Can Digitalization of Human Resource Management Enhance Efficiency in Labor Resource Allocation for Enterprises?
This study,built on data from A-share listed companies from 2011 to 2022,employs the pilot implementation of electronic labor contracts as a quasi-natural experiment to empirically examine the impact of digitalization in human resource management on the efficiency of labor resource allocation for enterprises.The research findings indicate that digitalization in human resource management can boost the efficiency of labor resource allocation for enterprises.This conclusion is robustly supported by various sensitivity tests such as replacing the measure of explained variables and propensity score matching.Heterogeneity analysis reveals that digitalization in human resource management has a significant impact on enterprises in regions with a higher degree of marketization,enterprises facing labor shortages,and enterprises with a higher level of digital technology application.Mechanism testing further suggests that digitalization of human resource management strengthens the efficiency of labor resource allocation by elevating the level of technological innovation within enterprises and reducing information asymmetry.Furthermore,additional analysis unveils that labor market thickness plays a positive moderating role in the digitalization of human resource management improving the efficiency of labor resource allocation for enterprises.Therefore,further pilot work on electronic labor contracts should be carried out to make digitalization in human resource management a new driving force for refining the efficiency of labor resource allocation for enterprises.
Digitalization of Human Resource ManagementEfficiency in Labor Resource AllocationTechnological InnovationInformation AsymmetryDigital Technology