Current empirical studies on AI and firm performance
| Author | Scope | Theory | Findings |
|---|---|---|---|
| Wamba-Taguimdje et al. (2020a) | 150 AI-related case studies | RBV, DCV | (+) AI capability → Process-driven Dynamic Capabilities, Firm performance |
| Mikalef and Gupta (2021) | Survey, 143 senior US firm managers | RBV, DCV | (+) AI capability → Organisational Creativity and Organisational performance |
| Wamba (2022) | Survey, 205 US firm managers | RBV, DCV | (+) AI assimilation → Organisational agility, Customer agility, Firm performance |
| Chen et al. (2022) | Survey, 394 e-commerce entrepreneurs | RBV, DCV | (+) AI capability → Firm creativity, AI Management, AI-driven decision-making, Firm performance |
| Rammer et al. (2022) | Germany Community Innovation Survey (CIS) 2018 | (+) AI → Innovation performance | |
| Bag et al. (2021) | 306 senior executives in South Africa | KBV | (+) Big data-powered artificial intelligence → Knowledge Management Process, Decision-Making Style, Firm performance |
| Mishra et al. (2022) | 10-K data from US firms | (+) AI focus → Firm performance | |
| Kim et al. (2022) | 395 US-listed firms using AI between 2000 and 2018 | (+) AI adoption → Firm performance, (+) AI adoption → Automation | |
| Lui et al. (2022) | 62 US-listed firms between 2015 and 2019 | (−) AI adoption announcements → Firm market value (−) AI adoption announcements → Abnormal market returns |
| Author | Scope | Theory | Findings |
|---|---|---|---|
| 150 AI-related case studies | RBV, DCV | (+) AI capability → Process-driven Dynamic Capabilities, Firm performance | |
| Survey, 143 senior US firm managers | RBV, DCV | (+) AI capability → Organisational Creativity and Organisational performance | |
| Survey, 205 US firm managers | RBV, DCV | (+) AI assimilation → Organisational agility, Customer agility, Firm performance | |
| Survey, 394 e-commerce entrepreneurs | RBV, DCV | (+) AI capability → Firm creativity, AI Management, AI-driven decision-making, Firm performance | |
| Germany Community Innovation Survey (CIS) 2018 | (+) AI → Innovation performance | ||
| 306 senior executives in South Africa | KBV | (+) Big data-powered artificial intelligence → Knowledge Management Process, Decision-Making Style, Firm performance | |
| 10-K data from US firms | (+) AI focus → Firm performance | ||
| 395 US-listed firms using AI between 2000 and 2018 | (+) AI adoption → Firm performance, (+) AI adoption → Automation | ||
| 62 US-listed firms between 2015 and 2019 | (−) AI adoption announcements → Firm market value (−) AI adoption announcements → Abnormal market returns |
Note(s): (+) Positive impact; (−) Negative impact; RBV, Resource-Based View; DCV, Dynamic Capabilities View; KBV, Knowledge-Based View
Source(s): Authors own work)
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