Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)

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Data Assets and Market Power: Evidence from China

Authors
Yixin Chen1, *
1School of Information, Central University of Finance and Economics, Beijing, 100081, China
*Corresponding author. Email: 2644849030@qq.com
Corresponding Author
Yixin Chen
Available Online 22 November 2024.
DOI
10.2991/978-94-6463-570-6_125How to use a DOI?
Keywords
market power; data assets; text analysis; digital economy
Abstract

In the digital economy era, big data analytics (BDA) has become an important path for firms to gain competition advantage. As a key element of BDA, how does a firm’s data assets affect its market power? This article uses machine learning and text analysis to construct the index of data assets, and use the panel data of Chinese A-share firms from 2010–2022 to examine the impact of data assets on market power. This paper finds that data assets can significantly enhance market power. The conclusion remains after considering endogeneity issues and conducting robustness tests. Non-state-owned firms, small-size firms and firms facing higher environmental uncertainty benefiting more from data assets within firm. The results of mechanism analysis indicated that data assets can enhance market power through mechanisms that improve the TFP and reduce customer concentration. The conclusions of this paper help to accurately assess the market effects of firm’s data assets and provide empirical evidence for policy making.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
22 November 2024
ISBN
978-94-6463-570-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-570-6_125How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yixin Chen
PY  - 2024
DA  - 2024/11/22
TI  - Data Assets and Market Power: Evidence from China
BT  - Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
PB  - Atlantis Press
SP  - 1252
EP  - 1264
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-570-6_125
DO  - 10.2991/978-94-6463-570-6_125
ID  - Chen2024
ER  -