光华讲坛——社会名流与企业家论坛第6632期
主题:From Assembly Line to Delivery Man: The Impact of Gig Economy on Corporate Investment
主讲人:哈尔滨工业大学经济与管理学院金融系教授 冷铁成
主持人:鸿博体育(中国)有限公司金融学院 陈梓麟
时间:10月10日10:00-11:30
举办地点:鸿博体育(中国)有限公司格致楼618A
主办单位:鸿博体育(中国)有限公司金融学院
主讲人简介:
冷铁成,哈尔滨工业大学管理学院金融系教授、博士生导师。研究领域为公司金融、创业创新、政治金融。研究成果发表在Review of Financial Studies、Management Science、《金融研究》等学术期刊。目前,他担任牛津大学《中国经济与商业研究期刊》(Journal of Chinese Economic and Business Studies,JCEBS)副主编。
内容简介:
This paper investigates the impact of firm-level labor supply shocks driven by the gig economy on corporate investment, leveraging the staggered expansion of the leading online delivery platform, Ele.me, into 245 major cities in China between 2010 and 2015. The findings reveal that firm investment declines as a result of reduced employment and rising wages following the platform’s geographic expansion. These effects are more pronounced for labor-intensive or less innovative firms, as well as in regions with significant labor shortages and higher mobile phone penetration. By analyzing extensive data on job postings across China, we further find a negative correlation between the availability of local gig work opportunities and corporate investment. Finally, firms respond to the labor shortages induced by the platform’s expansion by increasing investment in labor-saving automation technologies.
本文利用领先的在线配送平台饿了么在2010年至2015年间向中国245个主要城市的交错扩张,研究了零工经济驱动的企业层面劳动力供应冲击对企业投资的影响。调查结果显示,由于平台的地理扩张导致就业减少和工资上涨,公司投资下降。这些影响对于劳动密集型或创新性较低的公司,以及劳动力严重短缺和手机普及率较高的地区更为明显。通过分析中国各地招聘信息的大量数据,我们进一步发现当地零工机会的可用性与企业投资之间存在负相关关系。最后,企业通过增加对节省劳动力的自动化技术的投资来应对平台扩张造成的劳动力短缺。