民族大学研究生重点创新项目（65M2023061）

Tax Rebates and Green Innovation of Listed Companies in the Western Region: An Analysis of the Inverted U-shaped Relationship

LI Xiaofan, DING Hua

School of Economics and Management, Qinghai Minzu University, Xining, Qinghai Province 810007

Received:2023-12-21 Online:2024-03-20 Published:2024-05-15

摘要/Abstract

摘要： 以2013–2022年我国西部地区沪深A股上市企业为研究对象,采用双向固定效应模型实证分析了税费返还和企业绿色创新的非线性关系。结果表明,税费返还与企业绿色创新呈先升后降的倒U型关系,税费返还在一定适度区间内可有效激励企业绿色创新。异质性分析发现,税费返还对低融资约束、高资产规模企业的影响显著大于高融资约束、低资产规模的企业。此外,与国有企业相比,税费返还对非国有企业的影响更加显著。研究结论为政府制定相关税费返还政策以及推动企业绿色创新提供理论依据和实践启示。

关键词: 税费返还, 绿色创新, 倒U型关系, 西部地区

Abstract: Focusing on listed A-share companies in China's western region from 2013 to 2022, this study employs a bidirectional fixed-effect model to empirically analyze the nonlinear relationship between tax refunds and corporate green innovation. The findings reveal an inverted U-shaped relationship between tax refunds and corporate green innovation, indicating that tax refunds effectively stimulate green innovation within a moderate range. Heterogeneous analysis demonstrates that the impact of tax refunds is significantly greater for companies with low financing constraints and large asset sizes compared to those with high financing constraints and small asset sizes. Moreover, the influence of tax refunds on non-state-owned enterprises is more pronounced compared to that on state-owned ones. The research conclusions can provide theoretical insights and practical implications for the government in formulating tax refund policies and promoting corporate green innovation.

Key words: tax rebate, green innovation, inverted U-shaped relationship, western region

中图分类号:

F812.42

李哓帆, 丁桦. 税费返还与西部地区上市企业绿色创新：一个倒U型关系分析[J]. 楚雄师范学院学报, 2024, 39(2): 71-78.

LI Xiaofan, DING Hua. Tax Rebates and Green Innovation of Listed Companies in the Western Region: An Analysis of the Inverted U-shaped Relationship[J]. Journal of Chuxiong Normal University, 2024, 39(2): 71-78.