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How is merchant gang culture conducive to increasing enterprises’ common prosperity?

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Listed:
  • Yu, Shengsheng
  • Jin, Hang
  • Jin, Chunhua
  • Huang, Jian
  • Li, Jianliang
  • Wang, Bin

Abstract

The United Nations' Sustainable Development Goals aim to eradicate all forms of poverty worldwide. The Chinese government's primary focus is achieving prosperity within the fundamental units of wealth creation and distribution—enterprises. Based on A-share listed firms' data spanning 2011–2023, this study evaluates the economic consequences of merchant gang culture in terms of increasing overall wealth (intrafirm commonwealth) and optimizing its distribution. Findings indicate that merchant gang culture can enhance firms' profit-generating capacity and labor income share while diminishing internal pay disparity.

Suggested Citation

  • Yu, Shengsheng & Jin, Hang & Jin, Chunhua & Huang, Jian & Li, Jianliang & Wang, Bin, 2025. "How is merchant gang culture conducive to increasing enterprises’ common prosperity?," Finance Research Letters, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:finlet:v:76:y:2025:i:c:s1544612325002120
    DOI: 10.1016/j.frl.2025.106948
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    References listed on IDEAS

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    1. Zhang, Xiaoliang & Jiang, Jinjin & Liu, Zuxian & Chen, Lijun, 2025. "Cultural blueprint: Uncovering how merchant guild culture shapes corporate innovation," Finance Research Letters, Elsevier, vol. 85(PA).

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