Information Construction and Enterprise Market Power
This paper examines the impact of information construction on enterprise market power from the perspective of markup.The result shows that the information construction has promoted the improvement of enterprise market power,which is mainly due to the fact that the innovation effect of information construction is greater than the competition effect,and ultimately improves the markup.For the innovation effect,the information construction optimizes the allocation of enterprise factor resources,produces information technology spillover effect,improves the enterprise's product quality,production efficiency and management efficiency,and enhances the enterprise market power and competitiveness.Heterogeneity analysis indicates that,for industries with high competitiveness,industries with low financing constraint,enterprises with high informatization and large-scale enterprises,the promotion effect of information construction on enterprise market power is more obvious.This study has important policy implications for promoting information construction to enhance enterprise competitiveness and high-quality development of the real economy.
Information ConstructionMarket PowerInnovation EffectCompetition Effect