Industrial restructuring and corporate income distribution gap

Gengquan Zhang and Xiaohan Liu

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This study employs regression analysis to investigate the crucial role of industrial restructuring in reducing the income distribution gap within the enterprise. The findings show the following. First, adjusting the industrial structure has substantially increased the average wage levels for companies and their employees, particularly for rank-and-file workers, while exerting little influence on executive compensation. Second, industrial restructuring indirectly boosts the income growth of companies and their employees by fostering technological advancements, improving production efficiency, and expanding sales volume. Finally, the positive impact of industrial restructuring on corporate income distribution is more pronounced in state-owned enterprises and competitive sectors.

Keywords: Industrial restructuring; Corporate income distribution gap; Economic growth model; Total factor productivity (search for similar items in EconPapers)
JEL-codes: H21 H24 H25 J31 J48 O47 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324009267

DOI: 10.1016/j.frl.2024.105896

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