Can Innovation in New Energy Vehicle Companies Improve Financial Performance

Jin Wang () and Bin Wang ()
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Jin Wang: Anhui Buisness and Technology College
Bin Wang: Anhui Buisness and Technology College

A chapter in Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025), 2025, pp 19-29 from Springer

Abstract: Abstract This paper takes A-share listed companies in China’s Shanghai and Shenzhen stock markets from 2009 to 2023 as samples to empirically test the impact of innovation in technology, management, and knowledge dimensions on financial performance of new energy vehicle (NEV) enterprises. The research results indicate that NEV companies cannot have a significant impact on financial performance through technological innovation, while management innovation has a significant improvement effect on financial performance. Knowledge innovation has a certain improvement effect on financial performance, but the effect is not significant. The heterogeneity analysis of enterprise ownership shows that non-state-owned enterprises have a greater positive impact on financial performance compared to state-owned enterprises in terms of innovation; The analysis of geographical heterogeneity shows that the positive impact of enterprise innovation on financial performance in the eastern region is more pronounced than in the central and western regions.

Keywords: New Energy Vehicle (NEV); Environment; Energy; Innovation; Financial Performance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-724-3_3

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DOI: 10.2991/978-94-6463-724-3_3

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