就业波动抑制了企业创新产出吗?

Does Employment Volatility Inhibit Corporate Innovation Output?

利用中国工业企业数据库企业层面面板数据,采用面板Probit模型以及工具变量法分析企业物质资本专用性和劳动力就业波动对企业创新产出的影响。研究结论表明,企业资产专用性的估计系数显著为负数,这表明企业资产专用性程度越高则越不利于企业获得创新产出;企业就业波动的估计系数也显著为负数,这表明劳动力就业波动越大、员工流动性越大,则越不利于企业获得创新产出。当企业员工的稳定性越高,则更大程度地促进企业创新产出绩效,并且资产专用性越大则强化了企业就业稳定性对创新产出绩效的正向效果。因此,宏观经济处于结构调整、增速放缓的阶段时企业可以通过适当减少裁员比例、增强员工对企业归属感以及稳定就业岗位等方式来促进企业创新绩效和效率提升。

The data in China Industrial Enterprise Database are used to analyze the impact of capital specificity and labor employment volatility on corporate innovation output by using panel data probit model and instrumental variable method.It shows that the estimated coefficient of enterprise asset specificity is significantly negative,which indicates that the higher the degree of enterprise specificity,the more unfavorable the enterprise obtains the innovation output.That of enterprise employment volatility is also significantly negative,which indicates the larger the employee mobility is,the more unfavorable the company is to achieve innovative output.The stability of employees is favor to the performance of the enterprise s innovation output.And the asset specificity will enhance the positive effect of the employment stability on innovation output.Therefore,when macro economy is in a stage of structural adjustment and slow growth,enterprises can promote innovation performance and efficiency by appropriately reducing the proportion of layoffs,increasing employees sense of belonging to enterprises,and stabilizing employment.