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Can Artificial Intelligence Improve Firms’ Competitiveness during the COVID-19 Pandemic: International Evidence

Author

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  • Da Xu
  • Ye Guo
  • Mengqi Huang

Abstract

We conduct a textual analysis of 0.9 million product announcements to examine how artificial intelligence (AI) is reshaping market competition during the COVID-19 pandemic. We find that the revenues for firms that were engaged in AI before the pandemic increased faster in 2020. This effect is potentially due to the increased human digital footprint and is stronger in developing countries and countries with better property rights protection. Overall, our study has implications for practitioners and policymakers about the benefits of applying AI and cautions against blindly pursuing AI without considering national backgrounds.

Suggested Citation

  • Da Xu & Ye Guo & Mengqi Huang, 2021. "Can Artificial Intelligence Improve Firms’ Competitiveness during the COVID-19 Pandemic: International Evidence," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(10), pages 2812-2825, August.
    • Handle: RePEc:mes:emfitr:v:57:y:2021:i:10:p:2812-2825
    DOI: 10.1080/1540496X.2021.1899911
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    Cited by:

    1. Yang, Siying & Wang, Wenzhi & Ding, Tao, 2023. "Intelligent transformation and sustainable innovation capability: Evidence from China," Finance Research Letters, Elsevier, vol. 55(PB).
    2. Sorin-Ciprian Teiusan & Sorin-Constantin Deaconu, 2021. "Artificial Intelligence And Covid-19: An Analysis In Business And Economics," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 144-156, October.

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