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Does a firm's intelligent technological transformation matter for its access to financial resources?

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  • Zhou, Kuo
  • Qu, Zhi
  • Guo, Yiman
  • Hu, Runnian

Abstract

We investigate the impact of firms' intelligent technological transformation on their access to financial resources. The existing literature has mostly focused on the effect of external finance on firms' entrepreneurship, productivity, and artificial intelligence; however, research assessing how intelligent technological transformation affects their access to financial resources remains limited. Using China's Smart Manufacturing Pilot Program since 2015, we employ the difference-in-differences model to examine the beneficial effect of intelligent technological transformation on access to bank loans. The findings and results of the channel analysis reveal that firms with intelligent technological transformation have more reputation, strong competitive capabilities, and better access to bank loans.

Suggested Citation

  • Zhou, Kuo & Qu, Zhi & Guo, Yiman & Hu, Runnian, 2025. "Does a firm's intelligent technological transformation matter for its access to financial resources?," Economic Modelling, Elsevier, vol. 149(C).
    • Handle: RePEc:eee:ecmode:v:149:y:2025:i:c:s0264999325000951
    DOI: 10.1016/j.econmod.2025.107100
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