How will different types of industry policies and their mixes affect the innovation performance of wind power enterprises? Based on dual perspectives of regional innovation environment and enterprise ownership.

Evaluating the effectiveness and functional boundary of different types of industry policies and their mixes on the innovation performance of wind power enterprises (WPEs) is an important but unresolved key issue. This study, based on dual perspectives of regional innovation environment and enterprise ownership, empirically examines the impacts of different types of industry policies and their mixes on enterprise innovation. The results show that different types of policies have significantly different effects on innovation performance of WPEs; policy mixes have a significant synergy but may not be fully effective, and environmental-side policy and demand-side policy mixes still show significant inhibition. Taking into account boundary conditions, this study finds that policy mixes are implemented better in regions with weak innovation environments, especially in terms of the innovation performance of private-owned WPEs in the region. However, there is no significant impact for WPEs located in regions with strong innovation environments and state-owned enterprises in regions with weak innovation environments. This study expands an understanding of external boundaries for the effective implementation of different industry policies and their mixes, and has important implications for China in improving the applicability and matching ability of policies in the wind power industry.

Research on wind power industrial policies' functional mechanism to the quality of enterprise innovation.

The transmission effect of industrial policies on the quality of innovation of micro-enterprises is a central concern that attracts current academics and policy makers. Using the 2004-2019 data of A-shares of listed companies in Shanghai and Shenzhen, as well as the policies issued by Chinese ministries and departments at the ministry level and above, this paper empirically investigates the impact and mechanism of industrial policies on the innovation quality of wind power companies. The research results demonstrate that policies all play a significant role in promoting the quality of enterprise innovation of wind power. The intermediary role of credit financing of enterprises between different types of industrial guidelines and the quality of corporate innovation is different. Executive equity incentives positively moderate the relationship between different types of industrial policies and corporate credit financing and effectively weaken the adverse effects of regulatory policies, and it can also significantly enhance the role of policies in promoting the quality of corporate innovation. Finally, this paper gives targeted policy recommendations for the development of new energy industry innovation in China and similar countries and regions from the perspective of government and enterprise.