{"title":"Intelligent manufacturing and post-pandemic growth: Evidence from China","authors":"Yuchen Wang , Jianjun Yin , Wenlian Gao","doi":"10.1016/j.pacfin.2025.102752","DOIUrl":null,"url":null,"abstract":"<div><div>This study explores the influence of intelligent manufacturing on the growth potential of enterprises in the post-pandemic era, specifically within the context of the COVID-19 pandemic in China. Our analysis indicates that enterprises equipped with advanced intelligent manufacturing capabilities exhibit enhanced growth capacity once pandemic restrictions are lifted. This positive correlation is largely attributed to their capacity for innovation as well as effective utilization of government subsidies. Notably, the beneficial effects of intelligent manufacturing are most pronounced among smaller, non-state-owned enterprises, as well as those with substantial cash reserves. These findings offer a fresh perspective on enterprise resilience and growth in the aftermath of a public health crisis, highlighting the critical role of intelligent manufacturing in facilitating economic recovery and shaping the future trajectory of businesses.</div></div>","PeriodicalId":48074,"journal":{"name":"Pacific-Basin Finance Journal","volume":"91 ","pages":"Article 102752"},"PeriodicalIF":4.8000,"publicationDate":"2025-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Pacific-Basin Finance Journal","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0927538X25000897","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study explores the influence of intelligent manufacturing on the growth potential of enterprises in the post-pandemic era, specifically within the context of the COVID-19 pandemic in China. Our analysis indicates that enterprises equipped with advanced intelligent manufacturing capabilities exhibit enhanced growth capacity once pandemic restrictions are lifted. This positive correlation is largely attributed to their capacity for innovation as well as effective utilization of government subsidies. Notably, the beneficial effects of intelligent manufacturing are most pronounced among smaller, non-state-owned enterprises, as well as those with substantial cash reserves. These findings offer a fresh perspective on enterprise resilience and growth in the aftermath of a public health crisis, highlighting the critical role of intelligent manufacturing in facilitating economic recovery and shaping the future trajectory of businesses.
期刊介绍:
The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.