IDEAS home Printed from https://ideas.repec.org/a/eee/soceps/v102y2025ics0038012125001910.html

How does open public data affect enterprise green transformation?

Author

Listed:
  • Ling, Long
  • Hu, Lu
  • Li, Shaoqiu
  • Zhao, Xing
  • Ye, Xixi

Abstract

As the challenges of climate change and environmental deterioration intensify globally, enterprise green transformation (CGT) has become an essential strategy for advancing sustainable development. Nevertheless, there is currently little empirical research on how open public data (PDO) affects CGT. To evaluate the impact of PDO on CGT, this study uses Chinese listed enterprises data from 2007 to 2022. The research findings are follows: (1) PDO significantly promotes CGT. The impact of PDO gradually decreases as CGT increases. Following robustness and endogeneity tests, this conclusion is still true. (2) According to the results of heterogeneity tests, the promoting effect is more pronounced among enterprises located in cities with higher administrative level, operating within the manufacturing sector, and engaging in a greater number of green mergers and acquisitions. (3) PDO promotes CGT by facilitating digital transformation (DTS), exerting green development (GDE), and enhancing external supervision (ESE). These findings not only enrich the content of research on PDO and CGT but also provide valuable guidance and insights for practical policy formulation and social practice.

Suggested Citation

  • Ling, Long & Hu, Lu & Li, Shaoqiu & Zhao, Xing & Ye, Xixi, 2025. "How does open public data affect enterprise green transformation?," Socio-Economic Planning Sciences, Elsevier, vol. 102(C).
    • Handle: RePEc:eee:soceps:v:102:y:2025:i:c:s0038012125001910
    DOI: 10.1016/j.seps.2025.102342
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0038012125001910
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.seps.2025.102342?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
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    2. Qian, Yifan, 2025. "Public data openness and corporate total factor productivity," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 733-753.
    3. Du, Jiayue & Gao, Haoyu & Wen, Huiyu & Ye, Yanyi, 2024. "Public data acces and stock price synchronicity: Evidence from China," Economic Modelling, Elsevier, vol. 130(C).
    4. Michael K. Bednar & Steven Boivie & Nicholas R. Prince, 2013. "Burr Under the Saddle: How Media Coverage Influences Strategic Change," Organization Science, INFORMS, vol. 24(3), pages 910-925, June.
    5. Wang, Miao & Wang, Yiduo & Feng, Chao, 2025. "Artificial intelligence, institutional environment, and corporate green transformation: Evidence from China's resource-based sector," International Review of Economics & Finance, Elsevier, vol. 103(C).
    6. Chinn, Menzie D. & Ito, Hiro, 2006. "What matters for financial development? Capital controls, institutions, and interactions," Journal of Development Economics, Elsevier, vol. 81(1), pages 163-192, October.
    7. Zhongju Liao & Ping Liu & Ping Bao, 2024. "Environmental information disclosure, environmental innovation, and firms' growth performances: The moderating role of media attention," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(1), pages 425-437, February.
    8. Gunasekaran, Angappa & Papadopoulos, Thanos & Dubey, Rameshwar & Wamba, Samuel Fosso & Childe, Stephen J. & Hazen, Benjamin & Akter, Shahriar, 2017. "Big data and predictive analytics for supply chain and organizational performance," Journal of Business Research, Elsevier, vol. 70(C), pages 308-317.
    9. Niu, Yuhao & Wen, Wen & Wang, Sai & Li, Sifei, 2023. "Breaking barriers to innovation: The power of digital transformation," Finance Research Letters, Elsevier, vol. 51(C).
    10. Dong, Zhenlin & Wang, Junzhi, 2024. "Does public data access stimulate the efficiency of corporate green innovation?," Finance Research Letters, Elsevier, vol. 65(C).
