【摘要】 充分的信息披露是资本市场有效运行的关键，而企业数据资产信息披露是上市公司披露的重要内容。以2007—2023年中国A股上市公司为样本，研究了企业数据资产信息披露对企业供应链配置的影响及其影响机制。结果表明，数据资产信息披露能提高企业的声誉、缓解企业的融资约束和促进企业技术创新，因而数据资产信息披露能降低企业的供应链集中度和促进企业供应链多元化发展。异质性分析表明，在分析师关注度高的企业和金融科技发展水平高的地区的企业中，数据资产信息披露更能促进企业供应链多元化发展。经济后果分析表明，因为数据资产信息披露促进了企业供应链多元化发展，所以数据资产信息披露降低了企业的现金流风险。为此，要完善数据资产信息披露制度，引导企业积极履行数据资产信息披露义务。更多还原

【Abstract】 Adequate information disclosure is essential for the effective functioning of capital markets, while disclosure of corporate data assets is a crucial component in the information disclosure of listed companies. Taking Chinese A-share listed companies from 2007 to 2023 as samples, this paper investigates the effects and mechanisms of corporate data asset disclosure on firms’ supply chain configurations. The findings reveal that data asset disclosure can improve a company’s reputation, alleviate financing constraints, and promote technological innovation. Therefore, data asset information disclosure can reduce the concentration of a company’s supply chain and promote the diversified development of its supply chain. The heterogeneity analysis shows that in companies with high analyst attention and companies in regions with good levels of financial technology development, data asset information disclosure is more effective in promoting the diversified development of enterprise supply chains. The economic consequence analysis shows that because data asset information disclosure promotes the diversified development of enterprise supply chains, it reduces the cash flow risk of enterprises. To this end, it is necessary to improve the system of data asset information disclosure and guide enterprises to actively fulfill their obligations of data asset information disclosure.更多还原