The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation

Energy Policy ◽  
2020 ◽  
Vol 141 ◽  
pp. 111463 ◽  
Author(s):  
Feifei Yu ◽  
Liting Wang ◽  
Xiaotong Li
2021 ◽  
Author(s):  
Sha Zhang ◽  
Fang Chen

Abstract The new energy vehicle enterprises is a strategic emerging industry in China, so more and more government subsidies to promote innovative development are being accepted by new energy vehicle enterprises. What is the innovation efficiency of new energy vehicle enterprises receiving government subsidies? With the acceleration of the process of global economic financialization, whether financial support can promote the innovation efficiency of government subsidies and how enterprises should allocate financial assets have become issues that need to be deeply considered. Based on the annual report data of China's domestic listed new energy vehicle enterprises from 2015 to 2020, the relationship between government subsidies and enterprise innovation efficiency is empirically tested, and the impact of financial support on enterprise R&D innovation efficiency is investigated. The empirical results show that government subsidies are wasteful and fail to effectively promote R&D innovation, and the innovation efficiency of government subsidies is positively influenced by firm nature and firm age, while the total asset turnover ratio, operating cycle and firm size have a negative impact on innovation efficiency. Further research found that there is an inverted U-shaped relationship between financial support and the innovation efficiency of government subsidies. A certain degree of financial support has a positive impact on the innovation efficiency of government subsidies, but excessive financial support has a negative impact on the innovation efficiency of government subsidies. The conclusion provides empirical evidence for the Chinese government to improve the subsidy policy and standardize the development of new energy vehicle enterprises, and has a certain reference value for guiding new energy vehicle enterprises to reasonably allocate financial support.


2019 ◽  
Vol 11 (7) ◽  
pp. 2098 ◽  
Author(s):  
Xiu SHI ◽  
Rui JING ◽  
Guang-ming HOU ◽  
Jun-peng WANG

This paper attempts to explore the role of innovation networks in the new energy vehicle industry from the perspective of evolution, by integrating of the overall network and the entities’ microscopic features and designing relative variables. Based on market orientation theory social network analysis, the relationship between network location and technological niche and the role of the network relationship strength was examined through empirical data of China’s 2009–2017 patents for new energy vehicles. The results show that: (1) There is an inverted U-shaped relationship between the central position and the technological niche “state” and “potential”; (2) There is an inverted U-shaped relationship between the brokerage position and the entities’ technological niche “state”, and the inverted U-shaped relationship with the technological niche “potential” is not significant; (3) The overall relationship strength of the network modulates the inverted U relationship between the central location and the technological niche. This paper opens up new ideas for the research of the role of innovation networks. The research conclusions have important implications for the management practice of new energy vehicle industries in China through collaborative networks to achieve technological innovation.


2021 ◽  
Vol 143 ◽  
pp. 105434
Author(s):  
Xue-Feng Shao ◽  
Yi Li ◽  
Yuliani Suseno ◽  
Rita Yi Man Li ◽  
Kostas Gouliamos ◽  
...  

2020 ◽  
Vol 214 ◽  
pp. 01006
Author(s):  
Wu Xiaoman ◽  
Wu Shiqi

This paper selects 112 listed companies in China’s a-share new energy vehicle sector from 2009 to 2018 as a research sample, and uses panel data regression analysis models to empirically test the effects of government subsidies on corporate R&D investment and corporate innovation performance. It shows that government subsidies have a significant promotion effect on enterprises R&D investment; government subsidies have a significant inhibition effect on enterprises’ innovation performance.


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