员工关爱与公司创新:基于企业文化的考察视角  

Employee-Friendly and Corporate Innovation:From the Perspective of Corporate Culture

作　　者：朱宇翔 权小锋[3] Zhu Yuxiang;Quan Xiaofeng

机构地区：[1]云南财经大学会计学院,650221 [2]云南省服务计算重点实验室,650221 [3]苏州大学商学院,215021

出　　处：《会计研究》2023年第11期163-175,共13页Accounting Research

基　　金：国家自然科学基金资助项目(71772131)的资助。

摘　　要：企业文化深刻影响公司战略方向和行为方式。本文以2006-2019年A股制造业上市公司为样本,通过文本分析的方法,识别“员工关爱”的企业文化,并考察其对公司创新的影响效应及作用机理。结果发现,与不具有“员工关爱”文化的公司相比,具有“员工关爱”文化的公司创新更高,且该结果在一系列稳健性检验后依然成立。机制检验表明,“员工关爱”文化主要通过加强员工协作、提升管理层信心以及缓解融资约束来促进公司创新。调节因素的分析表明,在民营企业、高科技行业以及劳动力市场竞争激烈的地区中“员工关爱”文化的创新促进效应更强。最后的价值检验发现,“员工关爱”文化还能够提升企业的当期创新效率和专利产出的远期价值转化能力。本文的研究既拓展了企业文化经济后果的相关研究文献,也为文化战略建设和员工关系改善的积极影响提供了新的经验证据。Corporate culture deeply influences the strategic direction and behavioral patterns of a company.Using A-share listed manufacturing com-panies from 2006 to 2019,this paper identifies the corporate culture of"employee-friendly"through text analysis,and examines and analyzes its impact on company innovation and its mechanism.The results reveal that companies with the"employee-friendly"culture are more innovative than those without such culture,and this result unchanged after a series of robustness tests.Mechanism analysis suggests that the"employee-friendly"culture promotes company innovation by enhancing employee cooperation,boosting management confidence,and alleviating financing constraints.Analysis of moderating factors indicates that the innovation-promoting effect of the"employee-friendly"culture is stronger in private enterprises,high-tech industries,and re-gions with intense labor market competition.Finally,value assessment reveals that the"employee-friendly"culture also enhances both the current inno-vation efficiency of the enterprise and the long-term value effect of patent output.This study not only expands the literature on the economic consequences of corporate culture but also provides new empirical evidence for the positive role of cultural strategic development and improvement in employee relations.

关 键 词：员工关爱 公司创新 企业文化 组织氛围 

分 类 号：F272.92[经济管理—企业管理] F273.1[经济管理—国民经济] F270F425