Does Intelligent Manufacturing Promote Green Total Factor Productivity of Enterprises?——Research Based on Intelligent Manufacturing Demonstration Site Enterprises
Based on China's intelligent manufacturing demonstration project as the natural experiment,this paper manu-ally collected and sorted out the annual data of whether listed companies implement intelligent manufacturing from 2015 to 2022,and investigated the implementation effect of intelligent manufacturing from the perspective of enterprise green total factor productivity.The study found that intelligent manufacturing can significantly improve the green total factor produc-tivity of enterprises.The mechanism test shows that the influence can be exerted through two channels of promoting enter-prises'green technology innovation and optimizing human capital structure.The heterogeneity test shows that the influ-ence is heterogeneous among firm size attributes,property rights attributes,industry attributes and regional attributes.The expansion test found that the implementation of intelligent manufacturing has a long-term value effect,which can en-hance the value of the enterprise in the current and future periods.
intelligent manufacturinggreen total factor productivitygreen technology innovationhuman capital struc-turevalue effect