Exploring the Relationship Between Human-Centric AI and firm Idiosyncratic Risks — Liu et al. (2026)
Abstract Despite the extensive discussions of human-centric AI (HCAI) in Industry 5.0, its effects on firms’ idiosyncratic risks (IR) remains underexplored. This is an imperative issue for firms navigate financial risks during the current technological revolution, as IR reflects investor reactions to corporate heterogeneous AI strategies and implementations by isolating firm-level stock volatility from systematic factors. Integrating situated AI theory with social-technical systems theory, we conceptualise HCAI as a situated AI strategy that reduces AI-related ethical risks and fosters…
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