Digital transformation, equity pledge and labor income share

Yiyun Jiang, Xiufeng Wang, Toong Hai Sam and Asokan Vasudevan

Finance Research Letters, 2024, vol. 64, issue C

Abstract: This paper examines the impact of digital transformation on firms' labour income share using data from China's A-share listed companies from 2012 to 2022. The findings show that digital transformation generally increases firms' labour income share, mainly due to the increase in the share of graduate students and R&D personnel. However, equity pledges may undermine this positive impact.

Keywords: Digital transformation; Labor income share; Equity pledge (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004811

DOI: 10.1016/j.frl.2024.105451

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