人工智能已逐步成为引领科技革命、推动产业变革的战略性支柱技术.尽管基于实物期权理论,人工智能战略可视为一项能为企业带来价值的成长性期权,但部分企业却终止人工智能战略,进而影响新质生产力发展.本文选取中国沪深 A 股上市公司作为研究样本,运用多时点双重差分模型进行实证分析.研究结果发现,人工智能战略退出显著抑制企业新质生产力发展,对于人工智能技术累积水平和数据要素利用水平高的企业,该抑制作用更强.机制分析显示,企业的吸收能力、适应能力、整体动态能力以及资源配置效率在人工智能战略退出抑制企业新质生产力的过程中发挥中介作用.拓展性分析表明,正式制度因素中创新补助缓解人工智能战略退出的抑制作用,而政府补助则放大该抑制作用;非正式制度因素中儒家文化和红色文化缓解人工智能战略退出的抑制作用,而合作文化和竞争文化则放大该抑制作用.本文揭示了企业人工智能战略退出对新质生产力的抑制作用,为企业战略规划和政府政策制定提供实践启示.
Does the Exit of Corporate Artificial Intelligence Strategy Suppress New Quality Productive Forces?An Empirical Study Based on PSM-Staggered DID
Artificial Intelligence has gradually become a strategic pillar technology leading the technological revolution and driving industrial change.Although AI strategy can be regarded as a growth option that can bring value to enterprises based on the real option theory,some enterprises terminate their AI strategy,which in turn affects the development of new quality productive forces.This paper selects Chinese A-share listed companies in Shanghai and Shenzhen as the research sample and empirically analyzes them using a multi-temporal double-difference model.The study finds that AI strategy exit significantly in-hibits firms'new quality productive forces development;the inhibition is stronger for firms with high levels of AI technology ac-cumulation and data factor utilization.Mechanism analysis shows that the absorptive capacity,adaptive capacity,overall dy-namic capacity,and resource allocation efficiency of enterprises play a mediating role in the process of AI strategic exit inhibi-ting enterprises'new quality productive forces.Expansiveness analysis shows that innovation subsidies mitigate the inhibitory effect and government subsidies amplify the inhibitory effect in formal institutional factors,while Confucian culture and red cul-ture mitigate the inhibitory effect and cooperative culture and competitive culture amplify the inhibitory effect in informal insti-tutional factors.This paper reveals the inhibitory effect of corporate AI strategic exit on new quality productive forces,provi-ding practical insights for corporate strategic planning and government policy making.
New Quality Productive ForcesArtificial IntelligenceCorporate StrategyDynamic CapabilitiesResource Allocation Efficiency
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