Empirical Research on the Impact of"Dual-Credit"Policy on the Development of New Energy Automobile Enterprises
Developing new energy automobile is a strategic choice for the transformation and upgrading and the realization of high-quality development of automobile industry in our country.With the decline of our government's subsidies for new energy automobile,"dual-credit"policy came into being in order to continue to promote the development of the new energy automobile industry.This paper applies the difference-in-differences model and takes 16 A-share listed new energy automobile enterprises as samples to study the impact of the implementation of"dual-credit"policy on technological innovation and business performance of enterprises.The results show that the implementation of"dual-credit"policy is conducive to the virtual technological innovation of new energy automobile enterprises and it can significantly improve the business performance of enterprises as well.
"dual-credit"policynew energy automobiletechnological innovationbusiness performance