| In recent years, countries in line with its energy development strategy, adopted various measures, one important measure is to vigorously develop renewable energy and achieve sustainable energy development. Meanwhile, along with the rapid development of renewable energy industry, more and more companies were added to the industry, and its development and the development of renewable energy industry has close links, especially related to corporate performance will be affected by industrial policy. However, renewable energy remains high unit cost of power generation and previous large-scale investment in infrastructure, the market competitiveness of the industry is weak, the enterprise development is also an important influence. In recent years the global renewable energy industry preached trend of rapid development, which is largely dependent on the countries, especially the developed countries attach great importance to this area and support, tax incentives, subsidies, credit support, a series of policy mix price incentives, research and industry support has played a significant role. Similarly, for China to ease the energy and environmental issues currently facing, China has developed various forms of renewable energy policies. However, the impact in recent years, shrinking international market, policy brakes and other major factors, China’s renewable energy industry fluctuate significantly, especially on some of the weak competitiveness of enterprises is more significant. As early market less competitive and strategically significant industry, the effectiveness of the relevant policies and long-term stability is very important. Among them, the renewable energy policy effectiveness evaluation is an important basis for future policy adjustment and optimization, as well as related businesses to develop reference development strategy. However, this area is currently a lack of appropriate quantitative research and classification analysis, therefore more necessary further research.Based on the current domestic renewable energy industry development, combined with studies abroad effectiveness of renewable energy such as industrial policy, the paper relies on China31provinces and cities in the implementation of renewable energy policies and industry between2006to2012, the enterprise development of data, parsing the differences and the reasons for the different regional policy, regional policy implemented by the time and intensity differences incentive analysis on local renewable energy industry development and performance affect the company’s attempt to peel a combination of existing policies and independent analysis to achieve Quantitative evaluation of China’s renewable energy policy effectiveness.Content of this article is divided into the following five sections:Introduction Chapter1introduces the topic of this article discusses the background, significance, research ideas and research methods and innovations that may exist; Chapter2, literature review, from emerging industries based policy mechanism and other aspects of the role of government to sort out on the industrial development and business performance from the perspective of summarizing the effectiveness of industrial policy, followed by China’s renewable energy industry policy development were summarized and combing the literature; Chapter3is based on the major renewable energy industry policy implementation areas and major area of wind power enterprises, China’s renewable energy policy area and the reasons for differences in resolution, so for the next part of the energy industry on renewable policy effectiveness in terms of industrial development and business performance analytical foundation. Select the portion of the data, the relevant variable is set and the model selection for Chinese renewable energy policy regional differences be resolved; Chapter4of the effectiveness of the renewable energy industry policy empirical analysis, mainly from industrial development and business performance two were analyzed aspects. This section describes the research design (design variables, data validation and model selection) and the empirical results analysis; Chapter5, conclusions and prospects, based on the regression results Chapters3and4, and further analysis and discussion, while noting that this study inadequate and future research directions for improvement.Through the analysis of the empirical results, the paper finally come to the following conclusions:First, the regional policy of China’s renewable energy industry there are significant differences, this difference comes mainly from around the endowment of renewable energy, economic development and environmental protection, etc. influencing factors. At the same time the influence of policy planning, cost-sharing and benchmarking tariff three policy areas there are also differences. Second, the effectiveness of renewable energy policy implementation point of view, policy planning, cost-sharing and benchmarking tariff on three policies on industrial development and the effectiveness of corporate performance on business performance heterosexual. Among them, the cost-sharing for the wind power industry have a positive role in promoting policy planning significant impact on business performance industry benchmark price at the same time have an impact on both. Third, the renewable energy industry and foreign policy effectiveness comparisons. Domestic industrial development on renewable energy policy planning class effect and implementation of incentive policies for renewable energy quota system for foreign and implementation effect of green power option two policies there is a certain similarity, the role of such policies on the development of the renewable energy industry not very obvious. In addition, the relevant tariff policy in terms of domestic and foreign benchmark tariff fixed price etc helps the development of renewable energy generation, thus promoting the development of renewable energy industries.Through the conclusion of the analysis, the paper industry level and at the enterprise level are proposed ideas for future improvements. On the industry level, this paper based on the following regional differences and other factors make renewable energy industry segments and improvement of policy ideas, while the renewable energy industry policy suggestions for improvements to the effectiveness of the long-term nature of development. On the corporate level, this paper the influence of external factors on business performance based, focusing on analysis of the relationship between corporate performance and policy factors, and provide some guidance and advice to enterprises to improve performance management.Based on the above analysis, innovations that may exist in this article are: Firstly, this paper is based on inter-provincial differences before the realization of China’s domestic research and renewable energy policies in the quantitative validity industry level and enterprise level performance analysis, more focus on foreign policy from the comb, analysis and reference to the theoretical analysis and qualitative research-based, although in recent years there have economic impact of renewable energy policy empirical research and simulation analysis of the effectiveness of, but still lacking Empirical study evaluated the effectiveness of the policy. Secondly, the use of probabilistic prediction of this article explains the reasons for inter-provincial differences in renewable energy policy generated. The paper established Binary logit model by using Statal2.0data analysis, and probability Chinese provinces, municipalities and autonomous regions renewable energy policy predictions. The paper about renewable energy policy use Tobit regression to analysis the renewable energy industry’s implementation effectiveness. between different policies. Thirdly, from the long-term nature policy segmentation and policy perspectives, the future Chinese renewable energy policy improvement ideas, while in the renewable energy industry policy based on the effectiveness of enterprise performance, we propose to improve enterprise performance management recommendations and provide reference and guidance for enterprises to develop relevant development strategies.In addition, the paper also possible shortcomings, for example, the paper studies the main choice of policy planning, cost-sharing and the benchmark tariff three renewable energy policies, other renewable energy policies are not taken into account. In addition, the measurement of some variable, due to data limitations, for example, with regard to the measurement of wind energy resource endowment, this article will be considered as constants, which can be offset to some extent the findings. In this paper, the financial indicators to measure business performance, which to some extent may also affect the results. |
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