财经理论与实践2026，Vol.47Issue(4)：52-60,9.DOI:10.16339/j.cnki.hdxbcjb.2026.04.007
为企业"松绑":养老保险改革何以增效?
Unleashing Enterprises:How Does Pension Insurance Reform Enhance Efficiency?
摘要
Abstract
Based on data from Chinese A-share listed enterprises from 2014 to 2024,this study takes the"Comprehensive Plan for Reducing Social Insurance Premium Rates implemented in 2019"as a starting point to examine the impact of the premium reduction policy on enterprises' total factor productivity.The study finds that the implementation of the premium reduction plan effectively improves enterprises' total factor productivity by enhancing their operational and fi-nancing capacity.The positive effect of the policy on total factor productivity is more pronounced in labor-intensive enterprises,state-owned enterprises,and enterprises located outside the Yan-gtze River Delta region.In light of these findings,it is recommended to implement differentiated policy guidance,support the efficient transformation of corporate dividends,and collaboratively improve corporate financing environments,thereby promoting the enhancement of total factor productivity and achieving high-quality economic development.关键词
降费综合方案/全要素生产率/营运能力/融资能力Key words
premium reduction comprehensive plan/total factor productivity/operating ca-pacity/financing capacity分类
管理科学引用本文复制引用
何新江,李明轩,林莎..为企业"松绑":养老保险改革何以增效?[J].财经理论与实践,2026,47(4):52-60,9.基金项目
国家自然科学基金项目(12301614) （12301614）
浙江省哲学社会科学规划课题(26NDJC019YB) （26NDJC019YB）
浙江省社会科学界联合会研究课题(2025N095) （2025N095）
浙江省属高校基本科研业务费(GB202604006) （GB202604006）
