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How smart city building improved corporate performance: empirical evidence of China’s a-share listed companies

Author

Listed:
  • Xiaoli Jiang

    (China University of Geosciences Beijing)

  • Xue Han

    (Beijing Urban Construction No.7 Engineering CO., LTD)

  • Li Xue

    (Shenyang Jianzhu University)

  • Zhuo Yu

    (City University of Hong Kong)

  • Shuo Wei

    (Tongji University)

  • Hejun Xu

    (Jiangsu University of Science and Technology)

Abstract

Smart city construction is crucial for regional economic development, and the micro-level impact of such construction on business operations cannot be ignored. Based on the panel data of Shanghai and Shenzhen A-share listed companies from 2008 to 2020, this paper investigates the relationship between smart city construction and firm performance and its mechanism of action. The study findings show that (1) smart city construction significantly improves enterprise performance; (2) the improvements are significant across all industries and regions; and (3) the impact of smart city construction on small and medium-sized enterprises (SMEs) and nonstate enterprises is more significant than that on large enterprises and state-owned enterprises. These findings provide a theoretical framework and fresh perspectives for encouraging coordinated regional development and new urbanization construction.

Suggested Citation

  • Xiaoli Jiang & Xue Han & Li Xue & Zhuo Yu & Shuo Wei & Hejun Xu, 2023. "How smart city building improved corporate performance: empirical evidence of China’s a-share listed companies," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-8, December.
    • Handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02448-6
    DOI: 10.1057/s41599-023-02448-6
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    References listed on IDEAS

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    1. Li, Chengming & Zhang, Xinyi & Dong, Xiaoqi & Yan, Qiangming & Zeng, Liangen & Wang, Zeyu, 2023. "The impact of smart cities on entrepreneurial activity: Evidence from a quasi-natural experiment in China," Resources Policy, Elsevier, vol. 81(C).
    2. Wang, Jinxiu & Deng, Kun, 2022. "Impact and mechanism analysis of smart city policy on urban innovation: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 574-587.
    3. Meijing Song & Yuan Xiao & Yige Zhou, 2023. "How Does the Smart City Policy Influence Digital Infrastructure? Spatial Evidence from China," Land, MDPI, vol. 12(7), pages 1-14, July.
    4. Shuai Liu & Guoxin Jiang & Le Chang & Lin Wang, 2022. "Can the Smart City Pilot Policy Promote High-Quality Economic Development? A Quasi-Natural Experiment Based on 239 Cities in China," Sustainability, MDPI, vol. 14(23), pages 1-17, November.
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