2020
DOI: 10.3390/su12031105
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The Impact of Purchase Subsidy on Enterprises’ R&D Efforts: Evidence from China’s New Energy Vehicle Industry

Abstract: 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 gov… Show more

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Cited by 16 publications
(12 citation statements)
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“…In Table 6, the results of PV enterprises without state-owned shares are shown in column (9), and the results of PV enterprises with state-owned shares are shown in column (10). e results indicate that the coefficients of RDSub and NRDSub are both positively significant in column ( 9), but both are insignificant in column (10). is implies that given a certain amount of GSs, PV enterprises without stateowned shares are more willing to carry out R&D activities.…”
Section: Heterogeneity Analysismentioning
confidence: 96%
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“…In Table 6, the results of PV enterprises without state-owned shares are shown in column (9), and the results of PV enterprises with state-owned shares are shown in column (10). e results indicate that the coefficients of RDSub and NRDSub are both positively significant in column ( 9), but both are insignificant in column (10). is implies that given a certain amount of GSs, PV enterprises without stateowned shares are more willing to carry out R&D activities.…”
Section: Heterogeneity Analysismentioning
confidence: 96%
“…In China, the state-owned shares may influence enterprises' willingness to input in innovation activities [45,46]. In Table 6, the results of PV enterprises without state-owned shares are shown in column (9), and the results of PV enterprises with state-owned shares are shown in column (10). e results indicate that the coefficients of RDSub and NRDSub are both positively significant in column ( 9), but both are insignificant in column (10).…”
Section: Heterogeneity Analysismentioning
confidence: 99%
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“…ese results may be achieved through two paths formed by corporate profit and financing constraints. Corporate profit (Profit) is an important indicator of profitability, which may provide favorable material conditions for the innovative behavior of NEV enterprises [27]. is study expresses corporate profit in terms of net profit.…”
Section: Intermediate Variablesmentioning
confidence: 99%
“…At the same time, they have attracted a significant amount of attention from governments and many automobile manufacturers. [5]- [9] The automatic charging of electric vehicles has developed rapidly along with the maturity of autonomous driving and automatic parking technologies [10]. At present, the use of robot plugging is the main solution for carrying out automatic charging of electric vehicles.…”
Section: Introductionmentioning
confidence: 99%