Local Talent Introduction Policies and Corporate Cost Management Decisions
It has become evident that understanding how to implement local policies to introduce talent into micro-firm behaviour is crucial to promoting high-quality economic development.This paper takes local talent introduction policies as a natural experiment and uses the staggered difference-in-differences(DID)method to examine the impact of these policies on local firms'intertemporal cost decisions.The research reveals that local talent introduction policies have increased cost stickiness in firms,improved intertemporal cost decision-making,and optimized efficiency in resource allocation in the long term.The main reason for this is that local talent introduction policies promote talent demand competition and improve confidence in the development of local firms,prompting firms to pay greater attention to the creation of long-term incentive mechanisms and investment in long-term values,thus reducing firms'motivation to reduce their investment in resources when their business sales decline.From the perspective of the micro-firm cost,the study reveals the micromechanism by which local talent introduction policies affect the economic essence,which not only provides theoretical references for the formulation and implementation of talent policies,but also enriches research on human capital theory and cost management.
talent introduction policiescost stickinesshuman capitalhigh-quality development
NETL
NSTL
万方数据
维普
