The Impact of Government Open Data on Firms’ Energy Efficiency: Analyse the Mediating Role of Capacity Utilization and Biased Technological Progress

As a new type of production factor, releasing data dividends is of great significance in improving corporate energy efficiency. Based on the data of listed enterprises in China from 2011 to 2022, the establishment of government open data platforms in each prefecture-level city is taken as a policy shock event, and the impact of government open data on corporate energy efficiency is empirically examined through a multi-period DID model. The results show that government open data improves enterprise energy efficiency by approximately 2.5% (relative to the mean), and capacity utilization and biased technological progress are the main pathways of action. In addition, the application of big data technology can better fulfill the role of data factors in improving enterprise energy efficiency. Heterogeneity analysis finds that government open data has a stronger effect on enterprise energy efficiency improvement in areas with high manufacturing concentration, environmental tax rate leveling, and high Internet penetration. The study suggests that enterprises should apply big data technology and build a mechanism for integrating data assets and energy management so as to fulfill the important role of data elements in the green development of enterprises.