Financial Supply Improvement and Corporate Labor Investment Efficiency: Evidence from the Distribution of Bank Branches

CAO Hui-ping; DING Yi-fan

Volume 39 Issue 1

Jan. 2024

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2024 > 39(1): 54-69

CAO Hui-ping, DING Yi-fan. Financial Supply Improvement and Corporate Labor Investment Efficiency: Evidence from the Distribution of Bank Branches[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(1): 54-69.

Citation:

CAO Hui-ping, DING Yi-fan. Financial Supply Improvement and Corporate Labor Investment Efficiency: Evidence from the Distribution of Bank Branches[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(1): 54-69.

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Financial Supply Improvement and Corporate Labor Investment Efficiency: Evidence from the Distribution of Bank Branches

CAO Hui-ping¹,
DING Yi-fan^2
,

1.
School of International Trade and Economics, Anhui University of Finance and Economics, Bengbu 233030
2.
School of Finance and Statistics, Hunan University, Changsha 410007, China

Received Date: 2023-11-16
Available Online: 2024-01-30
Publish Date: 2024-01-28

Abstract

Abstract

As a crucial input factor in the production and operation process of enterprises, the effective allocation of labor plays an important role in building the core competitiveness of micro enterprises and promoting high-quality macroeconomic development. Based on the expansion of commercial banks' branch networks caused by the relaxation of market access for commercial banks, this paper analyzes the impact and mechanism of financial supply services on labor investment efficiency of enterprises. The research finds that the expansion of commercial bank networks can effectively improve labor investment efficiency of enterprises. It is meant that the more bank branches distributed around the enterprise, the higher the labor investment efficiency. The expansion of commercial bank branches mainly promotes the improvement of the labor investment efficiency through the effects of credit availability and supervision governance. In addition, the impact on labor investment efficiency of enterprises is more tangible in labor-intensive private enterprises with low collateral value and areas with low market segmentation. The expansion of commercial bank branches improves the efficiency of labor resource allocation to enhance R&D innovation and total factor productivity, empowering corporate high-quality development. The research conclusion further leverages the decisive role of financial supply-side reform in labor resource allocation, providing a theoretical basis and policy reference for high-quality development of economy and employment.
- bank branch expansion,
- financial supply improvement,
- labor investment efficiency,
- high-quality economic development

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References(39)

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