From silos to markets: How data factor marketization drives digital-physical technology integration

Paper Title:
From silos to markets: How data factor marketization drives digital-physical technology integration
Authors:
Pengfei Zhang (Xiamen University of Technology)
Ruilin Zhang (Xiamen University of Technology)
Zitong Liu (Xiamen University of Technology)
Date: October 31, 2025
Overview:
This replication package contains all publicly available synthetic data, Stata codes, and documentation necessary to reproduce the main empirical results reported in the above-mentioned paper.
The study investigates how the establishment of data-trading platforms promotes the digital-physical technology integration (DPTI) of Chinese A-share listed firms from 2008 to 2023, using a staggered DID framework. The package is designed to enhance research transparency and facilitate independent verification of all statistical findings.

### 论文标题：
从数据孤岛到市场：数据要素市场化如何推动数字-物理技术融合
### 作者：
张鹏飞（厦门理工学院）
张瑞琳（厦门理工学院）
刘梓桐（厦门理工学院）
### 日期：
2025年10月31日
### 概况：
本复现包包含复现上述论文主实证结果所需的全部公开合成数据、Stata代码与说明文档。
本研究采用渐进式双重差分（staggered DID）框架，考察2008至2023年中国A股上市公司的数据交易平台设立如何推动其数字-物理技术融合（digital-physical technology integration, DPTI）。本复现包旨在提升研究透明度，便于独立复现并验证所有统计发现。