上市公司决策权分配与劳动收入份额:来自中国的证据

IF 3.1 4区管理学 Q2 BUSINESS, FINANCE Accounting and Finance Pub Date : 2023-11-14 DOI:10.1111/acfi.13195

Xiang Yan, Jenny Jing Wang, Ren Fang Zhang

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引用次数: 0

摘要

摘要本文运用上市公司视角，探讨决策权配置对劳动收入份额的影响，并分析其可能的机制。利用2008年至2021年间深圳和上海证券交易所16650家公司年的观察结果，结果表明，分散的决策权可以显著提高企业的劳动收入份额。这一结果在非国有产权企业和全要素生产率较低的企业中更为明显。此外，企业决策权的下放减少了公司内部的租金耗散，提高了企业的投资积极性，增加了研发投入，促进了劳动力的升级。

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Allocation of decision‐making power and labour income share in listed companies: Evidence from China

Abstract This paper utilises the perspective of listed companies to explore the influence of decision‐making power allocation on labour income share and analyses the possible mechanisms. Utilising 16,650 firm‐year observations from both the Shenzhen and Shanghai stock exchanges between 2008 and 2021, the results show that decentralised decision‐making power can significantly improve the labour income share of enterprises. This result is more obvious in enterprises with non‐state‐owned property rights and low total factor productivity. Furthermore, decentralising enterprise decision‐making power reduces rent dissipation within the company, improves enterprise investment enthusiasm, increases investment in research and development, and promotes upgrading the labour force.

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来源期刊

Accounting and Finance BUSINESS, FINANCE-

CiteScore

5.10

自引率

7.70%

发文量

期刊介绍： Accounting & Finance enjoys an excellent reputation as an academic journal that publishes articles addressing significant research questions from a broad range of perspectives. The journal: • publishes significant contributions to the accounting, finance, business information systems and related disciplines • develops, tests, or advances accounting, finance and information systems theory, research and practice • publishes theoretical, empirical and experimental papers that significantly contribute to the disciplines of accounting and finance • publishes articles using a wide range of research methods including statistical analysis, analytical work, case studies, field research and historical analysis • applies economic, organizational and other theories to accounting and finance phenomena and publishes occasional special issues on themes such as on research methods in management accounting. Accounting & Finance is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments, and merchant and investment banking.