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| Title: | 租稅優惠如何影響企業綠色投資與漂綠行為？
How Do Tax Incentives Affect Corporate Green Investment And Greenwashing Behavior? |
| Authors: | 陳為騰
Chen, Wei-Teng |
| Contributors: | 翁嘉祥
Weng, Chia-Hsiang
陳為騰
Chen, Wei-Teng |
| Keywords: | 租稅優惠
再生能源
綠色投資
企業漂綠
Tax Incentives
Renewable Energy
Green Investment
Corporate Greenwashing |
| Date: | 2025 |
| Issue Date: | 2025-07-01 14:17:42 (UTC+8) |
| Abstract: | 本研究分析美國再生能源租稅優惠政策──投資稅額抵免（Investment Tax Credit, ITC）與生產稅額抵免（Production Tax Credit, PTC）──對企業綠色投資與漂綠行為之影響。研究期間涵蓋2005年至2021年，觀察政策從擴大實施至逐步退場的過程，並結合政策背景與相關理論進行實證分析。結果顯示，再生能源稅收優惠在永續發展趨勢下能有效提升企業綠色投資意願。同時，稅收優惠亦可能誘發企業進行漂綠行為，當抵免率下降時，漂綠現象亦同步減少。
橫斷面分析發現，資源豐富企業在進行綠色併購時受稅收誘因驅動較強；資金限制高、稅負重或高碳排企業則因轉型成本較高，在抵免率下降時明顯減少綠色投資。此外，面對高度外部監督的企業在政策退場階段，綠色投資與漂綠行為皆呈上升趨勢。整體而言，本研究指出再生能源租稅優惠在推動企業綠色轉型方面具正面效果，但亦可能成為漂綠的潛在誘因。
This study analyzes the effects of U.S. renewable energy tax incentives—the Investment Tax Credit（ITC）and the Production Tax Credit（PTC）—on corporate green investment and greenwashing behavior. The research period is from 2005 to 2021, covering the expansion and gradual phase-out of these tax policies. By combining policy background and related theories, this study conducts empirical analysis to examine how these incentives influence corporate behavior.
The results show that under the global sustainability trend, tax incentives have a positive impact on encouraging green investment. However, they may also lead to greenwashing, which tends to decrease when tax credit rates are reduced. Cross-sectional analysis finds that firms with more resources are more likely to respond to tax incentives, especially in green mergers and acquisitions. On the other hand, firms with higher financial constraints, heavier tax burdens, or high carbon emissions tend to reduce green investment when incentives decrease due to the higher cost of transformation. In addition, companies under strong external pressure tend to increase both green investment and greenwashing during the phase-out period.
In conclusion, this study finds that renewable energy tax incentives can help promote green transformation, but may also become a potential driver of greenwashing. |
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| Description: | 碩士
國立政治大學
會計學系
112353035 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0112353035 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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