How does Public Data Opening Promote High-Quality Development of Enterprise——Evidence from Quasi-natural Experiments
In the era of digital economy,public data opening is an important means to give full play to data elements and promote high-quality development of enterprises.Based on the micro-data of listed companies from 2010 to 2020,this paper taken the establishment of urban public data open platform as a quasi-natural experiment,and systematically investigates the impact of public data opening on the total factor productivity of enterprises by using the multi-period differential method.It is found that the public data opening can significantly improve the total factor productivity of enterprises,which remains robust after solving the endogeneity and other issues.Furthermore,the impact mechanism test shows that public data opening can promote total factor productivity through firm capital allocation efficiency and firm innovation.In addition,Heterogeneity analysis shows that the impact of public data opening is more significant for state-owned enterprises,enterprises in the secondary and tertiary industries,enterprises in the eastern region,and enterprises with high human capital levels.The research results have important policy implications for accelerating the level of public data opening,improving the quality of data opening,and promoting the high-quality development of enterprises.
public data openingquality of enterprise developmententerprise total factor productivityefficiency of capital allocationenterprise innovation
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