The Impact of Artificial Intelligence on the Quality of Scientific and Technological Innovation:Based on the Evidence of China's A-share Listed Companies
The development and application of artificial intelligence have created the possibility for China to transform the situation of"high quantity but low quality"in technological innovation.To this end,this paper conducts verification using the data of listed companies in China's A-share market.The research results indicate that artificial intelligence is conducive to enhancing the quality of technological innovation.Even after using alternative variables and instrumental variables,this conclusion remains robust.The mechanism analysis reveals that the influence of artificial intelligence on the quality of technological innovation is transmitted through the scale effect and the structural effect:the former means that artificial intelligence is beneficial for enterprises to increase the scale of output and Research and Development investment;the latter implies that artificial intelligence helps enterprises optimize the factor structure and the staff structure.The heterogeneity analysis discovers that the positive impact of artificial intelligence on the quality of technological innovation is particularly prominent in non-state-owned enterprises,non-high-tech enterprises,and medium and large-sized enterprises.This implies that promoting the application of artificial intelligence in these enterprises will result in excellent innovation performance.The threshold model analysis finds that the facilitating effect of artificial intelligence on the quality of technological innovation decreases marginally.In other words,the application of artificial intelligence by enterprises is not the more the better,but there may be a reasonable range.