IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v63y2024ics154461232400432x.html
   My bibliography  Save this article

Anti-trust law, financing advantage and common prosperity within firms

Author

Listed:
  • Yan, Shen
  • Mao, Chunxiao
  • Ma, Wanrong

Abstract

The Anti-trust Law, which embodies the principles of an "active government" and an "efficient market", plays a significant role in shaping the initial income distribution of enterprises and realizing common prosperity. Based on the Chinese A-share listed firms, this study reveals that enforcing the Anti-trust Law impacts labour income, labour income share, and the income disparity within firms with higher monopolistic power. The improvement is primarily due to the Anti-trust Law's influence on the composition of factors, resulting in a more equitable and competitive market environment for debt and equity, reducing the financing advantage enjoyed by highly monopolistic enterprises.

Suggested Citation

  • Yan, Shen & Mao, Chunxiao & Ma, Wanrong, 2024. "Anti-trust law, financing advantage and common prosperity within firms," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s154461232400432x
    DOI: 10.1016/j.frl.2024.105402
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S154461232400432X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105402?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nanak Kakwani & Xiaobing Wang & Ning Xue & Peng Zhan, 2022. "Growth and Common Prosperity in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(1), pages 28-57, January.
    2. Su, Yiyi & Song, Jialin & Lu, Ying & Fan, Di & Yang, Miles, 2023. "Economic poverty, common prosperity, and underdog entrepreneurship," Journal of Business Research, Elsevier, vol. 165(C).
    3. Guihua Wang & Quan Guo & Qiong Jiang & Butong Li, 2022. "A Study on the Relationship between Corporate Social Responsibility and Supply Chain Profit Distribution in the Context of Common Prosperity," Sustainability, MDPI, vol. 14(19), pages 1-18, September.
    4. Liu, Yang & Dong, Xiucheng & Dong, Kangyin, 2023. "Pathway to prosperity? The impact of low-carbon energy transition on China's common prosperity," Energy Economics, Elsevier, vol. 124(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Di Mao & Jiakeng Chen, 2025. "Does the university knowledge spillover promote common prosperity? Empirical evidence from China," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-11, December.
    2. Liu, Yang & Du, Junying & Wang, Kun, 2024. "Towards common prosperity: The role of mitigating energy inequality," Energy Policy, Elsevier, vol. 195(C).
    3. Li Meiyi & Gan Yufei, 2025. "More Philanthropy, More Consistency? Examining the Impact of Corporate Charitable Donations on ESG Rating Uncertainty," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 19(1), pages 1-21.
    4. Lyu, Jiayu & Li, Lu & Liu, Yuqi & Deng, Qian, 2025. "Promoting common prosperity: How do digital capability and financial literacy matter?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    5. Zhao, Mengxue & Chan, Hon S., 2024. "Balancing through agglomeration: A third path to sustainable development between common prosperity and carbon neutrality in China," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    6. Yang, Yuan & Wang, Baomin & Su, Xingyu, 2024. "Judicial quality and corporate ESG performance: Evidence from the establishment of circuit courts," Finance Research Letters, Elsevier, vol. 65(C).
    7. Guo, Dong & Li, Lin & Pang, Guoguang, 2024. "How does digital inclusive finance affect county's common prosperity: Theoretical and empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 340-358.
    8. Anson Au, 2023. "Reassessing the econometric measurement of inequality and poverty: toward a cost-of-living approach," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-10, December.
    9. Zhang, Boling & Wang, Qian & Wang, Sixia & Tong, Ruipeng, 2023. "Coal power demand and paths to peak carbon emissions in China: A provincial scenario analysis oriented by CO2-related health co-benefits," Energy, Elsevier, vol. 282(C).
    10. Zhou, Wei & Li, Xuelian & Lin, Jyh-Horng & Chang, Chuen-Ping & Cai, Yujie, 2024. "Aligning common prosperity with sustainable development goals 3 and 7 through sustainable insurance," Energy Economics, Elsevier, vol. 140(C).
    11. Jianlong Wang & Weilong Wang & Yong Liu, 2024. "RETRACTED ARTICLE: Exploring the impact of clean energy interconnections on sustainable economic growth in China," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-32, June.
    12. Li Chen & Yuanbo Zhang, 2023. "Does the Development of the Digital Economy Promote Common Prosperity?—Analysis Based on 284 Cities in China," Sustainability, MDPI, vol. 15(5), pages 1-16, March.
    13. Limin Wen & Shufang Sun, 2023. "Can China's new rural pension scheme alleviate the relative poverty of rural households? An empirical analysis based on the PSM‐DID method," Australian Economic Papers, Wiley Blackwell, vol. 62(3), pages 396-429, September.
    14. Qiuqin Zheng & Xiaoting Wen & Xintian Xiu & Qiuhua Chen, 2023. "Income Quality and Organic Food Purchase Intention: The Chain Mediating Role of Environmental Value, Perceived Consumer Effectiveness," SAGE Open, , vol. 13(4), pages 21582440231, December.
    15. Xiang-Fei Ma & Ru Zhang & Yi-Fan Ruan, 2022. "Evaluation of Common Prosperity Level and Regional Difference Based on the Background of Green Development," Sustainability, MDPI, vol. 14(23), pages 1-13, November.
    16. Yuan, Deyu & Du, Junying & Chang, Jiaming, 2024. "Does transport infrastructure development inhibit firm-level employment fluctuations? Evidence from national expressway construction in China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 610-627.
    17. Chen, Yiru & He, Mu & Xu, Yi, 2023. "Sustainable development of the mining sector for achieving common prosperity in Chinese rural areas," Resources Policy, Elsevier, vol. 87(PA).
    18. Arslan, Ahmad & Kamara, Samppa & Tian, Anna Yumiao & Rodgers, Peter & Kontkanen, Minnie, 2024. "Marketing agility in underdog entrepreneurship: A qualitative assessment in post-conflict Sub-Saharan African context," Journal of Business Research, Elsevier, vol. 173(C).
    19. Zhang, Jian & Wang, Dongqiang & Ji, Ming & Yu, Kuo & Qi, Mosha & Wang, Hui, 2024. "Digital literacy, relative poverty, and common prosperity for rural households," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    20. Sun, Yizhong & Zhou, Lanxuanjie & Wang, Deyong & Jin, Keyan & Wu, Qingyang & Wu, Ran, 2024. "How economic policy uncertainty affects common prosperity in China? The mediating role of green finance and the moderating role of low-carbon technology," Finance Research Letters, Elsevier, vol. 67(PA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:63:y:2024:i:c:s154461232400432x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.