IDEAS home Printed from https://ideas.repec.org/a/hin/complx/9920740.html
   My bibliography  Save this article

The Signal Effect of New Energy Vehicles Promotion on Enterprise Innovation

Author

Listed:
  • Xinyu Wang
  • Cailou Jiang
  • Bernardo A. Furtado

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.

Suggested Citation

  • Xinyu Wang & Cailou Jiang & Bernardo A. Furtado, 2021. "The Signal Effect of New Energy Vehicles Promotion on Enterprise Innovation," Complexity, Hindawi, vol. 2021, pages 1-10, June.
    • Handle: RePEc:hin:complx:9920740
    DOI: 10.1155/2021/9920740
    as

    Download full text from publisher

    File URL: http://downloads.hindawi.com/journals/complexity/2021/9920740.pdf
    Download Restriction: no
    File URL: http://downloads.hindawi.com/journals/complexity/2021/9920740.xml
    Download Restriction: no
    File URL: https://libkey.io/10.1155/2021/9920740?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jing Deng & Yun Zhang & Xiaoyun Xing & Cheng Liu, 2022. "Can Carbon Neutrality Commitment Contribute to the Sustainable Development of China’s New Energy Companies?," Sustainability, MDPI, vol. 14(18), pages 1-20, September.
    2. Qin, Shufeng & Xiong, Yongqing, 2022. "Innovation strategies of Chinese new energy vehicle enterprises under the influence of non-financial policies: Effects, mechanisms and implications," Energy Policy, Elsevier, vol. 164(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hin:complx:9920740. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mohamed Abdelhakeem (email available below). General contact details of provider: https://www.hindawi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.