| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28588 |
| 来源ID | Working Paper 28588 |
| Digital Resilience: How Work-From-Home Feasibility Affects Firm Performance | |
| John (Jianqiu) Bai; Erik Brynjolfsson; Wang Jin; Sebastian Steffen; Chi Wan | |
| 发表日期 | 2021-03-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Digital technologies may make some tasks, jobs and firms more resilient to unanticipated shocks. We extract data from over 200 million U.S. job postings to construct an index for firms' resilience to the Covid-19 pandemic by assessing the work-from-home (WFH) feasibility of their labor demand. Using a difference-in-differences framework, we find that public firms with high pre-pandemic WFH index values had significantly higher sales, net incomes, and stock returns than their peers during the pandemic. Our results indicate that firms with higher digital resilience, as measured through our pre-pandemic WFH index, performed significantly better in general, and in non-essential industries in particular, where WFH feasibility was necessary to continue operation. The ability to use digital technologies to work remotely also mattered more in non-high-tech industries than in high-tech ones. Lastly, we find evidence that firms with lower pre-pandemic WFH feasibility attempted to catch up to their more resilient competitors via greater software investment. This is consistent with a complementarity between digital technologies and WFH practices. Our study's results are robust to a variety of empirical specifications and provide a first look at how WFH practices improved resilience to a major, unanticipated social and economic shock. |
| 主题 | Microeconomics ; Households and Firms ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D ; COVID-19 |
| URL | https://www.nber.org/papers/w28588 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586262 |
| 推荐引用方式 GB/T 7714 | John ,Erik Brynjolfsson,Wang Jin,et al. Digital Resilience: How Work-From-Home Feasibility Affects Firm Performance. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28588.pdf（529KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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