Research on the Impact of Income Distribution on Enterprise Innovation under the Goal of Common Prosperity
Exploring the impact of the rationalization of income distribution under the goal of common prosperity on corporate innovation is not only a re-examination of the rationalization of income distribution under the goal of common prosperity,but also the key to strengthen the cumulative effect of the cycle of common prosperity and innovation power.For a long time,the research on corporate innovation centering on income distribution has presented a state of"separation"between macro and micro research perspectives.As a microeconomic subject,the innovation level of enterprises is affected by both external environment and internal governance.Ignoring the interaction between macro and micro income distribution,it is impossible to formulate income distribution strategies to strengthen corporate innovation based on its linkage effect.Moreover,income distribution mainly includes factor income distribution and personal income distribution.Existing research often focuses on the impact of only one aspect of income distribution on corporate innovation.This is not conducive to a comprehensive understanding of the significance and role of income distribution on innovation.This paper,from the perspective of macro-micro interaction,comprehensively explores the linkage effects of macro and micro income distribution on corporate innovation.Based on the servo principle in synergy theory,this paper builds an investigation a model of the linkage effect of macro and micro income distribution on enterprise innovation.Taking A-share companies from 2007 to 2021 as samples,this paper examines the linkage effect of macro and micro income distribution on enterprise innovation under the goal of common prosperity.It is found that rationalization of income distribution at the macro level under the goal of common prosperity promotes corporate innovation.There is a linkage effect between macro and micro income distribution on corporate innovation.The linkage effect is different between the distribution of factor income and individual income.In terms of factor income distribution,the linkage effect is reflected in the substitution effect of micro income distribution on macro income distribution.However,In terms of individual income distribution,it is reflected that micro income distribution has a supplementary effect on macro income distribution.Further examination shows that the rationalization of income distribution at the macro level is helpful to promote enterprise innovation by facilitating enterprises to increase innovation input and improve innovation efficiency.In the respect of increasing innovation input and improving innovation efficiency,macro and micro income distribution still have a significant linkage effect.Compared with research based only on macro or micro perspectives,this paper is helpful to provide a macro and micro comprehensive management schemes for improving the innovation ability of enterprises.Meanwhile,the research conducted from the two dimensions of factor income distribution and individual income distribution contributes to fully understanding the realistic role of income distribution in enterprise innovation.In addition,this paper can be regarded as a path reference for promoting common prosperity as well.Based on the conclusions of this study,Government departments should focus on building a mechanism in which the environment for obtaining workers'income and the improvement of workers'ability can be integrated and mutually promoted.We will effectively adjust wealth and narrow the income gap among individuals with the basic idea of"adjusting the high,expanding the middle,and protecting the low".At the same time,supporting systems should be introduced to urge enterprises to strengthen internal governance,and adjust the internal income distribution according to the level of macro income distribution,so as to give full play to the linkage effect of macro and micro income distribution.
common prosperityincome distributionenterpriseinnovationmacro and micro linkage effects
NETL
NSTL
万方数据
