Abstract
This study utilizes the data of Chinese A–share listed companies from 2012 to 2022 to examine the relationship between data elements, industry concentration, and firms’ breakthrough innovation. Based on the empirical findings, data elements can promote firms’ breakthrough innovation, whereas industry concentration can inhibit such innovation. Meanwhile, research and development investment plays a mediating role in the relationship between data elements and firms’ breakthrough innovation. However, there is a difference in the impact of data elements on the breakthrough innovation between state-owned and non-state-owned enterprises.
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