减税政策对企业绿色全要素生产率的影响研究OACHSSCD

Based on data from Chinese industrial listed companies,this study employs a two-way fixed effects model and a two-stage least squares method to explore the role of tax cuts in promoting the improvement of enterprise green total factor productivity(GTFP).The results show that enterprise GTFP can be significantly enhanced under the impetus of tax cut policies,and this finding has passed a series of robustness and endogeneity tests.The heterogeneous analysis reveals that the green effect of tax cuts is more pronounced for large-scale enterprises,state-owned enterprises,and enterprises that received tax cuts after 2015.The mediating effect test indicates that tax cut policies can improve corporate GTFP by promoting the enhancement of corporate green innovation levels.The moderating effect test finds that the green awareness of corporate executives positively moderates the relationship between tax cut policies and GTFP.