The Impact Study On The Government Subsidies To New Energy Industry Development Capacity

Facing the contradiction of the traditional energy supply and demand highlights and climate environment deterioration caused harmful consequences, people gradually turn into the new economical and environmental resources, to reduce excessive dependence on traditional energy sources. After the financial crisis, the new energy industry a huge resource potential and environmental protection and energy saving characteristics is to become an emerging industry of developed country out of the crisis. At present, pay attention to the new energy development is no longer a major issue in developed countries, developing countries also begins to pay up. In China, the new energy industry, though started late, but the state has always attached great importance to. In the "eleven five" period to establish the development strategy of the construction of a resource-saving, environment-friendly "two type" society,"Twelfth Five Year Plan" once again on the new energy development and make new planning, indicates the direction for the development of the new energy industry, the development of new energy, the Chinese achieve sustainable development is of great strategic significance. In recent years, our government subsidies do in optimization and upgrading of the optimal allocation of resources, adjustment of industrial structure and the industrial chain of these played a role, the government subsidies on new energy development has been widespread concern in society. Countries on the strength and scope of a new energy industry investment funds are increasing, but the country each year through a large number of government subsidy funds investment really can get to improve the operating performance of new energy listing Corporation, is conducive to long-term development of the listing Corporation, has become a hot issue at this stage of the circles of theory and practice.This research is based on the domestic and international related theories and the existing government subsidies, starting from the basic theory, related concepts of government subsidies and listing Corporation development capability is defined, using the method of descriptive statistics analysis the current situation of the development of new energy industry in china. Secondly, summarized the various factors affecting development of new energy industry of China’s listing Corporation. This paper uses the method of combining standardized research and empirical research on government subsidies for new energy industry development were analyzed. In the theoretical part uses the standard research method to explain the factors affecting the relevant theories of government subsidies and new energy industry development ability, and the use of descriptive statistics analysis of the current situation of development of new energy industry in china. The empirical part, through descriptive statistics and Logistic regression analysis, put forward the related hypotheses on government subsidies, the key indicators of development of new energy industry were tested.This paper constructs the model by using the statistical software of SPSS19.0, regression analysis, the empirical results:development of government subsidies and the company’s current positive correlation, but the correlation is not significant; the government subsidies on enterprise development capabilities significantly later, but also in profitable enterprises in this phenomenon is more obvious, is not prominent in profitability poor enterprise. According to the results of empirical research, the paper puts forward the following suggestions:first, the government should change the original concept, follow the effective capital market rules, allow the market to optimize the allocation of social resources; second, the new energy listing Corporation should actively explore the market, to improve their own competitiveness and not dependent on government subsidies; third, the social intermediary organizations to carry out supervision, the establishment of government subsidy efficiency evaluation system at the same time to increase government subsidies disclosure; fourth, the government subsidies should focus on its performance is better in those enterprises, the effect is more obvious.The innovation of this paper are as follows: firstly, a unique research perspective. The domestic scholars on the study of government subsidies most is selecting agricultural listing Corporation as samples, this article from the new energy industry in this emerging industry of the listing Corporation, as a sample, to investigate the effect of government grants to the listing Corporation development capacity in the industry, is a new starting point.Secondly, research content innovation. The government subsidies on domestic and foreign scholars have effect on corporate performance, impact studies mainly focus on the profitability and solvency, and less involved in research aimed at developing ability. Profitability and solvency is mainly to evaluate the short-term performance of the enterprise, development ability is focusing on enterprise long-term performance evaluation. An enterprise or an industry want to survive in the long term development, must pay attention to the development of enterprise ability.Thirdly, the innovation of the research method. Domestic scholars in the study of government subsidy effect on corporate financial performance, use is the overall listing Corporation or an industry all the listing Corporation as a research object, classification of research is not operating the ability of their own enterprises. In the empirical part of this paper on the new energy industry listing Corporation all samples to profit ability as the basic criterion for classification, the difference between different degree of enterprise development ability of government subsidies and performance of research, is a new method of classification.