    11. Hsu, Po-Hsuan & Tian, Xuan & Xu, Yan, 2014. "Financial development and innovation: Cross-country evidence," Journal of Financial Economics, Elsevier, vol. 112(1), pages 116-135.
    12. Chen, Kaixuan & Zhang, Shushan, 2024. "How does open public data impact enterprise digital transformation?," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 178-190.
    13. Yi, Er, 2023. "Corporate governance, information disclosure and investment - Cash flow sensitivity," Finance Research Letters, Elsevier, vol. 55(PB).
    14. Jie, Guo & Jiahui, Lv, 2023. "Media attention, green technology innovation and industrial enterprises’ sustainable development: The moderating effect of environmental regulation," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 873-889.
    15. Dai, Jiapeng, 2025. "Is policy pilot a viable path to sustainable development? Attention allocation perspective," International Review of Financial Analysis, Elsevier, vol. 98(C).
    16. Elliott Ash & Stephen Hansen, 2023. "Text Algorithms in Economics," Annual Review of Economics, Annual Reviews, vol. 15(1), pages 659-688, September.
    17. Zhao, Lihong & Yuan, Huiai, 2024. "Digital transformation and the herd effect of corporate green investment," Finance Research Letters, Elsevier, vol. 63(C).
    18. Sun, Chuanwang & Min, Jialin, 2024. "Dynamic trends and regional differences of economic effects of ultra-high-voltage transmission projects," Energy Economics, Elsevier, vol. 138(C).
    19. Dou, Bin & Guo, SongLin & Chang, XiaoChen & Wang, Yong, 2023. "Corporate digital transformation and labor structure upgrading," International Review of Financial Analysis, Elsevier, vol. 90(C).
    20. Li, Xin & Liu, Zhaoda & Ye, Yongwei, 2024. "Public data and corporate employment: Evidence from the launch of Chinese public data platform," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 124-144.
    21. Guo, Yani & Yan, Jiale & Zhuang, Peifen, 2025. "How does data sharing affect the sustainable development of agribusiness? Evidence from public data openness," International Review of Economics & Finance, Elsevier, vol. 97(C).
    22. Mikalef, Patrick & Pateli, Adamantia, 2017. "Information technology-enabled dynamic capabilities and their indirect effect on competitive performance: Findings from PLS-SEM and fsQCA," Journal of Business Research, Elsevier, vol. 70(C), pages 1-16.
    23. Niu, Jingqi & Qiang, Ming & Chen, Mengyang, 2025. "Can the Management's green cognition promote the Enterprise's green Transformation? Based on the perspective of carbon emissions," International Review of Economics & Finance, Elsevier, vol. 102(C).
    24. Teng, Sin Yong & Touš, Michal & Leong, Wei Dong & How, Bing Shen & Lam, Hon Loong & Máša, Vítězslav, 2021. "Recent advances on industrial data-driven energy savings: Digital twins and infrastructures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    25. Stephen J. Brammer & Stephen Pavelin, 2006. "Corporate Reputation and Social Performance: The Importance of Fit," Journal of Management Studies, Wiley Blackwell, vol. 43(3), pages 435-455, May.
    26. Sun, Yumeng, 2024. "Digital transformation and corporates' green technology innovation performance–The mediating role of knowledge sharing," Finance Research Letters, Elsevier, vol. 62(PA).
    27. Liu, Xielin & Ji, Xiaohui & Ge, Shuang, 2024. "Does the complexity and embeddedness of knowledge recombination contribute to economic development? —— Observations from prefecture cities in China," Research Policy, Elsevier, vol. 53(2).
    28. Liu, Shengwang & Chen, Xin, 2024. "Impact of fiscal transparency on local fiscal revenue and expenditures: Evidence from a natural experiment," Finance Research Letters, Elsevier, vol. 67(PA).
    29. Choi, Jay Pil & Jeon, Doh-Shin & Kim, Byung-Cheol, 2019. "Privacy and personal data collection with information externalities," Journal of Public Economics, Elsevier, vol. 173(C), pages 113-124.
