The Impact Of Government Innovation Subsidies On The Innovation Performance Of New Energy Enterprises

The new energy industry has the role of optimizing the energy consumption structure,promoting energy conservation and emission reduction,and providing solutions to the problem of global warming,and is a new growth point for the development of the green economy.Promoting scientific and technological innovation and supporting and guiding the development of new energy industries has become one of the major strategies of all countries in the world to seize the commanding heights of a new round of economic and scientific and technological development.However,promoting the high-quality development of China’s new energy industry still faces many difficulties,the scientific and technological innovation ability of new energy enterprises is not strong,and energy security is facing major challenges.Therefore,the Chinese government has always attached great importance to the development of the new energy industry and has given a lot of subsidy support to new energy enterprises.In this context,what is the effect of evaluating the government’s innovation subsidy policy on the innovation performance of new energy enterprises? It has important reference significance for the government to adjust and optimize or formulate corresponding policies to support the development of the new energy industry.Based on this,this paper takes Listed new energy company enterprises as the research object,manually screens and sorts out government innovation subsidies using the negative binomial model,examines the impact of government innovation subsidies on the innovation performance of new energy enterprises,and conducts heterogeneity test analysis.The main studies found that:(1)Overall,government innovation subsidies significantly improved the innovation performance of new energy enterprises.Among them,the incentive effect on the innovation performance of small and medium-sized new energy enterprises is better than that of large new energy enterprises;The higher the degree of regional marketization,the better the incentive effect of government innovation subsidies;Under different degrees of product market competition,there is no obvious difference in the incentive effect of government innovation subsidies.(2)Compared with state-owned new energy enterprises,government innovation subsidies have a stronger role in promoting the innovation performance of non-state-owned new energy enterprises.Moderating the academic and technical background of the CEO strengthens the role of government innovation subsidies in promoting the innovation performance of new energy enterprises.(3)The incentive effect of government innovation subsidies on innovation performance is more obvious in large enterprises in new energy enterprises with different property rights.And this difference is only manifested in scenarios where product market competition is fierce and regional marketization is high.(4)As the unique human capital of the enterprise,the CEO’s academic and technical background only plays a positive moderating role in the scenarios of large-scale new energy enterprises,fierce competition in the product market,and a high degree of regional marketization.Finally,the research suggestions of this paper are put forward by the two levels of government and enterprises.