党组织嵌入与企业全要素生产率提升

Embedding of Party Organizations and the Improvement of Total FactorProductivity in Enterprises

党组织嵌入通过增强企业集体凝聚力、提升资源配置效率等方式,提升企业全要素生产率。利用2021-2023年沪深A股上市非金融企业数据,在测算企业党组织嵌入度和全要素生产率的基础上,实证研究了党组织嵌入对企业全要素生产率的影响及内在机制。研究发现:党组织嵌入对企业全要素生产率具有正向影响;党组织嵌入通过治理效应和资源效应助力企业全要素生产率提升;党组织嵌入对企业全要素生产率提升效应存在国有企业与民营企业的异质性;对估计结果进一步检验发现党组织嵌入对企业全要素生产率提升的促进效应依然稳健。从企业层面验证了党组织嵌入对全要素生产率提升的作用,为完善现代企业制度提供了一定的启示。

The embedding of party organizations enhances the collective cohesion of enterprises and improves the efficiency of resource allocation,thereby enhancing the total factor productivity of enterprises.By data from non-financial enterprises listed on the Shanghai and Shenzhen A-shares from 2021 to 2023,it empirically ananlyzed the impact and underlying mechanism of party organization embeddedness on total factor productivity of enterprises in this paper,based on measuring the degree of party organization embeddedness and total factor productivity of enterprises.It found that the embedding of party organizations has a positive impact on the total factor productivity of enterprises;the embedding of party organizations helps to improve the total factor productivity of enterprises through governance and resource effects;there is heterogeneity between state-owned enterprises and private enterprises in the effect of embedding party organizations on improving total factor productivity of enterprises;further testing of the estimation results reveals that the promotion effect of party organization embedding on the overall factor productivity improvement of enterprises is still robust.The role of party organization embedding was verified in improving total factor productivity at the enterprise level,providing some inspiration for improving modern enterprise systems.