Can Enterprise Digital Transformation Reduce Labor Cost Stickiness: An Examination Based on Internal Control

WANG Xian-bin; CHEN He

Volume 39 Issue 2

Mar. 2024

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2024 > 39(2): 71-87

WANG Xian-bin, CHEN He. Can Enterprise Digital Transformation Reduce Labor Cost Stickiness: An Examination Based on Internal Control[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(2): 71-87.

Citation:

WANG Xian-bin, CHEN He. Can Enterprise Digital Transformation Reduce Labor Cost Stickiness: An Examination Based on Internal Control[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(2): 71-87.

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Can Enterprise Digital Transformation Reduce Labor Cost Stickiness: An Examination Based on Internal Control

School of Economics, Jinan University, Guangzhou 510632, China

Received Date: 2023-12-22
Available Online: 2024-04-11
Publish Date: 2024-03-28

Abstract

Abstract

Under the tide of the global digital economy, the enterprise digital transformation has a profound impact on the operation management and cost. Based on the sample of A-share listed companies from 2010 to 2021, this paper constructs indicators of enterprise digital transformation and explores the effect of enterprise digital transformation on labor cost stickiness and its mechanism generation. It is found that digital transformation significantly reduces labor cost stickiness, and the findings remain valid after a series of robustness tests. Mechanistic analysis shows that digital transformation helps to improve the quality of internal control and thus reduces labor cost stickiness. Heterogeneity analysis shows that the effect of digital transformation on labor cost stickiness is more pronounced in non-state enterprises, declining enterprises, labor-intensive enterprises, and those in eastern and central China. Further test indicates that digital transformation has a long-term inhibitory effect on reducing labor cost stickiness in enterprises that is mainly reflected in labor stickiness rather than salary stickiness, and in ordinary employees rather than executives as well. Enterprise digital transformation can better improve labor cost and economic efficiency. The study reveals the mechanism of the impact of enterprise digital transformation on the cost disposition of the enterprise, and provides practical guidance for achieving high-quality coordinated development between the digital economy and the real economy.
- digital transformation,
- labor cost stickiness,
- internal controls,
- economic efficiency of labor cost

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References(48)

References

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