Whether Intelligent Manufacturing Can Enhance Corporate Environmental Performance: A Quasi-Experimental Study Based on the Intelligent Manufacturing Pilot Policy
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Whether Intelligent Manufacturing Can Enhance Corporate Environmental Performance: A Quasi-Experimental Study Based on the Intelligent Manufacturing Pilot Policy
WAN Zhu1,2
1. School of Economics, Guizhou University of Finance and Economics, Guiyang 550025, China; 2. Party School of the Guizhou Provincial Committee, Guiyang 550025, China
Abstract Based on sample data from listed manufacturing companies, the paper uses the Intelligent Manufacturing Pilot Demonstration Policy (IMDP) as a natural experiment and uses the Double Difference Method (DID) to explore the impact of intelligent manufacturing on corporate environmental performance. The study shows that intelligent manufacturing significantly enhances corporate environmental performance. The conclusion remains valid after a series of robustness and endogeneity tests. Mechanism analysis indicates that intelligent manufacturing enhances corporate environmental performance by optimizing human capital structure, increasing environmental protection investments and promoting green technological innovation. Heterogeneous analysis reveals that the environmental benefits of intelligent manufacturing are more pronounced in non-state-owned enterprises, firms with high capital market attention and large-scale companies. The study theoretically explains the intrinsic link between intelligent transformation and corporate environmental performance, enriches research on intelligent manufacturing policies, and provides valuable insights for promoting the deep integration of intelligent and green manufacturing.
WAN Zhu. Whether Intelligent Manufacturing Can Enhance Corporate Environmental Performance: A Quasi-Experimental Study Based on the Intelligent Manufacturing Pilot Policy. Economic Survey, 2025, 42(3): 0147.
2025, Vol. 42 
