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Construction of Big Data Comprehensive Pilot Zones Empowers the Marketization of Data Elements of Listed Enterprises in China
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Shuang Jin, Lipeng Li
Journal of Technology Economics | 2026, 45(2) : 44 - 61
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Journal of Technology Economics | 2026, 45(2): 44-61
• Enterprise Technology Economics •
Construction of Big Data Comprehensive Pilot Zones Empowers the Marketization of Data Elements of Listed Enterprises in China
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Shuang Jin, Lipeng Li
Affiliations
  • School of Economics and Management, Ningxia University, Yinchuan 750021, China
Published: 2026-02-25 doi: 10.12404/j.issn.1002-980X.J25091204
Outline
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The marketization of data elements is regarded as a core supporting resource and a new driving engine for the high-quality development of enterprises in the new era. The establishment of national-level Big Data Comprehensive Pilot Zones was used as a quasi-natural experiment, and a multi-period difference-in-differences (DID) model was constructed based on Chinese A-share listed enterprises from 2010 to 2023 to examine the impact on the marketization level of enterprise data elements. It is found that the construction of Big Data Comprehensive Pilot Zones significantly improves the marketization level of data elements of listed enterprises. It is further found that the positive impact is more significant for non-state-owned enterprises, non-high-tech industries, enterprises in the eastern region, and regions with a higher degree of financial openness. In the mechanism analysis, it is shown that the construction of Big Data Comprehensive Pilot Zones promotes the marketization of enterprise data elements by improving resource allocation efficiency and enterprise innovation efficiency, while market transaction efficiency plays a partially negative mediating role. In the spatial spillover analysis, it is shown that the construction of Big Data Comprehensive Pilot Zones significantly inhibits the marketization level of data elements of enterprises in neighboring regions. The findings are expected to provide a new perspective for evaluating the marketization level of enterprise data elements and to offer policy implications for relevant institutions and enterprises.

Big Data Comprehensive Pilot Zones  /  enterprise data element marketization  /  market transaction efficiency  /  resource allocation efficiency  /  enterprise innovation efficiency
金爽, 李立朋. 大数据综合试验区建设赋能中国上市企业数据要素市场化研究. 技术经济, 2026 , 45 (2) : 44 -61 . DOI: 10.12404/j.issn.1002-980X.J25091204
Shuang Jin, Lipeng Li. Construction of Big Data Comprehensive Pilot Zones Empowers the Marketization of Data Elements of Listed Enterprises in China[J]. Journal of Technology Economics, 2026 , 45 (2) : 44 -61 . DOI: 10.12404/j.issn.1002-980X.J25091204
Year 2026 volume 45 Issue 2
38
7
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doi: 10.12404/j.issn.1002-980X.J25091204
  • Receive Date:2025-09-12
  • Online Date:2026-10-27
  • Published:2026-02-25
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  • Received:2025-09-12
Affiliations
    School of Economics and Management, Ningxia University, Yinchuan 750021, China
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多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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