数据要素市场化与企业数字技术创新

——基于数据交易平台设立的准自然实验

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中图分类号：F275；F832.51 文献标识码：A doi：10.3969/j.issn.1672-2272.202506057

Abstract：As thecore driving force of enterprise digital technology innovation，data elements have become the key strategic resources to promote the development of digital economy.The establishment of a data trading platform is used as a quasi-natural experiment to systematically study the effect of data factor marketization on enterprise digital technology innovation.The study finds that：the development of data factor marketization can effectively enhance the level of digital technology innovation of enterprises，and the conclusion still holds after a number of tests；mechanism analysis shows that data factor marketization effectively drives enterprises to carry out digital technology innovation by promoting enterprise digital transformationand alleviating financing constraints；heterogeneity test shows that the promotion effect of data factor marketization on enterprise digital technology innovation is more significant in the manufacturing industry and non-state-owned enterprises.The heterogeneity test shows that the promotion effect of data factor marketization on enterprises’digital technology innovation is more significant in manufacturing and non-state-owned enterprises.The research provides theoretical support and practical insights for enterprises to fully release the value of data elementsand deepen digital technology innovation.

KeyWords：Data Factor Marketization；Enterprise Digital Technology Innovation；Digital Transformation；Financing Constraints

0 引言

数据作为新型生产要素，其市场化配置效率直接关系到数字经济的发展质量。（剩余9626字）