The Impact of Intelligent Manufacturing on Company Investment Efficiency
DOI:
https://doi.org/10.54097/hbem.v9i.9243Keywords:
Intelligent Manufacturing; Investment Efficiency; Double Differencing; Manufacturing Technology Upgrading.Abstract
Manufacturing technological advancements have had a significant impact on corporate operations and development in today's highly digital economy. This paper develops a double difference model using sample data from all A-share listed companies in China from 2010 to 2019, as well as a quasi-natural experiment on the promotion of intelligent manufacturing demonstration projects in China, to investigate the impact that implementing intelligent manufacturing policies can have on the efficiency of corporate investment. According to the report, implementing intelligent manufacturing can boost firm investment efficiency. Through effective corporate internal control, the mechanism analysis discovered that intelligent manufacturing can play a negative buffering role in enhancing corporate investment efficiency.
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