The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China
The purpose of this study is to investigate the impact of asset status and external factors related to asset status on income distribution disparities among senior executives, employees, and shareholders. Incorporating micro-level data and theoretical analysis, the data of Chinese a-share listed com...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2024-03-01
|
| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/21582440241229569 |
| _version_ | 1797278390653288448 |
|---|---|
| author | Jiaqi Sun Ping Li Jian Fang |
| author_facet | Jiaqi Sun Ping Li Jian Fang |
| author_sort | Jiaqi Sun |
| collection | DOAJ |
| description | The purpose of this study is to investigate the impact of asset status and external factors related to asset status on income distribution disparities among senior executives, employees, and shareholders. Incorporating micro-level data and theoretical analysis, the data of Chinese a-share listed companies from 2012 to 2021 are selected for panel regression analysis. Existing research has often focused on the main differences in income between employees and executives. This study reveals that the distribution of total corporate income among employees, executives, and shareholders can better reflect the fluctuating trend of income variance among different groups. It was found that asset efficiency, asset market value, and asset property rights, among other asset status factors, significantly influence the degree of inequality in income distribution. Empirical research results indicated that corporate executives can benefit similarly to shareholders from improvements in asset efficiency and other asset status factors. Following an increase in corporate cash holdings, executives tend to benefit more relative to employees. Additionally, digital inclusive finance and equity concentration both have moderating effects, mitigating the impact of asset status on inequality in income distribution. |
| first_indexed | 2024-03-07T16:02:29Z |
| format | Article |
| id | doaj.art-dca11da3b4994acdb7539b3cdcdc2494 |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-03-07T16:02:29Z |
| publishDate | 2024-03-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-dca11da3b4994acdb7539b3cdcdc24942024-03-04T19:03:27ZengSAGE PublishingSAGE Open2158-24402024-03-011410.1177/21582440241229569The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From ChinaJiaqi Sun0Ping Li1Jian Fang2School of Economics, Liaoning University, Shenyang, ChinaSchool of Economics, Liaoning University, Shenyang, ChinaPeking University Shenzhen Graduate School, Shenzhen, ChinaThe purpose of this study is to investigate the impact of asset status and external factors related to asset status on income distribution disparities among senior executives, employees, and shareholders. Incorporating micro-level data and theoretical analysis, the data of Chinese a-share listed companies from 2012 to 2021 are selected for panel regression analysis. Existing research has often focused on the main differences in income between employees and executives. This study reveals that the distribution of total corporate income among employees, executives, and shareholders can better reflect the fluctuating trend of income variance among different groups. It was found that asset efficiency, asset market value, and asset property rights, among other asset status factors, significantly influence the degree of inequality in income distribution. Empirical research results indicated that corporate executives can benefit similarly to shareholders from improvements in asset efficiency and other asset status factors. Following an increase in corporate cash holdings, executives tend to benefit more relative to employees. Additionally, digital inclusive finance and equity concentration both have moderating effects, mitigating the impact of asset status on inequality in income distribution.https://doi.org/10.1177/21582440241229569 |
| spellingShingle | Jiaqi Sun Ping Li Jian Fang The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China SAGE Open |
| title | The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China |
| title_full | The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China |
| title_fullStr | The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China |
| title_full_unstemmed | The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China |
| title_short | The Influence of Asset Status on Income Equality Considering Digital Inclusive Finance and Equity Concentration: Evidence From China |
| title_sort | influence of asset status on income equality considering digital inclusive finance and equity concentration evidence from china |
| url | https://doi.org/10.1177/21582440241229569 |
| work_keys_str_mv | AT jiaqisun theinfluenceofassetstatusonincomeequalityconsideringdigitalinclusivefinanceandequityconcentrationevidencefromchina AT pingli theinfluenceofassetstatusonincomeequalityconsideringdigitalinclusivefinanceandequityconcentrationevidencefromchina AT jianfang theinfluenceofassetstatusonincomeequalityconsideringdigitalinclusivefinanceandequityconcentrationevidencefromchina AT jiaqisun influenceofassetstatusonincomeequalityconsideringdigitalinclusivefinanceandequityconcentrationevidencefromchina AT pingli influenceofassetstatusonincomeequalityconsideringdigitalinclusivefinanceandequityconcentrationevidencefromchina AT jianfang influenceofassetstatusonincomeequalityconsideringdigitalinclusivefinanceandequityconcentrationevidencefromchina |