Research On Financial Support Policy Effect Of China's Photovoltaic Industry

China is the largest manufacturer of pv in the world,and the photovoltaic industry has been established as one of the representative industries for the development of new energy industry.However,since 2008,the export volume of China's photovoltaic industry has been severely reduced,and the pv capacity has been huge.The photovoltaic industry is facing a huge crisis.Central government attaches great importance to the survival and development of photovoltaic industry,in recent years introduced a feed-in tariff subsidy policy,the golden sun,and a series of demonstration project for photovoltaic enterprise financial support policy,hope to save the photovoltaic industry crisis,to promote the sustainable development of photovoltaic industry.So,do these financial support policies have a positive policy effect on the sustainable development of China's photovoltaic industry? Are there any negative factors that restrict the policy effect and how to optimize the relevant fiscal support policies? This is an urgent question to answer.This paper first introduces the development and policy measures of the fiscal support policy of China's photovoltaic industry.Then the wind database then collected data on 40 domestic photovoltaic companies listed on stock exchanges between 2010 and 2016,use the panel regression model to analyze the government subsidies to the enterprise sustainable development level.The empirical results show that the government financial subsidy can significantly improve the sustainable development level of enterprises,but the effect is limited.Then this paper conducted an in-depth case study of W photovoltaic enterprises,find financial support policy in the enterprise technology upgrades,the three aspects of financing behavior and the size of the market demand have a positive effect of the policy of the sustainable development of the enterprise,but because of the core technology has not yet been research,imperfect financial subsidy funds management factors such as restriction,limit the financial support policy effect further.In this paper,the author puts forward some suggestions on how to optimize the financial support policies for the technology upgrading,investment and financing behavior and market scale demand of the photovoltaic enterprises.