The Influences of Government Subsidies on Performance of New Energy Firms: A Firm Heterogeneity Perspective

Liu, Manzhi; Liu, Liyuan; Xu, Shichun; Du, Mingliang; Liu, Xianxian; Zhang, Yanqin

doi:10.3390/su11174518

Cited by 34 publications

(22 citation statements)

References 31 publications

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“…There is a lack of comprehensive analysis of the relationship between subsidy policy, green innovation, and emission reduction. In addition, when the same subsidy policy is implemented in different cities or regions, different degrees of spatial heterogeneity will inevitably appear [45]. However, the existing research pays little attention to the heterogeneity of subsidy policy effects caused by factors such as geographical location, government and market relations, and the development level of the private economy.…”

Section: Introductionmentioning

confidence: 99%

Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy

2021

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Whether the new energy vehicle pilot policy (NEVPP) can achieve green innovation and emission reduction is an important exploration for China to achieve green and sustainable development. This research aims to empirically investigate the impact, impact mechanism, and heterogeneity characteristics of the NEVPP on urban green innovation and emission reduction based on panel data from 281 cities in China from 2004 to 2017, using difference-in-differences (DID) methods and fixed effect (FE) models. The results show that the NEVPP significantly reduces the carbon dioxide emissions of the pilot cities but significantly inhibits the green innovation, and the results are robust to the placebo test, propensity score matching DID (PSM-DID) test, instrumental variable (IV) estimation, emissions trading system (ETS), and Carbon-ETS interference test, and change of the dependent variable. In addition, further studies have shown that the NEVPP’s emission reduction effects are mainly achieved by reducing energy consumption, promoting technological innovation, and adjusting industrial structure. Moreover, we found that the NEVPP performed better in the regions where the level of economic development is high, the local government has a good relationship with the market, and the level of non-state economic development is high. In general, our research results show that the NEVPP has achieved innovation and emission reduction policy effects in China, but it is also accompanied by an inhibitory effect on green technological innovation.

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Section: Introductionmentioning

confidence: 99%

Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy

2021

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“…This implies that the government policy sets the mannerism on appropriate problem addressing by either encouraging or discouraging certain actions to attain the goal intended. Liu et al (2019) related the government supports to the selected energy firms' performance in China. Government subsidies proved to have a constructive financial performance effect on private enterprises than they do on public enterprises.…”

Section: Theoretical and Empirical Reviewmentioning

confidence: 99%

“…The study suggested that government should correct the subsidy policy for sustainable energy enterprises performance. Mainali (2012) revealed many factors which affect sales of solar mini-grids in Nepal but, Liu et al (2019) observed that the government policy of subsidies was highly emphasized.…”

Section: Theoretical and Empirical Reviewmentioning

confidence: 99%

Factors affecting sales of international solar mini-grids in Tanzania mainland

Teikwa

Magasi

2022

IJRBS

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The research purpose was to investigate factors that affect Sales of International Solar Mini-Grids in Tanzania Mainland. The motivation for the study was because there was evidence of a decline in sales of International Solar Mini-Grids in Mwanza, Dar es Salaam, and Arusha regions. The study used a sample size of 70 respondents, a cross-section survey, primary data, and secondary data. The study used the mixed methods research design. Multiple linear regression was employed in quantitative data analysis with the aid of SPSS. Thematic analysis was conducted to derive themes from the qualitative data and information obtained was utilized to supplement the quantitative data. The study revealed that government policies, more specifically energy policy, significantly affect sales of International Solar Mini-Grids in Tanzania Mainland. In addition, the regulatory framework, particularly tariff, significantly affects sales of International Solar Mini-Grids. Also, customers’ purchasing tendencies were significantly affecting the sales of International Solar Mini-Grids. The findings imply that ignoring the factors affecting sales of International Solar Mini-Grids in Tanzania Mainland might worsen the power sector and solar Mini-Grids sustainability. This work recommends that to foster the sales of International Solar Mini-Grids, the government should have a suitable energy policy and regulatory framework geared to enhance the marketability of electricity and enhance customer purchase. The study contributes to knowledge by offering empirical evidence on renewable energy that will be of paramount importance to other renewable energy stakeholders.

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“…Songling et al [50] studied the influences of government policies on firm performance, and government policies are separated into two types: financial and non-financial. In addition, there are studies on the relationship of various government policies such as subsidies [51] and R&D support [52] to firms' performance.…”

Section: Background and Theorymentioning

confidence: 99%

What Types of Government Support on Food SMEs Improve Innovation Performance?

et al. 2021

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Since small and medium enterprises (SMEs) play an important role in economic development, the government implements various supports. Nevertheless, SMEs have difficulties in gaining a competitive advantage in the market owing to lack of capital and capacity. Accordingly, SMEs try to secure a competitive advantage through innovation. Government support is necessary for the innovation of SMEs, and it is essential for food SMEs as well. Whether government support for firms can affect firm’s innovation is still a matter of debate. In particular, it is necessary to empirically investigate the relationship between government support and innovation for SMEs in latecomers to the food industry such as Korea. Therefore, this study conducted an empirical study on the factors that determine the innovation performance of food SMEs by government support. This study used a two-stage regression model. The government support does not unilaterally affect innovation performance, but rather, an endogeneity problem occurs through the interaction between them. This study examined the interrelationships between variables for a clear estimate of government support. Before two-stage regression, this study used the ordered logistic regression to determine the instrumental variables. Each instrumental variable was estimated for the seven types of government support that are normally implemented. The result suggests that the government certification support is effective in improving the innovation performance of food SMEs. This study is useful to establish innovation strategies for supporting food SMEs’ innovation in late-coming countries.

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The Influences of Government Subsidies on Performance of New Energy Firms: A Firm Heterogeneity Perspective

Cited by 34 publications

References 31 publications

Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy

Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy

Factors affecting sales of international solar mini-grids in Tanzania mainland

What Types of Government Support on Food SMEs Improve Innovation Performance?

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