Analysis on the Influence of Government Subsidy on Foton Automobile Technology Innovation Efficiency under the Background of Dual Carbon

DOI: https://doi.org/10.62517/jiem.202303201

Author(s)

Yan Li*, Ruizhen Wu

Affiliation(s)

Business School, Lingnan Normal University, Zhanjiang, Guangdong, China *Corresponding Author.

Abstract

The new energy industry is an emerging industry; the rise of the emerging industry is inseparable from the national macro-control. In recent years, new energy automotive industry as the mainstay of carbon reduction, more and more to receive government subsidies. Based on the DEA-Malmquist model, this paper takes Foton Automobile as the research object to explore whether enterprises can rationally use government subsidies to promote technology innovation under the dual-carbon background. It is found that government subsidies have a certain incentive effect on Foton automobile technology innovation. The static efficiency score shows that after the two-carbon goal is proposed, the government subsidies continue to increase and the innovation efficiency of the enterprise reaches the best state. The dynamic efficiency score shows that the input-output of Foton Automobile has not reached the optimal scale, and Foton Automobile still needs to adjust the production scale of the enterprise and improve the innovation efficiency. Finally, the government should strengthen the supervision of the use of government subsidies, enterprises should speed up the transformation of technological achievements, pay attention to the rational distribution of input and output suggestions and countermeasures.

Keywords

Dual Carbon Target; Foton Motor; Government Subsidies; Technological Innovation Efficiency

References

[1]Shen, Y.J. (2020). The government subsidies on new energy automobile enterprise innovation performance impact study. East China Jiaotong University. [2]He, Y.Y. (2021). Government subsidies and enterprise technology innovation: An empirical analysis of 1648 listed manufacturing companies. Jimei University. [3]Chen, L.H., Zhang, L., &Wang, H. (2022). The influence of the government subsidies on new energy enterprises green innovation research. Friends of Accounting, 11: 150-157. [4]Wen, X.W, &Cao, Y.N. (2020). The government subsidies to new energy automobile enterprise technology innovation investment. Journal of Hangzhou Dianzi University, 2, 1-6. [5]Qu, M.X. (2020). Government subsidies for the influence of the small and mid-sized enterprise innovation efficiency research. South China University of Technology. [6]Jiang, R. (2021). The government subsidies on new energy automobile enterprise innovation performance impact study. Jiangxi University of Science and Technology. [7]Yang, T.T. (2022). The government subsidies on new energy automobile enterprise innovation performance impact study: A case study of Beiqi Foton. Donghua University. [8]Li, W.S. (2022). Research on the influence of government subsidies on Innovation Performance of New Energy Vehicle Enterprises. Henan University of Economics and Law. [9]Li, H.H. (2020). The government subsidies on new energy automobile enterprise innovation performance impact study -- A case study of BAIC New Energy. Jimei University.