On Party-Building Activities,Non-cognitive Abilities,and Economic Performance——A Study Based on Data from State-owned Enterprises
In the new stage of high-quality economic development,considerable studies have been conducted on the positive effects of party-building activities on economic entities.However,the mechanism and path transmission of the positive economic effects of party-building activities are still subject to controversy and exploration.This study,based on a new human capital framework,analyzes the mechanism of the impact of party-building activities on economic performance through the allocation of leisure time.The study finds that party-building activities within enterprises significantly enhance employees'job performance,and this conclusion still holds after conducting endogenous tests by constructing a"virtual friend circle".Further analysis reveals that party-building activities primarily enhance employees'non-cognitive abilities within leisure time allocation,specifically improving their conscientiousness and agreeableness,thereby enhancing their job performance.This study,thus,provides positive evidence and a basis for decision-making on how party-building activities can enhance the human capital and improve corporate performance in the context of China's national conditions.
party-building activitieshuman capitalcorporate performanceleisure time