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This paper selects 112 listed companies in China’s a-share new energy vehicle sector from 2009 to 2018 as a research sample, and uses panel data regression analysis models to empirically test the effects of government subsidies on corporate R&amp;D investment and corporate innovation performance. It shows that government subsidies have a significant promotion effect on enterprises R&amp;D investment; government subsidies have a significant inhibition effect on enterprises’ innovation performance.

Government subsidies and corporate innovation performance- Based on the empirical analysis of the new energy automobile industry