The Impact of Public Data Openness on Innovation in Private Enterprises

LI Changying; WANG Man; ZHANG Shuai

Volume 40 Issue 2

Mar. 2025

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2025 > 40(2): 4-21

LI Changying, WANG Man, ZHANG Shuai. The Impact of Public Data Openness on Innovation in Private Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(2): 4-21.

Citation:

LI Changying, WANG Man, ZHANG Shuai. The Impact of Public Data Openness on Innovation in Private Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(2): 4-21.

LI Changying, WANG Man, ZHANG Shuai. The Impact of Public Data Openness on Innovation in Private Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(2): 4-21.

Citation:

LI Changying, WANG Man, ZHANG Shuai. The Impact of Public Data Openness on Innovation in Private Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(2): 4-21.

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The Impact of Public Data Openness on Innovation in Private Enterprises

School of Economics, Shandong University, Jinan 250100, China

Received Date: 2024-10-14
Available Online: 2025-03-31
Publish Date: 2025-03-28

Abstract

Abstract

As the main body of science and technology innovation, private enterprises are an important force in promoting the implementation of the innovation-driven development strategy. Based on the data from private listed companies on A-share markets of Shanghai and Shenzhen from 2007 to 2022, and utilizing the quasi-natural experiment of public data openness platforms established by provincial governments, this study constructs a multi-period difference-in-difference model to empirically investigate the impact and mechanisms of public data openness on private enterprises innovation. The research shows that public data openness promotes innovation in private enterprises and increases the number of their patent applications by an average of 7.8%. This impact is realized through two mechanisms: improving the market competition environment and reducing business risks. The promoting effect of public data openness on private enterprise innovation is more significant for the younger enterprises, and the enterprises with higher digitization levels, lower levels of competition in the industry, and in regions with higher levels of intellectual property protection. In addition, public data openness prompts private enterprises to adopt substantive and collaborative innovation strategies, and enhances their business performance and market value. This study provides empirical evidence for a deeper understanding of the innovation-driving mechanisms of public data openness and offers important policy implications for optimizing the public data supply system and promoting the high-quality development of private enterprises.
- public data openness,
- private enterprise innovation,
- market competition,
- business risks

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References

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