机器人采用与企业供应链效率：来自中国的证据

IF 5.3 2区经济学 Q1 BUSINESS, FINANCE

Pacific-Basin Finance Journal Pub Date : 2025-10-02 DOI:10.1016/j.pacfin.2025.102958

Chongchong Xu , Anna Min Du , Boqiang Lin

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引用次数: 0

摘要

在全球气候政策转变的背景下，提高供应链效率已成为可再生能源制造商实现财务回报最大化、培育可持续竞争优势的重要渠道。尽管关于制造业自动化的文献越来越多，但关于机器人的采用是否会影响这个具有重要战略意义的行业的供应链效率的实证证据有限。本研究利用中国可再生能源制造业的微观数据，采用双向固定效应模型来考察机器人对企业供应链效率的影响及其机制。研究结果表明：(1)机器人的采用显著提高了可再生能源制造企业的供应链效率；(2)库存管理优化、技术进步和交易成本降低是主要机制；(3)在大型企业、出口导向型企业和市场化程度较高的地区，采用机器人对供应链效率的积极影响更为明显。这些发现强调了自动化投资在提高运营效率和价值链绩效方面的财务潜力。最后，本文提出了有针对性的政策建议，以支持供应链优化和指导可再生能源领域的智能制造投资决策。

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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Robot adoption and corporate supply chain efficiency: Evidence from China

Amid global climate policy shifts, enhancing supply chain efficiency has become a vital channel for renewable energy manufacturers to maximize financial returns and cultivate sustainable competitive advantages. Despite growing literature on manufacturing automation, limited empirical evidence exists on whether robot adoption affects supply chain efficiency in this strategically important sector. Leveraging micro-level data from China's renewable energy manufacturing industry, this study employs a two-way fixed effects model to examine the impact and mechanisms of robot adoption on corporate supply chain efficiency. The findings reveal that: (1) robot adoption significantly enhances supply chain efficiency in renewable energy manufacturing enterprises; (2) inventory management optimization, technological advancements, and transaction cost reduction serve as the primary mechanisms; (3) the positive effects of robot adoption on supply chain efficiency are more pronounced in large-scale enterprises, export-oriented enterprises, and those located in regions with higher levels of marketization. These findings underscore the financial potential of automation investment in improving operational efficiency and value chain performance. Finally, this paper concludes with targeted policy recommendations to support supply chain optimization and guide smart manufacturing investment decisions in the renewable energy sector.

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来源期刊

Pacific-Basin Finance Journal BUSINESS, FINANCE-

CiteScore

6.80

自引率

6.50%

发文量

157

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.