Data Assets and Enterprise Innovation Performance

In recent years, data has shown an exponential growth trend in the era of rapid economic development. As a new asset, data has also played its practical application value on various platforms. It has become an important strategic resource for enterprises and even countries, providing favorable conditions for stimulating enterprises' innovation willingness and improving their innovation performance. Taking the data of China's A-share listed companies from 2014 to 2023 as research samples, this paper examines the impact of data assets on enterprise innovation performance and its mechanism. The results show that: (1) Data assets can help improve enterprise innovation performance; (2) Easing corporate financing constraints and promoting corporate integration into the global innovation network are the ways that data assets affect corporate innovation performance; (3) Compared with smaller enterprises, the promotion effect of data assets on innovation performance is more significant in larger enterprises. The research in this paper provides new empirical evidence for the microeconomic benefits of data assets, and has important practical significance and theoretical value for promoting enterprises to improve new quality productivity and promote high-quality economic development.