Enhancing the proportion of labor income is essential for reducing income disparity and attaining widespread prosperity. This study utilizes the difference-in-differences (DID) approach to examine the relationship, using data from A-share listed corporations from 2011 to 2022. The discovery demonstrates that implementing the Fair Competition Review System can significantly enhance the labor income shares for executives and ordinary employees within enterprises. Nevertheless, the Fair Competition Review System has a more significant impact on the pay share of ordinary employees compared to executives. Additionally, the favorable effects are attained by increasing profits and reducing financing expenses. Furthermore, the firm's ownership structure and the executives' shareholding have diverse mediation impacts. This paper enhances the current body of research on the factors influencing the proportion of income corporate employees receive. It also provides novel perspectives on examining the governance systems that can enhance their income share.

中文翻译：

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事前审查制度如何提高企业的劳动收入份额——来自公平竞争审查制度的经验证据


提高劳动收入比例，对于缩小收入差距，实现广泛富裕是必不可少的。本研究利用双重差分 （DID） 方法，使用 2011 年至 2022 年 A 股上市公司的数据来检验这种关系。该发现表明，实施公平竞争审查制度可以显著提高企业内部高管和普通员工的劳动收入份额。然而，与高管相比，公平竞争审查制度对普通员工的薪酬份额的影响更大。此外，通过增加利润和减少融资费用可以获得有利效果。此外，公司的所有权结构和高管的持股情况也对中介产生不同的影响。本文加强了当前关于影响公司员工收入比例的因素的研究。它还为研究可以提高其收入份额的治理系统提供了新的视角。