数据资产化对企业新质生产力的影响研究——来自A股上市企业的经验数据  

Research on the Impact of Data Assetization on New Quality Productive Forces of Enterprises:Empirical Data from A-share Listed Companies

作　　者：夏文蕾 吴昀璟 余辉 魏梓萌 陈晓芳[3,4] Xia Wenlei;Wu Yunjing;Yu Hui;Wei Zimeng;Chen Xiaofang(School of Economics and Management,Wuhan University,Wuhan 430072;School of Economics and Management,Hubei University of Technology,Wuhan 430068;School of Management,Wuhan University of Technology,Wuhan 430070;Wuhan University of Technology Digital Governance and Management Decision Innovation Research Institute,Wuhan 430070)

机构地区：[1]武汉大学经济与管理学院,武汉430072 [2]湖北工业大学经济与管理学院,武汉430068 [3]武汉理工大学管理学院,武汉430070 [4]武汉理工大学数字治理与管理决策创新研究院,武汉430070

出　　处：《图书情报工作》2025年第7期28-41,共14页Library and Information Service

基　　金：教育部人文社会科学青年项目“数据要素驱动视角下数据资产的确认计量、信息披露及经济后果研究”(项目编号:24YJC630239);中央高校基本科研业务费专项资金(项目编号:413000454)研究成果之一。

摘　　要：[目的/意义]通过量化分析企业新质生产力,探寻数据资产化对企业新质生产力的影响机制及影响边界,旨在为企业发展新质生产力、实现高质量发展提供理论参考。[方法/过程]以2010—2022年中国A股的战略新兴产业为研究对象,通过量化企业新质生产力,分析企业数据资产化对企业新质生产力的影响。[结果/结论]企业数据资产化能显著提升企业新质生产力发展水平。在使用工具变量等一系列稳健性检验后,结果依旧稳健。同时,通过异质性分析发现,数据资产对新质生产力的促进作用在小型企业和国有企业更明显。此外,数据资产不仅可以通过缓解企业融资约束提高企业新质生产力水平,还可以通过改善企业内部控制质量,提高与上下游供应链企业的协作效率促进企业新质生产力的提升。上述结论能为厘清数据资产化对企业新质生产力提升路径和作用边界提供实证支撑,也可以为充分发挥我国数据要素的价值和潜能提供政策依据。[Purpose/Significance]To investigate the influence mechanism and boundaries of data assetization on the new quality productive forces in enterprises through quantitative analysis can provide theoretical insights for enterprises to develop new quality productive forces and achieve high-quality growth.[Method/Process]This article took the strategic emerging industries listed on the China’s A-share market from 2010 to 2022 as research objects,and analyzed the impact of enterprise data assetization on enterprise new quality productive forces by quantifying the latter.[Result/Conclusion]Data assetization can significantly improve the development level of new quality productive forces of enterprises.After a series of robustness tests,such as instrumental variables,the results remain robust.At the same time,through heterogeneity analysis,it finds that the promoting effect of data assets on new quality productive forces is more pronounced in small-sized and state-owned enterprises.In addition,data assets not only improve the level of new quality productive forces of enterprises by alleviating financing constraints but also enhance it by improving the quality of internal control and the collaboration efficiency with upstream and downstream supply chain enterprises.This article provides empirical support for clarifying the path and boundary of the role of data assetization in enhancing new quality productive forces of enterprises,and can also provide policy basis for fully realizing the value and potential of data elements in China.

关 键 词：数据资产 新质生产力 融资约束 内部控制 供应链效率 

分 类 号：F270[经济管理—企业管理]