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Research on environmental regulation, environmental protection tax, and earnings management

Frontiers in environmental science, 2023-03, Vol.11 [Peer Reviewed Journal]

2023. This work is licensed under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2296-665X ;EISSN: 2296-665X ;DOI: 10.3389/fenvs.2023.1085144

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Title:
Research on environmental regulation, environmental protection tax, and earnings management
Author: Fu, Shiwen ; Yuan, Jianguo ; Xiao, Deyun ; Chen, Zhiqiang ; Yang, Gaorong
Subjects: Accounting ; accrual earnings management ; Compensation ; Competition ; Competitive advantage ; Corporate profits ; Costs ; Earnings management ; Economic activity ; Economic development ; Energy consumption ; Environmental impact ; Environmental management ; Environmental protection ; environmental protection tax ; environmental regulation ; Environmental regulations ; Environmental science ; Environmental tax ; Financial statements ; Heterogeneity ; Hypotheses ; Literature reviews ; Pollution ; Profitability ; Profits ; R&D ; real earnings management ; Research & development ; Social responsibility ; Tax increases
Is Part Of: Frontiers in environmental science, 2023-03, Vol.11
Description: After the Chinese government put forward carbon peaking and carbon neutrality goals, the intensity of environmental regulation has reached an unprecedented height. Using a sample of heavily polluted A-share listed companies in Shanghai and Shenzhen from 2012 to 2018, we discuss the influence mechanism of environmental regulation and environmental tax on corporate earnings management in this study. We use multiple regression models to empirically verify the impact of environmental regulation, environmental tax, and their combined effect on corporate earnings management. We find that environmental regulations promote enterprises’ upward real earnings management and inhibit enterprises’ upward accrual earnings management. However, environmental taxes discourage firms from upward accrual earnings management. Moreover, environmental regulations and environmental tax jointly promote enterprises’ upward accrual earnings management and real earnings management. And there is heterogeneity among different enterprise natures, different enterprise sizes, enterprises in regions with different degrees of marketization, different intensities of government investment in environmental protection, and whether enterprises disclose their environmental protection concepts. The contribution of this paper is to put environmental regulation, environmental protection tax, and earnings management in the same analytical framework. We aim to combine the government’s macro policy with the enterprise’s micro behavior and to deeply analyze the impact and mechanism of environmental regulation, environmental protection tax, and their combined effect on enterprise earnings management. By analyzing the heterogeneity of these impacts from multiple dimensions, this study tries to expand the research horizon, fill the research gap, and provide theoretical support for the government to formulate comprehensive environmental regulation policies.
Publisher: Lausanne: Frontiers Research Foundation
Language: English
Identifier: ISSN: 2296-665X
EISSN: 2296-665X
DOI: 10.3389/fenvs.2023.1085144
Source: Coronavirus Research Database
ROAD: Directory of Open Access Scholarly Resources
ProQuest Central
DOAJ Directory of Open Access Journals

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Research on environmental regulation, environmental protection tax, and earnings management

2023. This work is licensed under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2296-665X ;EISSN: 2296-665X ;DOI: 10.3389/fenvs.2023.1085144

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