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Can a Fast-Expanding Market Sustain with Supply-Side Government Aid? An Investigation into the Chinese Solar Photovoltaics Industry
Pengji Wang1; Lin Yuan2; Adrian T.H. Kuah1
2017
Source PublicationThunderbird International Business Review
ISSN1096-4762
Volume59Issue:1Pages:103-114
Other Abstract

The solar photovoltaics (PV) industry is a policy-driven business, in that political decisions considerably influence potential market takeoff or decline. This is particularly true for China. Between 2006 and 2010, theannual growth rate of solar panel output approached or exceeded 100%, with suppliers receiving financial aidfrom the government. Despite the prevalence of supply-side aid, its actual impact on the development of this fast-expanding market is debatable. We focus on 249 observations of 75 solar PV companies from 2005 to 2012, and investigate how government aid received in the form of bank loans and direct subsidies by these companies influenced their performance. Our empirical results show that supply-side government aid in China helps improve scale efficiency to a certain extent, but has a limited impact on technology efficiency. We find that supply-side aid leads to diseconomies of scale in the long run and, thus, to low efficiency and profitability. 

DOIhttps://doi.org/10.1002/tie.21771
URLView the original
Indexed By其他
Language英语
WOS Research AreaBusiness & Economics
WOS SubjectBusiness
WOS IDWOS:000392494400011
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF MANAGEMENT AND MARKETING
Faculty of Business Administration
Corresponding AuthorAdrian T.H. Kuah
Affiliation1.James Cook University Australia, Singapore Campus
2.University of Macau
Recommended Citation
GB/T 7714
Pengji Wang,Lin Yuan,Adrian T.H. Kuah. Can a Fast-Expanding Market Sustain with Supply-Side Government Aid? An Investigation into the Chinese Solar Photovoltaics Industry[J]. Thunderbird International Business Review,2017,59(1):103-114.
APA Pengji Wang,Lin Yuan,&Adrian T.H. Kuah.(2017).Can a Fast-Expanding Market Sustain with Supply-Side Government Aid? An Investigation into the Chinese Solar Photovoltaics Industry.Thunderbird International Business Review,59(1),103-114.
MLA Pengji Wang,et al."Can a Fast-Expanding Market Sustain with Supply-Side Government Aid? An Investigation into the Chinese Solar Photovoltaics Industry".Thunderbird International Business Review 59.1(2017):103-114.
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