数字化转型与高管-员工薪酬差距的倒U型关系研究

摘要/Abstract

摘要： 企业数字化转型所创造的“数字红利”如何在企业内部合理分配，是关乎共同富裕战略目标实现的重要议题。基于最优契约理论和组织变革理论，本文提出数字化转型对高管-员工薪酬差距的倒U型影响，以及企业-员工关系对上述影响的调节作用。利用2007—2020年中国上市公司数据，研究发现：数字化转型与高管-员工薪酬差距呈现倒U型关系；企业-员工关系强化了该关系，使此倒U型关系更陡峭。解构分析揭示，数字化转型虽然与高管薪酬呈正相关关系，但与员工薪酬呈正U型关系。研究发现为企业数字化转型中共同富裕战略目标的实现提供了全新洞察和启示。

关键词: 数字化转型, 高管-员工薪酬差距, 企业-员工关系, 共同富裕

Abstract: Grounded on the optimal contract and organizational change perspectives, this study investigates the effect of digital transformation on top management (TM)-employee pay dispersion. Based on the data from Chinese listed companies between 2007 and 2020, the results reveal an inverted U-shaped relationship between digital transformation and TM-employee pay dispersion. Besides, this inverted U-shaped relationship is strengthened by enterprise-employee relationship, that is, the stronger the enterprise-employee relationship, the steeper the inverted U-shaped relationship. Further deconstruction analysis shows that TM pay increases linearly with increasing levels of digital transformation, whereas employee pay decreases first and then increases with increasing levels of digital transformation, showing a U-shaped relationship. Our findings deepen the understanding of common prosperity in digital transformation.

Key words: digital transformation, TM-employee pay dispersion, enterprise-employee relationship, common prosperity

李从刚, 陈猛, 许荣. 数字化转型与高管-员工薪酬差距的倒U型关系研究[J]. 管理评论, 2025, 37(6): 27-39.

Li Conggang, Chen Meng, Xu Rong. An Investigation of the Inverted U-Shaped Relationship between Digital Transformation and Top Management-Employee Pay Dispersion[J]. Management Review, 2025, 37(6): 27-39.

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