An Empirical Study on the Impact of Dual Credit Policy on Enterprise Innovation Performance
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https://doi.org/10.54097/hdtjpb92Keywords:
Abstract
With the increasing global awareness of environmental protection and the accelerated transformation of energy structures, the new energy vehicle (NEV) industry has become a crucial strategic choice for governments worldwide to promote green economic development and achieve carbon reduction goals. In China, the "dual-credit" policy and other measures have been implemented to actively drive technological advancements and market expansion in the NEV industry. This study employs the difference-in-differences (DID) method to systematically examine the mechanism by which the "dual-credit" policy impacts firms' innovation performance through empirical analysis. Furthermore, it incorporates R&D investment as a mediating variable to explore the indirect effect of policy incentives on firms' innovation performance. The findings reveal that the "dual-credit" policy significantly promotes corporate innovation and effectively enhances innovation performance by increasing firms' R&D investment levels, thereby amplifying the policy's effectiveness. This research provides empirical support for the optimization of NEV industry policies and offers theoretical and practical references for advancing industrial technological upgrades and achieving green economic development goals.
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