{"id":"https://openalex.org/W4399146942","doi":"https://doi.org/10.1145/3659211.3659329","title":"The Impacts of Digital Economy on Enterprises\u2019 Market Value","display_name":"The Impacts of Digital Economy on Enterprises\u2019 Market Value","publication_year":2023,"publication_date":"2023-12-08","ids":{"openalex":"https://openalex.org/W4399146942","doi":"https://doi.org/10.1145/3659211.3659329"},"language":"en","primary_location":{"id":"doi:10.1145/3659211.3659329","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3659211.3659329","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2023 4th International Conference on Big Data Economy and Information Management","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5056544538","display_name":"Haifeng Pang","orcid":"https://orcid.org/0000-0001-5564-5250"},"institutions":[{"id":"https://openalex.org/I41208885","display_name":"Harbin University of Commerce","ror":"https://ror.org/03zsxkw25","country_code":"CN","type":"education","lineage":["https://openalex.org/I41208885"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Haifeng Pang","raw_affiliation_strings":["School of Finance, Harbin University of Commerce, China"],"raw_orcid":"https://orcid.org/0000-0001-5564-5250","affiliations":[{"raw_affiliation_string":"School of Finance, Harbin University of Commerce, China","institution_ids":["https://openalex.org/I41208885"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5033177998","display_name":"Minghui Han","orcid":"https://orcid.org/0009-0003-9833-3582"},"institutions":[{"id":"https://openalex.org/I41208885","display_name":"Harbin University of Commerce","ror":"https://ror.org/03zsxkw25","country_code":"CN","type":"education","lineage":["https://openalex.org/I41208885"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Minghui Han","raw_affiliation_strings":["School of Finance, Harbin University of Commerce, China"],"raw_orcid":"https://orcid.org/0009-0003-9833-3582","affiliations":[{"raw_affiliation_string":"School of Finance, Harbin University of Commerce, China","institution_ids":["https://openalex.org/I41208885"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5056544538"],"corresponding_institution_ids":["https://openalex.org/I41208885"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.27412099,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"687","last_page":"691"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9950000047683716,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9950000047683716,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12722","display_name":"Innovation Policy and R&D","score":0.983299970626831,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12659","display_name":"Innovation Diffusion and Forecasting","score":0.9656999707221985,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/digitization","display_name":"Digitization","score":0.7629522085189819},{"id":"https://openalex.org/keywords/robustness","display_name":"Robustness (evolution)","score":0.6001185774803162},{"id":"https://openalex.org/keywords/digital-economy","display_name":"Digital economy","score":0.5923527479171753},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.5556111335754395},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.5515154600143433},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5144898891448975},{"id":"https://openalex.org/keywords/government","display_name":"Government (linguistics)","score":0.48339834809303284},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.38317662477493286},{"id":"https://openalex.org/keywords/market-economy","display_name":"Market economy","score":0.3568926453590393},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.12182894349098206},{"id":"https://openalex.org/keywords/telecommunications","display_name":"Telecommunications","score":0.07888063788414001}],"concepts":[{"id":"https://openalex.org/C2779308522","wikidata":"https://www.wikidata.org/wiki/Q843958","display_name":"Digitization","level":2,"score":0.7629522085189819},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.6001185774803162},{"id":"https://openalex.org/C203043789","wikidata":"https://www.wikidata.org/wiki/Q138461","display_name":"Digital economy","level":2,"score":0.5923527479171753},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5556111335754395},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5515154600143433},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5144898891448975},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.48339834809303284},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.38317662477493286},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.3568926453590393},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.12182894349098206},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.07888063788414001},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3659211.3659329","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3659211.3659329","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2023 4th International Conference on Big Data Economy and Information Management","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.4000000059604645}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":10,"referenced_works":["https://openalex.org/W2036417671","https://openalex.org/W2074735287","https://openalex.org/W2110115198","https://openalex.org/W2149408458","https://openalex.org/W2802161686","https://openalex.org/W2912800036","https://openalex.org/W2999073038","https://openalex.org/W3122252805","https://openalex.org/W3123079102","https://openalex.org/W3124707757"],"related_works":["https://openalex.org/W1539704186","https://openalex.org/W4254109238","https://openalex.org/W2399890175","https://openalex.org/W4308177873","https://openalex.org/W3202479762","https://openalex.org/W2480493049","https://openalex.org/W2592115649","https://openalex.org/W4322582183","https://openalex.org/W1937392525","https://openalex.org/W2347632764"],"abstract_inverted_index":{"Digital":[0],"economy":[1,37,88,116],"empowers":[2],"enterprises":[3],"with":[4,52],"new":[5],"development":[6],"momentum,":[7],"can":[8],"it":[9],"create":[10],"market":[11,40,50,91],"value":[12,51,92],"for":[13,109],"firms?":[14],"Based":[15],"on":[16,38,89],"the":[17,26,33,58,74,83,94,97,110],"data":[18],"of":[19,35,86,96],"Chinese":[20,111],"A-share":[21],"listed":[22],"firms":[23],"from":[24],"2010-2019,":[25],"econometric":[27],"model":[28],"is":[29],"used":[30],"to":[31,113],"study":[32,43],"impacts":[34],"digital":[36,87,115],"firms\u2019":[39],"value.":[41],"The":[42],"finds":[44],"that":[45],"digitization":[46],"significantly":[47],"enhances":[48],"firms'":[49],"some":[53],"heterogeneous":[54],"characteristics.":[55],"In":[56],"addition,":[57],"results":[59],"remain":[60],"robust":[61],"after":[62],"performing":[63],"robustness":[64],"tests":[65],"and":[66,76,102],"solving":[67],"endogenous":[68],"issues":[69],"through":[70],"methods":[71],"such":[72],"as":[73],"SYS\u2014GMM":[75],"2SLS":[77],"model.":[78],"This":[79],"paper":[80],"comprehensively":[81],"analyzes":[82],"differential":[84],"effects":[85],"firm's":[90,99,103],"at":[93],"level":[95],"firms,":[98],"respective":[100,104],"industries,":[101],"regions,":[105],"providing":[106],"valuable":[107],"insights":[108],"government":[112],"optimize":[114],"policies.":[117]},"counts_by_year":[],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
