Strategic alliances have become important mechanisms for companies in China to optimize resource allocation and gain competitive advantages.Based on the data of corporate participation in strategic alliances,this paper examines the impact of corporate strategic alliances on labor income share.The paper finds that corporate strategic alliances increase the labor income share,mainly manifested as an increase in the labor income share of ordinary employees,with no significant effect on the income share of executives.Meanwhile,financial-company alliances and alliances where smaller firms collaborate with larger firms show a more pronounced effect on increasing the labor income share.The mechanism test finds that the effect of corporate strategic alliances on the labor income share is mainly achieved through alleviating financing constraints and promoting the upgrading of human capital structure.The effect of strategic alliances on income share is more significant in non-state-owned enterprises,labor-intensive enterprises,and enterprises with a higher level of market competition.This paper not only provides empirical evidence for companies'active participation in strategic alliances but also offers new insights into increasing the labor income share of enterprises.
strategic alliancelabor income shareincome share gap
国家科技期刊平台
NSTL
万方数据
