Research On The New Energy Vehicles Policy’s Influence On Enterprise’s Financial Performance

With rapid development of automobile industry of China,it has the largest automobile production and sales.But automobile industry of China isn’t the most competitive one in the world.The new energy vehicles are the future development trend of the automotive industry.In order to ensure the sound rapid development of new energy vehicle enterprises,the government of China has implement a series of policy.This thesis mainly studies the influences of the policies on the financial performance of new energy vehicle enterprises.This thesis collected China’s major new energy vehicle policy and financial data of selected companies from the first quarter of 2009 to the third quarter of 2016.By detailed description,tendency description and multivariate regression model analysis,we conclude as follows.First,the macroscopic policy has no significant effects on financial performance.Second,the industry’s standard management policy has significant negative effects on enterprise’s profit ability,operation ability,growth ability,but the influence on the enterprise debt paying ability is not significant;Third,the application policy has a significant positive impact on enterprise’s profit ability,and its influences on growth ability,enterprise’s solvency and operation capacity are not significant;Fourth,the preferential tax policy has a significantly negative effect on enterprise debt paying ability,a significant positive effect on operation ability and the impact on corporate profitability and growth ability is not significant;Fifth,technology innovation policy has a significant positive effect on enterprise debt paying ability,significant negative impact to the enterprise profit ability,growth ability;Sixth,the infrastructure policy has a significant role in promoting the enterprise growth capacity,but has no significant effect on other aspects of competence.