新能源上市公司政府补助、研发投入对财务绩效的影响

Research on the Impact of Government Subsidy and R&D Investment on Financial Performance of New Energy Listed Companies

以2013-2018年新能源上市公司为研究对象,考察政府补助、研发投入对财务绩效的影响。政府补助与研发投入存在显著的正相关关系;研发投入与财务绩效也存在着显著的正向相关性;研发投入在政府补助与财务绩效之间存在中介效应,即新能源上市公司的政府补助会加大研发投入强度,进而提升财务绩效。资产负债率、企业性质、公司规模和股权集中度也对企业财务绩效产生一定的影响。

Taking 2013-2018 new energy listed companies as the research object, the impact of government subsidies and R&D investment on financial performance is investigated in this paper. There is a significant positive correlation between government subsidies and R&D investment;there is a significant positive correlation between R&D investment and financial performance;R&D investment has a mediating effect between government subsidies and financial performance, that is, government subsidies of new energy listed companies can increase the intensity of R&D investment, thereby improving financial performance. The asset-liability ratio, the nature of the company, the size of the company, and the concentration of ownership will also have a certain impact on the financial performance of the new energy listed companies.