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Industrial internet and the Value of Advanced Manufacturing Enterprises

In: Proceedings of the 2024 International Conference on Digital Economy and Marxist Economics (ICDEME 2024)

Author

Listed:
  • Haoyong Zhan

    (Guangxi University of Science and Technology, School of Economics and Management
    Guangxi Industrial High Quality Development Research Center)

  • Tianyue Zhang

    (Guangxi University of Science and Technology, School of Economics and Management)

  • Siqi Wang

    (Guangxi University of Science and Technology, School of Economics and Management)

  • Jinli Feng

    (Guangxi University of Science and Technology, School of Economics and Management
    Guangxi Industrial High Quality Development Research Center)

Abstract

Under the background of the rise of the digital economy, the industrial Internet has become a key breakthrough in the integration of data and reality, and an important driving factor to promote the value of advanced manufacturing enterprises. Based on the micro enterprise data of China’s advanced manufacturing industry from 2008 to 2013, this paper constructs a differential model to empirically test the role and mechanism of industrial Internet on the enterprise value of advanced manufacturing industry. The study found that the industrial Internet platform can significantly improve the value of advanced manufacturing enterprises, and after a series of robustness tests, the above conclusion is still valid. The mechanism test shows that the industrial Internet promotes the value of enterprises by reducing trade costs and driving the growth of enterprises. The value enhancement effect is more significant in enterprises with high industrial agglomeration, eastern regions and capital intensive enterprises, and is positively correlated with export delivery value and regional industrialization degree. Therefore, this paper respectively puts forward countermeasures and suggestions at the level of platform, enterprise and government, and provides reference ideas for better playing the role of industrial Internet in promoting the value of advanced manufacturing enterprises.

Suggested Citation

  • Haoyong Zhan & Tianyue Zhang & Siqi Wang & Jinli Feng, 2024. "Industrial internet and the Value of Advanced Manufacturing Enterprises," Advances in Economics, Business and Management Research, in: Yongjun Guan & Yan Duan & Tao Wang & Chuan Liang (ed.), Proceedings of the 2024 International Conference on Digital Economy and Marxist Economics (ICDEME 2024), pages 40-66, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-636-9_6
    DOI: 10.2991/978-94-6463-636-9_6
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