IDEAS home Printed from https://ideas.repec.org/a/pal/palcom/v10y2023i1d10.1057_s41599-023-02448-6.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41599-023-02448-6
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s41599-023-02448-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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. 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.
    3. 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.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tiantian Gu & Shuyu Liu & Xuefan Liu & Yujia Shan & Enyang Hao & Miaomiao Niu, 2023. "Evaluation of the Smart City and Analysis of Its Spatial–Temporal Characteristics in China: A Case Study of 26 Cities in the Yangtze River Delta Urban Agglomeration," Land, MDPI, vol. 12(10), pages 1-23, September.
    2. Eryu Zhang & Xiaoyu He & Peng Xiao, 2022. "Does Smart City Construction Decrease Urban Carbon Emission Intensity? Evidence from a Difference-in-Difference Estimation in China," Sustainability, MDPI, vol. 14(23), pages 1-16, December.
    3. Xin Tan & Jinfang Jiao & Ming Jiang & Ming Chen & Wenpeng Wang & Yijun Sun, 2024. "Digital Policy, Green Innovation, and Digital-Intelligent Transformation of Companies," Sustainability, MDPI, vol. 16(16), pages 1-23, August.
    4. Zhong, Changbiao & Zhang, Chao, 2024. "Can data elements enhance urban innovation? Evidence from China," China Economic Review, Elsevier, vol. 88(C).
    5. Cui, Jingjing & Zhang, Qi & Wang, Qianyu, 2024. "Investigating the interactive effects between venture capital and urban innovation capabilities: New evidence from a spatial simultaneous equations model," Finance Research Letters, Elsevier, vol. 67(PB).
    6. Zongcheng Xie & Xuanzhi Yang, 2025. "How Can the Business Environment Promote Urban Innovation and High-Quality Development?—A Qualitative Comparative Analysis Based on the Perspective of Configuration," Sustainability, MDPI, vol. 17(2), pages 1-21, January.
    7. Peng, Zihao & Huang, Yiqi & Liu, Luanhong & Xu, Wanli & Qian, Xihong, 2024. "How government digital attention alleviates enterprise financing constraints: An enterprise digitalization perspective," Finance Research Letters, Elsevier, vol. 67(PB).
    8. Chen, Fanglin & Zhang, Jie & Chen, Zhongfei, 2024. "Assessment of the effects of extreme temperature on economic activity," Ecological Economics, Elsevier, vol. 222(C).
    9. Daxin Gong & Xiaofan Shan, 2023. "How Does Smart City Construction Affect Urban–Rural Collaborative Development? A Quasi-Natural Experiment from Chinese Cities," Land, MDPI, vol. 12(8), pages 1-14, August.
    10. Qiu, Jun & Lyu, Ping & Tian, Min, 2024. "Do talent housing policies foster regional innovation? An analysis based on labor force heterogeneity," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 150-164.
    11. Qigang Yuan & Yongsheng Ji & Wei Zhang & Ting Lei, 2024. "Cross-Border E-Commerce and Urban Entrepreneurial Vitality—A Quasi-Natural Experiment Evidence from China," Sustainability, MDPI, vol. 16(5), pages 1-23, February.
    12. Yang, Shubo & Jahanger, Atif & Usman, Muhammad, 2024. "Examining the influence of green innovations in industrial enterprises on China's smart city development," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    13. Yang, Zhenbing & Zhao, Ziyi & Shao, Shuai & Yang, Lili, 2023. "Carbon regulation and enterprise investment: Evidence from China," Energy Economics, Elsevier, vol. 128(C).
    14. Liu, Hongwei & Zhang, Aodi & Wu, Jie, 2023. "Can industrial transfer improve urban innovation efficiency?," Socio-Economic Planning Sciences, Elsevier, vol. 90(C).
    15. Ali Cheshmehzangi & Tong Zou, 2024. "Literary Analysis of the Connection between Urban Innovations and Sustainable Development Goals (SDGs)," Sustainability, MDPI, vol. 16(15), pages 1-26, July.
    16. Xing Ji & Jia Chen & Hongxiao Zhang, 2024. "Smart city construction empowers tourism: mechanism analysis and spatial spillover effects," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    17. Linlin Wang & Zixin Zhou & Yi Chen & Liangen Zeng & Linlin Dai, 2024. "How Does Digital Inclusive Finance Policy Affect the Carbon Emission Intensity of Industrial Land in the Yangtze River Economic Belt of China? Evidence from Intermediary and Threshold Effects," Land, MDPI, vol. 13(8), pages 1-17, July.
    18. Chong Lu & Xingyu Qian, 2024. "Unbound hukou and rebound innovation in urban China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    19. Shengsheng Li & Yuanyuan Wang & Hasan Dincer & Serhat Yuksel & Dongyao Yu, 2023. "The Effects of New Urbanization Pilot City Policies on Urban Innovation: Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-15, July.
    20. Xiao Ling & Zhangwei Luo & Yanchao Feng & Xun Liu & Yue Gao, 2023. "How does digital transformation relieve the employment pressure in China? Empirical evidence from the national smart city pilot policy," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-17, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palcom:v:10:y:2023:i:1:d:10.1057_s41599-023-02448-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: https://www.nature.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.