Research On The Factors And Paths Of Performance Of New Energy Listed Companies

Under the background of insufficient energy supply,rapid deterioration of the environment and the government’s support for the development of new energy industries,the new energy industry has broad prospects for development.However,China’s new energy industry is in its initial stage of development.It is not mature in all aspects.The industry level of the industry as a whole is not high enough.The investment in the early stage is large and the long-term return period is long.Therefore,it is necessary to help the new energy industry recognize its future development status,analyze the factors that affect the performance of the new energy industry,and the effect of various influencing factors on performance.Based on this,the research purpose of this paper is determined:the influencing factors and path of performance of listed companies in the new energy industry.After reading a large number of references,we identified the factors that will affect the performance of new energy listed companies,mainly analyzing the performance of new energy listed companies from the three aspects of equity structure,financing structure,and technological innovation,and analyzed theoretically.The function of each factor on performance.Through the annual financial reports,RESSET,and WIND databases of listed companies,13 indicators data including equity structure,financing structure,technology innovation,and performance evaluation of new energy listed companies were collected to construct a structural equation model,and each path was judged using standardized path coefficients.The influence path,direction and degree of influence factors on company performance.The research shows that the ownership structure is the basic factor for the development of new energy listed companies and will have a positive impact on the performance of listed companies.The shareholding structure will have a positive impact on performance,and will also have a positive impact through technology innovation as an intermediary.It will also have a negative impact through the financing structure as an intermediary.Technological innovation is a catalytic factor in the development of new energy listed companies,and will affect the performance of listed companies.It has a positive impact,while technological innovation as an intermediary causes the equity structure to have a positive impact on performance;the financing structure is a constraint factor for the development of new energy listed companies and has a negative impact on the performance of listed companies.At the same time,the financing structure acts as an intermediary to make equity Structure has a negative effect on performance.According to the empirical conclusions,the following recommendations are made for new energy listed companies:increase the number of R&D personnel,invest in R&D,continue to maintain support for technological innovation,improve technological innovation policies,strengthen the training and training of technologically innovative talents,and create new energy industry innovation brands Clusters,improve equity structure and financing structure,etc.