Does oil price affect corporate innovation? Evidence from new energy vehicle enterprises in China
文献类型：期刊论文
| 作者 | He, Jiaxin2,5; Li, Jingyi1,4; Zhao, Daiqing2,5; Chen, Xing3 |
| 刊名 | RENEWABLE & SUSTAINABLE ENERGY REVIEWS
 |
| 出版日期 | 2022-03-01 |
| 卷号 | 156页码:9 |
| 关键词 | Oil price New energy vehicles Corporate innovation Patents |
| ISSN号 | 1364-0321 |
| DOI | 10.1016/j.rser.2021.111964 |
| 英文摘要 | The development of the new energy vehicle (NEV) industry to alleviate the global energy shortage and environmental pollution has attracted much attention. An econometric model is established to investigate the influence of oil price on innovation in new energy vehicle technologies, based on the induced-innovation theory. Taking advantage of enterprise-level panel data, the method of individual-fixed effect estimation is employed to capture time-invariant enterprise attributes in the analysis. We found that oil price spurs innovation in NEV enterprise, when controlling the influences of other factors, which is consistent with the theoretical hypothesis. The effect is substantively significant and robust. Further study implies that increasing research and development expenditure is a channel to increase innovation for enterprises when oil prices raise. Our findings are helpful to policymakers who are trying to understand the heterogeneity effects of oil price on NEV innovation. This paper suggests that central government should provide relevant policies and incentives to deal with price shocks, and enterprises should also have long-term plans to promote continuous corporate innovation. |
| WOS关键词 | POLICIES ; GROWTH |
| 资助项目 | Fundamental Research Funds for the Central Universities[DUT21RC (3) 111] |
| WOS研究方向 | Science & Technology - Other Topics ; Energy & Fuels |
| 语种 | 英语 |
| WOS记录号 | WOS:000784449100003 |
| 出版者 | PERGAMON-ELSEVIER SCIENCE LTD |
| 资助机构 | Fundamental Research Funds for the Central Universities |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/175460]  |
| 专题 | 中国科学院地理科学与资源研究所 |
| 作者单位 | 1.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing 100049, Peoples R China 2.Guangdong Prov Key Lab New & Renewable Energy Res, 2 Nengyuan Rd, Guangzhou 510640, Peoples R China 3.Dalian Univ Technol, Inst Carbon Peak & Neutral, Sch Econ & Management, Dalian 116024, Liaoning, Peoples R China 4.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China 5.Chinese Acad Sci, Guangzhou Inst Energy Conservat, Guangzhou, Guangdong, Peoples R China |
| 推荐引用方式 GB/T 7714 | He, Jiaxin,Li, Jingyi,Zhao, Daiqing,et al. Does oil price affect corporate innovation? Evidence from new energy vehicle enterprises in China[J]. RENEWABLE & SUSTAINABLE ENERGY REVIEWS,2022,156:9. |
| APA | He, Jiaxin,Li, Jingyi,Zhao, Daiqing,&Chen, Xing.(2022).Does oil price affect corporate innovation? Evidence from new energy vehicle enterprises in China.RENEWABLE & SUSTAINABLE ENERGY REVIEWS,156,9. |
| MLA | He, Jiaxin,et al."Does oil price affect corporate innovation? Evidence from new energy vehicle enterprises in China".RENEWABLE & SUSTAINABLE ENERGY REVIEWS 156(2022):9. |
入库方式： OAI收割
来源：地理科学与资源研究所
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