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Does smart transformation in manufacturing promote enterprise value chain upgrades?

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  • Li, Tao

Abstract

Intellectualization of manufacturing firms is crucial for facilitating the seamless integration of China's digital and real economies while achieving high-quality growth in the manufacturing industry. This study found that smart transformation significantly improved manufacturing firms’ value chain upgrades based on a sample of Chinese A-share listed companies from 2011 to 2022. This impact operates primarily by optimizing human resources and improving total factor productivity effects.

Suggested Citation

  • Li, Tao, 2024. "Does smart transformation in manufacturing promote enterprise value chain upgrades?," Finance Research Letters, Elsevier, vol. 69(PA).
    • Handle: RePEc:eee:finlet:v:69:y:2024:i:pa:s154461232401153x
    DOI: 10.1016/j.frl.2024.106124
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    References listed on IDEAS

    as
    1. Zou, Tanyong, 2024. "Technological innovation promotes industrial upgrading: An analytical framework," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 150-167.
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    5. Xu, Yudong & Zhou, Yanxia & Yuan, Jian & Xu, Yuan & Zhou, Xiaoyu, 2023. "External shocks, global value chain transmission and China's export fluctuation," Finance Research Letters, Elsevier, vol. 58(PB).
    6. Dong, Ming & Mao, Shunjie & Li, Shan, 2023. "Supplier's technology upgrading investment strategy considering product life cycle," International Journal of Production Economics, Elsevier, vol. 263(C).
    7. Song, Yuegang & Wang, Ziqi & Song, Changqing & Wang, Jianhua & Liu, Rong, 2024. "Impact of artificial intelligence on renewable energy supply chain vulnerability: Evidence from 61 countries," Energy Economics, Elsevier, vol. 131(C).
    8. Oliveira, Luis & Fleury, Afonso & Fleury, Maria Tereza, 2021. "Digital power: Value chain upgrading in an age of digitization," International Business Review, Elsevier, vol. 30(6).
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    Cited by:

    1. Li, Xiaofan & Wang, Qiaochu & Kong, Dongmin & Tao, Yunqing, 2025. "Intelligent manufacturing and corporate human capital upgrade in China," Journal of Asian Economics, Elsevier, vol. 97(C).

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    More about this item

    Keywords

    Smart transformation; Value chain upgrading; Manufacturing enterprises;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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