Proceedings of the 2023 3rd International Conference on Public Management and Intelligent Society (PMIS 2023)

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Research on the Path to Improve the Financial Performance of New Energy Listed Companies Based on Configuration Perspective

Authors
Xianyun Wu1, *, Chunhua Lv1, Dekuan Liu1
1Dalian Polytechnic University, Dalian, Liaoning, China
*Corresponding author. Email: wuxianyun@dlpu.edu.cn
Corresponding Author
Xianyun Wu
Available Online 26 July 2023.
DOI
10.2991/978-94-6463-200-2_105How to use a DOI?
Keywords
Economic policy uncertainty; corporate social responsibility; R&D investment; equity structure; firm performance; fuzzy set qualitative comparative analysis
Abstract

Green development is the basic concept of China's economic development at this stage, and under the double pressure of resource crisis and environmental crisis, green development has put forward higher requirements for the development of new energy industry. This study selects a sample of 456 cases from Chinese listed companies in the new energy industry from 2013 to 2021 in the RESSET database, and uses the Fuzzy-set Qualitative Comparative Analysis (fsQCA) to investigate the effects of macroeconomic policy uncertainty, corporate social responsibility, R&D investment and The fuzzy-set qualitative comparative analysis was applied to analyze the mixed effects of macroeconomic policy uncertainty, corporate social responsibility, R&D investment and shareholding structure on corporate performance, and six high performance antecedents were identified. The results show that: (1) CSR positively affects firm performance. (2) Under low economic policy uncertainty, higher equity balance improves corporate performance; under high economic policy uncertainty, higher equity concentration improves corporate performance; (3) R&D investment has a 2-year lag effect on corporate performance.

Copyright
© 2023 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 2023 3rd International Conference on Public Management and Intelligent Society (PMIS 2023)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
26 July 2023
ISBN
978-94-6463-200-2
ISSN
2589-4919
DOI
10.2991/978-94-6463-200-2_105How to use a DOI?
Copyright
© 2023 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  - Xianyun Wu
AU  - Chunhua Lv
AU  - Dekuan Liu
PY  - 2023
DA  - 2023/07/26
TI  - Research on the Path to Improve the Financial Performance of New Energy Listed Companies Based on Configuration Perspective
BT  - Proceedings of the 2023 3rd International Conference on Public Management and Intelligent Society (PMIS 2023)
PB  - Atlantis Press
SP  - 1000
EP  - 1009
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-200-2_105
DO  - 10.2991/978-94-6463-200-2_105
ID  - Wu2023
ER  -