DATA

This paper selects China's concept Sci-Tech innovation dual-class share listed companies spanning from 2013 to 2022, amounting to 94 in total, including OTC and delisted companies. The subsequent processing steps are undertaken based on the study's requirements. Initially, financial companies characterized by unique financial attributes are excluded. Subsequently, samples with complete data are included. Lastly, ST companies experiencing financial distress are removed. Ultimately, 81 valid corporate samples are acquired, comprising 336 data points. The data originates from the China Stock Market & Accounting Research Database (CSMAR) and is gathered manually.