Do Artificial Intelligence applications affect firm stock liquidity? Evidence from China

被引：0
|
作者：
Zhong, Yilin [1 ]
Zhong, Junhao [1 ]
Yang, Tianjian [1 ]
Han, Minghui [1 ,2 ,3 ]
Zhang, Qinghua [2 ]
机构：
[1] South China Univ Technol, Sch Econ & Finance, Guangzhou, Peoples R China
[2] Huashang Coll, Higher Educ Res, Inst Guangzhou, Guangzhou, Peoples R China
[3] South China Univ Technol, Sch Econ & Finance, Guangzhou 510006, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2025年 / 32卷 / 02期
关键词：
AI applications; stock liquidity; market attention; firm performance;
D O I：
10.1080/13504851.2023.2259656
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study explores the relationship between AI applications and firm stock liquidity. We measure the AI applications of Chinese listed firms based on text analytics on annual reports from 2007 to 2020. Our results show that AI applications increase stock liquidity, and the effect of AI on increasing stock liquidity is more significant in SOEs and high-tech firms. In addition, AI increases stock liquidity by enhancing market attention rather than directly improving firm performance.
引用
收藏
页码：204 / 209
页数：6
相关论文
共 50 条
  • [1] Stock liquidity and firm value: evidence from China
    Zhang, Lijie
    Li, Yong
    Huang, Zhuo
    Chen, Xinhan
    APPLIED ECONOMICS LETTERS, 2018, 25 (01) : 47 - 50
  • [2] Do environmental regulations affect firm financial distress in China? Evidence from stock markets
    He, Yu
    Zheng, Huan
    APPLIED ECONOMICS, 2022, 54 (38) : 4384 - 4401
  • [3] How artificial intelligence applications affect the total factor productivity of the service industry: Firm-level evidence from China
    Wu, Xiaojun
    Zhu, Yi
    JOURNAL OF ASIAN ECONOMICS, 2025, 97
  • [4] Does corporate social responsibility affect stock liquidity? Evidence from China
    Lin, Xin-Yi
    Liu, Jing-Yue
    Zhang, Yue-Jun
    FINANCE RESEARCH LETTERS, 2024, 60
  • [5] Does liquidity connectedness affect stock price crash risk? Evidence from China
    Yang, Xin
    Ao, Xuan
    Cao, Jie
    Huang, Chuangxia
    NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2024, 74
  • [6] Does stock liquidity affect expropriation behavior by controlling shareholders? Evidence from China
    Xiang, Xin
    ECONOMIC SYSTEMS, 2024, 48 (02)
  • [7] Do political connections affect stock price crash risk? Firm-level evidence from China
    Lee W.
    Wang L.
    Review of Quantitative Finance and Accounting, 2017, 48 (3) : 643 - 676
  • [8] How does corporate ESG performance affect stock liquidity? Evidence from China
    Wang, Kai
    Li, Tingting
    San, Ziyao
    Gao, Hao
    PACIFIC-BASIN FINANCE JOURNAL, 2023, 80
  • [9] How does stock liquidity affect corporate tax noncompliance? Evidence from China
    Kim, E. Han
    Lu, Yao
    Shi, Xinzheng
    Zheng, Dengjin
    JOURNAL OF COMPARATIVE ECONOMICS, 2022, 50 (03) : 688 - 712
  • [10] Artificial intelligence technology innovation and firm productivity: Evidence from China
    Zhai, Shaoxuan
    Liu, Zhenpeng
    FINANCE RESEARCH LETTERS, 2023, 58
12345