财税激励与公司内部收入不平等
Financial incentives and income inequality within companies:Example of Shanghai and Shenzhen A-share listed companies
康锋莉 1李梁昌1
作者信息
- 1. 广东外语外贸大学,广东 广州 510006
- 折叠
摘要
税收优惠、财政补贴是政府经济干预的主要政策工具,不仅引导产业调整,而且对规范收入分配体系发挥着重要作用.以2005-2021年沪深A股上市公司为研究对象,探讨税收优惠、财政补贴对公司内部收入不平等的影响及其作用机制.研究发现:税收优惠、财政补贴对员工工资均具有显著的正向影响,但对不同层级员工的激励效果存在显著差异,税收优惠对管理层平均工资的促进作用更大,从而扩大了公司内部收入不平等;财政补贴对普通员工平均工资的促进作用更大,但未扩大公司内部收入不平等.机制分析表明,税收优惠比财政补贴更容易通过盈余管理行为和薪酬业绩敏感性提升管理层平均工资,进而扩大公司内部收入不平等.实施差别化的财税政策、进一步提升财税政策的监管力度有助于完善公司内部收入分配体系.
Abstract
Tax incentives and financial subsidies serve as primary policy instruments,facilitating indus-trial adjustment while regulating income distribution systems.This paper examines Shanghai and Shenzhen A-share listed companies(2005-2021)to analyze how these policies affect intra-firm income inequali-ty.The results show that both tools significantly boost employee wages,but with divergent effects.Tax in-centives increase managerial salaries greatly,exacerbating income disparity;whereas financial subsidies pri-marily elevate ordinary employees' wages,showing neutral inequality effects.Mechanism analysis shows that tax incentives are more likely to increase the average salary of managers through earnings management behavior and compensation performance sensitivity than fiscal subsidies,thereby widening income inequality within firms.Further strengthening the supervision of fiscal and tax policies will help improve the fair and orderly internal income distribution system of companies.
关键词
税收优惠/财政补贴/公司内部收入不平等Key words
tax incentives/financial subsidies/income inequality within companies引用本文复制引用
出版年
2025
NETL
NSTL
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