文献类型：期刊文献

中文题名：社会信任如何影响企业劳动投资效率?

英文题名：How Does Social Trust Affect the Efficiency of Enterprise Labor Investment?

作者：赵彦锋[1]

第一作者：赵彦锋

机构：[1]河南财经政法大学会计学院,河南郑州450046

第一机构：河南财经政法大学会计学院

年份：2023

卷号：40

期号：4

起止页码：115-125

中文期刊名：经济经纬

外文期刊名：Economic Survey

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2020】；

基金：国家社会科学基金青年项目(22CJL013);河南省研究生教育改革与质量提升工程项目(YJS2023JC28);2022年本科高校研究性教学改革研究与实践项目(2022SYJXLX044)。

语种：中文

中文关键词：社会信任;企业劳动投资效率;代理冲突;劳动密集程度;信息透明度

外文关键词：Social Trust;Enterprise Labor Investment Efficiency;Agency Conflict;Labor Intensity;Information Transparency

摘要：以我国沪深A股2010—2020年非金融类上市公司为样本,探索社会信任对企业劳动投资效率的影响。研究表明:社会信任能够提高企业劳动投资效率,通过替换核心变量、更换样本以及运用工具变量法、PSM匹配样本、两阶段残差回归等稳健性及内生性检验,结论保持不变。机制分析表明:缓解代理冲突、提高信息透明度是社会信任提高劳动投资效率的路径。异质性分析发现:社会信任对企业劳动投资效率的促进作用在劳动投资过度、国有企业、高劳动密集度以及法治环境较差的样本中更显著,由此可见,企业内外部环境会影响社会信任提升劳动投资效率的效果。本研究既拓展了社会信任经济后果与劳动投资效率影响因素的研究,也为培育社会信任文化氛围以及优化劳动投资决策提供了借鉴。
This paper takes the non-financial listed companies of Shanghai and Shenzhen A shares in China from 2010 to 2020 as a sample to explore the impact of social trust on the efficiency of labor investment.Research shows that social trust can improve the efficiency of labor investment in enterprises.By replacing core variables,changing samples and using instrumental variable method,PSM matching samples,two-stage residual regression and other robust and endogenous tests,the conclusion remains unchanged.Mechanism analysis shows that alleviating agency conflicts and improving information transparency are the ways for social trust to improve the efficiency of labor investment.Heterogeneity analysis indicates that the promoting effect of social trust on the efficiency of labor investment is more significant in the samples of excessive labor investment,state-owned enterprises,high labor intensity and poor legal environment.Thus it can be seen that the internal and external environment of the enterprise will affect the effect of social trust to improve the efficiency of labor investment.The study not only expands the research on the economic consequences of social trust and the influencing factors of labor investment efficiency,but also provides reference for cultivating the cultural atmosphere of social trust and optimizing labor investment decision-making.