How can data assets contribute to industry chain resilience in manufacturing companies? Empirical evidence based on Chinese listed companies

Abstract

 With the continuous advancement of digital industrialization, data assets have gradually become a new driving force to enhance the resilience of the industrial chain. Based on the panel data of A-share listed companies from 2012 to 2022,this paper explores the impact and mechanism of data assets on industry chain resilience. It is found that, first, data assets significantly enhance the enterprise industry chain resilience, and the conclusion still holds after a series of robustness tests and endogeneity treatment. Second, the capital effect and operation effect are the main channels through which digital assets affect industry chain resilience. Third, the positive effect of data assets on industry chain resilience is more significant in the east side of Hu Huanyong line and labor-intensive enterprises. This study provides a micro-theoretical foundation and policy insights for strengthening the development and application of data assets to help improve the resilience of the industrial chain.