劳动保护与企业的风险承担行为：来自中国新劳动合同法的证据

IF 2.9 3区经济学 Q1 ECONOMICS

Journal of Asian Economics Pub Date : 2024-02-06 DOI:10.1016/j.asieco.2024.101713

Yi Che , Xuchao Li , Yan Zhang , Lin Zhao

{"title":"劳动保护与企业的风险承担行为：来自中国新劳动合同法的证据","authors":"Yi Che , Xuchao Li , Yan Zhang , Lin Zhao","doi":"10.1016/j.asieco.2024.101713","DOIUrl":null,"url":null,"abstract":"<div><p>China’s new Labor Contract Law (LCL), which came into force in 2008, has greatly improved the protection of workers and increased the cost of labor. This study employs the cross-sectional variation in labor intensity and time variation before and after the new LCL, to investigate its impact on firms’ risk-taking behavior. The analysis finds strong and robust evidence that the LCL increased the risk-taking of firms in industries with higher labor intensity. The increased risk-taking mainly arose among firms in regions with stricter law enforcement, firms that were less law abiding before the new LCL, as well as non-state-owned firms and efficient firms. The study also identifies two key mechanisms through which the new LCL increased firms’ risk-taking behavior: capital deepening and productivity improvement.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9000,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Labor protection and firms’ risk-taking behavior: evidence from China’s New Labor Contract Law\",\"authors\":\"Yi Che , Xuchao Li , Yan Zhang , Lin Zhao\",\"doi\":\"10.1016/j.asieco.2024.101713\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>China’s new Labor Contract Law (LCL), which came into force in 2008, has greatly improved the protection of workers and increased the cost of labor. This study employs the cross-sectional variation in labor intensity and time variation before and after the new LCL, to investigate its impact on firms’ risk-taking behavior. The analysis finds strong and robust evidence that the LCL increased the risk-taking of firms in industries with higher labor intensity. The increased risk-taking mainly arose among firms in regions with stricter law enforcement, firms that were less law abiding before the new LCL, as well as non-state-owned firms and efficient firms. The study also identifies two key mechanisms through which the new LCL increased firms’ risk-taking behavior: capital deepening and productivity improvement.</p></div>\",\"PeriodicalId\":47583,\"journal\":{\"name\":\"Journal of Asian Economics\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.9000,\"publicationDate\":\"2024-02-06\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Asian Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1049007824000083\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Asian Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1049007824000083","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

中国新《劳动合同法》（LCL）于 2008 年开始实施，极大地改善了对劳动者的保护，同时也增加了劳动力成本。本研究利用新《劳动合同法》实施前后劳动强度的横截面变化和时间变化，研究其对企业风险承担行为的影响。分析发现，有力且稳健的证据表明，在劳动密集程度较高的行业中，劳资协议增加了企业的风险承担。风险承担增加主要出现在执法更严格地区的企业、新《劳动合同法》实施前守法程度较低的企业以及非国有企业和高效率企业。研究还发现，新《劳动合同法》增加企业冒险行为的两个主要机制是：资本深化和生产率提高。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Labor protection and firms’ risk-taking behavior: evidence from China’s New Labor Contract Law

China’s new Labor Contract Law (LCL), which came into force in 2008, has greatly improved the protection of workers and increased the cost of labor. This study employs the cross-sectional variation in labor intensity and time variation before and after the new LCL, to investigate its impact on firms’ risk-taking behavior. The analysis finds strong and robust evidence that the LCL increased the risk-taking of firms in industries with higher labor intensity. The increased risk-taking mainly arose among firms in regions with stricter law enforcement, firms that were less law abiding before the new LCL, as well as non-state-owned firms and efficient firms. The study also identifies two key mechanisms through which the new LCL increased firms’ risk-taking behavior: capital deepening and productivity improvement.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Journal of Asian Economics ECONOMICS-

CiteScore

4.70

自引率

9.40%

发文量

期刊介绍： The Journal of Asian Economics provides a forum for publication of increasingly growing research in Asian economic studies and a unique forum for continental Asian economic studies with focus on (i) special studies in adaptive innovation paradigms in Asian economic regimes, (ii) studies relative to unique dimensions of Asian economic development paradigm, as they are investigated by researchers, (iii) comparative studies of development paradigms in other developing continents, Latin America and Africa, (iv) the emerging new pattern of comparative advantages between Asian countries and the United States and North America.