Business

Does corporate digitalization promote labor investment efficiency? Evidence from Chinese listed companies

Y. Yan, M. Wang, et al.

Explore the exciting findings of new research by Youliang Yan, Maochuan Wang, and Jieji Lai, as they examine how corporate digitalization significantly enhances labor investment efficiency in Chinese companies. Their study uncovers mechanisms through which digitalization refines labor input judgments and accelerates employment adjustments, offering vital insights for modern business strategies.

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Playback language: English

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Abstract

This study investigates the impact of corporate digitalization on labor investment efficiency using data from Chinese listed companies (2007-2023). The findings reveal a positive association between corporate digital development and labor investment efficiency. Mechanism tests suggest that digitalization improves precise labor input judgment, accelerates employment adjustment, facilitates high-quality workforce recruitment, and enhances management oversight. The positive effect is more pronounced in firms located in regions with stronger labor protection, highly competitive industries, and non-state-owned enterprises. Digitalization mitigates both over- and underinvestment, mainly affecting hiring practices. The study contributes to the literature on labor investment efficiency determinants and offers practical insights into the role of digitalization in firm decision-making.

Publisher

Humanities and Social Sciences Communications

Published On

Sep 27, 2024

Authors

Youliang Yan, Maochuan Wang, Jieji Lai

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