WANG Xiaoxia
2025, 4(16): 152-172.
As a core driver of the Fourth Industrial Revolution, intelligent manufacturing plays a critical role in addressing the survival challenges faced by Chinese manufacturing firms amid economic restructuring and global technological competition. Unlike traditional labor-intensive production models, intelligent manufacturing—represented by industrial robots—emphasizes automation, efficiency improvement, and technological upgrading, reducing firms’ reliance on labor and vulnerability to market fluctuations. This transformative technology enables enterprises to optimize production processes, develop new markets, and enhance competitiveness, thereby lowering exit risks in an increasingly dynamic business environment. By promoting resilient and sustainable growth, intelligent manufacturing helps build a healthier industrial ecosystem and aligns with China’s strategic goals of building a manufacturing powerhouse and advancing high-quality development. Given this, this paper investigates the impact of intelligent manufacturing on Chinese firms’ survival risks and its underlying mechanisms, aiming to provide new insights and evidence for promoting industrial upgrading and enterprise sustainability.
Theoretically, this paper elaborates on the logical foundation of intelligent manufacturing in enhancing firm survival. Characterized by its focus on cost reduction, efficiency gains, and market expansion, intelligent manufacturing offers enterprises a new pathway to competitive advantage. By replacing labor with industrial robots, firms can improve labor productivity and lower marginal production costs, all of which help strengthen their ability to withstand market competition pressures. In addition, the introduction of intelligent manufacturing technology will also drive innovation by promoting the development of new products and entry into high-value markets, reducing dependence on low-margin market segments. Overall, the theoretical framework highlights two key mechanisms: first, the cost-efficiency effect, where intelligent manufacturing increases productivity and reduces production costs; and second, the market expansion effect, where intelligent manufacturing helps develop new products and increase market share. Ultimately, intelligent manufacturing will enhance revenue space through these two channels and cultivate new competitive advantages.
Empirically, this study uses data from Chinese manufacturing enterprises between 2000 and 2013 to examine the impact of intelligent manufacturing (proxied by industrial robot imports) on firm survival risks. The results show that intelligent manufacturing significantly reduces the survival risks of firms exiting the market, and the results remain robust after multidimensional robustness tests. After distinguishing between levels of robot technology, firms importing high-end robots experience a greater reduction in survival risks than those importing low-end robots, highlighting that the survival risk effect of intelligent manufacturing is related to firms’ technological absorptive capacity. Mechanism tests find that, although the effect of increasing profit margins in the short term is limited, the adoption of intelligent manufacturing technology does indeed promote enterprise survival capabilities through improving production efficiency, reducing marginal costs, stimulating new product development, and increasing sales revenue, and cultivates new market competitive advantages.
Heterogeneity analysis finds that, in terms of technological factors, overall, the higher the industry Concentration, the more significant the effect of using robot technology to consolidate market position and improve survival capabilities. However, compared with industries with higher capital intensity and higher technological levels, firms in industries with lower capital intensity and lower technological levels, which are more labor-intensive, show a more significant effect of reducing market exit risks through intelligent manufacturing transformation, alleviating the pressure of rising labor costs. In terms of openness factors, export-oriented and processing trade firms, which have priority access to advanced foreign technologies, benefit more in terms of survival from intelligent manufacturing transformation and upgrading, with a greater effect on enhancing international competitive advantages.
This study makes a valuable addition to the literature on intelligent manufacturing and firm survival dynamics. First, it provides causal evidence of the impact of intelligent manufacturing on firm survival risks using detailed large-sample data. Second, it disentangles the underlying mechanisms linking intelligent manufacturing to firm survival risks, highlighting the survival-promoting effects of intelligent manufacturing on both the supply and demand sides. Third, the rich heterogeneity analysis contributes valuable empirical evidence for designing and optimizing intelligent manufacturing policy systems.