Does data resource disclosure promote firm innovation?

Yulan Wang, Juan Zheng, Jinglin Li and Zhen Yang

China Accounting and Finance Review, 2026, 1-26

Abstract: PurposeThe purpose of this paper is to examine whether corporate disclosure of data resource information can elicit external market responses and further exert an impact on firms' innovation investment behavior in the era of the digital economy.Design/methodology/approachThis study uses an empirical approach to test the proposed hypotheses. We collect listed firm data and employ regression model to investigate whether data resource disclosure promotes firm innovation.FindingsData resource disclosure promotes firm innovation and it alleviates financing constraints, cuts agency costs and boosts risk-taking willingness. Higher information transparency, more AI investment and greater investor attention strengthen this effect.Originality/valueThis paper is the first to examine the relationship between data resource information disclosure (a category of non-financial information) and corporate innovation, providing empirical evidence for the link between data resource information disclosure and corporate value creation.

Keywords: Data resource disclosure; Innovation; Breakthrough innovation; Spillover effect (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eme:cafrpp:cafr-12-2025-0285

DOI: 10.1108/CAFR-12-2025-0285

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