{"title":"政府数据开放,企业技术多元化","authors":"Meiting Wu , Pengcheng Li","doi":"10.1016/j.frl.2025.107365","DOIUrl":null,"url":null,"abstract":"<div><div>This study analyzes data from A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2000 to 2022. Using the launch of government open data platforms as a quasi-natural experiment, it investigates how public data openness affects corporate technology diversification and its underlying mechanisms. The results show that the introduction of public data platforms reduces firms’ technology diversification. This effect is largely driven by increased market competition and diminished herd behavior. Heterogeneity analysis indicates that this negative impact is more pronounced in economically developed regions, state-owned enterprises, and high-tech industries. The study offers a novel perspective on how government data platforms influence corporate technology strategies and highlights the mechanisms by which public data openness fosters technological concentration and reshapes diversification.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"80 ","pages":"Article 107365"},"PeriodicalIF":6.9000,"publicationDate":"2025-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Open government data and corporate technology diversification\",\"authors\":\"Meiting Wu , Pengcheng Li\",\"doi\":\"10.1016/j.frl.2025.107365\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This study analyzes data from A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2000 to 2022. Using the launch of government open data platforms as a quasi-natural experiment, it investigates how public data openness affects corporate technology diversification and its underlying mechanisms. The results show that the introduction of public data platforms reduces firms’ technology diversification. This effect is largely driven by increased market competition and diminished herd behavior. Heterogeneity analysis indicates that this negative impact is more pronounced in economically developed regions, state-owned enterprises, and high-tech industries. The study offers a novel perspective on how government data platforms influence corporate technology strategies and highlights the mechanisms by which public data openness fosters technological concentration and reshapes diversification.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"80 \",\"pages\":\"Article 107365\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-04-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325006245\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325006245","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Open government data and corporate technology diversification
This study analyzes data from A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2000 to 2022. Using the launch of government open data platforms as a quasi-natural experiment, it investigates how public data openness affects corporate technology diversification and its underlying mechanisms. The results show that the introduction of public data platforms reduces firms’ technology diversification. This effect is largely driven by increased market competition and diminished herd behavior. Heterogeneity analysis indicates that this negative impact is more pronounced in economically developed regions, state-owned enterprises, and high-tech industries. The study offers a novel perspective on how government data platforms influence corporate technology strategies and highlights the mechanisms by which public data openness fosters technological concentration and reshapes diversification.
期刊介绍:
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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