Research on the Impact of Artificial Intelligence Innovation on Manufacturing Enterprise Idiosyncratic Risk

Abstract

Under the background of the digital economy, the world is more closely connected, which also means the magnification of uncertainty and the elevation of the risk level of enterprise characteristics. How to make the enterprise have core competitiveness and reduce the enterprise's characteristic risk as much as possible, both the theoreticians and practitioners need to pay attention to and solve the problem. AI innovation is an important way for manufacturing enterprises to gain competitive advantage in the era of the digital economy. The existing data show that more scholars believe that technological innovation plays an important role in effectively reducing the risk of enterprise characteristics, and have a thorough discussion on it, it is found that not only the individual level of the enterprise factors will have an impact on the idiosyncratic risk, the internal resources of the enterprise will also have an impact on the idiosyncratic risk. As an important resource for enterprises to gain competitive advantage, redundant resources in this framework have attracted much attention from scholars. However, some studies have not revealed the mechanism and lack reliable empirical conclusions. Therefore, from the perspective of redundant resources to explore the impact of the digital economy era to reduce enterprise risk factors and their mechanisms have significant theoretical and practical value.