Government Data Openness and Corporate Investment:Analysis of Influence and Mechanism
This paper takes A-share listed companies in China from 2007 to 2021 as samples and uses a difference-in-differences model to explore the impact of government data openness on corporate investment.Research has found that government data openness promotes corporate investment by expanding financing channels and optimizing the business en-vironment.This effect is more significant in samples of non-state-owned enterprises,small and medium-sized enterprises,enterprises located in less market-oriented regions,and those in non-national central cities.This study has demonstrated the significant effect of government data openness in promoting corporate investment and guiding balanced development,providing useful references for the government to further promote data openness and for enterprises to optimize investment decisions.
government data opennesscorporate investmentinformation asymmetry
NETL
NSTL
万方数据
