Research On Government Subsidy And Enterprise Performance Of New Energy Automobile Industry

Transportation travel has always been an important part of people’s livelihood.Cars,buses and other modern means of travel have become essential items.However,the means of transportation that people are accustomed to is also facing a lot of challenges.On the one hand,the traditional fuel is encountering a resource crisis,so the governments of all countries with foresight are looking for a new way out of energy;on the other hand,due to the frequent occurrence of extreme climate and global warming,people are more and more concerned about environmental issues,how to find alternative clean new energy and achieve the sustainable development of resources has become an urgent task.Therefore,with the support and promotion of the state,the research and development of technology and the exploration of market,the new energy automobile industry came into being.The domestic auto market is developing rapidly with great prospects,not only domestically produced traditional fuel vehicles have begun to seize a large number of markets,but also relatively cheaper new energy vehicles have gained a place.With the strong support of the state and more and more people’s awareness of environmental protection,the future of new energy vehicles is booming.However,the R&D investment in the new energy auto industry is huge,the development of new energy which is most important is still in the exploration stage,power supply devices such as charging piles cannot be popularized on a large scale,energy storage devices such as batteries have loss and potential safety hazards.All in all,there are many technical problems to be solved in the new energy automobile industry.In addition,the performance of new energy vehicles has no more advantages than that of fuel vehicles,and most customers still favor traditional vehicles,which leads to the low profit of new energy vehicle industry,so the new energy vehicle industry relies heavily on government subsidies.However,the government subsidy is not sustainable,and the era of no subsidy for new energy automobile industry is imminent.In the face of this crisis,the industry needs to have a better understanding of the impact of government subsidies.This paper first introduces the concepts and the theoretical knowledge related to government subsidies and corporate performance,such as the way government subsidies,indicators of corporate performance,literature research on the relationship between government subsidies and firm performance.And secondly,this paper establishes research hypotheses,and collects the relevant data of Listed Companies in the new energy automobile industry,uses the factor analysis method to calculate the comprehensive performance of listed companies,and then combines with other variables to build the least square linear regression model,and tests and analyzes the model’s results and stability.Finally,this paper makes suggestions and prospects for the development of the new energy vehicle industry based on the research results.Through empirical researched,this paper finally proves the three hypotheses,and confirms that there is a positive correlation between government subsidies and corporate performance in the new energy automobile industry.This paper further analyzes the influence of political connection on the relationship between government subsidies and enterprise performance,and draws the conclusion that there is a positive correlation between government subsidies and enterprise performance of political connected enterprises,and government subsidies of politically unrelated enterprises are not related to enterprise performance.At the same time,it also verifies the positive correlation between the profit oriented government subsidy and the enterprise performance in the new energy automobile industry,while the asset oriented government subsidy is not related to the enterprise performance.There are two innovations in this paper.First,this paper focuses on the study of the relationship between government subsidies and enterprise performance in the new energy automobile industry,which is not only a new exploration of the new energy automobile industry,but also a new perspective of the relationship between government subsidies and enterprise performance.Secondly,this paper uses factor analysis method to calculate the comprehensive performance of enterprises.It is also an innovation to select multiple indicators to obtain comprehensive data,which provides a new way of thinking and method for the research of this paper.