Research Article
A Study on the Impact of New Energy Policies and Their Combinations on Corporate Innovation Performance: Evidence from Panel Data of 361 Chinese Listed Photovoltaic Firms
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350094, author={Ying Zhang and Wenjie Zhao and Qingjian Tan}, title={A Study on the Impact of New Energy Policies and Their Combinations on Corporate Innovation Performance: Evidence from Panel Data of 361 Chinese Listed Photovoltaic Firms}, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={new energy policy policy mix innovation performance photovoltaic industry}, doi={10.4108/eai.24-5-2024.2350094} }- Ying Zhang
Wenjie Zhao
Qingjian Tan
Year: 2024
A Study on the Impact of New Energy Policies and Their Combinations on Corporate Innovation Performance: Evidence from Panel Data of 361 Chinese Listed Photovoltaic Firms
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350094
Abstract
In this study, we empirically analyze the effect of new energy policies and their combinations on corporate innovation performance by using panel data from 361 Chinese listed photovoltaic firms between 2016 and 2021. We find that Chinese new energy policies and their combinations significantly incentivize corporate innovation performance. Furthermore, we also reveal that the demand-side new energy policy has a more pronounced effect on promoting firm innovation performance. Based on the findings, we suggest that China’s government needs to improve its demand-side new energy policies and emphasize the integrated design of the new energy policy system to better play the synergy effect of the policy mix in corporate innovation.