气候变化领域集成服务门户(CCPortal): The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation

CCPortal

DOI	10.1016/j.enpol.2020.111463
	The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation
	Yu F.; Wang L.; Li X.
发表日期	2020
ISSN	03014215
卷号	141
英文摘要	In this study, subsidies are classified into government subsidies beforehand (GSB) and government subsidies afterwards (GSA). We examine the impacts of GSB and GSA on the financial performance of Chinese enterprises of New Energy Vehicle (NEV). Analyzing a dataset of Chinese NEV firms' financial performance from 2013 to 2017 with panel regression models, we demonstrate that the two forms of government subsidies have different impacts on New Energy Vehicle enterprises' performance. Specifically, we find a positive U-shaped relationship between GSB and financial performance and an inverted one between GSA and financial performance. We further investigate the moderating role of intelligent transformation in the relationships between government subsidies and NEV enterprises’ performance. Our empirical analysis suggests that intelligent transformation can improve the efficiency of GSA and weaken the negative effects of excessive GSA. These results highlight the importance of intelligent transformation for NEV enterprises, providing policy makers with new insights into NEV subsidy policies. © 2020 Elsevier Ltd
关键词	Financial performance Government subsidies Intelligent transformation New energy vehicle
英文关键词	Electric vehicles; Finance; Regression analysis; Chinese enterprise; Empirical analysis; Financial performance; Government subsidies; Intelligent transformations; New energy vehicles; Policy makers; Regression model; Vehicle performance; artificial intelligence; electric vehicle; financial system; industrial performance; regression analysis; subsidy system; China
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204945
作者单位	Business School of Hohai University, #8 West Focheng Road, Jiangning District, Nanjing, China
推荐引用方式 GB/T 7714	Yu F.,Wang L.,Li X.. The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation[J],2020,141.
APA	Yu F.,Wang L.,&Li X..(2020).The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation.Energy Policy,141.
MLA	Yu F.,et al."The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation".Energy Policy 141(2020).