Chao Zhang, Jun Wang, Shu Hu, Yong Wu, Weidong Zhu
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引用次数: 0
Abstract
The high-quality development of new energy enterprises is of great significance to promote carbon peak and carbon neutrality and cope with the global warming crisis. However, with the increasing intensity of market competition and the appropriate weakening of the expected future subsidies, how to improve their performance through the fulfillment of the social responsibility of stakeholders has become a key scientific problem to be solved. Given the features of the new energy industry, including substantial initial investment, formidable technical barriers, and a pronounced reliance on policy support, this paper takes 182 new energy concept enterprises listed in China's A-shares in 2011–2020 as the research object. Employing qualitative comparative analysis, we extract four key rules for achieving high performance in new energy enterprises from the perspective of value co-creation of core stakeholders, including capital stakeholders (shareholders and creditors), technical stakeholders (employees), policy stakeholders (government and society), and upstream and downstream stakeholders (suppliers and customers). Then, we explore the performance improvement rules of typical cases. Our findings reveal that within the realm of new energy enterprises, capital-intensive enterprises with cost leadership and tax incentives, energy-manufacturing enterprises with suppliers dependence and saving environmental input, technology-innovation enterprises with cost leadership and talents dependence, and comprehensive-mature enterprises with suppliers dependence and tax incentives are more likely to achieve high performance. The findings can better guide management practice and promote the high-quality development of new energy enterprises.
期刊介绍:
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.