How can wage restriction order affect a firms' financialization?

doi:10.1016/j.frl.2024.106506

	How can wage restriction order affect a firms' financialization?
	Xie, Yan1,2 ; Zhang, Juan3 ; Zhang, Kun4 ; Ren, Yixin 5
	2025-02
在线发表日期	2024-12
发表期刊	FINANCE RESEARCH LETTERS
卷号	72
摘要	This paper employs Chinese A-share listed firms from 2011 to 2022 to investigate the correlation between the reform of the remuneration system, represented by the Wage Restriction Order, and the process of corporate financialization. The results emphasize that implementing the Wage Restriction Order can impede business financialization in terms of willingness and magnitude. Moreover, the Wage Restriction Order hinders corporate financialization by optimizing executives' compensation structure and reducing managers' short-sightedness. The diverse impacts of the Wage Restriction Order on corporate financialization arise from the labor costs mechanism.
关键词	Compensation system reform Corporate financialization Wage restriction order
DOI	10.1016/j.frl.2024.106506
收录类别	SSCI
ISSN	1544-6123
语种	英语
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:001401372000001
出版者	ACADEMIC PRESS INC ELSEVIER SCIENCE
原始文献类型	Article
EISSN	1544-6131
引用统计	被引频次[WOS]：0 [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/38736
专题	统计与数据科学学院工商管理学院会计学院
通讯作者	Xie, Yan
作者单位	1.Lanzhou Univ Finance & Econ, Sch Stat & Data Sci, Lanzhou 730020, Peoples R China; 2.Lanzhou Univ Finance & Econ, Sch Informat Engn & Artificial Intelligence, Lanzhou 730020, Peoples R China; 3.Guangdong Innovat Tech Coll, Dongguan 523960, Peoples R China; 4.Hong Kong Polytech Univ, Fac Business, Hong Kong 999077, Peoples R China; 5.City Univ Macau, Fac Int Tourism & Management, Macau 999078, Peoples R China
第一作者单位	统计与数据科学学院; 信息工程与人工智能学院
通讯作者单位	统计与数据科学学院; 信息工程与人工智能学院
推荐引用方式 GB/T 7714	Xie, Yan,Zhang, Juan,Zhang, Kun,et al. How can wage restriction order affect a firms' financialization?[J]. FINANCE RESEARCH LETTERS,2025,72.
APA	Xie, Yan,Zhang, Juan,Zhang, Kun,&Ren, Yixin.(2025).How can wage restriction order affect a firms' financialization?.FINANCE RESEARCH LETTERS,72.
MLA	Xie, Yan,et al."How can wage restriction order affect a firms' financialization?".FINANCE RESEARCH LETTERS 72(2025).