The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Can value-added tax incentives of new energy industry increase firm's profitability? Evidence from financial data of China's listed companies
Abstract
Abstract Tax incentives for new energy industry have been adopted at various stages of an emerging economy. However, there is little evidence on the effectiveness of tax incentives from the perspective of firm's profitability. We compare value-added tax (VAT) incentives in different kinds of new energy enterprises in China and study the effect of VAT incentives on new energy listed companies through the Difference-In-Difference (DID) approach empirically. The results show that VAT refunds of new energy industry could decrease the return on equity (ROE) of the experiment group, which is lower than the control group by 4.7%. This is mainly due to the distorted industrial chain, overcapacity and insufficient innovation motivation caused by the tax incentives. We also find out that the policy impact has a time lag and varies considerably across time by examining the dynamic effects of VAT incentives. This study provides some new evidence on the efficiency of tax incentives toward new energy industry by firm-level data.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
How Much Should We Trust Differences-in-Differences Estimates?
Bertrand, M., Duflo, E., & Mullainathan, S. (2004) · The Quarterly Journal of Economics · doi:10.1162/003355304772839588 · Cited by 10,641
The economic impact of Special Economic Zones: Evidence from Chinese municipalities
Wang, J. (2013) · Journal of Development Economics · doi:10.1016/j.jdeveco.2012.10.009 · Cited by 880
Zhang (2016) · doi:10.1016/j.energy.2015.11.054 · Cited by 93
Cited by
Hao, X., Li, Y., Ren, S., Wu, H., & Hao, Y. (2023) · Journal of Environmental Management · doi:10.1016/j.jenvman.2022.116504 · Cited by 734
Yang, X., Zhang, J., Ren, S., & Ran, Q. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2020.125015 · Cited by 264
Metadata
- Authors
- Sun, C., Zhan, Y., & Du, G.
- Venue
- Energy Economics
- Publisher
- Elsevier BV
- Published
- 2020-02
- Volume
- 86
- Pages
- 104654
- ISSN
- 0140-9883 (ISSN-L)
- OpenAlex
- W2998473448
- Cited by
- 174
- References
- 3
- FWCI
- 47.35
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Can value-added tax incentives of new energy industry increase firm's profitability? Evidence from financial data of China's listed companies. https://app.cochat.ai/papers/10.1016/j.eneco.2019.104654
- The paper
- Sun, C., Zhan, Y., & Du, G. (2020). Can value-added tax incentives of new energy industry increase firm's profitability? Evidence from financial data of China's listed companies. Energy Economics. https://doi.org/10.1016/j.eneco.2019.104654
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
