Low-skill lock-in? Financial resource mismatch and low-skilled labor demand

Wenhao Qi, Biao Li, Qiqi Liu and Jiaqi Lv

Finance Research Letters, 2023, vol. 55, issue PB

Abstract: Based on data from Chinese A-share listed companies from 2013 to 2020, this paper empirically analyzes the impact of the degree of financial resource mismatch on enterprises' demand for low-skilled labor. We find that financial resource mismatch significantly increases the proportion of low-skilled labor employment by affecting firms' digital transformation, innovation capability, and R&D investment, leading to a low-skilled labor lock-in phenomenon. The phenomenon is more pronounced in manufacturing, non-state, and redundant employment firms.

Keywords: Financial resource mismatch; Low-skilled labor; Low-skill lock-in (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pb:s1544612323003756

DOI: 10.1016/j.frl.2023.104003

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