Abstract:
With the application of digitization and intelligence, the industrial intelligence has grown to become the main driving force of new scientific and technical revolution. Relying on the theory of structure of the labour force and financing restriction, we analyze the influence of industrial intelligence on innovation of firm. Utilizing the PSMDID methods, we investigate the influence of industrial intelligence on innovation from 2010 to 2019 year in listed companies. The empirical results have shown that the industrial intelligence has a positive impact on innovation. The influence of industrial intelligence on innovation has a time lag. Moreover, industrial intelligence promotes the structural change of the labour force, and then has a positive influence on innovation. Furthermore, the financing restriction mechanism of industrial intelligence is only proven for patent licensing in lag times. Finally, this paper has policy implications that the enterprise should enhance communication with local government for increasing the cultivation and introduction of highly skilled labors and then increase the human capital of industrial intelligence enterprises.
