绿色金融对劳动收入份额的影响：来自绿色金融改革创新试验区的证据

IF 7.9 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy Pub Date : 2024-10-24 DOI:10.1016/j.eap.2024.10.014

Bingnan Guo , Weizhe Feng , Ji Lin

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引用次数: 0

摘要

提高劳动收入占比对于优化收入分配结构、实现中国现代化目标至关重要。通过2013-2022年中国A股上市企业的面板数据，构建多期差分模型，评价绿色金融改革创新试验区（GFRIPZ）对企业劳动收入占比的影响及其内在机制。研究结果表明(1）绿色金融改革创新试验区显著提高了企业的 LIS。经过一系列稳健性检验，这一结论仍然成立。(2)机理分析表明，广东金融投资促进区主要通过缓解企业融资约束和增加营业收入来提高企业的LIS。(3）异质性分析表明，与东部地区和国有企业相比，中西部地区和非国有企业的收入效应更强。

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The impact of green finance on labor income share: Evidence from green finance reform and innovation pilot zone

Enhancing the labor income share (LIS) is essential for optimizing the income distribution structure and achieving the goals of Chinese modernization. Through the panel data of Chinese A-share listed enterprises from 2013 to 2022, we construct a multi-period difference-in-differences model to evaluate the effect of the green finance reform and innovation pilot zones (GFRIPZ) on the enterprises’ LIS and its underlying mechanisms. The research results show that: (1) The GFRIPZ significantly increased the LIS of enterprises. And this conclusion still holds after a series of robustness checks. (2) Mechanism analyses indicates that the GFRIPZ primarily enhances the LIS by alleviating enterprises’ financing constraints and increasing operating income. (3) Heterogeneity analyses reveal that, compared to the eastern China and state-owned enterprises, the income effect of GFRIPZ is stronger in the central-western China and non-state-owned enterprises.

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来源期刊

Economic Analysis and Policy ECONOMICS-

CiteScore

9.80

自引率

9.20%

发文量

231

审稿时长

93 days

期刊介绍： Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.