2026-09-20T14:08:44Zhttps://ecommons.cornell.edu/server/oai/requestoai:ecommons.cornell.edu:1813/1158672026-05-15T19:41:58Zcom_1813_35col_1813_47
Wang, Yuerong
Li, Shanjun
Turvey, Calum
2024-11-05T19:42:57Z
2024-11-05T19:42:57Z
2024-05
ProQuest Submission ID: 12061
ProQuest Publication ID: 31240665
https://hdl.handle.net/1813/115867
https://doi.org/10.7298/tzvm-3n85
16575648
59 pages
This study employs a DID methodology to estimate the effect of China’s whitelist policy for battery industry, both on firm stock prices and firm performance. The results imply that the policy has some significant positive effects on stock prices. According to the results of the Dynamic Average Treatment Effect and the Group Average Treatment Effect, the whitelist policy has had a significant positive im- pact on the stock prices of the firms listed during the [-30,30] and [-50,50] event window periods, as well as in the second and fourth batches. The non-significant effect observed in the first batch may be due to market expectations. Then the study further investigates the policy’s effect on the firm performance and observes a reduction in revenue for Japanese and Korean battery suppliers, attributable to their exclusion from the Chinese market. This exclusion aimed to enhance the market share of domestic battery suppliers, but the policy implications are nu- anced. While it potentially boosts local industry market share, it also appears to dampen technological innovation due to reduced competition. The findings con- tribute to understanding the market dynamics and investor behavior in response to government policy interventions in the electric vehicle battery sector.
en
Attribution-NonCommercial-ShareAlike 4.0 International
https://creativecommons.org/licenses/by-nc-sa/4.0/
THE IMPACTS OF CHINA’S WHITELIST POLICY ON THE ELECTRIC VEHICLE BATTERY
dissertation or thesis
https://newcatalog.library.cornell.edu/catalog/16575648
application/pdf
Applied Economics and Management
Cornell University
Master of Science
M.S., Applied Economics and Management
https://hdl.handle.net/1813/59810.2
Publication
Cornell Theses and Dissertations
Wang, Yuerong
5893a6ea-7af3-41d7-abc6-04bcd26ab5df
open.access
open.access
<Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="0ce7ce4d-2c5c-47a4-812b-a1543b65dbea">
<Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type>
<Language>en</Language>
<Title>THE IMPACTS OF CHINA’S WHITELIST POLICY ON THE ELECTRIC VEHICLE BATTERY</Title>
<PublishedIn>
<Publication>
</Publication>
</PublishedIn>
<PublicationDate>2024-05</PublicationDate>
<DOI>https://doi.org/10.7298/tzvm-3n85</DOI>
<Authors>
<Author>
<DisplayName>Wang, Yuerong</DisplayName>
<Affiliation>
<OrgUnit>
</OrgUnit>
</Affiliation>
</Author>
</Authors>
<Editors>
</Editors>
<Publishers>
<Publisher>
<OrgUnit />
</Publisher>
</Publishers>
<License>https://creativecommons.org/licenses/by-nc-sa/4.0/</License>
<Abstract>This study employs a DID methodology to estimate the effect of China’s whitelist policy for battery industry, both on firm stock prices and firm performance. The results imply that the policy has some significant positive effects on stock prices. According to the results of the Dynamic Average Treatment Effect and the Group Average Treatment Effect, the whitelist policy has had a significant positive im- pact on the stock prices of the firms listed during the [-30,30] and [-50,50] event window periods, as well as in the second and fourth batches. The non-significant effect observed in the first batch may be due to market expectations. Then the study further investigates the policy’s effect on the firm performance and observes a reduction in revenue for Japanese and Korean battery suppliers, attributable to their exclusion from the Chinese market. This exclusion aimed to enhance the market share of domestic battery suppliers, but the policy implications are nu- anced. While it potentially boosts local industry market share, it also appears to dampen technological innovation due to reduced competition. The findings con- tribute to understanding the market dynamics and investor behavior in response to government policy interventions in the electric vehicle battery sector.</Abstract>
<Access xmlns="http://purl.org/coar/access_right"
>
</Access>
</Publication>