Research Article
How the Degree of Artificial Intelligence in Companies in the Digital Economy Affects Corporation Value -- Based on Data From Listed Manufacturing Companies
@INPROCEEDINGS{10.4108/eai.23-2-2024.2345933, author={Yihan Wang}, title={How the Degree of Artificial Intelligence in Companies in the Digital Economy Affects Corporation Value -- Based on Data From Listed Manufacturing Companies}, proceedings={Proceedings of the 4th International Conference on Informatization Economic Development and Management, IEDM 2024, February 23--25, 2024, Kuala Lumpur, Malaysia}, publisher={EAI}, proceedings_a={IEDM}, year={2024}, month={5}, keywords={artificial intelligence long-term enterprise value machine learning text analysis}, doi={10.4108/eai.23-2-2024.2345933} }- Yihan Wang
Year: 2024
How the Degree of Artificial Intelligence in Companies in the Digital Economy Affects Corporation Value -- Based on Data From Listed Manufacturing Companies
IEDM
EAI
DOI: 10.4108/eai.23-2-2024.2345933
Abstract
Artificial intelligence technology has the potential to significantly affect the growth and development of businesses as it is the primary technological force behind the digital economy era and the new round of scientific and technological revolution. This study uses machine learning to choose the text of the annual reports of China's listed manufacturing firms, builds an index of the level of enterprise AI adoption, and assesses how it affects the value of manufacturing enterprises. It has been discovered that the use of artificial intelligence technology can greatly increase an enterprise's worth; nevertheless, the result also reveals a clear heterogeneity among firms with various ownership qualities. This essay offers proposals for the creation and use of future artificial intelligence-related policies supported by empirical facts and how enterprises should integrate into the artificial intelligence era.