How does China’s resource tax law affect resource-based firms’ total factor productivity?
Using panel data of A-shares during 2017–2022 and the difference-in-differences approach, this study investigates the effect of China’s resource tax law (RTL) on firms’ total factor productivity (TFP). The benchmark and robustness tests demonstrate a significant promotional impact of RTL on resource...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-12-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S266618882400248X |
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| author | Yu He Xiaoqi Zhang Xingyan Zhang |
| author_facet | Yu He Xiaoqi Zhang Xingyan Zhang |
| author_sort | Yu He |
| collection | DOAJ |
| description | Using panel data of A-shares during 2017–2022 and the difference-in-differences approach, this study investigates the effect of China’s resource tax law (RTL) on firms’ total factor productivity (TFP). The benchmark and robustness tests demonstrate a significant promotional impact of RTL on resource-based firm TFP. Besides, quantile analysis reveals that the RTL positively affects firms with higher initial TFP levels more than those with lower levels. The RTL’s effect on firms’ TFP emerges (becomes stronger) only if research and development investments (government subsidies) reach a certain value. Heterogeneity analyses show that the RTL has various impacts on different types of firms. |
| format | Article |
| id | doaj-art-73ab25bd975d4208b2aba7ce4e6ed0b4 |
| institution | Kabale University |
| issn | 2666-1888 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-73ab25bd975d4208b2aba7ce4e6ed0b42024-12-18T08:52:55ZengElsevierSustainable Futures2666-18882024-12-018100400How does China’s resource tax law affect resource-based firms’ total factor productivity?Yu He0Xiaoqi Zhang1Xingyan Zhang2School of Finance, Chongqing Technology and Business University. 19 Xuefu Road, Nan'an District, Chongqing, 400067, ChinaSchool of Finance, Chongqing Technology and Business University. 19 Xuefu Road, Nan'an District, Chongqing, 400067, ChinaCorresponding author.; School of Finance, Chongqing Technology and Business University. 19 Xuefu Road, Nan'an District, Chongqing, 400067, ChinaUsing panel data of A-shares during 2017–2022 and the difference-in-differences approach, this study investigates the effect of China’s resource tax law (RTL) on firms’ total factor productivity (TFP). The benchmark and robustness tests demonstrate a significant promotional impact of RTL on resource-based firm TFP. Besides, quantile analysis reveals that the RTL positively affects firms with higher initial TFP levels more than those with lower levels. The RTL’s effect on firms’ TFP emerges (becomes stronger) only if research and development investments (government subsidies) reach a certain value. Heterogeneity analyses show that the RTL has various impacts on different types of firms.http://www.sciencedirect.com/science/article/pii/S266618882400248XDifference-in-differences approachThreshold effect analysisTotal factor productivityResource tax lawResearch and development investments |
| spellingShingle | Yu He Xiaoqi Zhang Xingyan Zhang How does China’s resource tax law affect resource-based firms’ total factor productivity? Sustainable Futures Difference-in-differences approach Threshold effect analysis Total factor productivity Resource tax law Research and development investments |
| title | How does China’s resource tax law affect resource-based firms’ total factor productivity? |
| title_full | How does China’s resource tax law affect resource-based firms’ total factor productivity? |
| title_fullStr | How does China’s resource tax law affect resource-based firms’ total factor productivity? |
| title_full_unstemmed | How does China’s resource tax law affect resource-based firms’ total factor productivity? |
| title_short | How does China’s resource tax law affect resource-based firms’ total factor productivity? |
| title_sort | how does china s resource tax law affect resource based firms total factor productivity |
| topic | Difference-in-differences approach Threshold effect analysis Total factor productivity Resource tax law Research and development investments |
| url | http://www.sciencedirect.com/science/article/pii/S266618882400248X |
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