Robot adoption and enterprise technological innovation: Evidence from Chinese manufacturing listed companies

被引：0
|
作者：
Du S. [1 ,2 ]
Li Z. [3 ]
Ma L. [4 ,5 ]
机构：
[1] International School of Business & Finance, Sun Yat-sen University, Zhuhai
[2] Advanced Institute of Finance, Sun Yat-sen University, Guangzhou
[3] Business School, Soochow University, Suzhou
[4] China Academy of Corporate Governance, Nankai University, Tianjin
[5] Business School, Nankai University, Tianjin
来源：
Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice | 2024年 / 44卷 / 02期
关键词：
enterprise technological innovation; governance effect; human effect; robot adoption;
D O I：
10.12011/SETP2023-0333
中图分类号：
学科分类号：
摘要：
Based on the realistic background of the increasing popularity of robot adoption and the vigorous implementation of innovation and development strategy in China, this paper discusses the impact of robot adoption on the technological innovation of manufacturing enterprises. It is found that robot adoption can significantly promote enterprise technological innovation, and its mechanism is that robot adoption improves enterprise technological innovation by governance effect and human effect. For non-high-tech enterprises, and enterprises located in areas with imperfect institutional environment, robot adoption plays a more significant role in improving enterprise technological innovation. In-depth research on the mechanism of human effect shows that robot adoption, labor demand and labor structure help enterprises to help enterprises improve technological innovation by playing a “dual complementary role”. Finally, based on the heterogeneity test of enterprise technological innovation, it is found that robot adoption plays a more significant role in promoting exploratory technological innovation than explorative technological innovation. This study provides a decision-making reference for China to promote the robot industry to better serve the high-quality economic development. © 2024 Systems Engineering Society of China. All rights reserved.
引用
收藏
页码：485 / 502
页数：17
相关论文
共 62 条
  • [1] Li X, Zheng X, Zhang J Q., Will performance dilemma of manufacturing companies promote corporate innovation — An analysis based on the dimension expansion of negative attainment discrepancy[J], China Industrial Economics, 8, pp. 174-192, (2018)
  • [2] Chen C, Chen Y, Hsu P H, Et al., Be nice to your innovators: Employee treatment and corporate innovation performance[J], Journal of Corporate Finance, 39, pp. 78-98, (2016)
  • [3] Meng Q B, Li X Y, Zhang P., Can employee stock ownership plan promote corporate innovation? Empirical evidence from the perspective of employees[J], Management World, 35, 11, pp. 209-228, (2019)
  • [4] He J J, Tian X., The dark side of analyst coverage: The case of innovation[J], Journal of Financial Economics, 109, 3, pp. 856-878, (2013)
  • [5] Hao J, He F, Wang B W., CEO Overconfidence and firm’s R&D investment — Evidence from firm financialization[J], Systems Engineering — Theory & Practice, 43, 3, pp. 725-739, (2023)
  • [6] Chang X, Fu K, Low A, Et al., Non-executive employee stock options and corporate innovation[J], Journal of Financial Economics, 115, 1, pp. 168-188, (2015)
  • [7] Li J Q, Gao X, Zhao X L., Minimum wage and corporate innovation[J], Journal of Financial Research, 12, pp. 132-150, (2020)
  • [8] Bradley D, Kim I, Tian X., Do unions affect innovation?[J], Management Science, 63, 7, pp. 2251-2271, (2013)
  • [9] Liu J, Liu T X, Xie K., Can robots alleviate China’s labor shortage due to population aging[J], Finance & Trade Economics, 42, 8, pp. 145-160, (2021)
  • [10] Acemoglu D, Restrepo P., Robots and jobs: Evidence from US labor markets[J], Journal of Political Economy, 128, 6, pp. 2188-2244, (2020)
1234567