Research On The Influence Of Selective Industrial Policy On The Innovation Performance Of New Energy Vehicle Enterprises

Selective industrial policies are an important tool for industrial upgrading.From 2001 to 2017,the Chinese central government implemented a series of new energy automobile industrial policies that provided important support for the structural upgrading of the industry.Based on this,this article establishes the theoretical mechanism of the new energy vehicle industry policy on enterprise innovation performance by sorting out the new energy vehicle industry policy.The research content of this article has the following three points:(1)Does the impact of China’s new energy vehicle industry policy on the innovation performance of "transformed new energy vehicle companies" promote or restrain?(2)What is the mechanism of action between China’s new energy vehicle industry policy and "transition of new energy vehicle companies" ?(3)Further discuss the impact of the above three major policy tools of the new energy vehicle industry on the innovation performance of "transformed new energy vehicle companies" in different time periods,and the innovation of "transformed new energy vehicle companies" by the three major policy tools in different time periods Performance impact.The article uses the data of 21 companies listed on A-share autos from 2001 to 2017 as a sample,and uses the Tobit regression model to draw the following conclusions:(1)China’s new energy vehicle industry policy can significantly improve the "transforming new energy vehicle companies" innovation performance.In general,the promotion effect of selective industrial policies on the innovation performance of "transitional new energy automobile companies" can be achieved through the government subsidy mechanism,but not through tax incentives and financial support.(2)Government subsidies have a stronger effect on the innovation performance of "transformed new energy vehicle companies" before 2008(including 2008)than that of "transformed new energy vehicle companies" after 2008;tax incentives are more effective than before2008(including 2008).The innovation performance of the "transformed new energy vehicle companies" and the "transformed new energy vehicle companies" after 2008 are not significant;financial support started from the innovation performance of "transformed new energy vehicle companies" before 2008(including 2008).The obvious inhibitory effect is not significant on the innovation performance of "transformed new energy automobile enterprises" after 2008.(3)Before 2008(including 2008),government subsidies,tax incentives,and financial support did not contribute to the innovation performance of "transformed new energy vehicle companies".After 2008,government subsidies played a positive role in promoting the innovation performance of "transitional new energy vehicle companies";financial support inhibited the innovation performance of "transitional new energy vehicle companies".Finally,based on theoretical analysis and empirical results,this article puts forward suggestions for China’s new energy vehicle industry policy.