The Impact of External Financing on the Growth of New Energy Automobile Enterprises

Tengyu Jia ()
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Tengyu Jia: Xi’an Jiaotong-Liverpool University

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 296-303 from Springer

Abstract: Abstract With the rapid development of China’s new energy vehicle industry in recent years, external financing can provide financial support for the growth of new energy vehicle companies, which is crucial for technological innovation and production scale expansion. Based on the data of China’s new energy vehicle listed companies, this paper uses the panel regression model to study the impact of external financing on corporate growth. The results show that external financing can significantly improve the growth ability of enterprises, and at the same time, external financing also has a significant positive impact on corporate R&D investment.

Keywords: External financing; New energy vehicles; Enterprise growth; R&D input (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-598-0_30

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DOI: 10.2991/978-94-6463-598-0_30

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