严海宁,章亚婷. 新能源汽车产业创新生态系统韧性对企业盈利能力的影响研究[J]. 南昌航空大学学报(社会科学版),2026,28(3):27-38. doi: 10.3969/j.issn.2096-8574.2026.03.004
引用本文: 严海宁,章亚婷. 新能源汽车产业创新生态系统韧性对企业盈利能力的影响研究[J]. 南昌航空大学学报(社会科学版),2026,28(3):27-38. doi: 10.3969/j.issn.2096-8574.2026.03.004
YAN Haining,ZHANG Yating. Impact of innovation ecosystem resilience in the new energy vehicle industry on corporate profitability [J]. Journal of Nanchang Hangkong University (Social Sciences),2026,28(3):27-38. doi: 10.3969/j.issn.2096-8574.2026.03.004
Citation: YAN Haining,ZHANG Yating. Impact of innovation ecosystem resilience in the new energy vehicle industry on corporate profitability [J]. Journal of Nanchang Hangkong University (Social Sciences),2026,28(3):27-38. doi: 10.3969/j.issn.2096-8574.2026.03.004

新能源汽车产业创新生态系统韧性对企业盈利能力的影响研究

Impact of Innovation Ecosystem Resilience in the New Energy Vehicle Industry on Corporate Profitability

  • 摘要: 针对新能源汽车产业普遍存在的盈利困境,以创新生态系统韧性为理论切入点,基于2017—2023年71家新能源汽车产业上市公司的数据,采用固定效应模型,实证考察了新能源汽车产业创新生态系统韧性对企业盈利能力的影响和作用机制。研究发现:新能源汽车产业创新生态系统韧性对企业盈利能力具有显著正向影响。机制分析进一步表明,新能源汽车产业创新生态系统韧性通过提升生产经营效率和企业价值两条路径对企业盈利能力产生积极影响;异质效应分析表明,新能源汽车产业创新生态系统韧性对低研发投入企业的盈利能力的影响比对高研发投入企业的影响更显著,且新能源汽车产业创新生态系统韧性对产业链上游企业影响最显著,产业链中游次之,产业链下游回归结果不显著。应通过打造产学研合作平台、提升企业价值与生产经营效率、助力低研发投入企业及推动产业链协同来增强创新生态系统韧性以提升企业盈利能力。

     

    Abstract: To address the widespread challenge of low profitability in the new energy vehicle (NEV) industry, this study adopts the resilience of innovation ecosystems as a theoretical framework. Based on panel data from 71 publicly listed companies in China’s NEV industry from 2017 to 2023, a fixed-effects model is employed to empirically examine the impact and mechanisms of innovation ecosystem resilience on corporate profitability. The findings reveal that innovation ecosystem resilience significantly enhances corporate profitability. Further mechanism analysis provides compatible evidence for the narrative that this resilience influences profitability through enhancing corporate value and production efficiency. Heterogeneity analysis demonstrates that the positive impact is more pronounced for firms with low R&D intensity than for those with high R&D intensity. Additionally, the effect is most significant for upstream enterprises in the industrial chain, followed by midstream enterprises, while it is statistically insignificant for downstream enterprises. Therefore, it is recommended to enhance the resilience of the innovation ecosystem by establishing industry-university-research collaboration platforms, improving corporate value and production/operational efficiency, supporting low-R&D enterprises, and promoting industrial chain synergy, in order to boost corporate profitability.

     

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