Managing man and machine: Automation potential and labor investment efficiency

IF 5.5 2区经济学 Q1 BUSINESS, FINANCE

Global Finance Journal Pub Date : 2025-02-07 DOI:10.1016/j.gfj.2025.101085

Sharif Mazumder , Leonid Pugachev

引用次数: 0

Abstract

We study how a firm's ability to automate affects its labor investment efficiency (LIE). Companies with greater automation potential (AP), measured by share of routine task labor, invest more efficiently. They exhibit both lower propensity to over- and under-invest, as well as lower intensity of over- and under-investment, conditional on its occurrence. Using the catastrophic 2011 Thai flooding as an exogenous shock to AP, we find evidence that the relationship between AP and LIE is likely causal. AP appears to spur (hamper) employment growth in good (bad) economic states. We are the first to show that AP leads firms toward more efficient labor investment.

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人机管理：自动化潜力和劳动投资效率

我们研究了企业自动化能力如何影响其劳动投资效率（LIE）。自动化潜力（AP）更大的公司（以日常任务劳动力的份额来衡量）投资效率更高。它们表现出较低的过度和不足投资倾向，以及较低的过度和不足投资强度，条件是其发生。利用2011年泰国灾难性洪灾作为对AP的外源冲击，我们发现AP和LIE之间可能存在因果关系的证据。在经济好（坏）的情况下，AP似乎会刺激（阻碍）就业增长。我们是第一个证明AP引导企业进行更有效的劳动力投资的人。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Finance Journal BUSINESS, FINANCE-

CiteScore

7.30

自引率

13.50%

发文量

106

审稿时长

53 days

期刊介绍： Global Finance Journal provides a forum for the exchange of ideas and techniques among academicians and practitioners and, thereby, advances applied research in global financial management. Global Finance Journal publishes original, creative, scholarly research that integrates theory and practice and addresses a readership in both business and academia. Articles reflecting pragmatic research are sought in areas such as financial management, investment, banking and financial services, accounting, and taxation. Global Finance Journal welcomes contributions from scholars in both the business and academic community and encourages collaborative research from this broad base worldwide.