IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v65y2025i3p2281-2305.html
   My bibliography  Save this article

Open government data and firm value: A quasi‐natural experiment from China

Author

Listed:
  • Fei Lan
  • Shiqi Lan
  • Yukai Gong

Abstract

The Chinese government is actively promoting the utilisation of open government data (OGD) to unlock the intrinsic value of data assets. This study considers the establishment of local OGD platforms as a quasi‐natural experiment. We conducted our research using a sample of China's A‐share listed firms from 2007 to 2021 and employed the staggered difference‐in‐difference (DID) model to examine the impact of OGD on firm value. The empirical analysis reveals a significant positive effect of the establishment of OGD platforms on firm value, which is achieved by alleviating financing constraints, promoting corporate risk‐taking, and enhancing resource allocation efficiency as well as talent agglomeration. Heterogeneity analysis shows that OGD has a more pronounced impact on the value of firms operating in highly competitive industries, firms with weak internal controls, and firms located in non‐central cities. The findings presented in this paper provide valuable insights for promoting the deep integration of government data with enterprise management.

Suggested Citation

  • Fei Lan & Shiqi Lan & Yukai Gong, 2025. "Open government data and firm value: A quasi‐natural experiment from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(3), pages 2281-2305, September.
    • Handle: RePEc:bla:acctfi:v:65:y:2025:i:3:p:2281-2305
    DOI: 10.1111/acfi.13405
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.13405
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.13405?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:65:y:2025:i:3:p:2281-2305. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.