摘要
利用2007-2020年中国A股上市公司数据,借助社保缴费负担作为切入点,考察劳动力成本上升对企业数字化转型的影响。研究发现:社保缴费负担能通过“倒逼”效应与“挤出”效应影响企业数字化转型,两者呈现倒U型曲线关系,这一核心结论在经过内生性处理和多种稳健性检验后依然成立;财政补贴对于两者之间关系具有正向调节作用,相较于普惠性财政补贴,竞争性财政补贴对企业数字化转型的促进作用更强、促进区间更宽;社保缴费负担对低债务融资水平、国有控股、劳动密集型、高数字双创水平企业的数字化转型促进作用更为明显。
Based on the data of China's A-share listed companies from 2007 to 2020,this paper examined the impact of rising labor costs on the digital transformation of enterprises with the help of social security payment burden as an entry point.The study found that,the burden of social security payment could affect the digital transformation of enterprises through the“forced”effect and the“crowding out”effect,and the two showed an inverted U-shaped relationship.This core conclusion was stil valid after endogenous processing and various robustness tests.Financial subsidies had a positive regulatory effect on the relationship between the two.Compared with inclusive financial subsidies,competitive financial subsidies played a greater role in action intensity and action range.The promotion effect of the burden of social security payment was more pronounced in firms having lower debt financing levels,state ownership,labor-intensive characteristics,and high levels of digital innovation and entrepreneurship.
作者
李江宇
张智
LI Jiang-yu;ZHANG Zhi(School of Public Finance and Taxation,Zhongnan University of Economics and Law,Wuhan 430073,China)
出处
《山西财经大学学报》
CSSCI
北大核心
2024年第5期99-114,共16页
Journal of Shanxi University of Finance and Economics
基金
国家社会科学基金项目(18XJY020)
中南财经政法大学研究生科研创新平台项目(202410411)。
关键词
社保缴费负担
劳动力成本
财政补贴
企业数字化转型
“倒逼”效应
“挤出”效应
the burden of social security payment
labour costs
financial subsidies
digital transformation of enterprises
“forced"effect
“crowdingout"effect
