企业ESG责任履行提高劳动收入份额了吗?OA北大核心CHSSCDCSSCICSTPCD

The fulfillment of environmental,social,and governance(ESG)responsibilities becomes a concrete portrayal of financial markets and micro-enterprises promoting sustainable development,which will also impact corporate labor-capital relations and income distribution.However,the internal mechanism remains unclear.As a key indicator for measuring corporate sustainability,ESG represents a value concept,investment strategy,and evaluation tool that focuses on environmental protection,social responsibility,and corporate governance performance,rather than solely financial performance.Labor income share not only reflects the fairness of income distribution but also relates to the stability and cohesion of the society.Effectively increasing labor income share to improve the income distribution is conducive to achieving common prosperity and promoting balanced development.Therefore,this research selects A-share listed companies in Shanghai and Shenzhen stock exchanges from 2011 to 2022 as the research sample,empirically analyzing the impact of corporate ESG responsibility fulfillment on labor income share. The benchmark regression shows that corporate ESG responsibility fulfillment is beneficial to increasing labor income share,and this conclusion remains valid after conducting a series of robustness tests.Mechanism analysis indicates that corporate ESG responsibility fulfillment primarily impacts labor income share by optimizing human capital structure and alleviating financing constraints.Heterogeneity analysis reveals that ESG responsibility fulfillment has a more significant effect on enhancing labor income share in state-owned enterprises,non-labor-intensive industries,and economically developed regions.Furthermore,corporate ESG responsibility fulfillment shows an employment effect of increasing job creation and reducing job destruction,and the fulfillment related to environmental protection is more conducive to increasing labor income share.Therefore,it should focus on the implementation of policies to promote the deep integration of ESG concepts with the real economy,provide theoretical support for enterprises to optimize their human capital structure and cultivate high-skilled talents,and take adequate measures to address the possible multidimensional impacts of ESG on the labor market. These findings provide empirical evidence for changes in corporate labor-capital relations and income distribution under corporate ESG responsibility fulfillment,as well as theoretical support for promoting corporate ESG practices,improving the distribution of corporate factor rewards,and achieving common prosperity.At the same time,it creates a new perspective for understanding the multi-dimensional influencing factors of labor income share,enriches the theoretical system of the relationship between ESG and labor economics,and provides empirical evidence for formulating more scientific and reasonable talent policies.It also supports companies in optimizing their human capital structure,cultivating high-skilled talents,and helping companies achieve scientific planning and effective implementation of talent strategies.