Can the Water Resource Fee-to-Tax Reform Promote the "Three-Wheel Drive" of Corporate Green Energy-Saving Innovations? Quasi-Natural Experimental Evidence from China

被引:0
|
作者
Kang, Lu [1 ]
Lv, Jie [2 ]
Zhang, Haoyang [2 ]
机构
[1] Hunan Normal Univ, Sch Business, Changsha 410000, Peoples R China
[2] Shandong Technol & Business Univ, Sch Econ, Yantai 264000, Peoples R China
关键词
water resource fee-to-tax reform; green energy-saving management innovation; mission-driven energy-saving technological innovation; vision-driven energy-saving technological innovation; double machine learning;
D O I
10.3390/en17122866
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
The long-standing, unrestrained utilization of energy resources by China's manufacturing sector has created irreversible obstacles to regional sustainable development. Consequently, the Chinese government has implemented a water resource tax policy in certain regions, with the aim of compelling manufacturing enterprises to adopt green and energy-saving innovations. This study used panel data from Chinese manufacturing companies listed on the A-share market from 2009 to 2020 and employed a double machine learning model to explore whether the water resource fee-to-tax reform can compel enterprises to enhance their tripartite green energy-saving innovation drive. These innovations consist of vision-driven and mission-driven green energy-saving technological innovations and green management energy-saving innovations. Following a quasi-natural experiment, our findings revealed the following: (1) The water resource fee-to-tax policy promoted the internal coupling coordination of the triple-driven system. (2) The policy compelled progress in mission-driven green energy-saving technological innovations and green energy-saving management innovations but hindered vision-driven green energy-saving technological innovations. (3) Within the internal systems of manufacturing enterprises, green energy-saving management innovations play a positive mediating role between the water resource fee-to-tax policy and the mission-driven green energy-saving technology innovation subsystem, but they lack a similar positive mediating mechanism for the vision-driven green energy-saving technology innovation subsystem. (4) The counterfactual framework verified that the mechanistic pathway "water resource fee-to-tax -> green energy-saving management innovation -> mission-driven/vision-driven green energy-saving technological innovation" could be further extended to other manufacturing enterprises not currently under policy compulsion. (5) In the interaction system between manufacturing enterprises and external markets, the development of marketization and financial technology positively regulated the promoting effect of the water resource fee-to-tax policy on mission-driven green energy-saving technological innovations and green energy-saving management innovations, but it did not have a similar effect on vision-driven green energy-saving technological innovations.
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页数:38
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