| The development of new energy vehicles to replace the traditional high-energy traditional vehicles is an important way for countries to solve the increasingly severe energy bottlenecks and environmental crises,and is also an inevitable choice for realizing China’s sustainable development."Made in China 2025" ranks energy-saving and new-energy vehicles in ten major areas.The rapid development of the new energy automobile industry will achieve a cornering overtaking in China’s automobile manufacturing industry and is of great significance to China’s energy structure transformation.However,new energy vehicles still face bottlenecks in battery performance and inconvenient charging,which seriously restricts the enthusiasm of consumers and is not conducive to the independent development of the new energy vehicle industry.Therefore,in the context of rising sales of new energy vehicles,whether the performance of lithium battery companies and charging pile companies in the new energy automobile industry chain has also been improved,it needs attention and attention.As an important external source of funds for new energy vehicles,government subsidies have always played an important role in promoting the development of the new energy automobile industry.Government R&D subsidies can enhance the company’s research and development willingness and provide financial support for research and development,thereby improving the quality of products and technologies and improving the core competitiveness of enterprises.Standing on the node of government subsidies,the relationship between government R&D subsidies and company performance is studied.The effect of R&D subsidies on R&D investment is of practical significance.This paper selects the listed companies in the new energy automobile industry chain from 2013 to 2017 as a sample,combining the existing research and the development status of new energy vehicles at home and abroad,based on the perspective of the industrial chain,dividing the whole vehicle enterprise,lithium battery enterprise and charging pile enterprise Level,empirical research analyzes the effect of government R&D subsidies on R&D investment,the effect of government R&D subsidies on company performance,and whether there are mediating effects in the relationship between R&D investment and R&D subsidies and company performance.Through empirical tests,the paper draws the following research conclusions:(1)R&D subsidies of vehicle manufacturers and charging pile enterprises have significantly promoted the improvement of company performance.Due to the long development cycle of lithium battery companies,R&D investment has a lagging effect on company performance.The impact makes the relationship between the current research and development subsidies and the company’s performance in the current period is not significant.(2)In the whole vehicle enterprises,lithium battery companies and charging pile enterprises,government R&D subsidies can significantly promote the increase of R&D investment.(3)In the whole vehicle enterprise and charging pile enterprise,the government R&D subsidy promotes the improvement of enterprise performance by increasing R&D investment.The main innovations of this paper are as follows:(1)Combining the development status of new energy vehicles,the relationship between government R&D subsidies,R&D investment and company performance has been added to the perspective of the industry chain,expanding the research dimension of the relationship between the three.(2)Provide reference for the government to formulate support policies for new energy vehicles,and provide empirical evidence for the government to cultivate emerging industries.(3)At present,most of the relevant researches on the new energy automobile industry in China have only been studied and demonstrated from the theoretical point of view.However,this paper selects the perspective of empirical research and,to a certain extent,plays a role in the research system of new energy vehicles.The role of enrichment and expansion. |
PDF Full Text Request