Research on the Influence of Science and Technology Finance on the Resilience of New Energy Industry

Published: July 17, 2025
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Abstract

Technology finance is an effective channel to break the financing constraints, by applying financial resources to the digital transformation of enterprises, improve the level of enterprise science and technology, so as to improve the resilience of new energy enterprises. This paper takes China's Shanghai and Shenzhen A-share listed new energy enterprises from 2011 to 2023 as research samples to empirically test the influence mechanism, action channel and heterogeneity of the development of science and technology finance on the resilience of new energy enterprises. The study found that a higher level of technological and financial development would significantly improve the resilience of new energy enterprises in the region. The impact of the development of science and technology finance on the resilience of new energy enterprises exists in two ways: promoting the digital transformation of new energy enterprises and easing financing constraints, which play an intermediary role; In further analysis, compared with state-owned enterprises, the improvement of the development level of science and technology finance is more conducive to improving the resilience of private enterprises. At the regional economic development level, big cities with higher economic development level can provide a more superior science and technology financial environment, so as to better promote the improvement of the resilience of local new energy enterprises. Based on the research conclusions, starting from different subjects of science and technology finance and new energy enterprises themselves, countermeasures and suggestions are proposed respectively to better and more effectively allocate science and technology financial resources, so as to have a positive impact on the improvement of resilience of new energy enterprises.

Published in Abstract Book of ICEFMS2025 & MGMTENTR2025
Page(s) 2-2
Creative Commons

This is an Open Access abstract, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2025. Published by Science Publishing Group

Keywords

Science and Technology Finance, New Energy Enterprise, Enterprise Toughness, Digital Transformation, Financing Constraint