企业数字化转型能提高劳动收入份额吗?——基于企业金融化视角的经验证据  

Whether Corporate Digital Transformation Can Increase Labor Income Share:Empirical Evidence Based on Corporate Financialization

作　　者：周磊 王宇航[2] 龚志民 ZHOU Lei;WANG Yuhang;GONG Zhimin(School of Economics and Management,Hunan University of Science and Engineering,Yongzhou 425199,China;Business school,Xiangtan University,Xiangtan 411105,China)

机构地区：[1]湖南科技学院经济与管理学院,湖南永州425199 [2]湘潭大学商学院,湖南湘潭411105

出　　处：《经济经纬》2024年第6期95-106,共12页Economic Survey

基　　金：湖南省哲学社会科学基金西部项目(22YBX018);国家社会科学基金重大项目(23ZDA021);国家社会科学基金项目(24CJY106)。

摘　　要：基于2011—2021年中国A股上市公司微观数据,深入探究了企业数字化转型对劳动收入份额的影响。结果发现:企业数字化转型对劳动收入份额有显著影响,它能够通过抑制企业金融化、促进主营业务发展和结构升级、引致劳动需求扩张和工资议价能力提升的机制提高劳动收入份额。从企业所处经济环境来看,在经济下行周期和人力资本水平较高地区,企业数字化转型对劳动收入份额提升效应更为突出。从企业微观特征来看,企业数字化转型对高新技术企业、高管非金融背景企业、预防性金融化企业的劳动收入份额提升效应更为突出。进一步研究发现,“宽带中国”和国家大数据综合实验区建设政策能加快企业数字化转型,对劳动收入份额的影响产生政策协同效应。研究结果明确了企业数字化转型提升劳动收入份额的影响机制,为优化我国要素收入分配结构提供了新思路。Based on the micro-data of Chinese A-share listed companies from 2011 to 2021,this paper examines the impact of enterprise digital transformation on the share of labor income.The results reveal that corporate digital transformation has a significantly positive effect on the labor income share.It can suppress corporate financialization,promote the development and structural upgrading of main business operations,thereby expanding labor demand and enhancing wage bargaining power through mechanisms that increase the labor income share.From the perspective of the economic environment in which enterprises operate,the enhancing effect of corporate digital transformation on the labor income share is more pronounced during economic downturns and in regions with higher levels of human capital.When examining corporate micro-characteristics,the positive effect of corporate digital transformation on labor income share is more prominent in high-tech enterprises,enterprises with non-financial backgrounds among senior executives and enterprises with precautionary financialization practices.Further research finds that the policies for the construction of“Broadband China”and the National Big Data Comprehensive Experimental Zone can accelerate the digital transformation of enterprises and produce policy synergy effects on the impact on the share of labor income.The results clarify the impact mechanism of enterprise digital transformation to increase the share of labor income,and provide new ideas for optimizing my country’s factor income distribution structure.

关 键 词：数字化转型 劳动收入份额 数实融合 金融化 数字经济 

分 类 号：F244[经济管理—劳动经济]