政府补贴对新能源企业创新意愿和创新行为的影响OA北大核心CSTPCD

New energy enterprises are the main forces of green innovation,and subsidy is a common instrument to encourage innovation.However,the effect of the subsidy on the innovation performance of new energy enterprises has not been systematically explored.This paper innovatively divides the innovation performance of new energy enterprises into innovation intentions and innovation behaviors.Taking the new energy listed companies in Shanghai and Shenzhen stock markets as research subjects,this paper explores the effects of the subsidy on innovation intentions and behaviors,and the moderation effect of the subsidy on innovation intentions transformation,with threshold regression model and moderation model.The results show that subsidy has a significant promotion effect on innovation intentions,an"S-shaped"effect on innovation behaviors,and a positive moderation effect on the transformation of innovation intentions.Besides,the positive effects of subsidy on innovation are more pronounced among small-scale,low-liability,and high-profit enterprises.The findings contribute to formulating and assessing subsidy policies for new energy enterprises.