Academic Journal of Business & Management, 2021, 3(3); doi: 10.25236/AJBM.2021.030306.
Wenhao Jiao
General Construction Company of Ccteb Group Co., Ltd, Shenzhen, 51800, China
The level of labor cost is the key to the innovation and development of small and medium-sized enterprises. In order to further locate the relationship between the two, an empirical analysis of labor cost and innovation investment intention of small and medium-sized enterprises is carried out. Taking the small and medium-sized enterprises as the research object, this paper investigates the labor cost of the employees in the enterprises, selects the effective employee information, and obtains the sample data. By setting independent variables and dependent variables, the structural equation model of SMEs' innovation investment intention is constructed. At the same time, based on SEM model, this paper tests the impact of labor cost on innovation investment intention from two aspects of internal and external factors. By using the multiple regression method, this paper analyzes the innovation investment intention of small and medium-sized enterprises, and completes the research on labor cost and innovation investment intention of small and medium-sized enterprises.
Labor cost, Small and medium-sized enterprises, Willingness of innovation investment, Empirical analysis
Wenhao Jiao. An Empirical Analysis of Labor Cost and Smes' Willingness to Invest in Innovation. Academic Journal of Business & Management (2021) Vol. 3, Issue 3: 36-38. https://doi.org/10.25236/AJBM.2021.030306.
[1] LIU Enmeng, LV Wendong. Minimum wage, labor cost and innovation investment willingness of small and medium sized enterprises [J]. Business research, 2020(10):107-116.
[2] LI Fangfang, JIE Xiwei, CHENG Baodong. Labor cost and global value chain participation from the perspective of international industrial transfer [J]. Journal of Suzhou University (PHILOSOPHY AND SOCIAL SCIENCES EDITION), 2020, 41(06):109-122+200.
[3] SUN Jiawei, LI Junxun, GUO Wei, ZHANG Zhifang, REN Xiao. The impact of rising labor cost on Enterprise Performance -- Based on the empirical data of listed textile and garment companies [J]. Journal of Xi'an University of Technology, 2020, 34(03):95-102.
[4] LI Gucheng, SUN Wei, GAO Xue. Rising labor cost, labor productivity and technical complexity of agricultural products export: An Empirical Study Based on panel data threshold regression model [J]. Journal of agriculture and forestry economics and management, 2020, 19(04):409-420.
[5] SUN Luyun, WANG Li. Rising labor costs, crop substitution and total factor productivity of cotton [J]. JOURNAL OF HUNAN AGRICULTURAL UNIVERSITY (SOCIAL SCIENCE EDITION), 2020, 21(02):20-26.