| Manufacturing industry has always been the pillar industry of economic development in various countries.Since entering the new century,China’s manufacturing industry has made great progress in gradually expanding industrial scale,optimizing industrial structure and improving innovation ability.As the focus of global economic development begins to return from virtual economy to real economy,the intelligent level of manufacturing industry has become an important basis to measure the development level and competitive advantage of manufacturing enterprises.Manufacturing intelligence has become the general direction of manufacturing development all over the world.Changes in the global market situation have forced China’s manufacturing enterprises to carry out transformation and upgrading.Digital and intelligent transformation is one of the important development paths and transformation directions.Based on the review of relevant literature and the discussion of Marxist technological progress and value creation,value chain theory,stakeholder theory and value co creation theory,this paper establishes an empirical test model of the intermediary role of manufacturing enterprise intelligence and value creation and internal control.Then,the data of Listed Companies in Shanghai and Shenzhen A-share manufacturing industry from 2012 to 2019 are collected,and the control variables such as enterprise scale and asset structure are introduced.Through the empirical analysis of panel data regression,the impact of intelligence on value creation and the intermediary role of internal control are tested.Then the samples are divided into groups to explore whether there are differences between intelligence and value creation under different characteristic samples.The empirical research results show that intelligence has a significant role in promoting value creation,and internal control plays a partial intermediary effect in the impact of intelligence and value creation.After the robustness test,the empirical test results are still significant.In the grouping test,compared with non-state-owned enterprises,the role of intellectualization of state-owned enterprises in promoting value creation and the intermediary role of internal control are more obvious;Compared with modern manufacturing enterprises,traditional manufacturing enterprises’ intelligence plays a more obvious role in promoting value creation and the intermediary role of internal control;Compared with the sample enterprises with low information transparency,the intermediary role of internal control in the sample enterprises with high information transparency is better.According to the empirical test results,this paper puts forward countermeasures and suggestions to promote the intelligent development of China’s manufacturing industry from the perspective of enterprises and the government.Enterprises should do a good job in the strategic planning of intelligent transformation and upgrading,the improvement of internal control system and the construction of intelligent platform,and the government should do a good job in the policy support of intelligent development and increase the investment in information technology infrastructure construction.Based on the current intelligent development level of manufacturing enterprises in China,this paper explores the impact of intelligent transformation and upgrading on value creation and the internal mechanism,which has a certain reference value for helping manufacturing enterprises make strategic planning and business decisions in the future intelligent development. |
