Social insurance, wage levels, and corporate innovation efficiency

Xiang Hua

Finance Research Letters, 2025, vol. 79, issue C

Abstract: Using data from Chinese listed companies from 2009 to 2022 as a sample, this study examines the impact of social insurance and wage levels on corporate innovation efficiency. Results reveal that social insurance can inhibit corporate innovation efficiency, wage levels are conducive to enhancing corporate innovation efficiency, corporate age plays a moderating role in the relationship between social insurance and corporate innovation efficiency, and the impact of social insurance and wage levels on the innovation efficiency varies by state-owned and private enterprises.

Keywords: Social insurance; Wage levels; Innovation efficiency (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005380

DOI: 10.1016/j.frl.2025.107275

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