数字化转型与企业劳动投资效率

摘要以2012—2021年沪深A股非金融类上市企业为研究对象,从企业数字化转型视角探讨了非效率劳动投资行为的治理机制。结果表明:数字化转型能够显著提升企业劳动投资效率,该结论在经过若干内生性处理及稳健性测试后依然成立。作用机制检验表明,数字化转型能够发挥信息效应与治理效应,主要通过改善企业信息透明度和内部控制质量提升企业劳动投资效率。异质性分析发现,在非国有企业和劳动要素密集度较高的企业、竞争性行业以及劳动者维权环境较差的地区,数字化转型提升企业劳动投资效率的效应更为明显。研究结论为深入理解数字技术如何赋能实体企业高质量发展提供了新的视角与经验证据,丰富和拓展了企业数字化转型经济效应的相关研究,也为进一步提升企业劳动投资效率提供了有益的政策启示。

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	喻彪
	杨刚
	李沁洋

关键词：劳动投资效率数字化转型信息效应治理效应信息透明度内部控制质量

Abstract： Under the background of China’s booming digital economy and the gradual elimination of demographic dividend, this paper takes Shanghai and Shenzhen A-share non-financial listed enterprises from 2012 to 2021 as the research object, and examines the governance mechanism of inefficient labor investment behavior from the perspective of corporate Digital transformation. The results show that Digital transformation can significantly improve enterprise labor investment efficiency, which is still true after several endogenous treatments and robustness tests; The mechanism test shows that Digital transformation can play an information effect and governance effect, mainly by improving the transparency of enterprise information and the quality of internal control, thereby improving the efficiency of enterprise labor investment; The heterogeneity analysis found that in non-state-owned enterprises, enterprises with high labor factor intensity, competitive industries and areas with poor labor rights protection environment, the effect of Digital transformation on improving enterprise labor investment efficiency was more obvious. The research conclusions provide new perspectives and empirical evidence for in-depth understanding of how digital technology enables high-quality development of real enterprises, enrich and expand relevant research on the economic effects of enterprises’ Digital transformation, and also provide useful policy enlightenment for further improving the efficiency of enterprises’ labor investment.

Keywords： Labor Investment Efficiency Digital Transformation Information Effect Governance Effect Information Transparency Internal Control Quality

收稿日期 2022-10-17; 接受日期 ;

基金资助:国家社会科学基金项目(22FGLB093);重庆市社会科学规划项目(2021NDYB047)

作者简介: 喻彪(1986— ),男,湖南安乡人,博士研究生,主要从事产业经济与公司治理研究;杨刚(1969— ),男,重庆人,教授,博士生导师,主要从事产业经济与公司治理研究;李沁洋(1988— ),女,重庆人,博士,副教授,主要从事资本市场与公司金融研究。

引用本文:

喻彪, 杨刚, 李沁洋.数字化转型与企业劳动投资效率[J]. 经济经纬, 2023,4: 93-103

YU Biao, YANG Gang, LI Qinyang.Digital Transformation and Enterprise Labor Investment Efficiency[J] Economic Survey, 2023,V40(4): 93-103

链接本文:

http://www.jjjw.org.cn/CN/ 或 http://www.jjjw.org.cn/CN/Y2023/V40/I4/93

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