潜在人力资本与企业绩效提升:基于企业年金制度视角  

Potential Human Capital and Enterprise Performance Improvement:From the Perspective of Enterprise Annuity

作　　者：穆怀中[1] 王梦琪 MU Huaizhong;WANG Mengqi

机构地区：[1]辽宁大学公共管理学院人口研究所,辽宁沈阳110036

出　　处：《学习与实践》2023年第10期60-70,共11页Study and Practice

基　　金：国家自然科学基金重点项目“新三支柱‘橄榄型’可持续发展养老制度优化与设计”(项目编号:71731007);国家社会科学基金重大项目“中国人口老龄化对经济增长的影响路径与政策选择研究”(项目编号:20&ZD077)。

摘　　要：企业年金具有国民收入初次分配和再分配性质。本文基于企业年金制度视角,以2007-2020年A股上市公司数据为研究样本,实证分析了企业年金使潜在人力资本提升企业绩效的影响及其作用机制。研究结果表明,实施企业年金制度有利于提高人力资本对企业绩效的积极影响。在国有企业、传统行业及处于成熟-衰退期的企业中实施年金制度能发挥更大的激励作用。企业年金可以通过减少人力资本流动、优化人力资本结构和增加人力资本投资等途径激励人力资本对企业绩效的促进作用。将人力资本与企业年金制度相结合,健全企业年金制度发展动力机制,有助于推动公平统一和可持续的多层次社会保障体系建设。The enterprise annuity has the nature of primary distribution and redistribution of national in-come.From the perspective of the enterprise annunity,this paper empirically analyzes the impact and mecha-nism of potential human capital on enterprise performance improvement by using data from all A-share listed companies from 2007 to 2020 as research samples.The research results indicate that implementing the enter-prise annuity is beneficial for improving the positive impact of human capital on enterprise performance.Among them,the enterprise annuity can play a greater incentive role in state-owned enterprises,traditional industries,and mature-to-declining enterprises.Further research has found that enterprise annuity can stimu-late the promoting effect of human capital on enterprise performance by reducing human capital flow,optimiz-ing human capital structure,and increasing human capital investment.Combining human capital with enter-prise annuity is beneficial for improving the motivation mechanism for the development of the enterprise annui-ty and building a"fair and unified"and"sustainable"multi-level social security system.

关 键 词：人力资本 企业年金 企业绩效 社会保障体系 

分 类 号：F272[经济管理—企业管理]