Social insurance contribution rates, income levels, and corporate innovation

Yuming Ouyang

Finance Research Letters, 2025, vol. 74, issue C

Abstract: This study examines the impact of social insurance contribution rates (SSR) on corporate innovation using data from on China's A-share listed firms from 2013 to 2022 and how social insurance contribution rates influence corporate innovation through income levels. The study finds that reducing SSR significantly promotes corporate innovation. Lower SSR also stimulates corporate innovation by increasing per capita disposable income, the average wage of urban unit employees, and per capita regional GDP. The study also found that the effect of lowering SSR on promoting corporate innovation is stronger in large enterprises.

Keywords: Social insurance contribution rate; Income level; Corporate innovation (search for similar items in EconPapers)
JEL-codes: H55 J31 L25 O31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612325000352

DOI: 10.1016/j.frl.2025.106770

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