Promote or Inhibit:Impact of Passive Cross-Regional Investment by New Energy Vehicle Enterprises on Innovation Output
There have been many local protectionism phenomena during the development process of China's new energy vehicle(NEV)market.As a result,NEV enterprises had no choice but to invest in some cross-regions for catering to some local protection policies.This passive type of cross-regional investment interfered with the established innovation plan of NEV enterprise,thereby affecting the innovation output.Using the data of NEV listed companies from 2009 to 2021,it tested the concrete impact of passive cross-regional investment on innovation output.The results show that the passive cross-regional investment of NEV enterprises significantly inhibits innovation output.The influence channel test further shows that the passive cross-regional investment mainly inhibits innovation output through the resource occupation effect and demand homogeneity effect.Meanwhile,it finds an effective boundary for this negative impact.When passive cross-regional investment is more concentrated,there is no significant inhibitory effect;before the late growth stage of the NEV market,there is no significant impact but only a negative effect trend.It enriches the analytical framework about the impact of cross-regional investment on innovation,optimizes the cross-regional investment choice of NEV enterprises strategically,and provides empirical evidence for resolutely abolishing the local protectionism of NEV in China.
new energy vehiclepassive cross-regional investmentinnovation outputdynamic characteristicresource occupation effectdemand homogeneity effect
NETL
NSTL
万方数据
