Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry
Government subsidies (GSs) have triggered a remarkable increase in the production capacity of photovoltaic (PV) electricity in China. However, the lack of core technologies has limited PV enterprises’ competitiveness in the global market. This research investigates the impacts of R&D subsidies a...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/5548809 |
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| author | Cailou Jiang Dehai Liu Qin Zhu Lu Wang |
| author_facet | Cailou Jiang Dehai Liu Qin Zhu Lu Wang |
| author_sort | Cailou Jiang |
| collection | DOAJ |
| description | Government subsidies (GSs) have triggered a remarkable increase in the production capacity of photovoltaic (PV) electricity in China. However, the lack of core technologies has limited PV enterprises’ competitiveness in the global market. This research investigates the impacts of R&D subsidies and non-R&D subsidies on the innovation in PV enterprises. With samples of Chinese listed PV enterprises from 2010 to 2019, this study finds R&D subsidies exert a notable positive impact on the innovation in PV enterprises. In small and medium enterprises (SMEs) and enterprises without state-owned shares, both R&D subsidies and non-R&D subsidies have positive impacts on the innovation. Considering the policy orientation, R&D subsidies granted under demand-orientation policies promote the innovation in PV enterprises. The government should increase the amount of R&D subsidies, optimize the R&D subsidies’ evaluation mechanism, and reasonably grant R&D subsidies from the demand side. |
| format | Article |
| id | doaj-art-30b60eea1fd54d1097029c0f5ddf4f3a |
| institution | OA Journals |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-30b60eea1fd54d1097029c0f5ddf4f3a2025-08-20T02:38:56ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/55488095548809Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic IndustryCailou Jiang0Dehai Liu1Qin Zhu2Lu Wang3Development Institute of Jiangbei New Area, Nanjing University of Information Science & Technology, Nanjing 210044, ChinaDevelopment Institute of Jiangbei New Area, Nanjing University of Information Science & Technology, Nanjing 210044, ChinaInstitute for the History of Science and Technology, Nanjing University of Information Science &Technology, Nanjing 210044, ChinaFaculty of Business, Economics & Law, The University of Queensland, Brisbane, Queensland 4072, AustraliaGovernment subsidies (GSs) have triggered a remarkable increase in the production capacity of photovoltaic (PV) electricity in China. However, the lack of core technologies has limited PV enterprises’ competitiveness in the global market. This research investigates the impacts of R&D subsidies and non-R&D subsidies on the innovation in PV enterprises. With samples of Chinese listed PV enterprises from 2010 to 2019, this study finds R&D subsidies exert a notable positive impact on the innovation in PV enterprises. In small and medium enterprises (SMEs) and enterprises without state-owned shares, both R&D subsidies and non-R&D subsidies have positive impacts on the innovation. Considering the policy orientation, R&D subsidies granted under demand-orientation policies promote the innovation in PV enterprises. The government should increase the amount of R&D subsidies, optimize the R&D subsidies’ evaluation mechanism, and reasonably grant R&D subsidies from the demand side.http://dx.doi.org/10.1155/2021/5548809 |
| spellingShingle | Cailou Jiang Dehai Liu Qin Zhu Lu Wang Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry Discrete Dynamics in Nature and Society |
| title | Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry |
| title_full | Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry |
| title_fullStr | Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry |
| title_full_unstemmed | Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry |
| title_short | Government Subsidies and Enterprise Innovation: Evidence from China's Photovoltaic Industry |
| title_sort | government subsidies and enterprise innovation evidence from china s photovoltaic industry |
| url | http://dx.doi.org/10.1155/2021/5548809 |
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