数字经济发展能提高企业劳动投资效率吗

当代财经 ›› 2022, Vol. 0 ›› Issue (1): 78-89.

数字经济发展能提高企业劳动投资效率吗

翟淑萍, 韩贤, 毛文霞

天津财经大学会计学院,天津 300222

收稿日期:2021-03-31 出版日期:2022-01-15 发布日期:2022-02-23
通讯作者: 韩贤,天津财经大学博士研究生,主要从事资本市场与公司财务研究,联系方式hanxian0801@163.com;
作者简介:翟淑萍,天津财经大学教授,经济学博士,博士生导师,主要从事资本市场与公司财务研究;毛文霞,天津财经大学博士研究生,主要从事资本市场与公司财务研究。

Can the Development of Digital Economy Improve the Efficiency of Labor Investment in Enterprises?

ZHAI Shu-ping, HAN Xian, MAO Wen-xia

Tianjin University of Finance and Economics, Tianjin 300222, China

Received:2021-03-31 Online:2022-01-15 Published:2022-02-23

摘要/Abstract

摘要： 以2011—2018年沪深A股上市公司为样本,探讨了数字经济发展对企业劳动投资效率的影响。研究发现,数字经济发展可以有效地提升企业劳动投资效率;路径研究表明,数字经济发展引导企业优化人力资本结构、削弱管理层权力,进而提升企业劳动投资效率。进一步地从劳动密集度、产权性质和外部制度环境三个方面探讨二者关系的异质性。结果显示,数字经济发展对劳动密集度高的企业劳动投资效率的提升效应更强;数字经济发展显著提升了劳动过度投资的国有企业和劳动投资不足的民营企业的劳动投资效率;较少的政府干预和良好的法制环境是数字经济发展对企业劳动投资效率发挥效应的重要基础条件。

关键词: 数字经济发展, 劳动投资效率, 人力资本结构, 管理层权力

Abstract: Taking the A-share listed companies in Shanghai and Shenzhen stock markets from 2011 to 2018 as samples, this paper explores the impact of the development of digital economy on the efficiency of labor investment. The findings show that the development of digital economy can effectively improve the efficiency of corporate labor investment. The results of the research on the influence path show that the development of digital economy can improve the efficiency of corporate labor investment by leading the enterprises to optimizing the structure of human capital and weakening the power of the management. Then, it further explores the heterogeneity of the relationship between the development of the digital economy and the efficiency of corporate labor investment from the three aspects of labor intensity, property rights and external institutional environment. The results indicate that the development of digital economy has a stronger effect on the improvement of labor investment efficiency of the enterprises with higher labor intensity, that the development of digital economy has significantly improved the labor investment efficiency of the state-owned enterprises with over-investment in labors and the private enterprises with underinvestment in labors, and that less government intervention and a good legal environment are important basic conditions for the development of digital economy to play a role in improving the efficiency of labor investment in enterprises.

Key words: development of digital economy, efficiency of labor investment, structure of human capital, power of management

中图分类号:

翟淑萍, 韩贤, 毛文霞. 数字经济发展能提高企业劳动投资效率吗[J]. 当代财经, 2022, 0(1): 78-89.

ZHAI Shu-ping, HAN Xian, MAO Wen-xia. Can the Development of Digital Economy Improve the Efficiency of Labor Investment in Enterprises?[J]. Contemporary Finance & Economics, 2022, 0(1): 78-89.

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