证券市场导报Issue(4)：13-23,37,12.
数据资产、动态能力与制造业企业价值链升级
摘要
Abstract
Data assets represent a crucial emerging production factor,and clarifying how they facilitate value chain upgrading in manufacturing firms holds significant theoretical and practical implications.Grounded in dynamic capability theory and employing manufacturing listed companies on the Shanghai and Shenzhen A-share markets as samples,this study finds that data assets enhance manufacturing firms'ability to continuously integrate,build,and reconfigure internal and external resources in highly uncertain environments,thereby promoting value chain upgrading.Further analysis reveals:(1)Data assets possess cross-contextual transferability characteristics,enabling firms to accurately identify innovation directions,build open and shared collaborative innovation networks,acquire diversified frontier technologies and knowledge,and enhance innovation capability;(2)Data assets exhibit standardized management characteristics,facilitating firms to screen and absorb external knowledge through proprietary data platforms,achieve deep integration of internal and external knowledge,form self-reinforcing and continuously iterative learning systems,and thereby improve absorptive capability;(3)Data assets are measurable,allowing firms to identify resource allocation directions and quickly adjust production layouts and operational processes by measuring the value contribution of data assets in specific operational scenarios,thereby enhancing adaptive capability.Heterogeneity analysis indicates that the positive effect of data assets on manufacturing firms'value chain upgrading is more pronounced in non-state-owned enterprises,firms with higher executive digital literacy,regions with open public data,and environments with lower economic policy uncertainty.This study reveals the intrinsic logic of data assets transmitting through dynamic capabilities to achieve value chain upgrading,providing theoretical and practical references for transitioning data assets from balance sheet recognition to value realization.关键词
数据资产/动态能力/创新能力/价值链升级Key words
data assets/dynamic capabilities/innovation capability/value chain upgrading分类
管理科学引用本文复制引用
王兴启,李吉,刘义超,周云波..数据资产、动态能力与制造业企业价值链升级[J].证券市场导报,2026,(4):13-23,37,12.基金项目
国家社会科学基金项目"国家创新体系整体效能的统计测度与提升路径研究"(批准号:23BTJ003) （批准号:23BTJ003）
