制造业企业生产要素收入分配公平性与研发投入强度

Fairness of Production Factor Income Distribution and R&D Input Intensity in Manufacturing Enterprises

本文探讨了我国制造业生产要素收入分配公平性与研发投入的关系。从本文研究结果来看,制造业企业生产要素收入分配公平性数值与研发投入强度之间呈倒U型关系,且该倒U型关系拐点值位于资本偏向性分配状态,表明我国制造业企业目前的生产要素分配公平性与研发投入之间的关系仍待进一步优化,即目前我国制造业在提升研发强度的过程中有可能牺牲制造业内部的生产要素分配公平性。制造业企业面临的内、外部融资约束对上述倒U型关系具有显著调节作用,缓解企业内源性融资约束会使倒U型关系拐点值左移,而制造企业过于依赖外源性融资,则会使拐点值右移。本文研究表明,防止制造企业生产要素收入分配严重失衡,不仅有利于打造各类生产要素收入分配的公平正义格局,还能提升制造企业研发强度。此外,缓解制造企业内源性融资约束,有利于保证企业在不牺牲企业内部生产要素收入分配公平性的情况下进一步提升其研发投入强度,进而实现制造企业各类生产要素公平分配与企业自主创新能力提升的双赢局面。

This paper discusses the relationship between the fairness of productionfactor income distribution and R&D input in China’s manufacturing industry. The empirical results show that there is an inverted U-shaped relationship between the fairness value of product factor income distribution and R&D input intensity of manufacturing enterprises, and the inflection point value of the inverted U-shaped relationship lies in the state of capital biased distribution, which is to say, the relationship between the fairness of production factor distribution and R&D input in China’s manufacturing industry needs to be further optimized, that is to say, the fairness of production factor distribution in China’s manufacturing industry may be sacrificed in the process of enhancing R&D intensity.In addition, the internal and external financing constraints faced by manufacturing enterprises have a significant regulatory effect on the above inverted U-shaped relationship. Easing the internal financing constraints of enterprises will make the turning point value of inverted U-shaped shift to the left, while manufacturing enterprises rely too much on external financing will make the turning point value shift to the right.This study shows that to prevent the serious imbalance of production factor income distribution in manufacturing enterprises is not only conducive to building a fair and justice pattern of income distribution, but also conducive to improving the R&D intensity of manufacturing enterprises.In addition, easing the internal financing constraints of manufacturing enterprises, helps to ensure that enterprises can further improve their R&D intensity without sacrificing the fairness of production factor income distribution, So as to improve its independent innovation ability.