{"title":"AI technology, AI narrative, and firm value","authors":"Xiaoqiang Xing, Zhu Zhang, Weixuan He","doi":"10.1016/j.technovation.2025.103349","DOIUrl":null,"url":null,"abstract":"<div><div>Artificial Intelligence (AI) offers firms an effective approach to enhance competitive advantage and firm value in the digital economy. Drawing on the resource-based view (RBV) and sensegiving theory, this study examines the relationships among AI technology, AI narrative, and firm value. Results show that both AI technology and AI narrative positively affect firm value. Firms that engage in AI-related innovation and effectively communicate their AI initiatives tend to be more highly valued by stakeholders. Moreover, managerial ability strengthens the effect of AI technology on firm value, whereas a strong reputation amplifies the effect of AI narrative. These findings advance the understanding of AI's role in shaping firm value and contribute to the development of the RBV and sensegiving theory.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"149 ","pages":"Article 103349"},"PeriodicalIF":10.9000,"publicationDate":"2025-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technovation","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0166497225001816","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}
引用次数: 0
Abstract
Artificial Intelligence (AI) offers firms an effective approach to enhance competitive advantage and firm value in the digital economy. Drawing on the resource-based view (RBV) and sensegiving theory, this study examines the relationships among AI technology, AI narrative, and firm value. Results show that both AI technology and AI narrative positively affect firm value. Firms that engage in AI-related innovation and effectively communicate their AI initiatives tend to be more highly valued by stakeholders. Moreover, managerial ability strengthens the effect of AI technology on firm value, whereas a strong reputation amplifies the effect of AI narrative. These findings advance the understanding of AI's role in shaping firm value and contribute to the development of the RBV and sensegiving theory.
期刊介绍:
The interdisciplinary journal Technovation covers various aspects of technological innovation, exploring processes, products, and social impacts. It examines innovation in both process and product realms, including social innovations like regulatory frameworks and non-economic benefits. Topics range from emerging trends and capital for development to managing technology-intensive ventures and innovation in organizations of different sizes. It also discusses organizational structures, investment strategies for science and technology enterprises, and the roles of technological innovators. Additionally, it addresses technology transfer between developing countries and innovation across enterprise, political, and economic systems.