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Climate finance and the labor income share of enterprises: Evidence from China

Hong Li et al.

China Economic Quarterly International2025https://doi.org/10.1016/j.ceqi.2025.03.002article
ABDC C
Weight
0.37

What the paper says

Climate finance refers to the financing that addresses climate change. Its implementation affects industrial relations, and the labor income share of enterprises. This study conducts theoretical and empirical analyses to explore the impact of climate finance on the labor income share of Chinese A-share listed enterprises. Leveraging panel data spanning from 2008 to 2022 and drawing on strategic choice theory, the research reveals a positive U-shaped relationship between climate finance and enterprises’ labor income share. Mediation analysis further uncovers that climate finance reduces labor income share by increasing debt default risk while raising it through a higher labor-capital ratio. Industry heterogeneity analysis indicates that the negative effect is more pronounced in heavy-pollution industries. As the first investigation of the climate finance-labor income share nexus in China, this study offers crucial insights for policymakers balancing environmental and labor market objectives.

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https://doi.org/https://doi.org/10.1016/j.ceqi.2025.03.002

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@article{hong2025,
  title        = {{Climate finance and the labor income share of enterprises: Evidence from China}},
  author       = {Hong Li et al.},
  journal      = {China Economic Quarterly International},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1016/j.ceqi.2025.03.002},
}

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Climate finance and the labor income share of enterprises: Evidence from China

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.