灾难冲击与民营企业劳动力成本粘性  

Natural Disaster and Non-State-Owned Firm’s Labor Cost Behavior

作　　者：徐慧[1] 吴昊旻 方巧玲 XU Hui;WU Haomin;FANG Qiaoling(Accounting School,Yunnan University of Financial and Economics,Kunming 650221,China;Economic and Management School,Fuzhou University,Fuzhou 350108,China)

机构地区：[1]云南财经大学会计学院,云南昆明650221 [2]福州大学经济与管理学院,福建福州350108

出　　处：《中南财经政法大学学报》2023年第2期146-160,共15页Journal of Zhongnan University of Economics and Law

基　　金：国家自然科学基金项目“经济政策不确定性、高管文化特征与公司并购”(71862036);国家自然科学基金项目“禀赋差异、市场竞争与民企的‘类国企化’选择”(71762025);国家自然科学基金项目“监管问询、公司外部治理与股价信息效率”(71902035);云南省基础研究计划面上项目“灾难冲击、企业集团内部市场与公司成本费用调整效率”(202101AT070219)。

摘　　要：在中国自然灾难频发与劳动市场特征变迁的背景下,本文基于2010-2018年间A股上市公司数据,从成本粘性“效率观”的视角,研究自然灾难冲击如何影响民营企业的劳动力成本调整。本文发现:在调整成本与管理层预期影响下,灾难冲击显著提高了民营企业劳动力成本粘性,其中“数量”粘性提高更为显著,而“薪酬”粘性不显著,即相较于裁员,在遭遇灾难冲击时,企业会偏向调整员工薪酬。另外,本文发现劳动保护程度越高,灾难冲击下劳动力成本粘性越高,但企业、政府、市场的积极应对能缓解这一影响。拓展研究发现:不同的灾难类型对民营企业劳动力成本粘性存在差异性影响;且灾难冲击主要提高了民营企业生产人员的劳动力成本粘性。本文不仅是从企业决策视角对灾难冲击经济后果的重要补充,也丰富了中国制度背景下企业劳动成本调整的文献。In the context of frequent natural disasters and changes in the labor market in China, based on the data of A-share listed companies from 2010 to 2018, this paper studies how natural disasters affects the adjustment of labor costs in Non-SOEs from the "efficiency view" of cost stickiness. This paper finds that, under the influence of adjustment cost and management expectations, disaster significantly improves the stickiness of labor cost in Non-SOEs, among which the stickiness of "quantity" is more significant, while the stickiness of "compensation" is not. The higher the degree of labor protection, the higher the stickiness of labor cost under disaster impact. However, the positive response of enterprises, the government and the market can mitigate the disaster impact. Further results show that different disaster types have different effects on the stickiness of labor cost in Non-SOEs. And the disaster impact mainly increased the labor cost stickiness of production staffs in Non-SOEs. This paper is not only an important supplement to the economic consequences of disaster impact from the perspective of enterprise decision-making, but also enriches the literature of enterprise labor cost adjustment under the Chinese institutional backgrourd.

关 键 词：灾难冲击 劳动力成本粘性 劳动保护 民营企业 

分 类 号：F275[经济管理—企业管理]