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Can open government data policy improve firm performance? Evidence from listed firms in China

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  • Mingle Zhou
  • Yu Wang
  • Xiaohui Huang
  • Gang Li

Abstract

Our study aims to understand the impact of open government data (OGD) policy on firm performance and the moderating role of firm characteristics. The difference‐in‐difference model is used to analyze 10‐year panel data from 477 Chinese listed firms. The findings indicate that (a) OGD policy positively affects firm performance; (b) firm size positively moderates the relationship between OGD policy and firm performance; (c) R&D intensity nonlinearly moderates the relationship between OGD policy and firm performance; and (d) OGD policy significantly affects state‐owned firms. This paper provides suggestions for improving OGD policy and OGD market construction.

Suggested Citation

  • Mingle Zhou & Yu Wang & Xiaohui Huang & Gang Li, 2023. "Can open government data policy improve firm performance? Evidence from listed firms in China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(5), pages 2593-2603, July.
    • Handle: RePEc:wly:mgtdec:v:44:y:2023:i:5:p:2593-2603
    DOI: 10.1002/mde.3835
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    1. Huifang Cheng & Songhao Zhang & Chenxiang Hong & Junqi Wang & An Cao, 2026. "Public data openness and urban foreign direct investment inflows: based on the essential attributes of public data," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 75(2), pages 1-32, June.
    2. Long, Yongguang & Zhang, Xiaoru & Wang, Long, 2025. "How does government data openness affect cross-regional capital flow? Evidence from Chinese-listed firms’ off-site investment," Economic Modelling, Elsevier, vol. 152(C).
    3. 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.
    4. 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).
    5. Cao, Yue & Dong, Yancen & Chen, Wenrui & Fu, Jiaqian & Luo, Huitao, 2025. "CEO locality and R&D investment efficiency: Evidence from China," Economic Modelling, Elsevier, vol. 150(C).
    6. Wu, Meiting & Li, Pengcheng, 2025. "Open government data and corporate technology diversification," Finance Research Letters, Elsevier, vol. 80(C).
    7. Luo, Qingfeng & Wang, Jingyuan, 2024. "Digital finance and green technology innovation: A dual path test based on market and government," Finance Research Letters, Elsevier, vol. 70(C).

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