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本文考察了独立董事对劳动收入占比的影响。通过对1999~2012年中国A股制造业上市公司的实证研究,发现独立董事占比对资本劳动收入比存在U型影响。董事长与总经理两职分离有助于增强独立董事对资本劳动收入比的调节作用,进而加深对劳动收入占比的影响。独立董事占比对资本劳动收入比或劳动收入占比的影响存在时间、地区、所有制、不同要素密集行业的差异。最后简要提出结论和总结。
This article examines the impact of independent directors on the proportion of labor income. Through the empirical research on listed companies of A-share manufacturing industry in China from 1999 to 2012, we find that the proportion of independent directors has a U-shaped impact on the capital labor income ratio. The separation of the two roles of the chairman and the general manager helps to enhance the regulatory role of independent directors in the capital-labor-income ratio and further deepens the impact on the proportion of labor income. The influence of the proportion of independent directors on the capital labor income ratio or the labor income proportion has the differences in time, region, ownership, and different factor-intensive industries. At last, the conclusion and conclusion are briefly put forward.