The impact of digital yellow diamond on financial resilience2014-2023

This data describes the impact of digital transformation on financial resilience. Among them, innovation capability, financing constraints, and government subsidies play a mediating role, while other variables are control variables. This article selects data from A-share listed companies in Shanghai and Shenzhen from 2014 to 2023 as the research sample through Wind database and CSMAR database. To reduce the negative impact of special sample data on the results, this article has processed the sample data of the above-mentioned companies as follows. (1) Exclude data from ST and * ST enterprises. (2) Exclude data from companies in the financial industry. (3) Exclude sample data with severe missing data and extreme values. (4) Exclude sample data with abnormal financial conditions. (5) Use median to fill in a small amount of missing data. Finally, a total of 19800 observations were obtained from the data of 1980 A-share listed companies in Shanghai and Shenzhen. To mitigate the impact of outliers, we applied Winsorization at the 1% level to continuous variables. Use Excel 2016 and Stata 17.0 for data processing and cleaning.