Does a firm's intelligent technological transformation matter for its access to financial resources?

IF 4.2 2区经济学 Q1 ECONOMICS

Economic Modelling Pub Date : 2025-04-04 DOI:10.1016/j.econmod.2025.107100

Kuo Zhou , Zhi Qu , Yiman Guo , Runnian Hu

引用次数: 0

Abstract

We investigate the impact of firms' intelligent technological transformation on their access to financial resources. The existing literature has mostly focused on the effect of external finance on firms' entrepreneurship, productivity, and artificial intelligence; however, research assessing how intelligent technological transformation affects their access to financial resources remains limited. Using China's Smart Manufacturing Pilot Program since 2015, we employ the difference-in-differences model to examine the beneficial effect of intelligent technological transformation on access to bank loans. The findings and results of the channel analysis reveal that firms with intelligent technological transformation have more reputation, strong competitive capabilities, and better access to bank loans.

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企业的智能技术转型对其获得财务资源有影响吗？

我们研究了企业智能技术改造对其获得金融资源的影响。现有文献主要关注外部融资对企业创业精神、生产率和人工智能的影响；然而，评估智能技术转型如何影响他们获得金融资源的研究仍然有限。以2015年以来的中国智能制造试点项目为例，我们采用差异中差异模型考察了智能技术改造对银行贷款获取的有利影响。渠道分析的发现和结果表明，进行智能技术改造的企业具有更高的声誉，更强的竞争能力，更容易获得银行贷款。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Modelling ECONOMICS-

CiteScore

8.00

自引率

10.60%

发文量

295

期刊介绍： Economic Modelling fills a major gap in the economics literature, providing a single source of both theoretical and applied papers on economic modelling. The journal prime objective is to provide an international review of the state-of-the-art in economic modelling. Economic Modelling publishes the complete versions of many large-scale models of industrially advanced economies which have been developed for policy analysis. Examples are the Bank of England Model and the US Federal Reserve Board Model which had hitherto been unpublished. As individual models are revised and updated, the journal publishes subsequent papers dealing with these revisions, so keeping its readers as up to date as possible.