Differential impact of subsidised and nonsubsidized policies on the innovation of new energy vehicle enterprises: evidence from China

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-03-01 DOI:10.1080/19761597.2022.2044871

Shufeng Qin, Yongqing Xiong

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引用次数: 6

Abstract

ABSTRACT There are many controversies about the actual effect of China’s new energy vehicle (NEV) industry policy in promoting the innovation of NEV enterprises. This study classifies China’s NEV industry policies into two categories, subsidised policy and nonsubsidized policy, and divides the innovation behaviour of NEV enterprises into high- and low-quality innovation. We selected the data from 2010 to 2019 to analyze the impacts of the abovementioned policies on the two innovations, the differences during the various development stages of the industry, and the moderating effect of the political connections of NEV enterprises. The results demonstrated that the promoting effect of subsidised policy on innovation increased at first and then decreased, and the policy is more likely to cause enterprises to prefer low-quality innovation. The promoting effect of nonsubsidized policy on innovation gradually increases, and the policy has a greater impact on high-quality innovation. Further analysis revealed that the political connections positively moderate the influence of subsidised policy on low-quality innovation, but negatively moderate the influence of nonsubsidized policy on high-quality innovation.

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补贴政策与非补贴政策对新能源汽车企业创新的差异影响——来自中国的证据

中国新能源汽车产业政策在推动新能源汽车企业创新方面的实际效果存在诸多争议。本研究将中国新能源汽车产业政策分为补贴政策和非补贴政策两类，并将新能源汽车企业的创新行为分为高质量创新和低质量创新。我们选取2010 - 2019年的数据，分析上述政策对两项创新的影响、行业不同发展阶段的差异以及新能源汽车企业政治关系的调节作用。研究结果表明:补贴政策对创新的促进作用先增大后减小，政策更容易导致企业偏好低质量的创新;非补贴政策对创新的促进作用逐渐增强，政策对高质量创新的影响更大。进一步分析发现，政治关系正向调节补贴政策对低质量创新的影响，而负向调节非补贴政策对高质量创新的影响。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

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.