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| Does Intelligent Manufacturing Improve Enterprises' Investment in Technological Innovation：Quasi-natural Experiment Based on Intelligent Manufacturing Pilot |
| Zhang Shushan,Hu Huaguang,Sun Lei |
| (School of Economics and Management, Northeast Normal University, Changchun 130117, China) |
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Abstract Intelligent manufacturing is the main direction of China's manufacturing transformation and upgrading, and how to accurately and objectively evaluate theimplementation effect of intelligent manufacturing has become an urgent problem to be solved. In this paper, from the perspective of technological innovation investment, the implementation of intelligent manufacturing pilot policy is regarded as a quasi-natural experiment. Based on the panel data of listed manufacturing enterprises from 2011 to 2019, the influence of intelligent manufacturing on technological innovation investment of enterprises is studied by PSM-DID method. The results show that intelligent manufacturing significantly improves the technological innovation investment of enterprises, and the robustness of this conclusion is verified by a series of methods. Intelligent manufacturing improves the technological innovation investment of enterprises by enhancing the integration of customers and suppliers. Heterogeneity research shows that the promotion of intelligent manufacturing to technological innovation investment is only verified in private enterprises and non-high-tech industries. This research expands the extension of existing research, and provides important practical value for solving the current international dilemma and the continuous promotion of intelligent manufacturing.
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Received: 09 January 2021
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