The Impact Of Government Subsidy On The Performance Of Listed PV Companies In China

Environmental issues and energy crisis have been overwhelmingly discussed in today' s world,especially with the rapid development of emerging economies and economic globalization.In particular,due to China's current haze problem is serious,the state for environmental issues increasingly attention.And photovoltaic power generation is its role in reducing pollution is very obvious and gradually to the strategic energy status.PV industry due to its industry specificity as the high cost of electricity generation,so the industry generally rely on government subsidies to maintain the sustainable development of PV industry.Therefore,both the total amount of subsidies or subsidies,the PV industry to accept the amount of government subsidies are in the forefront.So,what is the impact of government subsidies on the performance of photovoltaic enterprises,which is worthy of many scholars attention,but also the original intention of this study.This paper examines the relationship between the variables by dividing the government subsidy into three types of financial appropriations,financial incentives and tax subsidies to deepen the relationship between government subsidies and the performance of PV enterprises.According to the empirical results,the government subsidy is positively related to the performance of the PV enterprises.The financial appropriation,the financial reward and the tax subsidy are positively correlated with the performance of the PV enterprises.The financial incentive is more significant than the financial subsidy and the tax subsidy.Tax subsidies have a significant impact on PV companies lagging behind a performance.Therefore,based on the status quo of the government subsidy in the photovoltaic industry and the empirical results of the government subsidy effect,this paper pivots on the previous statements and propose three suggestions.First,the government subsidy must not only ensure that investors should profit and prevent blind entry;Second,the implementation of government subsidies must targeted,in order to promote enterprises to continuously improve their own competitiveness;third is to vigorously enhance the efficiency of government subsidy funds to enhance the timeliness of government subsidies.