Can open government data policy improve firm performance? Evidence from listed firms in China

Our study aims to understand the impact of open government data (OGD) policy on firm performance and the moderating role of firm characteristics. The difference-in-difference model is used to analyze 10-year panel data from 477 Chinese listed firms. The findings indicate that (a) OGD policy positively affects firm performance; (b) firm size positively moderates the relationship between OGD policy and firm performance; (c) R&D intensity nonlinearly moderates the relationship between OGD policy and firm performance; and (d) OGD policy significantly affects state-owned firms. This paper provides suggestions for improving OGD policy and OGD market construction.