Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)

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The Impact of Artificial Intelligence Strategy on Corporate Financial Performance—An Empirical Analysis Based on Listed Companies Panel Data

Authors
Qian Xu1, *, Chenghao Xu2
1College of Business Administration, Guangdong University of Finance and Economics, Guangzhou, China
2College of Economics, Northwest Normal University, Lanzhou, China
*Corresponding author. Email: 755302942@qq.com
Corresponding Author
Qian Xu
Available Online 2 December 2022.
DOI
10.2991/978-94-6463-010-7_38How to use a DOI?
Keywords
Artificial Intelligence; Financial Performance; Listed Companies; Strategy
Abstract

Through the statistics of 140 annual reports of board reports of 20 listed companies in the automobile manufacturing industry in the past seven years from 2013 to 2019, this paper finds that listed companies in the automobile industry generally pay attention to keywords such as “artificial intelligence”, “new energy” and “automation”. This shows that the management of listed companies generally believes that artificial intelligence is the development trend of the future industry. Further research investigates whether there is a relationship between corporate financial performance indicators (ROA and ROE) and corporate strategy by using the financial indicators of selected 20 listed companies. The results of the study show that there is a significant positive correlation between AI and ROA. In addition, there is a significant positive correlation between AI and ROE. Therefore, artificial intelligence can be placed in an important position in future company strategies, and the development of artificial intelligence strategies can effectively improve the company’s financial performance.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 December 2022
ISBN
10.2991/978-94-6463-010-7_38
ISSN
2589-4919
DOI
10.2991/978-94-6463-010-7_38How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Qian Xu
AU  - Chenghao Xu
PY  - 2022
DA  - 2022/12/02
TI  - The Impact of Artificial Intelligence Strategy on Corporate Financial Performance—An Empirical Analysis Based on Listed Companies Panel Data
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 365
EP  - 371
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_38
DO  - 10.2991/978-94-6463-010-7_38
ID  - Xu2022
ER  -