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Industrial robot application and markup rates: Evidence from Chinese manufacturing firms (2011-2022)

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  • Wang, Luyu
  • Fang, Qiyun
  • Zhang, Jisen

Abstract

Through in-depth research on the impact of industrial robot application on the markup rate of manufacturing enterprises and its action mechanism, it is revealed that industrial robot application has a notably positive influence on the markup rate. For every 1 % increase in the application rate of industrial robots, the markup rate increases by 0.013 units and passes the 1 % significance test. Moreover, industrial robot application can boost the markup rate by promoting technological progress and cutting operating costs. Sub - group analysis shows regional and ownership heterogeneities. The effect is more pronounced in manufacturing enterprises in the eastern and central regions and in private enterprises. These findings provide a theoretical basis for the application of industrial robots in manufacturing enterprises and offer references for the government's policy - making.

Suggested Citation

  • Wang, Luyu & Fang, Qiyun & Zhang, Jisen, 2025. "Industrial robot application and markup rates: Evidence from Chinese manufacturing firms (2011-2022)," Finance Research Letters, Elsevier, vol. 81(C).
    • Handle: RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325007263
    DOI: 10.1016/j.frl.2025.107467
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