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Energy is the material basis for the survival and development of human society. It is of great significance for energy enterprises to obtain government subsidies, improve technological innovation ability, improve energy efficiency and realize sustainable development. Based on the data of listed energy companies in China, this paper examines the relationship between government subsidies, R &amp; D investment and the growth of energy companies. The results show that: there is a significant positive correlation between government subsidies and the growth of energy enterprises; there is a significant positive correlation between government subsidies and R &amp; D investment; R &amp; D investment has a significant partial mediating effect between government subsidies and the performance of resource-based enterprises.

Research on the influence of government subsidies on the growth of energy-based enterprises——The mediating effect of enterprise R&D investment