Table 1

Current empirical studies on AI and firm performance

AuthorScopeTheoryFindings
Wamba-Taguimdje et al. (2020a) 150 AI-related case studiesRBV, DCV(+) AI capability → Process-driven Dynamic Capabilities, Firm performance
Mikalef and Gupta (2021) Survey, 143 senior US firm managersRBV, DCV(+) AI capability → Organisational Creativity and Organisational performance
Wamba (2022) Survey, 205 US firm managersRBV, DCV(+) AI assimilation → Organisational agility, Customer agility, Firm performance
Chen et al. (2022) Survey, 394 e-commerce entrepreneursRBV, 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 AfricaKBV(+) 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

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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