中国人口·资源与环境2026，Vol.36Issue(6)：32-42,11.DOI:10.12062/cpre.20250924
绿色治理对企业内部薪酬差距的影响
The impact of green governance on intra-firm pay dispersion:evidence from the Green Factory
摘要
Abstract
Chinese modernization is characterized by both the harmonious coexistence of humanity and nature and the achievement of common prosperity for all.How to advance these two goals in tandem is a critical issue concerning the realization of Chinese moderniza-tion.The Green Factory Initiative,a voluntary environmental regulation aimed at promoting green governance of enterprises,imposes stringent requirements on selected green enterprises in areas such as environmental information disclosure,environmental performance,and green management systems.Using data on A-share listed manufacturing firms from 2012 to 2023,this study employed a difference-in-differences approach to examine the impact of the Green Factory Initiative on intra-firm pay gaps.The findings revealed that the ini-tiative reduced the average pay gap between employees and executives by 7.87%,thereby achieving a degree of coordination between green development and common prosperity.The robustness of the above findings was verified through a series of tests.Mechanism anal-ysis indicated that the initiative narrowed intra-firm pay gaps through the governance effect of environmental information disclosure and the bargaining power restructuring effect driven by green skills.Specifically,on the one hand,the initiative improved environmental in-formation disclosure and supervision mechanisms,reduced information asymmetry between firms and stakeholders,and curbed execu-tives'ability to obtain excess compensation through greenwashing.On the other hand,it enhanced firms'human capital structure by at-tracting more high-quality talent,thereby strengthening employees'bargaining power in compensation negotiations.Heterogeneity anal-ysis showed that the pay governance effect of the Green Factory Initiative was more pronounced in firms with higher levels of greenwash-ing,non-state-owned enterprises,and regions with stronger expectations for fairness.Extended analysis further revealed that the initia-tive promoted the rationalization of pay gaps and effectively drove high-quality corporate development.This study emphasizes that im-plementing the principle of"distribution according to work"through enhanced environmental information transparency and accelerating the cultivation of high-skilled talent will help coordinate green development and common prosperity,providing important insights for ac-celerating the advancement of Chinese modernization.关键词
绿色发展/共同富裕/绿色工厂/薪酬差距Key words
green development/common prosperity/Green Factory Initiative/pay gap分类
管理科学引用本文复制引用
胡化广,刘海建,周枫凯..绿色治理对企业内部薪酬差距的影响[J].中国人口·资源与环境,2026,36(6):32-42,11.基金项目
国家自然科学基金面上项目"逆国际化背景下重塑我国企业海外社会责任新形象:基于超越'来源国劣势'的视角"(批准号:72372072). （批准号:72372072）
