The Impact of Foreign Direct Investment on the Labor Income Share of Listed Companies

摘要

Based on the data of China’s listed companies inShanghai Stock Exchange and Shenzhen Stock Exchange from 2003 to 2017, thispaper tries to figure out effect of FDI on China’s labor income share from amicro perspective. Now the reform and opening up and market-oriented reform inChina continue to evolve, but the labor income share of foreign enterprises isnot significantly bigger than that of domestic enterprises, which indicatesthat the promoting effect of foreign direct investment on labor income share ofemployees of the listed companies in China is declining or disappearing, buthigh-level control of foreign investors will raise the labor income share.