Exploring the impact of government subsidy and R&amp;D investment on financial competitiveness of China’s new energy listed companies: An empirical study

Zhu, Zhihong; Zhu, Zhiwei; Ping, Xu; Xue, Dawei

doi:10.1016/j.egyr.2019.07.013

Cited by 53 publications

(37 citation statements)

References 17 publications

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“…Further, a sample size of 86 firms limits generalization from our results. Third, although GI is closely linked to a firm's overall R&D investment and although R&D investment is widely accepted in environmental management research (e.g., Alam et al, 2019; Lee & Min, 2015; Zhu, Zhu, Xu, & Xue, 2019), future studies should use the more precise measure of green R&D investment (which is related directly to GI). Finally, future studies should analyse other factors to complement our analysis of moderation by EMS and R&D investment.…”

Section: Discussion Limitations and Future Studiesmentioning

confidence: 99%

Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment

et al. 2020

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The purpose of this study is to explore the relationship between green innovation (GI) and financial performance (FP) in emerging markets multinationals from Latin America (Multilatinas). Aligned with the natural resource-based view and institutional theory, and using moderated and hierarchical linear regression analyses with panel data from 86 listed firms during the period 2013-2017, we find that implementing effective GIs is not associated with greater FP. The paper also analyses the moderating effect of Environmental Management Systems (ISO 14001) and research and development (R&D) investment on the relationship between GI and FP. We find that Multilatinas' implementation of ISO 14001 does not affect the way they adopt GI and thus does not enhance their levels of FP, but a positive moderating effect is generated as companies increase their level of R&D investment. The paper expands knowledge of the way GI affects Multilatinas' FP, and these findings have policy implications for managers, policy makers, government and other institutions.

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Section: Discussion Limitations and Future Studiesmentioning

confidence: 99%

Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment

et al. 2020

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“…Palei (2015), Kim, Wu, and Lin (2018), and Zhu, Zhu, Xu, and Xue (2019) seek to define and address vital infrastructure considerations that decide national productivity, which in effect favorably affect overall industrial energy policy outcomes. The authors found that the degree of institutional growth and the other seven variables, including technology, affects national competitiveness.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of global competitiveness on the growth of bioenergy industry in EU‐28 region

Alsaleh

Zubair

Abdul‐Rahim

2020

Sustainable Development

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This study investigates the effect of global competitiveness determinants on the growth of the bioenergy industry in the European Union (EU-28) region from 1990-2018. Applying the panel fixed effect model, the results revealed that the bioenergy industry grows with an increase in the global competitiveness index. While human capital, innovation ecosystem, markets, enabling environment, and gross domestic product found to be increasing the growth. The finding implies that the growth of the bioenergy industry in EU-28 developed countries can be effectively strengthened by improving the quality of human capital and enabling environment. Also, the result implies that the growth of the bioenergy industry in EU-28 developing countries can effectively improve by increasing the quality innovations system and markets. These will eventually contribute to tackling global warming and environmental pollution. The estimated results are considered robust as validated by panel random effect and pooled Ordinary Least Squares estimators. The study recommends for EU-28 countries to increase the efficiency of global competitiveness indicators to achieve social and environmental objectives. Policymakers should also invest more in global competitiveness factors to increase the supply and accessibility of bioenergy output. The authorities of these countries can equally emphasize on efficiency and sustainability of global competitiveness decomposition to achieve energy security and reduce dependency on fossil fuel.

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“…Here, R&D it is the independent variable. R&D it denotes R&D efforts of NEV enterprises, and is measured by the ratio of total R&D investment to the total asset [30]. "du × dt" is the treatment variable.…”

Section: Model Specification and Datamentioning

confidence: 99%

The Impact of Purchase Subsidy on Enterprises’ R&D Efforts: Evidence from China’s New Energy Vehicle Industry

et al. 2020

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Purchase subsidy has been adopted to accelerate the diffusion of New Energy Vehicles (NEVs) in China. With a Multi-stage Difference-in-Differences (DID) method, this research investigates the impact of purchase subsidy on Research and Development (R&D) efforts of NEV enterprises. The results indicate that purchase subsidy for NEVs has a positive and significant impact on R&D efforts of NEV enterprises. The impact increases when the purchase subsidy rate decreases. When considering the influences of government procurement and exemption on purchase tax, the positive impact of purchase subsidy still remains significant. The policy implications are that the purchase subsidy rate should be reduced, and stricter technological requirements should be set to couple with the purchase subsidy.

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Exploring the impact of government subsidy and R&D investment on financial competitiveness of China’s new energy listed companies: An empirical study

Cited by 53 publications

References 17 publications

Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment

Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment

The impact of global competitiveness on the growth of bioenergy industry in EU‐28 region

The Impact of Purchase Subsidy on Enterprises’ R&D Efforts: Evidence from China’s New Energy Vehicle Industry

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