Research On The Influence Of Government Subsidy And R&D Investment On The Growth Of New Energy Automobile Industry

At present,China's economy is in the transition period.The rapid development of economy can not be separated from the R&D innovation of enterprises in all walks of life.However,at this stage,most enterprises in our country have the problem of weak independent innovation ability: one is that the R&D activity itself has the characteristics of long cycle and high risk,which has hit the enthusiasm of enterprise R&D;the other is that most enterprises in our country do not have enough R&D funds,which restrain enterprise innovation.Government subsidy is the most common way to help enterprises grow,so how to give full play to the role of government subsidy to guide enterprise development,ease the concerns of enterprise research and development,encourage enterprise research and development innovation,so as to help enterprises grow,is of great significance to China's economic development.As a strategic emerging industry,the new energy vehicle industry is typical,and the importance of R&D activities is self-evident.Therefore,this paper takes the new energy vehicle industry as the research object and studies the relationship between government subsidies,R&D investment and enterprise growth.First of all,this paper comprehensively combs the research results and related theoretical basis of domestic and foreign literature,and analyzes the influence mechanism of each variable.Then this paper obtains 240 groups of sample data of new energy vehicle industry listed companies in 2014-2018 based on the current situation of China's economic development.Through empirical research method to test the correlation among government subsidies,R&D investment and enterprise growth,and the mediation effect of R&D investment.Then,this paper chooses SAIC Group as an example to further verify the empirical results.Based on the above analysis results,the following conclusions are drawn in this paper: Firstly,there is a significant positive correlation between government subsidies and enterprise growth.Secondly,the government subsidy is positively correlated with R&D investment.Thirdly,R&D investment is positively related to the growth of enterprises.Fourth,R&D investment has intermediary effect between government subsidy and enterprise growth.Finally,based on the empirical research conclusions,this paper puts forward relevant suggestions from the perspective of the government and enterprises respectively,which can provide reference for the new energyautomobile industry how to better play the role of government subsidies,guide enterprises to invest more funds in R&D,so as to promote the growth of enterprises.Then the innovation of this paper is to choose the new energy vehicle industry as a sample to explore the intermediary effect of R&D investment between government subsidies and enterprise growth.