The Impact of Data Assets on the Growth of Information and Communication Enterprises

Abstract

In the era of the digital economy, the progress and expansion of enterprises are intricately tied to the effective management and utilization of their data assets. However, there has been a notable lack of research directly investigating the influence of data assets on enterprise growth. This paper aims to address this research gap by developing a theoretical framework that correlates data assets with the growth of information and communication enterprises. By analyzing empirical data sourced from Shanghai and Shenzhen A-share listed information and communication enterprises spanning from 2010 to 2023, the study demonstrates that data assets play a significant role in promoting the growth of these enterprises. Sub-sample regression shows that, compared with computer, communication and other electronic equipment manufacturing enterprises, data assets play a more obvious role in promoting the growth of information transmission, software and information technology service enterprises. The conclusion provide empirical evidence and important enlightenment for information and communication enterprises to achieve sustainable growth.