Government Governance in the Big Data Era: Digital Government and Corporate R&D Manipulation

Meng Yuan, Yang Rong

The Journal of World Economy ›› 2024, Vol. 47 ›› Issue (1) : 118-149.

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The Journal of World Economy ›› 2024, Vol. 47 ›› Issue (1) : 118-149.

Government Governance in the Big Data Era: Digital Government and Corporate R&D Manipulation

  • Meng Yuan, Yang Rong
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Abstract

Using a sample of A-share listed companies between 2014 and 2021 and based on the specific industrial policy of “Management Measures for the Recognition of High-tech Enterprises”, this paper employs the bunching method to examine whether companies have obtained high-tech enterprise status through R&D manipulation. Drawing on this, and using the reform of big data management institutions in various regions as a quasi-natural experiment, the paper employs the difference-in-differences (DID) model to explore the impact that digital government exerts on corporate R&D manipulation. The research reveals that the phenomenon of R&D manipulation is often prevalent among China’s listed companies. However, the development of digital government has significantly suppressed corporate R&D manipulation activities. The key reason for all this lies in the fact that digital government development has been effectively enhancing the government’s capacity to oversee corporate R&D manipulation. Furthermore, the influence of digital government on corporate R&D manipulation is particularly prominent in samples of non-state-owned enterprises and in some cases where internet and media supervision is weak. This paper offers theoretical and empirical evidence for the government to leverage industrial policies more effectively in the new digital era.

Key words

digital government / R&D manipulation; / industrial policy / big data management institution reform

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Meng Yuan, Yang Rong. Government Governance in the Big Data Era: Digital Government and Corporate R&D Manipulation[J]. The Journal of World Economy, 2024, 47(1): 118-149

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