From: Tax incentives and environmental protection: evidence from China’s taxpayer-level data
Dependent variable: ITCdummy | Benchmark sample | Subsample A of benchmark sample | Subsample B of benchmark sample | |||
---|---|---|---|---|---|---|
Independent variables | (1) | (2) | (3) | (4) | (5) | (6) |
Ownership | ||||||
lagForeign | −0.101 (0.176) | −0.151 (0.172) | −0.117 (0.177) | −0.168 (0.173) | −0.122 (0.177) | −0.174 (0.173) |
lagHMT | −0.188 (0.183) | −0.210 (0.180) | −0.201 (0.184) | −0.218 (0.181) | −0.206 (0.184) | −0.223 (0.182) |
lagLshare | 0.098 (0.158) | 0.084 (0.156) | 0.091 (0.159) | 0.079 (0.157) | 0.089 (0.159) | 0.075 (0.157) |
lagPrivate | −0.353** (0.160) | −0.331** (0.159) | −0.371** (0.161) | −0.345** (0.160) | −0.378** (0.161) | −0.350** (0.160) |
lagODomestic | −0.039 (0.144) | −0.078 (0.143) | −0.053 (0.144) | −0.088 (0.144) | −0.058 (0.144) | −0.092 (0.144) |
Taxpayer’s other features | ||||||
laglnage | −0.113* (0.059) | −0.168*** (0.060) | −0.116** (0.059) | −0.171*** (0.060) | −0.117** (0.059) | −0.171*** (0.060) |
laglnsize | 0.373*** (0.027) | 0.399*** (0.030) | 0.379*** (0.027) | 0.405*** (0.030) | 0.382*** (0.027) | 0.408*** (0.030) |
lagcapital | 0.063*** (0.021) | 0.055*** (0.020) | 0.061*** (0.021) | 0.054*** (0.020) | 0.060*** (0.021) | 0.053*** (0.020) |
lagROA | 3.027*** (0.333) | 2.863*** (0.339) | 3.074*** (0.335) | 2.910*** (0.341) | 3.084*** (0.335) | 2.919*** (0.342) |
lagwage | −0.096 (0.104) | −0.098 (0.100) | −0.098 (0.105) | −0.101 (0.101) | −0.095 (0.105) | −0.099 (0.101) |
laglncoalinput | 0.042*** (0.014) | 0.022* (0.013) | 0.043*** (0.015) | 0.023* (0.014) | 0.042*** (0.015) | 0.023* (0.014) |
laglnfuelinput | −0.006 (0.015) | −0.012 (0.014) | −0.005 (0.015) | −0.012 (0.014) | −0.005 (0.015) | −0.012 (0.014) |
Region’s features | ||||||
lnrealgdppc | −0.015 (0.059) | −0.031 (0.048) | −0.014 (0.060) | −0.028 (0.048) | −0.013 (0.060) | −0.028 (0.048) |
fiscalauto | −0.072 (0.252) | −0.353* (0.190) | −0.078 (0.256) | −0.343* (0.193) | −0.082 (0.257) | −0.348* (0.193) |
workingpop | 0.284 (0.227) | 0.291* (0.177) | 0.288 (0.228) | 0.301* (0.176) | 0.282 (0.228) | 0.300* (0.176) |
finance | 0.030 (0.050) | 0.036 (0.037) | 0.032 (0.051) | 0.040 (0.037) | 0.031 (0.052) | 0.040 (0.038) |
indlevel | −0.235 (0.214) | −0.202 (0.136) | −0.271 (0.244) | −0.221 (0.147) | −0.283 (0.255) | −0.231 (0.155) |
Constant | −4.082*** (0.781) | −3.445*** (0.920) | −4.088*** (0.789) | −3.523*** (0.927) | −4.094*** (0.791) | −3.559*** (0.929) |
Year fixed effect | Yes | Yes | Yes | Yes | Yes | Yes |
Province fixed effect | Yes | No | Yes | No | Yes | No |
Province-year fixed effect | Yes | No | Yes | No | Yes | No |
Industry fixed effect | No | Yes | No | Yes | No | Yes |
Industry-year fixed effect | No | Yes | No | Yes | No | Yes |
Observation | 11644 | 11664 | 11563 | 11580 | 11532 | 11548 |
Pseudo R-square | 0.234 | 0.208 | 0.238 | 0.213 | 0.240 | 0.214 |