Cheng Xin

Zhongnan University of Economics and Law

Papers

Total Citations

H-Index

About

Cheng Xin is a rising scholar at the intersection of corporate finance and technological disruption, whose work illuminates how automation reshapes firm financing. In her highly cited 2024 study, "Labor-Replacing Automation and Finance," she provides groundbreaking empirical evidence that the adoption of industrial robots in Chinese firms significantly increases corporate leverage while reducing the cost of debt. By linking labor-replacing automation to capital structure decisions, Xin reveals a critical feedback loop: as firms automate, they simultaneously increase their debt capacity and lower their financing costs. This research, already garnering 11 citations, offers vital insights for understanding how the Fourth Industrial Revolution is transforming not just production but the very financial architecture of firms. Her work bridges labor economics, technology adoption, and corporate finance, making her a key voice in debates about automation's broader economic consequences. For students and researchers exploring the financial implications of AI and robotics, Cheng Xin's research provides an essential empirical foundation for understanding how technology is rewriting the rules of corporate borrowing and risk.