活动安排
时间：2023年12月5日（周二）10: 00-11:00
讲座地点：松江校区2教220
主 讲 人：张健 ok138cn太阳集团 教授
主题：Taxation, information, and corporate environmental investments
讲座摘要
We examine how taxation information affects corporate environmental investments. Using a difference-in-differences design based on the implementation of China Taxation Administration Information System III (CTAIS-3), we find that firms’ environmental investments decrease substantially two years after introducing the taxation information technology system. Furthermore, we demonstrate that CTAIS-3 mitigates information asymmetry, resulting in firms reducing their environmental investment through both an taxation enforcement channel and an information channel. Additional analyses reveal that firms with more severe asymmetric information or fewer constraints on mandatory environmental investments are most affected by the shock to tax information. The non-compulsory investment categories, such as ecology restoration or general environmental protection experience a greater decline after the launch of CTAIS-3.
主讲人简介
张健，教授、博士生导师。美国天普大学工商管理博士，金融科技与公司财务系主任，上海市人才项目获得者，一直致力于公司金融实证研究，取得一系列重要研究成果。主持国家自然科学基金面上项目、青年项目以及教育部人文社科青年项目、资政报告获省部级领导批示；在Management Science、Journal of Business Ethics和Journal of Corporate Finance等期刊发表高水平论文二十余篇。担任Economic Analysis and Policy期刊副主编、Financial Innovation期刊编委、China Finance Review International青年编委等学术兼职。
承办单位
ok138cn太阳集团
