新型优质生产力对企业劳动收入占比的影响

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-22 DOI:10.1016/j.frl.2025.108523

Lening Qiu , Xi Liu , Tingfa Zhou

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引用次数: 0

摘要

本文利用2015 - 2023年中国a股上市公司的数据，研究了新质量生产力对企业劳动收入份额的影响。采用双向固定效应和工具变量方法，我们发现净收入与劳动收入份额之间存在显著的正相关关系。机制检验表明，网秦通过提升人力资本和促进企业多元化来提高劳动份额。异质性分析表明，非技术密集型企业、非国有企业和大型企业的影响更大。这些结果提供了微观层面的证据，证明生产率的提高可以同时支持效率和公平，从而促进了关于包容性增长的全球辩论。

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Impact of new quality productive forces on the share of enterprise labor income

This paper examines how new quality (NQ) productive forces affect firms’ labor income share, using data from Chinese A-share listed firms from 2015 to 2023. Employing two-way fixed effects and instrumental variable methods, we find a robust positive link between NQ and labor income share. Mechanism tests show that NQ raises labor shares by enhancing human capital and promoting business diversification. Heterogeneity analysis indicates stronger effects in nontechnology-intensive, nonstate-owned, and large firms. These results provide micro-level evidence that productivity improvements can support both efficiency and equity, contributing to global debates on inclusive growth.

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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