企业数据资产化对产业链整合的影响

——来自上市公司的经验证据

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中图分类号：F49；F279.2；F832.51

文献标识码：A

文章编号：1007-5097（2026）01-0085-10

The Impact of Corporate Data Assetization on Industry Chain Integration： Empirical Evidence fromListed Companies

LIU Lin， ZHOU Ting

（School of Economics and Management， Shihezi University，Shihezi 832Oo3， China）

Abstract：This study examines A-share listedcompanies from2012 to2O23，employs textanalysisto construct indicatorsofcorporatedataassetizationandverifiesitsimpactonindustrialchainintegration.Findingsreveal that corporatedataasetizationfacilitates industrialchain integration，with transactionaldataassetsdemonstratingamore pronounced promotional efect.Heterogeneity tests indicate thatdataassetizationsignificantlyenhances industrial chain integration for manufacturing enterprises，high-tech enterprises，and state-owned enterprises.Mechanismtests indicate that corporatedataassetization enhances industrial chain integrationbyimproving resource alocation eficiencyand inovationeficiency.Furtheranalysisrevealsthatheighteneddataasetizationlevels，afterfacilitating industrialchain integration，yielddual effectsforoverallcorporatedevelopment：increasedrisk-bearingcapacityandvaluechain upgrading.This studyprovides newempirical evidence for understanding how micro-levelcorporate behavior influences meso-level industrial chain integration.

KeyWords：dataassatio;stralinntegati;osbentel;souealltioyotio

一、引言

随着新一轮科技革命深人发展，数据已成为关键生产要素和生产基础，是推动产业链现代化的新动能。（剩余16214字）