scholarly journals The impact of government subsidies on the green innovation capability of new energy automobile companies

2021 ◽  
Vol 680 (1) ◽  
pp. 012113
Author(s):  
Ye Lu ◽  
Qin Liu ◽  
Jia Hui Li
Keyword(s):  
Innovation Capability ◽  
Green Innovation ◽  
Government Subsidies ◽  
New Energy ◽  
The Impact

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 Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy

2021 ◽  
Vol 13 (15) ◽  
pp. 8643
Author(s):  
Susheng Wang ◽  
Gang Chen ◽  
Dawei Huang
Keyword(s):  
Economic Development ◽  
Technological Innovation ◽  
Carbon Dioxide Emissions ◽  
Emission Reduction ◽  
Inhibitory Effect ◽  
Green Innovation ◽  
Difference In Differences ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact

Whether the new energy vehicle pilot policy (NEVPP) can achieve green innovation and emission reduction is an important exploration for China to achieve green and sustainable development. This research aims to empirically investigate the impact, impact mechanism, and heterogeneity characteristics of the NEVPP on urban green innovation and emission reduction based on panel data from 281 cities in China from 2004 to 2017, using difference-in-differences (DID) methods and fixed effect (FE) models. The results show that the NEVPP significantly reduces the carbon dioxide emissions of the pilot cities but significantly inhibits the green innovation, and the results are robust to the placebo test, propensity score matching DID (PSM-DID) test, instrumental variable (IV) estimation, emissions trading system (ETS), and Carbon-ETS interference test, and change of the dependent variable. In addition, further studies have shown that the NEVPP’s emission reduction effects are mainly achieved by reducing energy consumption, promoting technological innovation, and adjusting industrial structure. Moreover, we found that the NEVPP performed better in the regions where the level of economic development is high, the local government has a good relationship with the market, and the level of non-state economic development is high. In general, our research results show that the NEVPP has achieved innovation and emission reduction policy effects in China, but it is also accompanied by an inhibitory effect on green technological innovation.

scholarly journals Industrial Policy and Innovation Capability of Strategic Emerging Industries: Empirical Evidence from Chinese New Energy Vehicle Industry

2019 ◽  
Vol 11 (10) ◽  
pp. 2785 ◽  
Author(s):  
Qiuyun Zhao ◽  
Zeyu Li ◽  
Zuoxiang Zhao ◽  
Jinqiu Ma
Keyword(s):  
Empirical Evidence ◽  
Industrial Policy ◽  
Innovation Capability ◽  
Difference In Differences ◽  
Independent Innovation ◽  
Emerging Industries ◽  
Statistical Support ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact

Industrial policy is an important tool for developing countries to protect their own industries and improve innovation capabilities. This paper takes China’s new energy vehicle industry as an example, and uses the number of invention patents as a measure of independent innovation capability in order to analyze the impact mechanism of industrial policy on innovation. The estimation results of difference-in-differences and propensity score matching estimations show that the “Ten Cities Thousand Vehicles Project” for promoting the new energy vehicle industry has indeed increased the number of invention patents filed in new energy automobile manufacturers, as compared with traditional automakers. This paper also provides empirical evidence and statistical support for the implementation of industrial policies.

scholarly journals The Impact of Startups’ Dual Learning on Their Green Innovation Capability: The Effects of Business Executives’ Environmental Awareness and Environmental Regulations

2020 ◽  
Vol 12 (16) ◽  
pp. 6526
Author(s):  
Shi-Zheng Huang ◽  
Ka Yin Chau ◽  
Fengsheng Chien ◽  
Huawen Shen
Keyword(s):  
Environmental Protection ◽  
Environmental Regulation ◽  
Environmental Regulations ◽  
Green Economy ◽  
Senior Executives ◽  
Innovation Capability ◽  
Green Innovation ◽  
Applied Learning ◽  
The Impact ◽  
Structural Methods

Under the environment of a green economy, green innovation serves as the only way for enterprises to grow, upgrade their competitiveness and seek continued business. Based on a questionnaire survey of 212 enterprises established within 4 years in the Pearl River Delta of China, this research utilizes structural methods to analyze the impacts of exploratory and applied learning (dual learning) on green innovation capability and verifies the environmental protection awareness of senior executives and the adjustment effects of environmental regulation. The results suggest that (1) exploratory and applied learning have a positively significant impact on green innovation capability; (2) under the regulation of environmental protection awareness of internal executives, there are differences in green innovation capabilities under the dual influences of exploratory and applied learning; and (3) under the adjustment of external environmental regulation, there are differences in green innovation capabilities under the dual influences of exploratory and applied learning. The findings indicate that new start-up ventures should raise awareness of environmental protection among senior executives under dual learning and perceive the changes of the government’s environmental regulations to enhance their green innovation capabilities.

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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