Author(s)

Xiong Luo ¹, Yang Liu ²

Affiliation(s)

¹ School of Accounting, Guizhou University of Finance and Economics, Guiyang, 550025, China
² Western Michigan Institute, Guizhou University of Finance and Economics, Guiyang, 550025, China

Corresponding Author

Yang Liu

ABSTRACT

This paper employs micro-level data on intelligent investment and total factor productivity (TFP) of Chinese enterprises from 2011 to 2022 to examine the impact of intelligent investment on TFP in micro enterprises. The findings indicate that intelligent investment significantly enhances TFP, with this effect varying based on enterprise ownership structure and the development level of product markets. Mechanism analysis reveals that intelligent investment promotes TFP by alleviating enterprises financing constraints. This study enriches the literature on the economic consequences of intelligent investment and the determinants of total factor productivity. It provides empirical evidence supporting the intelligent transformation and high-quality development of enterprises.

KEYWORDS

Intelligent Investment; Total Factor Productivity; Financing Constraints; Artificial Intelligence; Big Data; High-Quality Development

CITE THIS PAPER

Xiong Luo, Yang Liu, Enterprise intelligent investment and total factor productivity. Accounting and Corporate Management (2025) Vol. 7: 9-16. DOI: http://dx.doi.org/10.23977/acccm.2025.070102.

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