In the era of the digital economy, enhancing enterprise resilience has become a strategic imperative for sustainable manufacturing development. However, the micro-level mechanisms through which data element policies, specifically China’s National Big Data Comprehensive Pilot Zone, empower enterprise resilience remain insufficiently explored. To address this gap, this study leverages the policy rollout as a quasi-natural experiment and employs a multi-period difference-in-differences approach to analyze panel data of listed manufacturing firms. The results reveal that enterprises within pilot zones exhibit a 2.3% average increase in resilience compared to non-pilot counterparts. This effect is significantly amplified by enterprise digital transformation and regional innovation-entrepreneurship vitality. Mechanism analysis further identifies that the policy enhances resilience primarily by reducing supply chain coordination costs and improving relationship stability, with additional positive spillovers observed in adjacent cities. These findings highlight the disruptive potential of big data in reshaping corporate resilience paradigms and provide empirical support for scaling data-driven industrial policies to foster high-quality economic development.
Wang et al. (Mon,) studied this question.
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