The Impact of Digital Transformation on Labor Investment Efficiency and Its Mechanism

ZHONG Juan; CHEN Xin; SU Hui; WEI Yan-jie

Volume 38 Issue 5

Sep. 2023

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2023 > 38(5): 22-36

ZHONG Juan, CHEN Xin, SU Hui, WEI Yan-jie. The Impact of Digital Transformation on Labor Investment Efficiency and Its Mechanism[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(5): 22-36.

Citation:

ZHONG Juan, CHEN Xin, SU Hui, WEI Yan-jie. The Impact of Digital Transformation on Labor Investment Efficiency and Its Mechanism[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(5): 22-36.

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The Impact of Digital Transformation on Labor Investment Efficiency and Its Mechanism

School of International Economics and Trade, Anhui University of Finance and Economics, Bengbu 233030, China

Received Date: 2023-05-22
Available Online: 2023-11-28
Publish Date: 2023-09-28

Abstract

Abstract

Optimizing labor force allocation is the important guarantee for fully utilizing the efficiency of human resources, while the integration of digital technology and business scenarios triggered by enterprise digital transformation has a profound impact on the allocation of enterprise labor force. This paper takes A-share listed companies from 2008 to 2021 as research samples to verify the impact of enterprise digital transformation on labor investment efficiency, and explore its mechanism. It is found that digital transformation can significantly improve the efficiency of labor investment, and has played a positive role in reducing employment redundancy and underemployment. Mechanism analysis shows that digital transformation can improve labor investment efficiency by enhancing enterprise capabilities in resource management and utilization, easing financing constraints and improving total factor productivity. Further analysis reveals that the effect of digital transformation on labor investment efficiency is heterogeneous among different enterprises: its beneficial effect is more obvious in high labor intensive and non-high-tech enterprises. In highly labor-intensive and high-tech enterprises, the channels for playing their role are richer. The research conclusion provides empirical evidence for clarifying the labor allocation effect of digital transformation and reference path for improving labor investment efficiency through transformation.
- digital transformation,
- labor investment efficiency,
- resource management and utilization; labor force allocation

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References(43)

References

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