Can Artificial Intelligence Enhance Firm Value?
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i3.4026
Abstract
The rapid development of artificial intelligence technology has provided enterprises with new growth momentum, facilitating the transformation and upgrading of China's domestic economy. Against this backdrop, this study empirically examines the impact of artificial intelligence patent applications on corporate value using a sample of A-share listed companies in China from 2012 to 2022. The key findings are as follows. First, artificial intelligence patent technologies significantly enhance corporate value, a conclusion that remains robust after a series of rigorous tests. Second, state-owned enterprises experience a more pronounced positive effect from artificial intelligence patent applications on corporate value compared to non-state-owned enterprises. Third, regional heterogeneity analysis reveals that the value-enhancing effect of artificial intelligence patents is statistically significant in eastern regions but insignificant in central and western regions. By exploring the relationship between artificial intelligence patent technologies and corporate value, this research contributes to the expanding literature on artificial intelligence and provides empirical evidence to support the advancement of AI-driven economic growth and high-quality enterprise development in China.
Keywords
Artificial intelligence; Patented technology; Company value
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[5]Li, W. and Li,N.(2024). Green Technology Innovation, Intelligent Transformation and Manufacturing Companies’ Environmental Performance: Empirical Research Based on Threshold Effect.[J]. Management Review,35(11),90-101.
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