Factors influencing new energy enterprises' technology innovation: Based on dynamic factor market framework

Abstract

Resource depletion and environmental pollution are the serious problems which traditional energy faces; therefore the development of new energy is in urgent need to improve the dangerous situation. Developing new energy depends on the level of the development of new energy technology; while the enterprise with advanced technology and continuous innovation can develop faster. Technological innovation is affected by many factors, and the dynamic change of determinants also influences the process of technological progress. Therefore, this article selects 71 new energy listed companies in our country from 2006 to 2013 as the research object and examines the degree of technological personnel, intangible assets, enterprise property, growth rate, technology elements, scale, and capital structure influencing technology innovation. At the end, the article proposes suggestions on the development of new energy listed companies in China.