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Article
Management
Jing Chen et al.
Summary: This study investigates the relationship between government subsidies, R&D expenditures, and overcapacity, while exploring the heterogeneity effects in different time periods and different types of companies. The research findings indicate that government subsidies have a positive impact on promoting overcapacity and R&D expenditures. However, the influence of government subsidies on excess capacity increases over time while decreasing on R&D expenditures. Comparing with large enterprises, government subsidies have a greater positive impact on overcapacity in small enterprises, but a smaller effect on R&D expenditure. R&D expenditures restrain the influence of government subsidies on overcapacity, yet the suppression effect is limited and decreases over time. The indirect effect is greater in small enterprises than in large enterprises.
CHINESE MANAGEMENT STUDIES
(2023)
Article
Economics
Wenwen Zhang et al.
Summary: Using an unbalanced panel of Chinese listed renewable energy firms, this study examines the impact of country risks and government subsidies on the performance of renewable energy firms with different performance levels. The results show that different types of country risks have varying effects on the performance of renewable energy firms. Government subsidies have a positive (negative) effect on the performance of lower-performing (higher-performing) firms. The moderating effects of government subsidies on the relationship between country risks and firm performance change with performance levels and ownership attributes.
Article
Environmental Studies
Hanbing Zhai et al.
Summary: The decarbonization of China's power sector is crucial for achieving the dual-carbon target. This study examines the feasibility of achieving a net-zero emissions power sector before 2050 and explores different strategies and cost changes. The results show that a flexible and diverse combination of mitigation strategies, including renewable energy and clean nuclear energy, is vital. Achieving net-zero emissions earlier will result in higher total costs, and carbon capture and storage technologies have the highest costs.
ENVIRONMENTAL IMPACT ASSESSMENT REVIEW
(2023)
Article
Business, Finance
Xin Lv et al.
Summary: This paper conducts a cross-country comparative study on the market value of green innovations, finding that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Moreover, the positive impacts of R&D investment and patent count on market value are higher in Europe and China compared to the United States.
FINANCE RESEARCH LETTERS
(2023)
Article
Business, Finance
Qunwei Wang et al.
Summary: This study investigates how green finance facilitates the investment behavior of renewable energy enterprises. Using China as a case study and considering the level of economic development and financing constraints faced by these enterprises, a dynamic panel threshold model is applied. The research finds that the development of green finance can improve the investment level of renewable energy enterprises. High-quality economic development has a similar effect to green finance in promoting investment. However, excessive financing constraints can weaken or even offset the promoting effect of green finance. The results enhance our understanding of the mechanism of green finance on the investment behavior of renewable energy enterprises and suggest that maintaining high-quality economic development and alleviating financing difficulties will be more conducive to the role of green finance in supporting their investment.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2023)
Article
Business
Cheng Chen et al.
Summary: This study examines the influence of product competition on firms' overcapacity by exploiting the competition policy in China. The difference-in-differences estimation suggests that firms with greater market power experience a significant decrease in overcapacity after the enactment of the Chinese Anti-Monopoly Law. Possible explanations include the significant increase in product competition following the prohibition of monopoly activities and local protectionism, leading to a reduction in zombie firms, as well as a decline in firms' bank loans and over-investment inefficiency. These effects are more pronounced for state-owned firms, politically connected firms, firms located in cities with lower regional marketization, and firms operating in industries with less competition. Overall, this study provides timely policy implications for central regulators concerned with the enforcement outcomes of anti-monopoly policies and solutions to address overcapacity problems.
EMERGING MARKETS FINANCE AND TRADE
(2023)
Article
Energy & Fuels
Boqiang Lin et al.
Summary: Digital transformation improves the operational efficiency of power enterprises indirectly by promoting innovation, enhancing capital utilization rates, and easing financial constraints. The impact of digital transformation on operational efficiency is more significant in a fiercely competitive industry environment. Large, state-owned, and growing power firms have benefited more from digital transformation than other types of firms.
