A Study on the Impact of the Establishment of National Big Data Comprehensive Pilot Zone on Enterprises’ Cross-Regional Cooperative Innovation

Abstract

Abstract: As a new type of production factor, the development of big data is reshaping enterprises’ innovation behavior and promoting more cross-regional cooperative innovation. Using the number of cross city cooperative patent applications by enterprises to measure their level of cross regional cooperative innovation, and based on the data of Chinese A-share listed companies from 2010 to 2021, this study systematically investigates the impact of the establishment of national big data comprehensive experimental zones on cross regional cooperative innovation of enterprises by applying the new method of stacked double difference. The findings reveal that the establishment of national big data comprehensive experimental zones has significantly improved the level of cross regional cooperation and innovation among enterprises. This conclusion still holds true after such robustness tests as parallel trend testing, placebo testing, and instrumental variable regression. The establishment of the National Big Data Comprehensive Experimental Zone mainly enhances the level of cross regional cooperation and innovation among enterprises by promoting digital technology innovation, strengthening innovative“star enterprises”, and improving business environments. The establishment of the National Big Data Comprehensive Experimental Zone has significantly improved the level of cross regional cooperation and innovation between enterprises and new partners, and has a greater promoting effect on high-quality and cross regional cooperation and innovation between enterprises. Therefore, it is essential to seize the current opportunities presented by big data and fully harness the promoting effect of the establishment of NBDPZ on enterprises’ cross-regional cooperative innovation. By leveraging big data to empower social governance, a more open and integrated regional collaborative innovation system will be established.

Key words: big data, enterprises’ cross-regional cooperative innovation, National Big Data Comprehensive Pilot Zone, stacked difference in differences

CLC Number:

F204

Cao Qing-feng. A Study on the Impact of the Establishment of National Big Data Comprehensive Pilot Zone on Enterprises’ Cross-Regional Cooperative Innovation[J]. Contemporary Finance & Economics, 2025, 0(6): 112-124.

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