The Signal Effect of New Energy Vehicles Promotion on Enterprise Innovation

Abstract

Entering the promotion catalogue is the basis for China’s new energy vehicle (NEV) enterprises to obtain promotion subsidies. Using a multistage difference-in-differences (DID) model with a sample of listed NEV enterprises in China from 2008 to 2017, this paper empirically analyzes the impact of entering the promotion catalogue on the innovation of NEV enterprises. The results indicate that entering the promotion catalogue can significantly promote innovation of NEV enterprises from the perspective of radical innovation, incremental innovation, and external technology introduction of NEV enterprises. In the mediation mechanism examination, this study finds that entering the promotion catalogue promotes innovation in NEV enterprises by increasing corporate profits and easing financing constraints. Based on the conclusions above, this paper recommends to strengthen core technology breakthrough of NEVs, cultivate market demand of NEVs industry, and improve subsidy supervision system of NEVs.

Big Data Model of Digital Employees of High-Tech Enterprises under the Background of Digital Transformation

“…As an important driving force for enterprises' digital transformation, the government must give full play to the "promising government" effect. Relying on ABCD technology to promote government digital management, establish a professional information consulting platform, technical guidance platform, etc., to achieve efficient, active, precise, and flexible government governance, formulate a digital governance system that matches the digital economy, and give full play to the market role of resource optimization and allocation in digital transformation, creating a good external ecological environment for digital transformation and improving the efficiency of government digital services [29][30][31][32][33]. Strengthen the construction of infrastructure, optimize the industrial structure, form a digital development strategy, actively introduce relevant policies to provide technical support for the digital transformation of enterprises, and provide targeted financial support for the transformation of enterprises, so as to alleviate the financial difficulties faced by enterprises.…”

Public Policy Modeling and Applications 2021

“…e effect is found to be constrained to a distance of 45 km from the HSRS. Ex-post enhancement of policy evaluation in an industry-government-innovation tripod is the theme of the paper by X. Wang and C. Jiang [15]. e authors advocate for Chinese subsidy for new energy vehicles (NEVs) claiming relevant spillovers for both industrial innovation [16] and sustainability gains.…”