Article
Green & Sustainable Science & Technology
Boqiang Lin et al.
Summary: This study investigates the direct influence of R&D subsidies (RDS) on green technology innovation (GTI) in the renewable energy (RE) industry, using data from 160 listed RE companies in China. The results show an inverted U-shaped association between RDS and GTI, indicating an optimal value for the promotion effect of RDS. Furthermore, RDS can indirectly influence GTI performance by affecting R&D investment intensity. The study also finds that the influence of RDS on GTI varies depending on factors such as company lifecycles, ownerships, scales, and geographical characteristics.
Article
Business
Abhi Bhattacharya et al.
Summary: The study shows that the positive impact of market share on firm profit is mainly explained by market power and quality signaling, with little support for operating efficiency. Market share might negatively predict profit for niche firms and those buying market share. Insights on differentiating the value of market share between firms and industries are provided, as well as new measurement methods for goal setting and performance monitoring.
JOURNAL OF MARKETING
(2022)
Article
Environmental Sciences
Libo Zhang et al.
Summary: Research on China's PV industry shows that before 2018, the industry emitted more CO2 than it reduced, with significant implications for achieving carbon neutrality. To reach carbon neutrality, there will be a significant amount of waste PV modules generated annually after 2030, and recycling these modules could reduce emissions by 55 million tons of CO2. The PV industry has a crucial role in reducing China's carbon emissions and achieving societal carbon neutrality by 2060.
SCIENCE OF THE TOTAL ENVIRONMENT
(2022)
Article
Business
Zhanchi Wu et al.
Summary: This paper applies fixed effects and difference-in-differences models to investigate the impact of government subsidies on the innovation investment of new energy firms in China. The empirical results suggest an inverted U-shaped relationship between subsidy scale and enterprise innovation investment. Higher subsidy levels have a crowding out effect on research and development (R&D) investment, primarily due to managerial myopia. The existence of this crowding out effect is further confirmed through an exploration of China's 2016 new energy vehicle subsidy adjustment policy. This study reveals the optimal choice of government intervention.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Thermodynamics
Xianyu Yu et al.
Summary: This paper analyzes the impact of photovoltaic policies on the government and photovoltaic firms through an evolutionary game model and a system dynamics model. The renewable portfolio standards policy has advantages over the feed-in tariff policy, but its incentive measures need improvement. Stakeholders' willingness and subsidy price significantly affect the trading volume of tradable green certificates, while the social welfare of photovoltaic firms is mainly related to the subsidy price. The total amount of government cash subsidy is smaller than the social effect, emphasizing the need for appropriate renewable energy support policies for promoting photovoltaic development and economic growth.
Article
Thermodynamics
Jiang Cailou et al.
Summary: This paper examines the impact of venture capital on innovation in China's new energy enterprises and finds that government participation and joint venture capital have a more significant effect in terms of innovation incentives, contributing to the increase in patent applications by new energy enterprises.
Article
Environmental Sciences
Yalin Jiang et al.
Summary: This study examines the effects of digital finance on the green investment of heavily polluting enterprises in China. The results indicate that digital finance hinders green investments and leads to a crowding-out effect in financial investment. Furthermore, the impact varies depending on the geographical location, industry characteristics, and environmental regulations of the firms.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Green & Sustainable Science & Technology
Ranran Luan et al.
Summary: This study examines the impact of government subsidies on the business performance of Chinese solar photovoltaic enterprises. The results show a U-shaped relationship between government subsidy and business performance. The decline of photovoltaic subsidies is inevitable, and targeted suggestions are provided for the sustainable development of the industry.
Article
Green & Sustainable Science & Technology
Zhaoqiang Zhong et al.
