Impact of Internet Technology Application on Survival Risk of Manufacturing Enterprises
With the advent of Internet technology,the manufacturing industry is in a critical period of accelerating the transformation to the Internet,and Internet technology has become a core force underlying the survival and development of enterprises.This paper is based on a large sample of micro data generated by matching industrial enterprise databases and customs databases.Firstly,a KM survival anal-ysis finds that the average survival time of Internet-based companies is 3.13 years,the average survival time of non-Internet-based com-panies is 2.72 years,and the proportion of the former in 4~6 years and more than 7 years survival time group is significantly higher than that of the latter.Secondly,an empirical analysis based on propensity score matching method(PSM),Cox survival analysis model and Oaxaca-RIF decomposition model reaches the following conclusions.(1)Internet technology can significantly reduce the survival risk of manufacturing enterprises.A heterogeneity test shows that Internet technology has a greater effect in reducing the survival risk of state-owned enterprises,medium-sized enterprises,non-export enterprises,enterprises in the central region,and labor-intensive enterprises.(2)Through an analysis of the gap contribution of the survival time of enterprises,it is found that,regardless of the characteristic effect or the coefficient effect,Internet technology has a greater impact on high-quantile enterprises.From the perspective of the overall survival time distribution,the application of Internet technology by enterprises can eliminate the impact of differences in survival time in different regions to a certain extent.The research conclusions of this paper provide an important theoretical reference basis for manufacturing enter-prises to survive and develop by taking advantage of Internet.
Internet technologyenterprise survivalPSMCox survival analysisOaxaca-RIF decomposition