Figure 1.
The conceptual model presents government subsidy policies, financing constraints, resource properties, signal properties, environmental regulation and energy transition resilience. Government subsidy policies connect directly to financing constraints. Financing constraints then connect directly to energy transition resilience. Government subsidy policies also connect directly to energy transition resilience through H 1. Resource properties and signal properties jointly connect to financing constraints through H 2. Environmental regulation connects to the direct path from government subsidy policies to energy transition resilience through H 3. A plus symbol and a minus symbol appear beside H 3, indicating positive and negative forms of this moderating relationship.Theoretical analytical framework