Tables and charts - 3
Light & Engineering 26 (2)

Light & Engineering 26 (2)

Volume 26
Date of publication 07/01/2018
Pages 122-128


Influence of Governmental Subsidies on Growth of Photovoltaic Enterprises: Empirical Evidence from China . L&E 26 (2) 2018
Articles authors:

Master of Finance, Lecturer. Graduated from the Kharkiv National V.N. Karazin University, Ukraine. The research direction is industrial economy

As an emerging industry, photovoltaic industry has won strong support from the government. However, many problems appear in industrial development with increasing maturation of photovoltaic industrial development. The governmental effect has a critical bearing on photovoltaic industrial development as governmental policies-driven industry. In order to investigate the influence of governmental intervention on growth of photovoltaic enterprises, sample data related to photovoltaic enterprises in Chinese A≠share market during 2007Ц2017 were selected, and the influences of fiscal subsidies and tax preferences on growth of photovoltaic enterprises were analyzed. The results show that both fiscal subsidies and tax preferences have positive promoting effects on growth of photovoltaic enterprises and influence of fiscal subsidies is more obvious. The conclusions provide decision-making support for the government to formulate intervening policies facilitating growth of photovoltaic enterprises.
1. Ming, Z., Shaojie, O., Hui, S., et al. Is the УSunФ still hot in China? The study of the present situation, problems and trends of the photovoltaic industry in China. Renewable and Sustainable Energy Reviews, 2015. V43, pp.1224Ц1237.
2. Ketels, C. H.M. Industrial Policy in the United States. Journal of Industry Competition & Trade, 2007. V7, #3, pp.147Ц167.
3. Donghua, Y., Yinan, L. Government Improper Intervention and Overcapacity of Strategic Emerging Industries: A Case Study of Chinese Photovoltaic Industry. China Industrial Economics, 2015. #10, pp.53Ц68.
4. Bergstrom, F. Capital subsidies and the performance of firms. Small business economics, 2000. V14, #3, pp.183Ц193.
5. Dongmin, K., Tianshang, L. Does government subsidy enhance corporate performance and social responsibility? Securities Market Herald, 2014. #6, pp.26Ц31.
6. Cerqua, A., Pellegrini, G. Do subsidies to private capital boost firmsТ growth? A multiple regression discontinuity design approach. Journal of Public Economics, 2014. V109, pp.114Ц126.
7. Qingquan, T., Danglun, L. An empirical study on the motives and effects of government subsidy: empirical evidence from Chinese listed companies. Journal of Financial Research, 2007. #6A, pp.149Ц163.
8. Wanfu, L., Jing, D. Tax Incentives, Adjustment Costs, and R&D Investment in China. Accounting Research, 2016. #12, pp.58Ц63.
9. Stulz, R.M. TobinТs Q, Corporate Diversification, and Firm Performance. Journal of Political Economy, 1994. V102, #6, pp.1248Ц1280.
10. Xiaozhen, W., Jingya, Y., Yuzhu, W., et al. Review on the Influence of Government Subsidy on FirmТs R&D Input. R&D Management, 2017. V29, #1, pp.139Ц148.
11. Hatos, A. Clientele vs. Status Seeking? Subject Field Choice in Higher Education in the Hungarian-Romanian Cross≠border Region. Revista de Cercetare si Interventie Sociala, 2017. V59, pp. 153Ц168.
12. Xuhong, L. A positive analysis of tax preference and SME growth ability. Taxation Research, 2014. #8, pp.79Ц84.
13. Charles, B., Pierre, M. Are Firms that Receive R&D Subsidies More Innovative? Canadian Journal of Economics, 2009. V42, #1, pp.206Ц225.
14. Chuanxian, L., Xiaoyu, L. Government Subsidy, Market Development and Corporate Growth: A Literature Review. Journal of Southwest University of Political Science & Law, 2016. #3, pp.62Ц67.
15. Gopal, Y., Kumar, K., Birla, D., et al. Banes and Boons of Perturb & Observe, Incremental Conductance and Modified Regula Falsi Methods for Sustainable PV Energy Generation. Journal of Power Technologies, 2017. V97, #1, pp.35Ц43.
Recommended articles