Summary: This study uses sample data from Shanghai and Shenzhen A-share listed companies from 2010 to 2019 to analyze the impact of environmental regulation on enterprise green innovation. The results show that the new Environmental Protection Law (NEPL) significantly promotes green innovation in heavily polluting enterprises, especially in state-owned enterprises. Environmental responsibility plays a mediating role, while government subsidies play a positive moderating role in the impact of environmental regulation on enterprise green innovation.
SUSTAINABLE PRODUCTION AND CONSUMPTION
(2022)
Article
Business
Yao-yao Song et al.
Summary: This paper proposes a systematic solution for the comparability problem in CU evaluation and applies it to an empirical analysis of Chinese universities.
JOURNAL OF PRODUCTIVITY ANALYSIS
(2022)
Article
Business
Zhan-ao Wang et al.
Summary: This study empirically tests publicly listed firms in China and proves that technological innovation can curb overcapacity by enhancing enterprise competitiveness and reducing overinvestment. The study also finds that enterprise heterogeneities moderate this causal relationship. Moreover, for firms with a relatively high level of technological innovation, the negative impact of overinvestment on capacity utilization diminishes.
JOURNAL OF BUSINESS RESEARCH
(2022)
Article
Business
Yi Su et al.
Summary: Based on empirical analysis, this paper finds that renewable energy technology innovation has a significant positive impact on green development, while the rationalization of the industrial structure also has a positive effect on green development. However, the advancement of the industrial structure has a negative impact on green development. The study further reveals a mutually exclusive effect between renewable energy technology innovation and industrial structure upgrading, but their joint effect can promote the positive impact of technological innovation on green development while restraining the negative effect of industrial structure advancement.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Social Issues
Khalid Khan et al.
Summary: This study reveals the causal relationship between technology innovations and renewable energy in Germany. The results show that technology innovations significantly impact renewable energy, and renewable energy also has a considerable effect on technology innovations.
TECHNOLOGY IN SOCIETY
(2022)
Article
Economics
Xiaofeng Xu et al.
Summary: This study examines Chinese-listed PV enterprises and finds that government subsidies have a promoting effect on innovation performance, with R&D input playing a mediating role. Carbon trading prices exert a positive moderating effect between government subsidies and innovation performance.
Article
Environmental Studies
Feng Long et al.
Summary: The study empirically investigates the impact of the environmental protection tax on corporate performance in heavily polluting industries in China. The findings suggest that the tax significantly reduces the short-term performance of these companies. However, it also has an innovation effect, leading to increased R&D investment and transformation. The study highlights the weak green effect of the tax and the differences in its impact based on regional institutional environment and firm size.
ENVIRONMENTAL IMPACT ASSESSMENT REVIEW
(2022)
Article
Thermodynamics
Boqiang Lin et al.
Summary: This study examines the operational efficiency and influencing factors of Chinese nuclear power plants using a model constructed based on plant-level data. The results show that operational efficiencies of these plants have improved to varying degrees in the increasingly fierce market competition. Additionally, capacity utilization, average unit size, and unit capacity factor significantly promote the operational efficiencies of power plants, while plant size suppresses their efficiency. Plants with higher unit capacity factors are less adversely affected by plant size.
Article
Information Science & Library Science
Tat Dat Bui et al.
Summary: This study provides a data-driven analysis on the importance of renewable energy in sustainable energy security and reveals regional issues. By validating 19 indicators and showing future trends, the study enriches our understanding of renewable energy and guides future research and global assessment.
JOURNAL OF GLOBAL INFORMATION MANAGEMENT
(2022)
Article
Information Science & Library Science
Chia-Mei Chen et al.
Summary: This article discusses the rapid development of cross-border e-commerce and its impact on the global economy. It emphasizes the importance of enhancing online privacy and security to ensure the future success of e-commerce. The article proposes a digital forensic model to help first incident responders identify suspicious system behaviors, which has proven to be effective in reducing the time and effort required for investigating cyberattacks. Overall, the model is expected to improve security incident handling efficiency in cross-border e-commerce.
