数字经济时代下是否“优胜劣汰”？——数字化转型与企业人力资本结构升级
Does “Survival of the Fittest” Still Apply in the Era of Digital Economy?—Digital Transformation and the Upgrading of Enterprise Human Capital Structure
摘要: 本文基于2011~2023年上市公司数据，探究数字化转型对其人力资本结构的影响。研究结果表明，数字化转型显著促进企业人力资本结构升级，稳健性检验和内生性检验验证了基准回归结果；其次，数字化转型通过增加研发支出，扩大企业营业规模，促进人力资本结构升级；最后从融资约束和地域因素两方面进行异质性分析。
Abstract: This paper, based on the data of listed companies from 2011 to 2023, explores the impact of digital transformation on the human capital structure of enterprises. The research results show that digital transformation significantly promotes the upgrading of the human capital structure of enterprises. The robustness test and endogeneity test verify the benchmark regression results. Secondly, digital transformation promotes the upgrading of the human capital structure by increasing R&D expenditure and expanding the business scale of enterprises. Finally, heterogeneity analysis is conducted from the aspects of financing constraints and regional factors.
文章引用：王翀宇. 数字经济时代下是否“优胜劣汰”？——数字化转型与企业人力资本结构升级[J]. 电子商务评论, 2025, 14(12): 1622-1628. https://doi.org/10.12677/ecl.2025.14124031

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