企业数字化转型与劳动收入份额

Enterprise Digital Transformation and Share of Labor Income

本文考察了企业数字化转型对劳动收入份额的影响及其作用机制。基于A股上市公司的数据,我们研究发现:企业数字化转型显著提高了劳动收入份额,并在一系列稳健性检验之后,结论依然成立。机制研究发现,企业数字化转型通过缓解融资约束与加强内部控制两条路径提高了劳动收入份额。进一步的异质性研究发现,企业数字化转型对劳动收入份额的提升效应在非国有企业和高新技术企业中更为显著。本文的研究是对数字经济时代劳动收入份额影响因素的新发现,拓展了数字化转型与劳动收入份额两支文献的研究,也意味着在政策层面大力推动企业数字化转型能够提高劳动收入份额,促进共同富裕目标的实现。

This study investigates the impact and the mechanism of enterprise digital transformation on labor income share. Based on the data of Chinese A-share listed companies, we find that enterprise digital transformation increases the share of labor income. The results are still consistent after a series of robustness checks. Our mechanism analysis suggests that the digital transformation of enterprises can effectively decrease financial constraints and enhance internal control quality. Both factors will help to increase the share of labor income. The heterogeneity research shows that the positive effect of enterprise digital transformation on the share of labor income is more substantial in non-state-owned and high-tech enterprises. This research is a new discovery of the factors affecting the share of labor income in the era of digital economy. It expands the research of digital transformation and the share of labor income. It also means that vigorously promoting the digital transformation of enterprises at the policy level can improve the share of labor income and the realization of common prosperity.