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Data elements and corporate innovation: A discussion of corporate innovation strategy

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  • Gao, Dengyun
  • Liu, Chang
  • Sun, Zhanwei

Abstract

Based on information asymmetry theory, this study probes the nexus between data elements and corporate innovation employing the sample data of Chinese listed companies from 2011 to 2020. The results revealed that data elements can notably enhance the corporate innovation, mainly through improving the misallocation of innovative resource and optimizing corporate R&D decision-making. Data elements can synergize with traditional factors to stimulate corporate innovation. Data elements affect corporate innovation more notably in the high-level digital infrastructure, radical innovation and non-state-owned corporations. Additionally, data elements' influence on the corporate innovation displays a double-threshold effect.

Suggested Citation

  • Gao, Dengyun & Liu, Chang & Sun, Zhanwei, 2025. "Data elements and corporate innovation: A discussion of corporate innovation strategy," Finance Research Letters, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:finlet:v:76:y:2025:i:c:s154461232500234x
    DOI: 10.1016/j.frl.2025.106970
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