JOURNAL OF GLOBAL INFORMATION MANAGEMENT
(2022)
Article
Economics
Rui Bai et al.
Summary: The study highlights the impact of enterprise size on the relationship between government subsidies and renewable energy investment. Government subsidies have a gradually increasing effect on renewable energy investment, but the speed of impact decreases with the growth of enterprise size. Additionally, ownership concentration and enterprise growth contribute to promoting investment in renewable energy.
Article
Energy & Fuels
Wei Shao et al.
Summary: This paper empirically studies the incentivization effect of R&D subsidies and production subsidies on the innovation of new energy auto companies based on China's new energy auto industry financial subsidy policy. The results show that R&D subsidies have a more obvious incentive effect on R&D behavior, with the production subsidies' influence not being as significant.
ENERGY STRATEGY REVIEWS
(2021)
Article
Green & Sustainable Science & Technology
Xiaoli Wang et al.
Summary: The study found that government subsidies have different effects on companies operating at different levels of the NEV industry chain. Subsidies have a greater impact on upstream companies, while the negative effect is more pronounced on companies in the central and western regions and non-state-owned enterprises.
SUSTAINABLE PRODUCTION AND CONSUMPTION
(2021)
Article
Economics
Mingbo Zheng et al.
Summary: Terrorism has a negative impact on green technological innovation in renewable energy technologies, leading to reduced innovation in economies, especially in OECD countries. Wind energy innovation is particularly affected by terrorist attacks. The repression effect of terrorism on green innovation is more significant in economies with lower green innovation performance.
Article
Economics
Shiwei Yu et al.
Summary: This study examines the determinants of overcapacity in the non-hydropower renewable energy industries in China using data from 116 listed enterprises. The study found that overcapacity is most severe in the PV industry, followed by wind and biomass industries. Enterprise profitability, government subsidies, and market structure significantly impact overcapacity, with policy coordination and financial support potentially mitigating the issue. To reduce overcapacity, government control over subsidy standards and industry entry thresholds is recommended, with a focus on improving asset return rates and domestic market demand for PV enterprises, and exploring overseas markets for biomass enterprises. Synergy in policies for the photovoltaic industry is emphasized over quantity.
Article
Engineering, Industrial
Li Li et al.
INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH
(2020)
Article
Energy & Fuels
Xing Yao et al.
Article
Energy & Fuels
Hui Hu et al.
FRONTIERS IN ENERGY RESEARCH
(2020)
Article
Economics
Muhammad Usman et al.
Article
Environmental Studies
Ting Wu et al.
Article
Environmental Studies
Dequn Zhou et al.
Article
Business
Xiaohua Sun et al.
ASIAN JOURNAL OF TECHNOLOGY INNOVATION
(2020)
Article
Economics
Samuel Corwin et al.
Article
Economics
Xiaolei Yang et al.
Article
Economics
Bongsuk Sung
Article
Environmental Sciences
Changbo Wang et al.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2019)
Article
Economics
Lei Zhu et al.
Article
Economics
Guo-liang Yang et al.
SOCIO-ECONOMIC PLANNING SCIENCES
(2019)
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Economics
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Economics
Guangqiang Liu et al.
ECONOMIC MODELLING
(2019)
Article
Information Science & Library Science
Zhijie Lin et al.
INFORMATION SYSTEMS RESEARCH
(2019)
Article
Business, Finance
Yan Ziqiao et al.
FINANCE RESEARCH LETTERS
(2018)
Article
Business
Aihua Wu
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2017)
Article
Thermodynamics
Huiming Zhang et al.
Article
Economics
Xiong Yongqing et al.
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Economics
Ke Li et al.
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Economics
Hongwei Wang et al.
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Business
Fabio Zona
EUROPEAN MANAGEMENT JOURNAL
(2014)
Article
Business, Finance
Victoria Dickinson
