上海管理科学2026，Vol.48Issue(3)：37-43,54,8.
公共数据开放、企业异质性与信息披露的"分流治理"效应
The"Divergent Governance"Effects of Open Public Data,Firm Heterogeneity,and Information Disclosure
许梦灵 1刘长奎1
作者信息
- 1. 东华大学 旭日工商管理学院,上海 200051
- 折叠
摘要
Abstract
Public data openness is an institutional innovation in data factor allocation.Using the phased launch of local platforms as a quasi-natural experiment,this study examines its heterogeneous impact on corporate disclosure from the perspectives of accounting conservatism and annual report risk disclo-sure.The results reveal a"divergent governance effect":it enhances accounting conservatism while re-ducing redundant risk descriptions.For firms with low analyst attention and weak internal controls,the policy plays a"supervisory reinforcement"role;for those with high analyst attention and sound in-ternal controls,it exerts an"information optimization"effect.The former stems from reduced analyst divergence and increased media attention,while the latter arises from digital transformation and im-proved operational efficiency.Market competition strengthens the"supervisory reinforcement"effect,and audit quality complements public data openness.This study provides evidence for differentiated regulation.关键词
公共数据开放/信息披露/会计稳健性/风险披露/企业异质性Key words
public data openness/information disclosure/accounting conservatism/risk disclosure/corporate heterogeneity分类
管理科学引用本文复制引用
许梦灵,刘长奎..公共数据开放、企业异质性与信息披露的"分流治理"效应[J].上海管理科学,2026,48(3):37-43,54,8.
