Government Subsidies and Business Resilience of Chinese Electric Vehicle Enterprises: The Roles of ESG and Technological Capability

被引:0
作者
Zhao, Qiu [1 ]
Zhang, Chao [1 ,2 ]
Li, Zhuoqian [3 ]
机构
[1] Northeastern Univ, China Acad Northeast Revitalizat, Shenyang 110169, Peoples R China
[2] Liaoning Univ, Sch Econ, Shenyang 110136, Peoples R China
[3] Northeastern Univ, Sch Humanity & Law, Shenyang 110169, Peoples R China
基金
中国国家自然科学基金;
关键词
business resilience; government subsidy; ESG performance; technological capability; electric vehicle; POLICY;
D O I
10.3390/en17225569
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
In the context of increasing global macroeconomic policy uncertainty, the effectiveness of Chinese government subsidies in promoting the business resilience of electric vehicle (EV) enterprises and the sustainable development of the EV industry has attracted significant attention. This paper utilizes panel data from Chinese listed EV companies from 2013 to 2022 to examine the impact of government subsidies on the business resilience of these enterprises. It also analyzes the moderating roles of corporate ESG (Environmental, Social, and Governance) performance and technological capability. This study finds that government subsidies significantly enhance business resilience, particularly for companies with a high ESG performance and a strong technological capability, which can better leverage these subsidies to further enhance their resilience amidst market fluctuations and uncertainties. Moreover, as an external support measure, government subsidies complement internal corporate factors like ESG performance and technological capability, promoting the sustainable development of the industry. Policymakers should consider corporate ESG performance and technological capability when designing subsidy programs to maximize their effectiveness.
引用
收藏
页数:20
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