主讲嘉宾:冷铁成 教授
讲座时间:2024年10月11日(周五)上午10:00
讲座地点:重庆大学B区经济与工商管理学院101报告厅
嘉宾简介:
冷铁成,哈尔滨工业大学经济与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。研究成果已发表在Review of Financial Studies、Management Science、《金融研究》等权威学术期刊。目前,冷教授还担任牛津大学《中国经济与商业研究期刊》(Journal of Chinese Economic and Business Studies,JCEBS)副主编。
讲座摘要:
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.