Empirical Research On The Impact Of Technological Innovation Efficiency On Market Power Of New Energy Automobile Companies

In recent years,the world has been facing increasingly serious environmental problems.The global automotive industry is gradually developing in the direction of environmental protection,energy saving and intelligence.The new energy automobile industry is facing important development opportunities.In order to gain more market power in the global new energy automobile market competition,new energy automobile companies all over the world have invested a lot of resources in R&D activities of new energy automobile and key technologies.Based on the relevant theoretical research on market power,this thesis studies the influence of technology innovation efficiency on new energy automobile company’s market power,and it aims to give a systematic answer to the questions of how technology innovation efficiency affects company’s market power and how to achieve it,which has certain enlightenment function for new energy automobile companies to improve market power and develop technology innovation activities reasonably.Firstly,this paper analyzes the influence of technological innovation efficiency on the market power of NEV enterprises theoretically,and holds that the technological innovation efficiency may affect the market power of NEV enterprises by improving productivity and carrying out M&A activities.The influence of technological innovation efficiency on the market power of NEV enterprises is restricted by the region,the nature of ownership and the proportion of intermediate input factors.Secondly,this paper measures the market power and the efficiency of technological innovation of NEV enterprises respectively by using the accounting method and the DEA method,and analyzes the dynamic evolution and regional differences of the enterprise surcharge rate by using the kernel density estimation method.Secondly,this paper analyzes the influence of technological innovation efficiency on the market power of NEV enterprises empirically by constructing the fixed effect model,the threshold effect model and the quantile regression model.Finally,this paper takes the productivity and whether carrying out M&A activities as intermediary variables,and constructs an intermediary effect model to empirically test the path of the influence of technological innovation efficiency on the market power of NEV enterprises.In addition,due to the great differences in the economic development level,human capital situation and the level of technological innovation of each region,the heterogeneity test of the influence of technological innovation on the market power of NEV enterprises is tested.Based on the above theoretical and empirical analysis,the main conclusions of this thesis are as follows:(1)Technological innovation efficiency has a significant positive impact on the market power of NEVs.(2)The impact of technological innovation efficiency on the market power of NEVs is restricted by the regional and equity nature factors,and the positive impact of the improvement of technological innovation efficiency of NEVs in Japan and China on the market power of NEVs is greater than that of NEVs in Europe and the United States,and NEVs which are controlled by nonstate-owned companies have a greater positive impact on the market power of NEVs which are controlled by state-owned companies.(3)Increasing productivity and carrying out M&A activities are two possible paths for technological innovation efficiency to affect the market power of NEVs.(4)The intermediate factor input ratio has a threshold effect on the market power of NEVs.When the intermediate factor input ratio is less than 52.1%,the Technological innovation efficiency has the greatest positive impact on the market power of NEVs,and when the intermediate factor input ratio is within the range from 50.1% to 72.8%,the positive impact on the market power of NEVs will be reduced,and there will be no significant impact on the market power exceeding 0.8%.(5)In general,the impact of technological innovation efficiency on the market power of new-energy automobile companies has a long-term effect.