Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)

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Can Innovation in New Energy Vehicle Companies Improve Financial Performance

——Empirical Evidence from Chinese Listed Companies

Authors
Jin Wang1, Bin Wang1, *
1Anhui Buisness and Technology College, Hefei, Anhui, China
*Corresponding author. Email: 2022010748@ahbvc.edu.cn
Corresponding Author
Bin Wang
Available Online 26 May 2025.
DOI
10.2991/978-94-6463-724-3_3How to use a DOI?
Keywords
New Energy Vehicle (NEV); Environment; Energy; Innovation; Financial Performance
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.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
26 May 2025
ISBN
978-94-6463-724-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-724-3_3How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jin Wang
AU  - Bin Wang
PY  - 2025
DA  - 2025/05/26
TI  - Can Innovation in New Energy Vehicle Companies Improve Financial Performance
BT  - Proceedings of the 2025 5th International Conference on Informatization Economic Development and Management (IEDM 2025)
PB  - Atlantis Press
SP  - 19
EP  - 29
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-724-3_3
DO  - 10.2991/978-94-6463-724-3_3
ID  - Wang2025
ER  -