Digital-transformation posture–behaviour alignment and

Hao Zhu's replication package contains a balanced panel of 500 leading Chinese A-share manufacturers from 2015 to 2024, comprising 4,888 firm-years and 86 variables. The dataset includes a 120-keyword digital transformation dictionary and full Python code for econometric analysis. All raw data were sourced from public Chinese financial APIs via the AKShare interface.

Use Cases

• Analyzing the relationship between digital transformation posture and firm behavior based on the 86-variable panel.
• Replicating econometric models (e.g., system-GMM, IV-2SLS) for supply chain resilience research using the provided scripts.
• Building a custom digital transformation keyword dictionary based on the provided 120-keyword, 9-category list.
• Conducting sensitivity and robustness checks (e.g., Oster δ, Rosenbaum Γ) for causal inference studies.
• Studying the impact of trade-induced disruptions on manufacturing network reconfiguration.

Strengths

• Includes a balanced panel of 500 firms over 10 years (2015-2024), resulting in 4,888 firm-year observations.
• Provides a full replication package with Python code for 12 analysis scripts and results tables, ensuring reproducibility.
• Contains a structured 120-keyword dictionary for digital transformation measurement across 9 categories.
• All data sourced from three public APIs (CNINFO, Sina Finance, Xueqiu) via the open-source AKShare tool.

Limitations

• Column-level documentation is absent from the provided metadata; field semantics must be inferred from the separate data dictionary file after download.
• Row count for individual component files is unknown, which may limit suitability assessment before download.
• The dataset is focused on Chinese A-share manufacturers, which may limit generalizability to other regions or sectors.

Provenance

Source

CNINFO disclosure platform, Sina Finance API, and Xueqiu API via the AKShare Python interface.

Collection Method

Data gathered via open-source API calls and compiled into a panel dataset for econometric analysis.

Time Range

2015 to 2024

Freshness

Last updated 2026-05-08 12:02:55.

Geography

China (A-share listed manufacturers)