Research on the Influence of Government Subsidy and R&D Investment on Enterprise Innovation Performance: Based on the Empirical Evidence of New Energy Automotive Industry Listed Companies in China

Abstract

This paper empirically explores relationships of the government subsidy, R&D investment and innovation performance in new energy vehicle industries. Surrounding a series of problems took place at present, such as cheating of subsidy, and influence of subsidy between R&D and innovation performance. This paper takes the listed companies of new energy automobile stocks as the research object, and analyzes the impact of government subsidies and R&D investment on enterprise innovation performance. The results show that the phenomenon of cheating is obvious in private enterprises, the impact of government subsidy on innovation performance is inverted "U", and different subsidies have different impacts on innovation performance.