At present, China is actively changing the original energy consumption structure, reducing the use of traditional fossil energy and vigorously promoting the green development of new energy. To stimulate technological innovation and promote economic growth is the direction and principle of the current industrial policy, and to increase the investment of R&D funds and enhance the independent innovation ability is the way to accelerate the construction of China's core competitive strength, so it is necessary to scientifically assess the impact of government R&D subsidies on the innovation performance of enterprises. The government's investment of R&D funds also plays an important role in the new energy industry, which is characterized by technological innovation, government R&D funding also plays an important role in the new energy industry characterized by technological innovation. In this paper, we select the panel data of listed companies in the new energy industry from 2006 to 2020 as the research object to empirically analyze the relationship between government R&D subsidies and corporate innovation performance. Based on the results of benchmark regression in this paper, the overall results show that government R&D subsidies are conducive to the improvement of corporate innovation performance in the new energy industry. This study aims to explore the effect of government R&D subsidies on enterprise innovation performance and put forward feasible suggestions to understand the role of government subsidies in the process of enterprise R&D and innovation activities from a deeper perspective.
| Published in | Economics (Volume 13, Issue 1) |
| DOI | 10.11648/j.eco.20241301.13 |
| Page(s) | 22-31 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Government R&D Subsidies, Corporate Innovation Performance, New Energy Industry
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APA Style
Wenyi, D. (2024). Government R&D Subsidies and Firms' Innovation Performance: Empirical Evidence Based on Listed Companies in the New Energy Industry. Economics, 13(1), 22-31. https://doi.org/10.11648/j.eco.20241301.13
ACS Style
Wenyi, D. Government R&D Subsidies and Firms' Innovation Performance: Empirical Evidence Based on Listed Companies in the New Energy Industry. Economics. 2024, 13(1), 22-31. doi: 10.11648/j.eco.20241301.13
AMA Style
Wenyi D. Government R&D Subsidies and Firms' Innovation Performance: Empirical Evidence Based on Listed Companies in the New Energy Industry. Economics. 2024;13(1):22-31. doi: 10.11648/j.eco.20241301.13
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Download@article{10.11648/j.eco.20241301.13,
author = {Deng Wenyi},
title = {Government R&D Subsidies and Firms' Innovation Performance: Empirical Evidence Based on Listed Companies in the New Energy Industry},
journal = {Economics},
volume = {13},
number = {1},
pages = {22-31},
doi = {10.11648/j.eco.20241301.13},
url = {https://doi.org/10.11648/j.eco.20241301.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20241301.13},
abstract = {At present, China is actively changing the original energy consumption structure, reducing the use of traditional fossil energy and vigorously promoting the green development of new energy. To stimulate technological innovation and promote economic growth is the direction and principle of the current industrial policy, and to increase the investment of R&D funds and enhance the independent innovation ability is the way to accelerate the construction of China's core competitive strength, so it is necessary to scientifically assess the impact of government R&D subsidies on the innovation performance of enterprises. The government's investment of R&D funds also plays an important role in the new energy industry, which is characterized by technological innovation, government R&D funding also plays an important role in the new energy industry characterized by technological innovation. In this paper, we select the panel data of listed companies in the new energy industry from 2006 to 2020 as the research object to empirically analyze the relationship between government R&D subsidies and corporate innovation performance. Based on the results of benchmark regression in this paper, the overall results show that government R&D subsidies are conducive to the improvement of corporate innovation performance in the new energy industry. This study aims to explore the effect of government R&D subsidies on enterprise innovation performance and put forward feasible suggestions to understand the role of government subsidies in the process of enterprise R&D and innovation activities from a deeper perspective.
},
year = {2024}
}
TY - JOUR T1 - Government R&D Subsidies and Firms' Innovation Performance: Empirical Evidence Based on Listed Companies in the New Energy Industry AU - Deng Wenyi Y1 - 2024/03/25 PY - 2024 N1 - https://doi.org/10.11648/j.eco.20241301.13 DO - 10.11648/j.eco.20241301.13 T2 - Economics JF - Economics JO - Economics SP - 22 EP - 31 PB - Science Publishing Group SN - 2376-6603 UR - https://doi.org/10.11648/j.eco.20241301.13 AB - At present, China is actively changing the original energy consumption structure, reducing the use of traditional fossil energy and vigorously promoting the green development of new energy. To stimulate technological innovation and promote economic growth is the direction and principle of the current industrial policy, and to increase the investment of R&D funds and enhance the independent innovation ability is the way to accelerate the construction of China's core competitive strength, so it is necessary to scientifically assess the impact of government R&D subsidies on the innovation performance of enterprises. The government's investment of R&D funds also plays an important role in the new energy industry, which is characterized by technological innovation, government R&D funding also plays an important role in the new energy industry characterized by technological innovation. In this paper, we select the panel data of listed companies in the new energy industry from 2006 to 2020 as the research object to empirically analyze the relationship between government R&D subsidies and corporate innovation performance. Based on the results of benchmark regression in this paper, the overall results show that government R&D subsidies are conducive to the improvement of corporate innovation performance in the new energy industry. This study aims to explore the effect of government R&D subsidies on enterprise innovation performance and put forward feasible suggestions to understand the role of government subsidies in the process of enterprise R&D and innovation activities from a deeper perspective. VL - 13 IS - 1 ER -
School of Accountancy, Hunan University of Technology and Business, Changsha, China
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