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The Impact of Industrial Robot Application on the Quality of Corporate Financial Reporting in the Context of High Economic Quality

Author(s)

Danyang Liu, Pengying Fu, Linge Liu

Affiliation(s)

Weigang Campus, Nanjing Agricultural University, Nanjing, Jiangsu, China

Abstract

In promoting high-quality economic development, industrial robots, the fruit of technological innovation, are landed and applied in manufacturing enterprises. This paper takes the manufacturing enterprises listed on China's A-share stock market from 2013 to 2019 as a research sample, empirically explores the relationship between the application of industrial robots and the quality of corporate financial reporting, and analyzes the path mechanisms involved. The results show that the application of industrial robots can significantly reduce the level of surplus management and thus improve the financial reporting quality of listed companies. In terms of heterogeneity, the enhancement effect of industrial robots on financial reporting quality is more obvious in high-tech, non-labor-intensive and non-polluting enterprises. In terms of mechanism analysis, the application of industrial robots enhances financial reporting quality mainly by improving the quality of internal control, and the effect of internal control effect is more obvious in small-sized, high-growth non-state-owned enterprises. Finally, based on the conclusions of the article, this paper puts forward feasible suggestions for accelerating the application of AI innovations in the manufacturing sector to improve the quality of corporate financial reporting and realize the high-quality development of the economy from the perspectives of the government, the industry and the enterprises.

Keywords

Application of Industrial Robots; Financial Reporting Quality; Internal Control

References

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