Research On The Impact Of Industry-Finance Integration And Managerial Capabilities On The Inefficient Investment Of New Energy Listed Companies

Vigorously developing new energies,advancing the energy transition and building a scientific,sensible,environmentally friendly and low-carbon energy system are major breakthroughs in my country’s energy development in the new era,and it is also the new strategic framework for energy security proposed by becomes General Secretary Xi of "Four Revolutions,One Cooperation" Basic Requirements.Improving the investment efficiency of new energy companies plays a very important role in promoting the healthy development of new energy companies.In actual production and operation,some companies take advantage of the combination of industry and finance to increase their ability to obtain funding from corporate loans.However,this approach also entails certain operational and financial risks for the company.At the same time,the company’s investment efficiency is also influenced by the skills of the manager.As a new industry,it is not yet known whether the current development situation is suitable for the integration of industry and finance.In particular,when new energy companies take on the integration of industry and finance,what impact will this have on the inefficient investment of industrial companies and what role managers will play in it.Role,these issues are worth further analysis.This article first determines the research ideas and research methods by combing relevant domestic and foreign literature and on this basis summarizes related concepts and theoretical foundations and summarizes the conceptual model and related research hypotheses of this article on a theoretical basis Relationship established between the variables.The annual data of the listed companies in the A-share sector for new energy on the stock exchanges in Shanghai and Shenzhen in my country from 2015 onwards were used.Until 2019,the data was sorted as a research sample with Excel2019 and SPSS22.0 was used.Descriptive statistics,correlation analysis,regression analysis,etc.,combined with statistical results,performed an in-depth analysis of the hypothetical relationship between variables.Finally the reliability of the research results proved by robustness tests.The research on this paper confirms that there is a significant positive correlation between sector finance integration and inefficient investments by public companies in the emerging energy economy in my country.Industry finance integration will encourage underinvestment or overinvestment by companies.Companies of horizontal managers,the integration of industry and finance has less of an impact on inefficient investments,that is,it can reduce the inefficient investments of companies that integrate industry and finance.The conclusions of this article have some reference significance for improving the investment efficiency of listed companies in the new energy industry of my country and some enlightenment for the formulation of relevant policies in the new energy industry of my country.