Social security contributions, labor income share, and corporate innovation

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-02-28 DOI:10.1016/j.frl.2025.107123

Tongbin Li , Juan Gao

引用次数: 0

Abstract

Corporate innovation is regarded as a key driver of economic growth and technological progress. This paper uses panel data from Chinese listed companies for the period 2009–2023 to assess the impact of social security contributions on corporate innovation. The results show that social security contributions can effectively promote corporate innovation. Specifically, social security contributions positively affect corporate innovation by enhancing human capital intensity, and a higher labor income share strengthens the positive impact of social security contributions on corporate innovation. The findings have important theoretical and practical implications for promoting China's innovation-driven development strategy.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance