社会信任与员工效率

Social Trust and Employees’ Efficiency

本文理论分析并实证检验了社会信任对企业员工效率的影响及其作用机制。以中国2007—2019年沪深A股非金融上市公司为研究样本,结果发现,社会信任能显著提升企业的员工效率;社会信任对员工效率的提升作用在高学历员工占比更大,以及所处环境不确定性更高的企业显著更大。进一步的检验发现,社会信任能促使企业扩大内部薪酬差距并提高风险承担水平,且内部薪酬差距和风险承担在社会信任与员工效率之间均具有显著的部分中介效应。这表明,增强薪酬机制的激励作用和改善投资决策有效性是社会信任提升员工效率的重要作用机制。上述结论从社会信任的视角为员工效率的影响因素提供了新证据,对于加强培育优良的社会信任环境并构建以诚信为核心的企业文化以推动企业高质量发展具有重要的现实意义。

This paper theoretically analyzes and empirically tests the influence of social trust on employees’efficiency and its mechanism.Using the data of China’s Ashare non-financial listed companies from 2007 to 2019,it is found that social trust can significantly improve the efficiency of employees.The improvement effect of social trust on employees’efficiency mainly exists in the environment of more highly educated employees or with higher uncertainty.Further research founds that social trust significantly widens the internal salary gap and improves the level of risk-taking,and both of them have important mediating effect between social trust and employees’efficiency,indicating that the incentive effect of compensation system and the effectiveness of investing decisions are important mechanisms for social trust to improve employees’efficiency.This paper enriches and expands the research on factors affecting employees’efficiency from the perspective of social trust.It also shows the significance of cultivating a better social trust environment and building corporate culture with the core of integrity to promote the high-quality development of enterprises.