Data assetization and corporate green technology innovation: a dual perspective of information and resources

Abstract In the context of the digital economy and sustainable development, this paper focuses on the relationship between corporate data assetization and green innovation, aiming to reveal the mechanisms and heterogeneous effects through which data assetization empowers green technology innovation. It provides theoretical references for enterprises to leverage data assetization to drive green technology innovation and achieve high-quality development. This study takes A-share listed companies in Shanghai and Shenzhen from 2007 to 2023 as the research sample. By quantifying the degree of corporate data assetization and green innovation capability, it explores the mechanisms and heterogeneous characteristics of the impact of data assetization on green technology innovation.The study finds that the degree of corporate data assetization is significantly positively correlated with green innovation capability. From the perspective of mechanisms, data assetization enhances corporate green innovation traits primarily by optimizing the information environment, reducing information asymmetry, improving resource allocation efficiency, and strengthening the stability of upstream and downstream supply chains. Further research reveals that data assetization significantly promotes green technology innovation in technology-intensive enterprises, and this effect is more pronounced in companies with lower analyst forecast accuracy and those located in cities with higher levels of digital financial development. This paper provides theoretical and empirical support for enterprises to leverage data assetization to empower independent green technology innovation and promote high-quality development of the digital economy.