Study on the Income Distribution Effects of National Auditing——From the perspective of labor income share of listed companies of central SOEs
Increasing the share of labor income is an important mechanism to ensure that all the people share the fruits of development.This paper studies the announcement of the audit results of financial revenues and expenditures of central state-owned enterprises(SOEs)released by the National Audit Office,and carefully examines the influence of the national auditing on the labor income share of the listed companies of central SOEs.It is found that national auditing can significantly increase the labor income share of listed companies of audited central SOEs,which is achieved by improving independent innovation and increasing employment.Heterogeneity analysis shows that when the listed companies of central SOEs are in the secondary industry and the financing constraints are low,their labor income share is more likely to be affected by national auditing.Further research shows that national auditing mainly increases the labor income share of ordinary employees,but has no significant impact on the labor income share of senior executives.In addition,more rounds of audits can further strengthen the supervision effect of national auditing.This paper expands the understanding of the function of national auditing from the perspective of labor income share of listed companies of central SOEs.The research conclusions are helpful to deepen the understanding of the microeconomic effects of national auditing,and provide empirical evidence for the improvement of income distribution of listed companies of central SOEs by national auditing.
national auditingincome distributionlabor income share