Research On The Effcet Of Post-subsidy Time On Investment Behavior And Performance Of Yiwei Company

In recent years,with the rapid development of China's economy,the energy problem has become more and more serious.In order to alleviate China's energy crisis,promote ecological civilization and economic development,new energy has undoubtedly become the country's most concerned energy strategy.Since 2013,in order to promote the development of new energy industry,the government has issued relevant fiscal subsidy policies.However,the high fiscal subsidy is a double-edged sword.It not only promotes the development of new energy industry,but also causes some problems such as structural overcapacity and"subsidy fraud".'Therefore,the government issued a notice in 2015,which indicated that the government subsidy would be subject to a gradual decline year by year from 2016 to 2020,and enterprises would gradually enter the post-subsidy era from 2016.With the change of the subsidy policy,as a core part of the new energy industry,the power battery enterprises whether perception to the new environment of change and the request,adjust their own investment behavior,adjusted again whether to promote the development of the company,after the subsequent power battery enterprises how to better deal with subsidies for social development,and these are worth us to explore and attaches great importance to the problem.This paper analyzes the post-subsidy investment behavior and investment performance of the case study of yiwei lithium,which ranks high in the power battery industry-and provides some suggestions for the future investment behavior selection of other power battery enterprises.This paper is divided into five chapters.The first chapter is the introduction,and the second chapter defines the concept and theoretical research,defines the concept of government subsidies and post-subsidy era,and analyzes the theoretical basis of market failure,externality and enterprise investment.Chapter three analyzes the current market background and financial subsidies of yiwei lithium energy in the power battery industry.The fourth chapter analyzes the influence of government subsidy on e-way lithium energy investment behavior and performance in the post-subsidy era.The investment behavior mainly analyzes the influence of post-subsidy era on the scale of fixed assets,intangible assets and long-term equity investment,as well as the influence of investment business direction and investment region direction.On this basis,it analyzes the investment efficiency and investment performance of enterprises in the post-subsidy era,and concludes the existing problems of enterprises.Finally,some management Suggestions are put forward.Chapter five summarizes the whole thesis and draws relevant conclusions and implications.