Author(s)

Manying Huang and Xiaohong Deng

Corresponding Author

Manying Huang

Abstract

Based on the perspective of financial competitiveness, the paper makes an empirical analysis of the driving factors of the transformation and upgrading of the high-end equipment manufacturing industry and its subdivision industries, using the panel data of 107 high-end equipment manufacturing enterprises from the first quarter of 2014 to the second quarter of 2018. The main conclusions are as follows: On the whole, marketing ability, management ability, capital ability and development ability have a significant impact on the transformation and upgrading of high-end equipment manufacturing enterprises, among which marketing ability has the greatest impact. The factors affecting the transformation and upgrading of different industries are different. In many industries, including rail transit equipment industry, aviation equipment manufacturing industry, machine tool industry and robot industry, marketing ability and management ability have a significant impact on its transformation and upgrading.

Keywords

High-end equipment manufacturing; Transformation and upgrading; Driving factors; financial competitiveness