Artificial intelligence and firm resilience:Evidence from industrial robot applications
The vigorous development of artificial intelligence(AI)is a key initiative to drive technological innovation,achieve industrial upgrading,and enhance the resilience of the Chinese economy.As one of the important applications of AI,industrial robots have transformed the production modes of traditional manufacturing industries by leveraging digital technologies and big data algorithms.Based on data from Chinese listed manufacturing companies on the A-share market between 2012 and 2019,this study explores the impact of industrial robot applications on the resilience of Chinese manufacturing firms.The research findings demonstrate that indus-trial robot applications significantly enhance firm resilience,which remains robust after a series of robustness tests.Mechanism analysis reveals that industrial robot applications enhance firm resilience through two mechanisms:Improving labor productivity and promoting technological innovation.Heterogeneity analysis indicates that the positive impact of industrial robot appli-cations on firm resilience is more pronounced in non-state-owned enterprises,firms with high technological compatibility,firms with high product technological complexity and regions with higher levels of marketization.This study adds new evidence to the study of the economic con-sequences of artificial intelligence and expands the literature on the influencing factors of firm resilience.This study also provides theoretical support and policy insights for enhancing firm resilience through artificial intelligence,thereby enhancing the resilience of the Chinese economy.