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Intelligent manufacturing level and corporate investment efficiency

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  • Liu, Ying
  • Zheng, Lei

Abstract

This study delves into the impact of intelligent manufacturing (IM) capabilities on corporate investment efficiency using data from China's A-share listed companies from 2012 to 2022. Findings reveal that enhancements in IM capabilities significantly improve corporate investment efficiency; operational performance plays a positive moderating role in increasing investment efficiency through IM; operating costs exert a negative moderating influence; and the promotional effect of IM capabilities on investment efficiency is more pronounced in private enterprises.

Suggested Citation

  • Liu, Ying & Zheng, Lei, 2025. "Intelligent manufacturing level and corporate investment efficiency," Finance Research Letters, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003708
    DOI: 10.1016/j.frl.2025.107107
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    References listed on IDEAS

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