Using A-share listed companies from 2011 to 2020,this paper explores the impact of the tax credit rating system on labor share of enterprise and its mechanism.The study finds that the tax credit rating system significantly increases the labor share of enterpri-ses.Mechanism analysis shows that the tax credit rating system influences the labor share of enterprises by alleviating corporate financing constraints and adjusting corporate hiring decisions.Heterogeneity analysis reveals that the promotion effect of the tax credit rating system on labor share is more prominent for non-state-owned enterprises,enterprises with high information asymmetry and ordinary employ-ees.This study holds significant importance for increasing the labor income share and promoting common prosperity in China.
关键词
企业劳动收入份额/纳税信用评级制度/融资约束/雇佣决策
Key words
labor income share of enterprises/tax credit rating system/financing constraints/hiring decisions
维普
万方数据