Research on the Promotion Effect of the Marketization of Data Elements on the Digital Transformation of Manufacturing Enterprises: An Empirical Evaluation of a Multiperiod DID Model

Dandan Wang () and Tongfei Yang
Additional contact information
Dandan Wang: School of Business, Henan University of Science and Technology, Luoyang 471023, China
Tongfei Yang: School of Business, Henan University of Science and Technology, Luoyang 471023, China

Sustainability, 2025, vol. 17, issue 7, 1-23

Abstract: The marketization of data elements is a critical step in harnessing the potential of data as a “new” economic element. This process is essential for driving the digital transformation of manufacturing enterprises and achieving sustainable development. Using data from listed manufacturing enterprises (2013–2022), this study applied the difference-in-differences method to analyze how the marketization of data elements accelerates digital transformation. The results indicated that data trading platforms play a significant role by lowering enterprise costs, easing financing constraints, fostering digital technology innovation, and promoting the growth of the digital service industry. The impact varies across regions, ownership structures, and executive backgrounds. This research offers fresh insights into facilitating the digital transformation of manufacturing enterprises and provides practical guidance for policymakers to advance the market-oriented reform of data elements and enhance enterprises’ digital capabilities.

Keywords: the marketization of data elements; enterprise digital transformation; manufacturing enterprises; differences-in-differences; digital economy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/17/7/3199/pdf (application/pdf)
https://www.mdpi.com/2071-1050/17/7/3199/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:17:y:2025:i:7:p:3199-:d:1627763

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().