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Producer services agglomeration and robotics investment

Author

Listed:
  • Wang, Qianyue
  • Kong, Gaowen
  • Yan, Yuanyuan

Abstract

This paper investigates the impact of producer services agglomeration on firms' investment in robotics. Our findings reveal that producer services agglomeration significantly inhibits corporate robotics investment. Further analysis demonstrates that financing constraints and externality significantly enhance this relationship, with the effect being more prominent in coastal cities and private firms. The study not only enriches the research on agglomeration economy and robotics investment, but also provides valuable policy insights for industrial planning, and contributes to the empirical understanding of the interplay between regional characteristics and firm behavior.

Suggested Citation

  • Wang, Qianyue & Kong, Gaowen & Yan, Yuanyuan, 2026. "Producer services agglomeration and robotics investment," Finance Research Letters, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:finlet:v:87:y:2026:i:c:s1544612325021609
    DOI: 10.1016/j.frl.2025.108907
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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