The Impact Of Government Subsidies On The Performance Of New Energy Public Companies

As one of the most important ways for China to achieve the goals for peaking carbon dioxide emissions and carbon neutrality.the new energy industry is not only related to China’s future energy independence,but also plays an important role in the long-term sustainable development of China’s economy.The new energy industry is a capital-intensive and technology-intensive industry,and requires a large amount of capital and technical support during its development.As a strategic emerging industry,new energy construction projects have received a large amount of government policy and financial support.The Chinese government has successively issued a series of fiscal and financial policies,among which government subsidies are an important way for the government to guide the development of the market and new energy industry.This article takes new energy listed companies as the research object to study the impact of government subsidies on the performance of the new energy industry.This article sorts out government subsidies and research related to new energy companies,determines research directions and methods,and divides government subsidies into income-related government subsidies and asset-related government subsidies based on the analysis of the mechanism of government subsidies on new energy companies.Subsidies,to study the impact of different government subsidies on business performance.This paper uses the annual financial data of listed new energy companies from 2008 to 2019 and divides corporate performance into financial performance and non-financial performance(Corporate Social Performance)from the perspective of government purposes,and separately studies the effects of government subsidies on corporate growth.This article analyzes the impact on R&D investment,the impact on government revenue,and the impact on employment,and put forward relevant policy recommendations.The research results show that:government subsidies related to income and government subsidies related to assets can have a positive impact on the long-term growth of the company,and in terms of social performance,it can increase the company’s R&D investment and the number of employees,but it cannot increase the government’s fiscal revenue.