Chai Kuang-Cheng, Huang Yang, Chang Ke-Chiun, Hu Wen-Jun
Business School, Guilin University of Electronic Technology, Guilin, China.
School of Economics and Management, Wuhan University, Wuhan, China.
Front Public Health. 2020 Jan 17;7:398. doi: 10.3389/fpubh.2019.00398. eCollection 2019.
This study examines selected companies in China from 2012 to 2017 matched with provincial air quality index data and uses ordinary least squares regression to examine the relationship between environmental regulation, air quality, employee compensation, and corporate performance. The study found that, first, environmental regulation has eliminated heavy polluting enterprises and promoted the upgrading of enterprise equipment through the cost increase effect, thereby improving regional air quality. Second, good air quality can increase non-monetary benefits for employees, so that corporate employees' monetary compensation can be kept at a low level. Third, in the aforementioned context, with the significant reduction in employee compensation, corporate performance has increased. This study expands the research on the impact of environmental regulation on corporate behavior and enriches the theoretical literature on employee compensation management. Furthermore, to alleviate the adverse effects of high employee compensation on corporate performance under severe air quality, it provides recommendations moving forward. In addition, this study provides empirical evidence for the development of the concept of "lucid waters and lush mountains are invaluable assets" from the perspective of labor cost.
本研究考察了2012年至2017年中国的部分企业，并将其与省级空气质量指数数据进行匹配，运用普通最小二乘法回归分析来检验环境规制、空气质量、员工薪酬和企业绩效之间的关系。研究发现，第一，环境规制通过成本增加效应淘汰了重污染企业，促进了企业设备升级，从而改善了区域空气质量。第二，良好的空气质量可以为员工增加非货币福利，使企业员工的货币薪酬保持在较低水平。第三，在上述背景下，随着员工薪酬大幅降低，企业绩效有所提高。本研究拓展了环境规制对企业行为影响的研究，丰富了员工薪酬管理的理论文献。此外，为缓解严峻空气质量下高员工薪酬对企业绩效的不利影响，本研究还提出了未来的建议。另外，本研究从劳动力成本角度为“绿水青山就是金山银山”理念的发展提供了实证依据。
