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

Xu Haifeng; Wang Linxia

doi:doi:10.11648/j.si.20190705.11

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

Xu Haifeng, Wang Linxia

Published in Science Innovation (Volume 7, Issue 5)

Received: 4 November 2019 Published: 9 December 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.

Published in	Science Innovation (Volume 7, Issue 5)
DOI	10.11648/j.si.20190705.11
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), 2019. Published by Science Publishing Group

Keywords

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

References

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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://article.sciencepublishinggroup.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

Xu Haifeng

School of Economics and Management, Dalian University, Dalian, China
Wang Linxia

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

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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

Copy | Download

@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://article.sciencepublishinggroup.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}
}

Copy | Download

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  -

Copy | Download