Rivaling reinforcement and resource reallocation: How do industrial robots enhance company’s innovation?
摘要
The question of how automation technologies promote company innovation remains unresolved. This study investigates the mechanisms through which industrial robots (IBs) impact company innovation, using data from Chinese listed manufacturing enterprises between 2011 and 2019. We found that that IBs significantly boost company’s innovation activities by optimizing competitiveness and resource allocation. Specifically, IBs improve cost control, profitability, market share, and productivity while reducing operational risks. Consequently, firms that adopt IBs invest more in innovation labor and financial resources, particularly in optimizing human and capital resources. Compared to strategic innovation, IBs more effectively promote exploratory innovation, through efficient production solutions and technological integration. Additionally, state-owned enterprises (SOEs) benefit more from IBs in terms of innovation, which provides easier access to policy support and financial subsidies than private companies. Based on these findings, we propose several policy recommendations for both the government and companies.