Does a firm's intelligent technological transformation matter for its access to financial resources?

Kuo Zhou, Zhi Qu, Yiman Guo and Runnian Hu

Economic Modelling, 2025, vol. 149, issue C

Abstract: We investigate the impact of firms' intelligent technological transformation on their access to financial resources. The existing literature has mostly focused on the effect of external finance on firms' entrepreneurship, productivity, and artificial intelligence; however, research assessing how intelligent technological transformation affects their access to financial resources remains limited. Using China's Smart Manufacturing Pilot Program since 2015, we employ the difference-in-differences model to examine the beneficial effect of intelligent technological transformation on access to bank loans. The findings and results of the channel analysis reveal that firms with intelligent technological transformation have more reputation, strong competitive capabilities, and better access to bank loans.

Keywords: Access to finance; Intelligent technological transformation; Smart manufacturing technology (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999325000951
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:149:y:2025:i:c:s0264999325000951

DOI: 10.1016/j.econmod.2025.107100

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().