Ye, Yunlong; Chen, Song; Cao, Yuqiang; Wang, Hongjian - In: China journal of accounting studies 9 (2021) 4, pp. 490-525
This study examines the exogenous institutional impact of minimum wage policy on enterprise financialization in China. Empirical results show that an increased minimum wage significantly promotes the financialization of real enterprises. Moreover, the impact is more pronounced in enterprises...