【摘要】 基于2007—2023年的沪深A股战略性新兴企业数据，实证检验数据要素市场化对战略性新兴企业突破式创新的影响。研究发现：数据要素市场化显著提高了战略性新兴企业的突破式创新水平；数据要素市场化通过降低研发不确定性、缓解创新风险、提升研发活跃度与创新活跃度来提高突破式创新水平；在数据资产信息披露程度较低、数据要素利用能力较弱、技术创新资产积累较高、所在城市数字鸿沟程度较低的企业中，这一政策效应更为显著。更多还原

【Abstract】 Based on panel data of strategic emerging enterprises listed on the Shanghai and Shenzhen A-share markets from2007 to 2023, this study empirically examined the impact of data factor marketization on breakthrough innovation. The results showed that data factor marketization significantly enhanced the level of breakthrough innovation among strategic emerging enterprises. This effect was transmitted through four channels: reducing R&D uncertainty, mitigating innovation risk, improving R&D intensity, and enhancing innovation intensity. This policy effect was more pronounced in firms with lower levels of data asset disclosure, weaker capacities to utilize data factors, higher accumulation of technological innovation assets, and those located in cities with relatively narrow digital divides.更多还原