Artificial Intelligence Technology and Corporate Innovation Financing: A Perspective on R&D Efficiency

Key Points

• The research aims to investigate how artificial intelligence technology influences corporate innovation financing and the role of R&D efficiency.
• Analyzed data from China's A-share listed companies from 2010 to 2023.
• Examined the relationship between AI technology and corporate innovation financing.
• Assessed R&D efficiency as a mediating factor in the analysis.
• Evaluated differences in impacts for state-owned and non-state-owned enterprises.
• Investigated the moderating role of government financial support.
• Investment in AI technology significantly boosts corporate innovation financing.
• R&D efficiency mediates the relationship between AI technology and innovation financing.
• The effect of AI technology on financing differs between state-owned and non-state-owned enterprises.
• Government financial support positively moderates the relationship between AI technology and innovation financing.