<p>Digital government construction (DGC) is a key initiative in advancing the modernization of the national governance system and governance capacity; whether it can promote the high-quality development of enterprises (HQDE) is a practical issue worthy of investigation. Using data on A-share listed companies in China (2012–2023), we treat the establishment of big data administration bureaus (BDAB) as a quasi-natural experiment and employs a multi-period difference-in-differences (DID) model to examine empirically the impact of DGC on HQDE. The results show that: (1) DGC can promote HQDE, this effect implements through three mechanisms: optimizing the business environment, reducing transaction costs, and driving digital technology innovation. (3) The promotional effects of DGC are more pronounced in state-owned enterprises, in eastern regions, in enterprises with high levels of digitalization, and in regions with well-developed digital infrastructure. (4) DGC significantly promotes HQDE in neighboring areas, with an effective spatial spillover range of approximately 500&#xa0;km. This research uncovers the micro-effects of DGC from the perspective of HQDE and provides policy implications for improving governance capacity and achieving high-quality economic development.</p>

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The impact of digital government construction on the high-quality development of enterprises: Quasi-experimental evidence from China

  • Tiantian Li,
  • Azhong Ye,
  • Xiaomei Tian,
  • Yuanye Zhang,
  • Li Li

摘要

Digital government construction (DGC) is a key initiative in advancing the modernization of the national governance system and governance capacity; whether it can promote the high-quality development of enterprises (HQDE) is a practical issue worthy of investigation. Using data on A-share listed companies in China (2012–2023), we treat the establishment of big data administration bureaus (BDAB) as a quasi-natural experiment and employs a multi-period difference-in-differences (DID) model to examine empirically the impact of DGC on HQDE. The results show that: (1) DGC can promote HQDE, this effect implements through three mechanisms: optimizing the business environment, reducing transaction costs, and driving digital technology innovation. (3) The promotional effects of DGC are more pronounced in state-owned enterprises, in eastern regions, in enterprises with high levels of digitalization, and in regions with well-developed digital infrastructure. (4) DGC significantly promotes HQDE in neighboring areas, with an effective spatial spillover range of approximately 500 km. This research uncovers the micro-effects of DGC from the perspective of HQDE and provides policy implications for improving governance capacity and achieving high-quality economic development.