An Empirical Research Of The Impact Of Industrial Policy On The Value Of New Energy Enterprises

As the country's requirements for environmental protection and sustainable development have increased,the new energy industry has received more attention in the process of replacing the traditional energy industry.In recent years,with the introduction of the “13th Five-Year Plan”,new energy industry policies have been introduced one after another.In the research of existing new energy enterprises,the influencing factors of value have not considered the industrial policy factors.When evaluating the value of new energy enterprises,there are few consider the impact of industrial policy factors on corporate value.Since the current sub-sectors and regions in which new energy companies are located have different industrial policies,when evaluating the value of different new energy companies,whether to consider industrial policy factors becomes a problem that we need to solve,which is obvious.This paper first analyzes China's new energy industry and policy system,and divides China's new energy industry policy into strategic planning policy,financial support policy and tax incentive policy.It analyzes the mechanism of industrial policy on the value of new energy enterprise.On the basis of the path of various industrial policies on the value of enterprises and the process of information transfer of industrial policies,variables are selected and models are constructed,and the panel data is regressed using Stata.The empirical study on whether industrial policies have an impact on the value of new energy enterprises.This paper finds that the strategic planning policies and tax incentive policies in industrial policies have a significant positive impact on the value of new energy enterprises,while the financial support policies have no significant impact on the value of new energy enterprises.Put forward policy recommendations for China's current new energy industry policy system,so that it can enhance corporate value more effectively.In the future,when assessing corporate values,consider the impact of industrial policies on corporate value and further improve the value assessment system for new energy companies.