Research On The Impact Of Government Subsidies In The New Energy Industry On Corporate Innovation Performance

The National Conference on Eco-environmental Protection held in Beijing in May 2018 put forward the idea of Xi Jinping's ecological civilization.Since then,the construction of ecological civilization has become an important political task of our Party.Faced with the deteriorating environmental problems,the development and utilization of new energy has received widespread attention from all countries.China has also raised the development of new energy industry to a national strategic position,and the government has invested a lot of funds to support the development of new energy industry.Innovation is the core of the development of new energy industry,so will the huge government subsidies promote enterprises to increase innovation investment to improve their innovation performance? Faced with the utilization of government subsidies by various new energy enterprises,how should the government adjust the subsidy scheme? Based on the above problems,we study the relationship between government subsidies and innovation input and innovation performance of enterprises.In this paper,103 New Energy listed companies are selected as research samples.Regression model is established from 2013 to 2017.Relevant data are brought into the model for regression analysis.Empirical results show that government subsidies have a positive impact on innovation performance of enterprises,innovation investment of enterprises and government subsidies,and in private enterprises,this effect is positive.The sound effect is more remarkable.Based on the results of empirical research,this paper puts forward countermeasures and suggestions to optimize the effect of government subsidies from the perspective of enterprises and governments.