Research On The Effect Of Low-subsidy Time On Investment Behavior Of G Power Battery Company

With the rapid development of China's economy and the demand for ecological civilization construction,the power battery industry has been widely concerned as a core link in the new energy automotive industry.In the inception phase of every industry,it can't achieve development by itself.So it must rely on the government's support.In China,in order to promote the development of power battery industry,a series of fiscal and taxation policies led by financial subsidies are widely used.However,the high subsidy caused many problems,just like "frauds" and structural overcapacity,China's government have to keep an eye on that.So by the end of 2016,the new deal of subsidies released,as a symbol of the power battery industry will enter the Low-subsidy era in 2017.So in such a new macro-environment,whether the power battery company's investment behavior has been affected and been sensitive to the new policy,it worth attention.In this dissertation,we select investment behavior of G enterprise as the research object,by analyzing its performances in the background of Low-subsidy can improve the subsidy policy and power battery enterprise's investment behavior in future.This dissertation has six chapters.The first chapter is introduction of research,mainly about the research backgrounds,research achievements that are relate to the paper.Beyond that,this part has determined the research ideas,methods and significance.In order to a better understanding and analysis,the second chapter define the concepts associated with this article and summarizes the theory that will be used next.Then the third chapter is an introduction of G enterprise.The fourth chapter is most important of this paper.It analyzes the investment behavior of G company in the background of Low-subsidy from three aspects:investment scale,investment direction and investment performance.The fifth chapter is based on the fourth part,then elicits the revelation,such as The fifth chapter based on the fourth chapter,draw the case of enlightenment,such as the current government subsidy policy is still motivated to support the development of the industry,G's investment performance move in the same direction with government subsidies.And based on these revelation,from the government follow-up policy-making process and follow-up investment behavior of G companies two aspects,present recommendations.These are summarized as the government policy-making must be centric on supporting the development of industry,and provide a stable envirornment for industry;G needs to make a investment strategy which suit its own development.Not only should pay attention to the stability of cash flow in the new environment,but also must pay attention to cut costs.The last chapter summarizes the full paper and points out research direction next.This dissertation starts from a specific case,research the investment behavior of power battery industry in the first year of Low-subsidy,it is rich in government's financial aid and company's investment behavior theory.At the same time,it has meaning to follow-up policy-making and follow-up developments of power battery industry.