熟女自慰

作者：Yuwei Wang, Zaijin Zou, anjun Jiang*

题名：Environmental tax reform and corporate disclosure strategy

期刊：《Finance Research Letters》,2025 ,86, 108993.

摘要：This paper examines the relationship between environmental tax reform and visualization in environmental disclosures based on the institutional theory. Evidence from A-share listed firms in China shows that environmental tax reform drives firms to employ visualization in environmental disclosures. By stressing positive environmental outcomes, firms strategically project legitimacy to stakeholders. Finally, we find that the impact of the environmental tax reform is more pronounced among firms with lower financing constraints, those located in regions with stricter environmental regulations, and state-owned enterprises. Our findings demonstrate that visualization plays a crucial role in upholding corporate legitimacy.

论文基于制度理论，探讨了环境税改革与环境披露可视化之间的关系。来自中国A股上市公司的证据表明，环境税改革促使企业在环境披露中采用可视化。通过强调积极的环境成果，企业策略性地向利益相关者传递合法性。最后，我们发现环境税改革的影响在融资约束较低的企业、位于环境法规较严格地区的企业和国有企业中更为明显。我们的研究结果表明，可视化在维护企业合法性方面发挥着至关重要的作用。

关键词：Environmental tax reform Visualization Environmental disclosure

环境税改革 可视化 环境信息披露