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智能制造对企业绿色双元创新的差异化影响

The Differential Impact of Intelligent Manufacturing on Corporate Green Ambidextrous Innovation

丁振阔，李文艳，王曦，罗明

2026 第 48 卷 第 07 期 页码 100-116

DOI: 10.16538/j.cnki.fem.20251229.401

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摘要

基于资源基础观，以2012—2023年中国沪深A股上市公司数据为样本，实证检验智能制造对企业绿色双元创新的差异化影响，并探究绿色投资者和环境规制对该影响的调节作用。研究发现：（1）智能制造能够推动企业绿色双元创新的提升，且相比绿色探索式创新，智能制造对绿色利用式创新的促进作用更为突出。在稳健性检验和内生性检验后，该结论依然成立。（2）绿色投资者对智能制造与绿色双元创新之间的关系起到强化作用，并且更明显地增强了智能制造对绿色利用式创新的影响。相比之下，环境规制则在一定程度上削弱了智能制造对绿色双元创新的促进作用，尽管这种削弱作用在不同维度的创新之间并无明显差异。（3）异质性分析显示，在非高科技行业、大规模企业以及实施智能制造专项试点政策的情境下，智能制造更有助于促进企业的绿色双元创新。本文的研究发现不仅拓展了智能制造与绿色创新关系的研究文献，还为企业管理者通过采用智能制造来促进绿色双元创新提供了重要的管理启示。

Based on the resource-based view, this paper uses data from China’s A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2012 to 2023 to empirically examine the differential impact of intelligent manufacturing on corporate green ambidextrous innovation, and explores the moderating effects of green investors and environmental regulations on this impact. The results show that: (1) Intelligent manufacturing can significantly enhance corporate green ambidextrous innovation. Compared with its impact on green exploratory innovation, intelligent manufacturing has a greater impact on green exploitative innovation. (2) Green investors positively moderate the relationship between intelligent manufacturing and green ambidextrous innovation, and the moderating effect on the relationship between intelligent manufacturing and green exploitative innovation is stronger. Environmental regulations negatively moderate the relationship between intelligent manufacturing and green ambidextrous innovation, but the difference in the moderating effect is not significant. (3) Heterogeneity analysis reveals that under the conditions of non-high-tech industries, large-scale enterprises, and the implementation of special pilot policies for intelligent manufacturing, the promoting effect of intelligent manufacturing is more significant. The findings not only expand the research on the relationship between intelligent manufacturing and green innovation, but also provide important management implications for enterprise managers to promote green ambidextrous innovation through the adoption of intelligent manufacturing.

关键词： 智能制造,绿色双元创新,绿色投资者,环境规制

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