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How government subsidies promote the growth of entrepreneurial companies in clean energy industry: An empirical study in China
Wuhan Univ Technol, Peoples R China.
Linköping University, Department of Management and Engineering, Environmental Technology and Management. Linköping University, Faculty of Science & Engineering. Univ Vaasa, Finland.ORCID iD: 0000-0001-8006-3236
2018 (English)In: Journal of Cleaner Production, ISSN 0959-6526, E-ISSN 1879-1786, Vol. 188, p. 508-520Article in journal (Refereed) Published
Abstract [en]

Under the context that entrepreneurial risk in clean energy industry has become increasingly complex, government subsidies are helpful to guide and promote the entrepreneurial companies survival and development. This paper explored the roles of government subsidies, more specifically, in forms of government subsidies beforehand and government subsidies afterwards on the relationship between Ramp;D and entrepreneurial companies growth, particularly in the clean energy industry. To delve deeper into the roles, this paper analysed data from the 2013 and 2014 annual reports of 58 listed companies in clean energy industries in China. By using a moderating effect model, this paper derived following conclusions: (1) Ramp;D investment does not have a lag effect on entrepreneurial companies growth; (2) Government subsidies beforehand have negative moderating effects on the relationship between Ramp;D investment and entrepreneurial companies growth; (3) Government subsidies afterwards have positive moderating effects on the relationship between Ramp;D investment and entrepreneurial companies growth. This paper helped to understand the difference between the functions of government subsidies beforehand and government subsidies afterwards. To some extent, the results can revise prior studies about the function of government subsidies to influence the relationship between Ramp;D and entrepreneurial companies growth. The results will also be helpful for the government to evaluate the performance of government subsidies and design appropriate subsidies strategies. (C) 2018 Elsevier Ltd. All rights reserved.

Place, publisher, year, edition, pages
ELSEVIER SCI LTD , 2018. Vol. 188, p. 508-520
Keywords [en]
Government subsidies; Research and development (R&D); Entrepreneurial companies; Clean energy industry
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-148077DOI: 10.1016/j.jclepro.2018.03.126ISI: 000431937500045OAI: oai:DiVA.org:liu-148077DiVA, id: diva2:1211376
Note

Funding Agencies|Fundamental Research Funds for the Central Universities [2016VI018]

Available from: 2018-05-30 Created: 2018-05-30 Last updated: 2018-05-30

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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • oxford
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
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  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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