Does the Extent of Mixed Ownership Reform Affect the Labor Income Share in State-owned Enterprises?
The reform of mixed ownership of state-owned enterprises is the focus of the reform of state-owned enterprises.The change in the proportion of labor income will directly affect the effective implementation of the strategy of expanding domestic demand.Therefore,it is of great significance to study the impact of mixed reform of state-owned enterprises on labor income.This article uses China's A-share state-controlled listed companies as a sample from 2007 to 2020 to study the impact of mixed ownership reform on the proportion of labor income of state-owned enterprise.The results show that the in-depth and mixed degree of the equity structure of the state-owned enterprise mixed reform only increases on the proportion of senior executives'labor income,but has no significant effect on the proportion of overall labor income and the proportion of ordinary employees'labor income.Further research found that the deeper the degree of mixing and reforming reduces the overall employee size,which is manifested in a decline in the number of ordinary employees employed,but raises the number of executives,which affects the labor income share of both to a certain extent,and that the change in the number of executive employees plays a partly intermediary role in mixing and the share of executives'labor income.The effect of the degree of state-owned enterprises mixing on the labor income share is heterogeneous among firms with differences in the level of state-owned enterprises affiliation,functional classification of state-owned enterprises,and independence of the board of directors.The research conclusions of this article are helpful to analyze the status quo of mixed reform of state-owned enterprises,optimize the income distribution system of enterprises while deepening the reform,and help rationalize the national income structure,achieve common prosperity.
the degree of mixed ownership reformproportion of senior management's labor incomeproportion of ordinary employees'labor income
万方数据
维普
