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《On Economic Problems》 2018-01
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On Fiscal Policy Effect and Time Variation of New Energy Vehicles in China:An Empirical Analysis of A-share Listed Companies of New Energy Vehicles

GAO Xiu-ping;PENG Yue-lan;Shanxi University of Finance & Economics;  
Based on micro data of major domestic A-share listed companies of new energy vehicles,this paper evaluates the implementation effect of China's fiscal policy to new energy vehicles through panel data,and detects the time breakpoints of new energy vehicles policy by applying the Chow test. The research shows that the financial subsidies and tax preferences have different influences on the profitability and solvency of new energy vehicles. In terms of financial subsidies,its effect on the profitability and solvency are not the same. Tax preferences can better promote overall operating performance of new energy automotive enterprises in the aspects of profitability,solvency,development ability and technical level,while financial subsidies are conducive to the promotion of enterprises 'technological innovation and the improvement of enterprises' level of solvency. However,financial subsidies can not improve corporate profitability and operation capability in the short term. In the long run,preferential tax policies are better than the subsidy policies.
【Fund】: 山西省教育厅研究生创新项目“促进我国新能源汽车产业化的财税政策研究”(Z08291);; 山西省社科联项目(Z12030)
【CateGory Index】: F426.471;F812.42
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