关键词: 数据资产信息披露, 商业信用融资, 企业声誉, 信息透明度

Abstract: With the increasing value of data, corporate data asset information disclosure has become an important basis for stakeholders to make decision. This paper takes A-share non-financial listed companies from 2016 to 2022 as the research samples to explore the impact of date asset information disclosure on corporate commercial credit financing. The results show that date asset information disclosure can facilitate enterprises’ access to trade credit financing from suppliers, and this positive effect is mainly achieved by enhancing corporate reputation and improving the transparency of corporate information. The heterogeneity analysis shows that when the level of supplier data asset information disclosure is high, the concentration of suppliers in the enterprise is low, and the level of financial development in the region where the enterprise is located is low, the promotion effect of data asset information disclosure on enterprise commercial credit financing is more significant. The economic consequence analysis shows that data asset information disclosure can enhance the stability of enterprise supply chain and promote cooperation and innovation between upstream and downstream enterprises in the supply chain by promoting enterprise commercial credit financing. Therefore, enterprises should actively and standardly disclose data asset information, while the government should strengthen supervision of enterprise data asset information disclosure.

Key words: date asset information disclosure, commercial credit financing, corporate reputation, information transparency