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Accelerated depreciation of fixed assets and green transformation of enterprises

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  • Guo, Yixuan
  • Zhang, Fan

Abstract

Facilitating the green transformation of enterprises is a crucial research topic. Tax policy is a key tool for governments to influence enterprise development, with a significant impact on their innovation behavior. We establish a staggered DID model based on the relevant data of Chinese A-share listed companies from 2012 to 2021, finding that the policy can promote green transformation of enterprises though optimized finance, innovation driven, and responsibility implementation. We also explore the policy's heterogeneous impact in three dimensions: time, space, and corporate attributes. Based on the above findings, suggestions are provided for further improving the policy in China.

Suggested Citation

  • Guo, Yixuan & Zhang, Fan, 2024. "Accelerated depreciation of fixed assets and green transformation of enterprises," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
    • Handle: RePEc:eee:pacfin:v:86:y:2024:i:c:s0927538x24001793
    DOI: 10.1016/j.pacfin.2024.102428
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    References listed on IDEAS

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    1. Kong, Dongmin & Ji, Mianmian & Zhang, Fan, 2022. "Individual investors’ dividend tax reform and corporate social responsibility," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 78(C).
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    5. Charles J. Hadlock & Joshua R. Pierce, 2010. "New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index," The Review of Financial Studies, Society for Financial Studies, vol. 23(5), pages 1909-1940.
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    Cited by:

    1. Jiarui Gao & Tongshui Xia, 2024. "Can Green Credit Policies Promote Fund Investment? Evidence from China," Sustainability, MDPI, vol. 16(17), pages 1-20, August.

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