Can data assets promote green innovation in enterprises?

Jun Zhang, Tangkun Xie, Xiaoran Kong, Bo Liu and Wenke Zhang

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This study found that the more data assets held by a company, the higher its level of green innovation. This result was still significant after the instrumental variable method, exogenous policy shock mitigation endogeneity and a series of robustness tests. Data assets promote green innovation by alleviating the constraints on corporate financing and increasing the efficiency of green research and development. Further analysis showed that data assets could continuously increase the level of green innovation and promote enterprises to choose to apply for green invention patents. This study provides useful insights for identifying and utilizing the value of data resources.

Keywords: Data elements; Data assets; Green innovation; Financing constraints; Green R&D efficiency (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015836

DOI: 10.1016/j.frl.2024.106554

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