{"title":"新开通地铁对企业员工薪酬的影响:来自中国的证据","authors":"Zhaomin Li , Minting Zhou , Hanwen Xu , Chunchun Jia","doi":"10.1016/j.frl.2025.106852","DOIUrl":null,"url":null,"abstract":"<div><div>This study examines the effect of new subway openings on employee compensation. Using data from China's A-share listed companies, we find that a new subway opening significantly improves employee compensation. We identify two primary reasons for this positive effect: increasing in total factor productivity and improving in labor market competition. Our study also indicates that new subway openings promote the economic advancement of the region.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"75 ","pages":"Article 106852"},"PeriodicalIF":6.9000,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Effect of new subway openings on corporate employee compensation: Evidence from China\",\"authors\":\"Zhaomin Li , Minting Zhou , Hanwen Xu , Chunchun Jia\",\"doi\":\"10.1016/j.frl.2025.106852\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This study examines the effect of new subway openings on employee compensation. Using data from China's A-share listed companies, we find that a new subway opening significantly improves employee compensation. We identify two primary reasons for this positive effect: increasing in total factor productivity and improving in labor market competition. Our study also indicates that new subway openings promote the economic advancement of the region.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"75 \",\"pages\":\"Article 106852\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-02-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325001175\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325001175","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Effect of new subway openings on corporate employee compensation: Evidence from China
This study examines the effect of new subway openings on employee compensation. Using data from China's A-share listed companies, we find that a new subway opening significantly improves employee compensation. We identify two primary reasons for this positive effect: increasing in total factor productivity and improving in labor market competition. Our study also indicates that new subway openings promote the economic advancement of the region.
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.
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