Abstract
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.
Highlights
With the support of policies, the number of patent applications related to new energy vehicles has increased year by year, and the production and sales of new energy vehicles have increased year by year
Based on the above analysis, this article makes the following assumptions: H1: In the new energy vehicle industry, government subsidies are positively related to R&D investment
H2: In the new energy vehicle industry, government subsidies are negatively related to corporate innovation performance
Summary
With the development of economy and society, the level of urbanization continues to improve, the production and sales of fuel vehicles in China are growing rapidly. The key point of environmental protection is to develop new energy and low-carbon economy. Under this background, the traditional automobile industry, which is faced with the scarcity of non-renewable energy such as oil and the increase of pollutant production, urgently needs to reform and innovate, change the industrial structure, only in this way can it have sustainable development in the future. In 2012, it introduced related policies such as granting government subsidies in research and development and sales to strongly support new energy. With the support of policies, the number of patent applications related to new energy vehicles has increased year by year, and the production and sales of new energy vehicles have increased year by year. Whether government subsidies can promote the innovation performance of new energy vehicles has become a hot topic
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