Enterprise Digitalization Boosts Labor Force Allocation Efficiency:Mechanism and Heterogeneity
Seizing the opportunities of digitalization,unleashing economic vitality,fully leveraging the advantages of the digital economy,promoting deep integration between digital technology and the real economy,empowering the transformation and upgrading of traditional industries,optimizing resource allocation,has become the mission of the times for enterprises and a strategic high ground that needs to be seized urgently.Against this backdrop,digital transformation of enterprises has drawn wide attention from the political sphere,academia,and various industries.Optimizing the market-oriented allocation of labor factors is conducive to smoothing the circulation of the national economy,enhancing the market's resource allocation function,and is the necessary path to achieving high-quality economic development in our country.With the rapid development of the digital economy and the deep integration of digital technology with the real economy,an opportunity is provided for enterprises to enhance their own factor allocation through digital transformation.Based on a sample of non-financial listed companies on the Shanghai and Shenzhen stock exchanges from 2007 to 2021,this paper constructs indicators of the degree of digital transformation at the enterprise level and labor allocation efficiency to investigate the impact of enterprise digital transformation on the allocation of labor resources.The specific conclusions are as follows:(1)At the current stage,enterprise digital transformation is conducive to optimizing the efficiency of labor factor allocation,improving labor allocation efficiency by around 3.2％,as verified by robustness tests;(2)Mechanism analysis indicates that enterprise digital transformation mainly improves labor allocation efficiency through channels such as improving information quality,incentivizing corporate innovation,and optimizing internal governance;(3)Heterogeneity analysis shows that digital transformation has varying degrees of impact on labor allocation efficiency in enterprises with different ownership nature,factor intensiveness,monopoly degree,and human capital level.Specifically,the impact of digital transformation on labor allocation efficiency is relatively small or even negative in state-owned enterprises,capital-intensive enterprises,monopoly enterprises,and enterprises with low human capital;(4)Further analysis reveals that enterprise digital transformation has not caused a"siphoning"effect on human capital,thus promoting rational allocation of labor across enterprises with different levels of digitalization.Based on the research conclusions,reasonable suggestions and ideas with reference significance are proposed for how enterprises can seize the opportunities of digital transformation to improve factor allocation efficiency and how the government can guide enterprises in digital transformation and maintain market competition order.
万方数据
维普
