Data Factors as a Source of Innovation: Evidence from Chinese Cloud Computing Listed Firms

With the rise of digital economy, data has become a new factor of production. Based on data from A-share Chinese Cloud Computing listed firms, this study examined the nexus between using data factors and corporate innovation. Empirical evidence indicates that Cloud Computing listed firms have significantly increased their innovation performance in the process of using data factors, and this conclusion is still valid after a series of robust analyses. The rational use of data factors in daily business activities can help firms learn and apply external knowledge and technology. These findings provide useful policy implications for promoting the integration of data factors and corporate development to spur vitality of market entities at a micro level.