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

Luyu Wang, Qiyun Fang and Jisen Zhang

Finance Research Letters, 2025, vol. 81, issue C

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.

Keywords: Industrial robots; Manufacturing industry; Enterprise markup rate (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325007263

DOI: 10.1016/j.frl.2025.107467

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