银行业竞争提高企业劳动收入份额——来自中国制造业上市公司的经验证据  

The Promoting Effect of Bank Competition on Labor Share-Evidence from Chinese Listed Manufacturing Firms

作　　者：丁辉[1,2] 刘新恒 李广众 DING Hui;LIU Xinheng;LI Guangzhong(Sun Yat-sen University;Changsha University of Science&Technology)

机构地区：[1]中山大学商学院 [2]中山大学·深圳创新创业与科技金融研究中心 [3]长沙理工大学经济与管理学院

出　　处：《经济学（季刊）》2024年第4期1343-1357,共15页China Economic Quarterly

基　　金：国家社会科学基金重大项目(21&ZD143)的资助。

摘　　要：本文基于2000—2020年A股制造业上市公司数据考察银行业竞争对劳动收入份额的影响。研究发现:银行业竞争显著提高了劳动收入份额,企业融资约束缓解是重要的影响渠道。进一步分析表明,银行业竞争显著提高了普通员工的劳动收入份额,但对管理者的劳动收入份额没有明显影响;银行业竞争对劳动收入份额的提升作用主要体现在产品市场竞争程度较高的企业、技术密集型行业以及中西部、市场化水平较低的地区。Based on A-share manufacturing firm-level data of 2000-2020,we attempt to investigate the impact of bank competition on labor share.We find that bank competition significantly increases firms'labor share and the alleviation of financing constraint is an important channel.Further analysis shows that bank competition significantly increases the labor share of ordinary employees,but has no impact on the labor share of managers.The impact of bank competition on labor share is more pronounced for firms facing higher product market competition,firms in technology-intensive industries,and firms located in central and western regions with a lower level of marketization.

关 键 词：银行业竞争 劳动收入份额 融资约束 

分 类 号：F425[经济管理—产业经济] F832F406.7