Big Data Development and Enhancement of Enterprises Innovation Ability
Big data development boosts the speed and efficiency of information exchange and knowledge sharing.It has become the major driving force to construct China into a powerhouse of science and technology,and help to realize the self-reliant high-level science and technology.Based on the data of A-share listed manufacturing enterprises from 2012 to 2021,the article explores the impact and mediating mechanism of big data development on en-terprises innovation ability.The finding is that big data development significantly promotes enterprises innovation ability,and this finding still holds wa-ter after controlling the endogeneity problem and robustness test.The mechanism analysis shows that big data development improves enterprises innova-tion ability through three ways:alleviating enterprise financing constraints,optimizing human capital structure and improving management efficiency.It is further found that the development of factor market segments such as labor market,capital market and technology market enhances the effect of big data development on enterprises innovation,and the effect of big data development on enterprises innovation ability is more obvious in the eastern re-gion,the region with high level of data openness of the local government,the state-owned enterprises and large-scale enterprises.By verifying the im-portant role of big data development in the enhancement of enterprises innovation ability,it provides a useful reference for big data development and en-terprises core technology breakthrough.
big data developmententerprises innovation abilityfactor marketmanufacturing industry