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NEVs are of strategic importance to a country to cope with environmental degradation and reshape its future industrial layouts. We would like to focus on the relationship between the internal mechanisms of firms in the NEVs industry and the macro-fiscal environment. In this study, we want to know whether industry policy affects cost stickiness by influencing managerial decisions in new energy vehicles (NEVs), whether grant and tax incentives differ in influencing managers' expectations and cost stickiness, and whether managers behave short-termism in asymmetric cost response. First, we identify and collect data on 573 NEVs listed firms from China's A-share market. Following the two-period model of Banker, Byzalov, Ciftci and Mashruwala (2014), we add a new condition of a prior sales decrease to observe changes in cost stickiness and interpret industry policy as the signal managers rely on to adjust resource. Finally, we compare the R&D cost and SG&A cost to see whether there is managerial short-run behavior. Based on these methods, we conclude that in NEVs higher grant and tax incentives trigger more optimistic expectations, and are associated with significantly greater cost stickiness even if prior sales fell. Compared to SG&A cost, we find grant makes R&D cost sticky in the current period when faced with a prior sales decrease, while tax incentives make R&D cost anti-sticky, which may be caused by agency problems. This research further demonstrates the relationship between industry policy and cost stickiness, fills the void in analyzing the specific policy for developing NEVs, and identifies the role of managerial decisions in cost response. Our paper examines the impact of industrial policy on cost stickiness from the perspective of managers' expectations. This enriches the existing research on industrial policy and cost stickiness, which previously focused on the effect of industrial policy on adjusting resources. It also focuses on popular industries to find out the characteristics of NEVs that are more optimistic about industrial policy.

권호기사

권호기사 목록 테이블로 기사명, 저자명, 페이지, 원문, 기사목차 순으로 되어있습니다.
기사명 저자명 페이지 원문 목차
(The) relationship between R&D dynamics, persistence, and information security firm value Kim, Horim, Son, Insoo, Kang, Martin p. 15-20
서비스회복과정에서 서비스 보증의 역할과 고객반응에 관한 연구 = A study on the role and customer response of service guarantee in service recovery process 김혜란, 안미서 p. 69-73
고객가치가 고객만족도에 미치는 영향에 관한 연구 = A study on the impact of customer value on customer satisfaction 김혜란 p. 131-136
노인의료비 감소를 위한 대안으로 제시되는 요양병원에 관한 연구 = A study on nursing hospitals as an alternative for reducing medical expenses for the elderly 김호영, 김동일 p. 21-26
Industry policy and cost stickiness : the case of new energy vehicles in China Zhang, Qian Qian, Kim, Dong Il p. 149-154
How does ambidextrous IT use affect supply chain integration and resilience? Ding, Jiangmin, Lee, Eon-seong p. 55-62
지자체 관광캐릭터 및 관광기념품(굿즈) 개발에 영향을 미치는 결정요인 분석 = Analysis of determinants affecting the development of tourism characters and tourist souvenirs in local governments : focusing on the development of tourism character in Jinju City : 진주시 관광캐릭터 개발을 중심으로 백성우, 김주호 p. 95-101
소매점의 가격할인전략에 따른 소비자의 혜택지각 연구 = A study on consumers' perception of benefits according to retail store's price discount strategy 정겨운, 김영심, 박종철 p. 27-32
경영전략이 ESG와 기업가치와의 관계에 미치는 영향 = The effect of business strategy on the relationship between ESG activities and firm value 윤성용 p. 33-38
큐비즘의 조형성을 활용한 네일아트 디자인에 관한 연구 = A study on nail art design using the plasticity of cubism 주영주 p. 117-122
분노감정이 부정적 욕구의 행동인 E-Commerce 검색량에 미치는 영향 분석 = Analysis of the effect of anger emotion on E-commerce search volume, which is a behavior of negative desire 전진호 p. 155-163
액션러닝을 적용한 수업이 간호대학생의 셀프리더십, 비판적사고능력, 문제해결능력에 미치는 효과 = The effects of action learning on the self-leadership, critical thinking competency, and problem-solving skills of nursing students 남혜리 p. 89-93
필라테스 동작분석을 통한 필라테스 효과에 관한 연구 = A study on Pilates effect through Pilates motion analysis 두영택 p. 63-68
액티브 시니어를 위한 패션 및 생활문화 플랫폼 연구 = A study on fashion and life culture contents platform for active seniors 이현영 p. 47-53
산초 종피 추출물의 이너뷰티 소재를 위한 효능 평가 = Efficacy evaluation of Zanthoxylum schnifolium seed coat extract for inner beauty materials 임도연 p. 143-147
일본 OTT 플랫폼 산업 연구 = A study on the Japanese OTT platform industry : focusing on TVer : TVer를 중심으로 김현희 p. 1-8
사회과학 분야의 ESG 연구 동향 = Research trends in ESG in the social sciences : focusing on co-occurrence network analysis : 동시출현 네트워크 분석을 중심으로 송진호, 양창훈 p. 173-181
수상스포츠 서비스 가치 및 관계품질이 충성도에 미치는 영향 = The effect of service value of water sport and relationship quality on loyalty 황인선, 오중일, 김규호 p. 103-109
헤어미용인의 적응 유연성이 직무몰입과 직무만족도에 미치는 영향 = The flexibility of adaptation of hairdressers impact on job commitment and job satisfaction 박장순 p. 111-115
공연계열 대학생의 창업요인과 창업의지와의 관계에 대한실증 연구 = An empirical study on the relationship between entrepreneurship factors and start-up willing of performing students : based on regulation effect of self efficacy : 자기효능감의 조절효과를 중심으로 송진화, 이동수 p. 137-142
최적 운송물량 분할방식의 수송경로에 따른 운송비용 최적해법 = Optimal solution for transportation cost based on the optimal quantity division method and transportation routes 이원동, 이재은 p. 9-13
(A) study on the influence of financial literacy and psychological factors on financial product investment attitude Cho, Seungho, Chung, Jay M p. 39-46
간호대학생의 환자안전관리활동 영향요인 = Factors influencing patient safety management activities of nursing students 오혜지, 엄미란 p. 81-88
대학에서의 경제교양교육이 소비자기능과 자아효능감에 미치는 영향 연구 = The effects of general economics education in college on consumer function and self-efficacy : a study comparing before and after education : 수강 이전과 이후의 비교를 중심으로 이은정, 김주호 p. 123-129
학교·지역사회 협력기반 인성교육프로그램 개발을 위한 기초 연구 = A basic research for developing character education program based on partnership and cooperation between schools and local communities 박명우, 이혜경, 정은상 p. 165-172
아동청소년간호학 수업에서 액션러닝이 문제해결력과 지속적 참여의지에 미치는 영향 = Action learning classes in children and adolescents effect on problem-solving ability and willingness to participate continuously 김효연 p. 75-80