    30. Wu, Desheng & Xie, Yu, 2024. "Unveiling the impact of public data access on collaborative reduction of pollutants and carbon emissions: Evidence from open government data policy," Energy Economics, Elsevier, vol. 138(C).
    31. Lee, Chien-Chiang & He, Zhi-Wen & Yuan, Zihao, 2023. "A pathway to sustainable development: Digitization and green productivity," Energy Economics, Elsevier, vol. 124(C).
    32. Shan, Junhui & Zhang, Lin & Wang, Junkai, 2025. "Data elements and corporate stock dividends: A quasi-natural experiment based on government data openness," International Review of Financial Analysis, Elsevier, vol. 97(C).
    33. Liao, Xianchun & Shi, Xunpeng (Roc), 2018. "Public appeal, environmental regulation and green investment: Evidence from China," Energy Policy, Elsevier, vol. 119(C), pages 554-562.
    34. Cai, Xiaotong & Lin, Peiyang & Wang, Rui, 2025. "Intelligent manufacturing and corporate green transformation," International Review of Financial Analysis, Elsevier, vol. 97(C).
    35. Ben Arfi, Wissal & Hikkerova, Lubica & Sahut, Jean-Michel, 2018. "External knowledge sources, green innovation and performance," Technological Forecasting and Social Change, Elsevier, vol. 129(C), pages 210-220.
    36. Krafft, Manfred & Kumar, V. & Harmeling, Colleen & Singh, Siddharth & Zhu, Ting & Chen, Jialie & Duncan, Tom & Fortin, Whitney & Rosa, Erin, 2021. "Insight is power: Understanding the terms of the consumer-firm data exchange," Journal of Retailing, Elsevier, vol. 97(1), pages 133-149.
    37. Sun, Chuanwang & Xu, Mengjie & Wang, Bo, 2024. "Deep learning: Spatiotemporal impact of digital economy on energy productivity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 199(C).
    38. Luo, Qingfeng & Wang, Jingyuan, 2025. "Cross-regional collaborative innovation in the era of data openness: a factor mobility perspective," Technology in Society, Elsevier, vol. 83(C).
    39. Yu, Fang (Frank), 2008. "Analyst coverage and earnings management," Journal of Financial Economics, Elsevier, vol. 88(2), pages 245-271, May.
    40. Zhang, Lin & Sok, Sinmyong, 2025. "The impact of government open data platform construction on corporate capital market performance: Evidence from stock liquidity," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    41. Wang, Kunlun & Zheng, Leven J. & Lin, Boqiang, 2024. "Demand-side incentives, competition, and firms’ innovative activities: Evidence from automobile industry in China," Energy Economics, Elsevier, vol. 132(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yang, Shaoyu & Lu, Yang, 2025. "Government subsidies, data assets, and firm outward foreign direct investment," Finance Research Letters, Elsevier, vol. 85(PE).
    2. Wei, Yufen & Tang, Jinghua & He, Hongbo & Wu, Chanjun & Lin, Muyangzi & Xie, Haonan, 2025. "Customer concentration and corporate greenwashing," Research in International Business and Finance, Elsevier, vol. 79(C).
    3. Asen Bozhikov, 2025. "Open Data in the Context of Sustainable Food Systems," Innovative Information Technologies for Economy Digitalization (IITED), University of National and World Economy, Sofia, Bulgaria, issue 1, pages 158-165, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luo, Hanlin & Chen, Lusi & Xu, Xin, 2025. "How the disclosure of government public data stimulates corporate green transitions," International Review of Economics & Finance, Elsevier, vol. 103(C).
    2. Xu, Chongchong & Lin, Boqiang, 2025. "The AI-sustainability Nexus: How does intelligent transformation affect corporate green innovation?," International Review of Financial Analysis, Elsevier, vol. 102(C).
    3. Han, Ning & Liu, Peixian & Zhao, Dezhao & Zhong, Fanglei, 2025. "Exploring the synergies between digitalization and decarbonization: From data disclosure perspective," Energy, Elsevier, vol. 340(C).
    4. Wu, Desheng & Xie, Yu, 2024. "Unveiling the impact of public data access on collaborative reduction of pollutants and carbon emissions: Evidence from open government data policy," Energy Economics, Elsevier, vol. 138(C).
