Can Cross-Border E-Commerce Promote Common Prosperity within Enterprises?:Based on a Quasi-Natural Experiment of Cross-Border E-Commerce Comprehensive Pilot Zones Policy
This study uses data from Chinese A-share listed companies from 2009 to 2021 and takes the establishment of cross-border e-commerce comprehensive pilot zones as a quasi-natural experiment.It empirically examines the impact and mechanism of cross-border e-commerce policies on achieving shared prosperity within enterprises using a multi-period differ-ence-in-differences model.The research findings show that the establishment of cross-border e-commerce comprehensive pilot zones significantly promotes shared prosperity within enterprises.Specifically,companies located in these pilot zones experi-ence a 0.62％increase in labor income share and a reduction of 22.92％in income inequality within the company,effectively contributing to both"expanding the cake"and"fairly distributing the cake."Mechanism analysis reveals that cross-border e-commerce policies promote enterprise cross-border trade and market expansion and absorb employment,leading to higher la-bor income shares within companies.Additionally,these policies optimize the human capital structure of enterprises,thereby narrowing income disparities internally.Further analysis indicates that cross-border e-commerce policies have a stronger effect on promoting labor income shares in cities with lower minimum wage standards,while their effect on reducing income disparities is more pronounced in cities with higher average wages.Moreover,non-state-owned enterprises and those located in eastern regions benefit more from the effects of cross-border e-commerce policies.
cross-border e-commerceshared prosperitylabor income shareincome gap
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