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

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Industrial internet and the Value of Advanced Manufacturing Enterprises

Authors
Haoyong Zhan1, 2, Tianyue Zhang1, Siqi Wang1, Jinli Feng1, 2, *
1School of Economics and Management, Guangxi University of Science and Technology, Liuzhou, 545006, Guangxi, China
2Guangxi Industrial High Quality Development Research Center, Liuzhou, 545006, Guangxi, China
*Corresponding author. Email: 346915926@qq.com
Corresponding Author
Jinli Feng
Available Online 31 December 2024.
DOI
10.2991/978-94-6463-636-9_6How to use a DOI?
Keywords
Industrial internet; advanced manufacturing industry; enterprise value
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 International Conference on Digital Economy and Marxist Economics (ICDEME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2024
ISBN
978-94-6463-636-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-636-9_6How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haoyong Zhan
AU  - Tianyue Zhang
AU  - Siqi Wang
AU  - Jinli Feng
PY  - 2024
DA  - 2024/12/31
TI  - Industrial internet and the Value of Advanced Manufacturing Enterprises
BT  - Proceedings of the 2024 International Conference on Digital Economy and Marxist Economics (ICDEME 2024)
PB  - Atlantis Press
SP  - 40
EP  - 66
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-636-9_6
DO  - 10.2991/978-94-6463-636-9_6
ID  - Zhan2024
ER  -