scholarly journals An Empirical Analysis of the Impact of Government Subsidies on the Innovation of New Energy Automobile Companies before and after the subsidy policy declines

2021 ◽  
Vol 680 (1) ◽  
pp. 012011
Author(s):  
Ye Lu ◽  
Qin Liu ◽  
Ming dan Han
Keyword(s):  
Empirical Analysis ◽  
Subsidy Policy ◽  
Government Subsidies ◽  
Before And After ◽  
New Energy ◽  
The Impact

scholarly journals System Dynamics Model for the Evolutionary Behaviour of Government Enterprises and Consumers in China’s New Energy Vehicle Market

2020 ◽  
Vol 12 (4) ◽  
pp. 1578 ◽  
Author(s):  
Hongxia Sun ◽  
Yao Wan ◽  
Huirong Lv
Keyword(s):  
System Dynamics ◽  
Motor Vehicle ◽  
Replicator Dynamics ◽  
Evolutionary Game ◽  
Practical Significance ◽  
Subsidy Policy ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact ◽  
Vehicle Market

Exhaust pollution and energy crises are worsening worldwide. China has become the largest motor vehicle producer; thus, promoting the use of new energy vehicles (NEVs) in China has important practical significance. In this paper, considering the limited rationality of governments, NEV enterprises and consumers, we study the subsidy policy of the China NEV market using the evolutionary game and system dynamics (SD) methods. First, a tripartite evolutionary game model is developed and the replicator dynamics equations and Jacobian matrix are obtained. A SD simulation of the model was conducted to further clarify the impact of the initial market proportion and three variables used in the model. The results show that the initial market proportion affects the evolution speed but does not affect the evolution result when the three group players all choose a mixed strategy. For governments, they should not hastily cancel price subsidies provided to consumers; rather, they should dynamically adjust the rate of the subsidy decrease and increase the consumers’ extra cost for purchasing fuel vehicles (FVs). NEV enterprises should appropriately increase their investments in the research and development (R&D) of NEVs.

scholarly journals The Impact of Financial Support on Innovation Efficiency of Government Subsidies From the Perspective of DEA-Tobit——An Empirical Study Based on Chinese New Energy Vehicle Enterprises

2021 ◽  
Author(s):  
Sha Zhang ◽  
Fang Chen
Keyword(s):  
Financial Support ◽  
Negative Impact ◽  
Positive Impact ◽  
Reference Value ◽  
Chinese Government ◽  
Operating Cycle ◽  
Government Subsidies ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact

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.

scholarly journals The Impact of Acquisition on Bentoel Internasional Investama Corporation Financial Performance

2019 ◽  
Vol 2 (3) ◽  
pp. 144-149
Author(s):  
Wiwiek Mardawiyah Daryanto ◽  
Bramastra Purnomosidhi ◽  
Sarah Khairannisa
Keyword(s):  
Financial Performance ◽  
Empirical Analysis ◽  
Tobacco Industry ◽  
Annual Report ◽  
Investment Climate ◽  
Tobacco Company ◽  
The World ◽  
Before And After ◽  
Future Strategy ◽  
The Impact

Indonesia Tobacco Industry is one of themost prosperous business in the world, globalization made company across the globe racing to acquire tobacco company. Indonesian investment climate allows acquisition conduct by a foreign company in this sector. This study based on the acquisition of PT. Bentoel Internasional Investama (RMBA) by aforeign company (British American Tobacco) in 2010, the data was collected from the annual report of RMBA during 2006- 2015. Four accounting ratio were applied to test the signiicant change in the inancial performance of RMBA five years before and ive years after the acquisition. There is a signiicant difference in the inancial performance of the RMBA between pre and post-acquisition. The signiicant difference can be used as an input to improve RMBA inancial performance. This study provides an empirical analysis before and after acquisition that can be served for a future strategy on acquisition tobacco company in Indonesia.

scholarly journals The Impact of the Subsidy Policy on Total Factor Productivity: An Empirical Analysis of China's Cotton Production

2013 ◽  
Vol 2013 ◽  
pp. 1-8 ◽  
Author(s):  
Yanwen Tan ◽  
Jianbo Guan ◽  
Hamid Reza Karimi
Keyword(s):  
Total Factor Productivity ◽  
Malmquist Index ◽  
Policy Implications ◽  
Cotton Production ◽  
Factor Productivity ◽  
Subsidy Policy ◽  
Positive Study ◽  
Before And After ◽  
The Impact ◽  
The Relationship

This paper develops one model to explore the relationship between the subsidy policy and the agricultural total factor productivity (TFP). It indicates that the agricultural TFP will be lower after the subsidy policy is implemented and there exists a negative relation between the subsidy and TFP, if subsidies are associated with the acreage. Using Malmquist index, this paper measures the changes of TFP in China's cotton production before and after the subsidy policy is implemented. The results verify that the subsidy policy could not increase but decrease the TFP of China's cotton production, not only in the whole country but also in major provinces of China. Based on the positive study, some policy implications are provided in the end of this paper.

scholarly journals The Influences of Government Subsidies on Performance of New Energy Firms: A Firm Heterogeneity Perspective

2019 ◽  
Vol 11 (17) ◽  
pp. 4518 ◽  
Author(s):  
Manzhi Liu ◽  
Liyuan Liu ◽  
Shichun Xu ◽  
Mingwei Du ◽  
Xianxian Liu ◽  
...  
Keyword(s):  
Firm Performance ◽  
Coastal Areas ◽  
State Ownership ◽  
Promoting Effect ◽  
Government Subsidies ◽  
Regional Characteristics ◽  
New Energy ◽  
The Government ◽  
The Impact ◽  
Positive Effect

Based on the empirical analysis of panel data on new energy listed companies in China, the relationships among government subsidies, enterprise research and development input (R&D input), and firm performance are explored to measure the impact of government subsidies on firm performance and the mediation mechanism of R&D input. In addition, the effects of the moderation variables of regional characteristics and state ownership are measured from the enterprise heterogeneity perspective. The results show that government subsidies have a positive promoting effect on R&D input; R&D input has a two-year lag positive effect on firm performance; government subsidies have a two-year lag positive effect on firm performance through the mediation role of R&D input. Regional characteristics and enterprise properties moderate the effect of government subsidies on firm performance. Government subsidies have a greater positive effect on firm performance in the eastern coastal areas than they do in mid-west coastal areas, and there is a crowding-out effect on the mid-west coastal areas. Government subsidies have a greater positive effect on the performance of non-state-owned enterprises than they do on state-owned enterprises. Suggestions are provided for the government to adjust subsidy policy and improve the performance of new energy enterprises.

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