The Impact of Artificial Intelligence Technology Penetration on Corporate Resilience: Empirical Evidence from Indonesian Listed Companies

This study examines the impact of artificial intelligence (AI) technology penetration on corporate resilience and its underlying mechanisms, using a sample of companies listed on the Indonesia Stock Exchange from 2015 to 2024. The findings indicate that AI technology penetration significantly enhances corporate resilience, a conclusion that remains robust after a series of tests including variable substitution, high-dimensional fixed effects control, and endogeneity treatment. Heterogeneity analysis reveals that the resilience-enabling effect of AI is more dominant in large enterprises, firms with higher levels of digitization, and manufacturing sectors, whereas it is not significant in small and medium-sized enterprises, firms with lower digitization levels, or non-manufacturing industries. Further mechanism testing shows that regional broadband infrastructure plays a partial mediating role in the relationship between AI penetration and corporate resilience. This study provides empirical evidence for enhancing resilience through digital transformation in emerging markets and offers insights for corporate decision-making, policy guidance, and investment evaluation.