银行业竞争与企业劳动收入份额——来自中国上市公司的经验证据
Banking Sector Competition and Corporate Labor Income Share——Empirical Evidence from Chinese Listed Companies
金龙,黄禹喆,哈斯乌兰
摘要(Abstract):
国民收入分配结构不仅影响着经济长期可持续发展,而且关系到社会和谐与稳定。本文以中国上市公司为研究样本,利用城市级商业银行分支机构数据,探究了银行业竞争对企业劳动收入份额的影响效应、作用路径和异质特征。研究发现,银行业竞争能够显著提高企业劳动收入份额,且上述结论在经过一系列稳健性检验后依旧成立。路径分析表明,银行业竞争通过减少债务融资成本、激发企业技术创新和增加个人信贷获取,进而提高企业劳动收入份额。异质性检验显示,对于民营、中小规模、处于劳动密集型行业以及具有较小工会规模的企业而言,银行业竞争对其劳动收入份额的正向影响更为明显。本文的研究丰富了银行业竞争与企业劳动收入份额的相关成果,也为解决我国劳动收入分配严重失衡以及由此可能带来的贫富分化、社会矛盾激化等一系列经济社会问题提供了决策依据和政策参考。
关键词(KeyWords): 银行业竞争;劳动收入份额;债务融资成本;企业技术创新;个人信贷获取
基金项目(Foundation): 国家社科基金青年项目“贷款市场利率报价机制、利率政策有效性与金融稳定性研究”(21CJY069);; 广东省哲学社会科学“十四五”规划2023年度学科共建项目“广东省头部企业数字化转型带动产业数字化:作用机制、经济后果与政策设计”(GD23XYJ04)的资助
作者(Author): 金龙,黄禹喆,哈斯乌兰
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