员工待遇与企业创新——来自中国A股上市公司的经验证据

Employee Treatment and Enterprise Innovation--Empirical Evidence from Chinese A-share Listed Companies

本文以2007-2018年A股上市公司数据为样本,考察了员工待遇与企业创新之间的关系,研究发现:良好的员工待遇会为企业带来更多的创新产出,通过内生性检验,排除了反向因果关系和遗漏变量问题,结果仍然支持本文的结论;此外,进一步分析得出,激烈的行业竞争会增强员工待遇对企业创新产出的促进作用,相比于国有企业,非国有企业中员工待遇对创新产出的促进作用更加明显。

This paper uses the data of A-share listed companies from 2007 to 2018 as a sample to examine the relationship between employee treatment and corporate innovation.The research found that good employee treatment will bring more innovation output to the company.The test eliminates the problem of reverse causality and missing variables,and the results still support the conclusions of this article;in addition,further analysis shows that fierce industry competition will enhance the role of employee treatment in promoting enterprise innovation output.Compared with state-owned enterprises,the benefits of employee treatment in non-state-owned enterprises are more prominent in promoting innovation output.