城市轨道交通建设、劳动力流动与企业绩效——基于中国上市公司财务绩效数据

Urban Rail Transit Construction,Labor Mobility and Enterprise Performance:A case study of financial performance data of Chinese listed companies

采用SD分析方法和多期DID模型,并基于2006-2021年我国上市公司财务绩效数据,分析城市轨道交通建设与劳动力流动、企业绩效之间的关系。研究发现:城市轨道交通建设有助于加快劳动力流动,从而促进企业总体绩效的提升,但短期和中长期影响存在显著差异;轨道交通建设在提升企业绩效的同时,在一定程度上一定时期内也迫使企业追加人力资本投入,且这种影响存在一定的区位“极化效应”。因此,企业应根据劳动力加速流动趋势,加强人力资本投入、保持企业员工队伍的稳定,以促进企业绩效的提升。

Based on the financial performance data of Chinese listed companies from 2006 to 2021,the relationship between urban rail transit construction,labor mobility and enterprise performance has been analyzed by using SD analysis method and time-varying DID model.The results show that the construction of urban rail transit can accelerate labor mobility and improve the overall performance of enterprises,but there are significant differences between the short and medium term influence mechanisms.While improving enterprise performance,rail transit construction obliges enterprises to add additional human capital investment to a certain extent in a certain period of time,and this influence shows a certain“polarization effect”in location.Therefore,enterprises should strengthen human capital investment,introduce talents and retain talents according to the trend of accelerated labor mobility,so as to promote the enterprise performance.