    5. Dai, Yufan & Kang, Suping & Liu, Wei, 2025. "Government open data and corporate supply chain concentration," International Review of Financial Analysis, Elsevier, vol. 102(C).
    6. Jing, Li & Tianshu, Quan & Qing, Han, 2025. "Open government data and green economic growth," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 2207-2218.
    7. Luo, Shuangcheng & Xiong, Zhiqiao & Liu, Jianjiang, 2024. "How does supply chain digitization affect green innovation? Evidence from a quasi-natural experiment in China," Energy Economics, Elsevier, vol. 136(C).
    8. Peixian Liu & Lei Wang & Fanglei Zhong & Ning Han & Dezhao Zhao, 2025. "Unveiling the Impact of Public Data Access on Urban Polycentric Structure: Evidence from China," Land, MDPI, vol. 14(8), pages 1-24, August.
    9. Jie Wang & Xiaohui Zhou & Yunning Ma & Yongrok Choi, 2025. "Public Data Elements and Enterprise Digital Transformation: A Quasi-Natural Experiment Based on Open Government Data Platforms for Sustainable Urban Planning," Sustainability, MDPI, vol. 17(10), pages 1-32, May.
    10. Shi, Wenlei & Ying, Limeng & Ma, Guohua & Niu, Yanfang & Lv, Yuanyuan & Xu, Xiaofang, 2025. "Intelligent manufacturing, media attention, and sustainable development performance," International Review of Financial Analysis, Elsevier, vol. 106(C).
    11. Hongli Wang & Jinguang Guo & Hongying Yuan, 2025. "The Ecological Value Release Effect of Data Elements: Evidence from the Launch of Public Data Open Platforms," Sustainability, MDPI, vol. 17(17), pages 1-25, August.
    12. Shen, Lu & Lin, Zeyu & Lin, Rongyu, 2025. "Open public data and the establishment of non-local subsidiaries," Finance Research Letters, Elsevier, vol. 83(C).
    13. Wei, Qingfang & Liu, Yuan & Cai, Weixing & Wan, Jiangtao, 2025. "Open government data and personal default: Evidence from China," Journal of Asian Economics, Elsevier, vol. 100(C).
    14. Asif Khan & Chih-Cheng Chen & Kwanrat Suanpong & Athapol Ruangkanjanases & Santhaya Kittikowit & Shih-Chih Chen, 2021. "The Impact of CSR on Sustainable Innovation Ambidexterity: The Mediating Role of Sustainable Supply Chain Management and Second-Order Social Capital," Sustainability, MDPI, vol. 13(21), pages 1-25, November.
    15. WANG Jifu & GUPTA Vipin & LYBOLT Liza & WANG Xiuli, 2022. "Corrected Game Model In Csr: Mnc Strategies And Chinese Practice," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(3), pages 269-287, December.
    16. Shuigen Hu & Xianbo Wang, 2025. "A Text-Mining-Based Evaluation of Data Element Policies in China: Integrating the LDA and PMC Models in the Context of Green Development," Sustainability, MDPI, vol. 17(15), pages 1-36, July.
    17. Yang, Fei & Liu, Kang & Wu, Lei & Ren, Yi & Liang, Tian, 2025. "Urban geometry and energy efficiency: Evidence from 282 cities in China," Energy, Elsevier, vol. 319(C).
    18. Wang, Xiaotong & Wang, Yuezhu & Li, Gujie, 2025. "The impact of FDI on the development of China's low-carbon economy in the context of the “Dual Circulation” policy," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 321-335.
    19. Shahriar Akter & Saradhi Motamarri & Shahriar Sajib & Ruwan J. Bandara & Shlomo Tarba & Demetris Vrontis, 2024. "Theorising the Microfoundations of analytics empowerment capability for humanitarian service systems," Annals of Operations Research, Springer, vol. 335(3), pages 989-1013, April.
    20. Moshirian, Fariborz & Tian, Xuan & Zhang, Bohui & Zhang, Wenrui, 2021. "Stock market liberalization and innovation," Journal of Financial Economics, Elsevier, vol. 139(3), pages 985-1014.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    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:eee:soceps:v:102:y:2025:i:c:s0038012125001910. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/seps .

    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.