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Government Subsidies, R&D Investment and Financial Performance of New Energy Vehicles Enterprises

Received: Nov. 04, 2019    Accepted:     Published: Dec. 09, 2019
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Abstract

Government subsidies and R&D investment are important factors that affect the financial performance of enterprises. Based on 51 new energy vehicles listed companies during 2014-2018 as the object, using intermediary effect model, this paper discusses the impact of government subsidies on the financial performance of enterprises. The study found that the government subsidies to promote the financial performance of the new energy vehicles enterprise. In addition, enterprise R&D investment plays a part of intermediary role in the process that government subsidies affect the financial performance of enterprises of new energy vehicles, but government subsidies lead to the decline of enterprise financial performance after the increase of enterprise R&D investment. The research of this paper opens up a new perspective on how government subsidies can encourage enterprises to improve their performance. R&d investment is the source power of enterprise development. And the new energy vehicle enterprises need to pay attention to the direction of internal government subsidies, establish and perfect the relevant supervision and management mechanism, so as to promote the innovation and development of new energy vehicle enterprises and enhance the key ability of their competition.

DOI 10.11648/j.si.20190705.11
Published in Science Innovation ( Volume 7, Issue 5, October 2019 )
Page(s) 137-142
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

Keywords

Government Subsidies, R&D Investment, Financial Performance, Mediating Effect

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  • APA Style

    Xu Haifeng, Wang Linxia. (2019). Government Subsidies, R&D Investment and Financial Performance of New Energy Vehicles Enterprises. Science Innovation, 7(5), 137-142. https://doi.org/10.11648/j.si.20190705.11

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    ACS Style

    Xu Haifeng; Wang Linxia. Government Subsidies, R&D Investment and Financial Performance of New Energy Vehicles Enterprises. Sci. Innov. 2019, 7(5), 137-142. doi: 10.11648/j.si.20190705.11

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    AMA Style

    Xu Haifeng, Wang Linxia. Government Subsidies, R&D Investment and Financial Performance of New Energy Vehicles Enterprises. Sci Innov. 2019;7(5):137-142. doi: 10.11648/j.si.20190705.11

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  • @article{10.11648/j.si.20190705.11,
      author = {Xu Haifeng and Wang Linxia},
      title = {Government Subsidies, R&D Investment and Financial Performance of New Energy Vehicles Enterprises},
      journal = {Science Innovation},
      volume = {7},
      number = {5},
      pages = {137-142},
      doi = {10.11648/j.si.20190705.11},
      url = {https://doi.org/10.11648/j.si.20190705.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.si.20190705.11},
      abstract = {Government subsidies and R&D investment are important factors that affect the financial performance of enterprises. Based on 51 new energy vehicles listed companies during 2014-2018 as the object, using intermediary effect model,  this paper discusses the impact of government subsidies on the financial performance of enterprises. The study found that the government subsidies to promote the financial performance of the new energy vehicles enterprise. In addition, enterprise R&D investment plays a part of intermediary role in the process that government subsidies affect the financial performance of enterprises of new energy vehicles, but government subsidies lead to the decline of enterprise financial performance after the increase of enterprise R&D investment. The research of this paper opens up a new perspective on how government subsidies can encourage enterprises to improve their performance. R&d investment is the source power of enterprise development. And the new energy vehicle enterprises need to pay attention to the direction of internal government subsidies, establish and perfect the relevant supervision and management mechanism, so as to promote the innovation and development of new energy vehicle enterprises and enhance the key ability of their competition.},
     year = {2019}
    }
    

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  • TY  - JOUR
    T1  - Government Subsidies, R&D Investment and Financial Performance of New Energy Vehicles Enterprises
    AU  - Xu Haifeng
    AU  - Wang Linxia
    Y1  - 2019/12/09
    PY  - 2019
    N1  - https://doi.org/10.11648/j.si.20190705.11
    DO  - 10.11648/j.si.20190705.11
    T2  - Science Innovation
    JF  - Science Innovation
    JO  - Science Innovation
    SP  - 137
    EP  - 142
    PB  - Science Publishing Group
    SN  - 2328-787X
    UR  - https://doi.org/10.11648/j.si.20190705.11
    AB  - Government subsidies and R&D investment are important factors that affect the financial performance of enterprises. Based on 51 new energy vehicles listed companies during 2014-2018 as the object, using intermediary effect model,  this paper discusses the impact of government subsidies on the financial performance of enterprises. The study found that the government subsidies to promote the financial performance of the new energy vehicles enterprise. In addition, enterprise R&D investment plays a part of intermediary role in the process that government subsidies affect the financial performance of enterprises of new energy vehicles, but government subsidies lead to the decline of enterprise financial performance after the increase of enterprise R&D investment. The research of this paper opens up a new perspective on how government subsidies can encourage enterprises to improve their performance. R&d investment is the source power of enterprise development. And the new energy vehicle enterprises need to pay attention to the direction of internal government subsidies, establish and perfect the relevant supervision and management mechanism, so as to promote the innovation and development of new energy vehicle enterprises and enhance the key ability of their competition.
    VL  - 7
    IS  - 5
    ER  - 

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Author Information
  • School of Economics and Management, Dalian University, Dalian, China

  • School of Economics and Management, Dalian University, Dalian, China

  • Section