经济理论与经济管理 ›› 2023, Vol. 43 ›› Issue (3): 69-81.

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市场公平竞争与企业劳动收入份额*——来自《反垄断法》实施的证据

  

  1. 中央财经大学会计学院
  • 出版日期:2023-03-16 发布日期:2023-04-18
  • 基金资助:
    本文得到国家自然科学基金面上项目“企业杠杆率与创新能力:后果、机制及治理”(71972193)、“竞争政策与微观企业行为—基于《反垄断法》实施的准自然实验”(71972194)、“区域文化差异与资本流动:基于异地投资的视角”(71872199)与国家自然科学基金青年项目“国企市场化改革与企业创新”(71602197)的资助。

MARKET FAIR COMPETITION AND LABOR INCOME SHARE——An Evidence from the Antitrust Law

  1. Accounting School,Central University of Finance and Economics
  • Online:2023-03-16 Published:2023-04-18

摘要: 在强化反垄断与扎实推进共同富裕的现实背景下,本文利用《反垄断法》实施的外生冲击,研究了市场公平竞争对企业劳动收入份额的影响。结果发现,相比于垄断程度较低的企业,《反垄断法》实施之后,垄断程度较高企业的劳动收入份额显著提高。《反垄断法》对企业劳动收入份额的正向影响在行政垄断程度较高的地区、高新技术行业、对科技人员的依赖程度高的企业中较强,在代理成本较高的企业中较弱。拓展性研究发现,降低垄断利润、提高自主研发强度是《反垄断法》提升企业劳动收入份额的重要渠道;《反垄断法》的实施主要提高了普通员工的劳动收入份额,对高管的劳动收入份额有抑制作用。

关键词: 市场竞争, 劳动收入份额, 反垄断法

Abstract: In the context of China's implementation of making solid advances toward common prosperity and strengthening antitrust enforcement,this paper uses the enactment of the Antitrust Law as a unique shock to examine empirically the impact of market fair competition on labor income share The result shows that compared with competitive firms,the labor income share of monopoly firms increases significantly after the enforcement of the Antitrust Law The positive relation between the Antitrust Law and labor income share is amplified in high executive monopoly regions,hightech industries,and firms with higher ratio of scientists and engineers,and is dampened in firms facing lower agency cost Further,this paper finds that reducing the monopoly rent and improving R&D intensity are important channels through which the Antitrust Law increases labor income share;the Antitrust Law increases the labor income share of staff,and decreases the labor income share of managers

Key words: market competition, labor income share, the Antitrust Law  ,