金融化、股东价值导向与就业不稳定性——以中国A股上市公司为例

Financialization,Shareholder Value Orientation and Employment Precariousness:A Case Study of Chinese A-Share Listed Companies

本文在梳理金融化与公司治理过程中股东价值导向的基础上,讨论了金融化对劳动者就业不稳定性的影响及作用机制。研究发现,上市公司治理过程中,股东价值导向越强,公司发生裁员的风险越大;股东价值导向越强,公司对员工的投入越低。金融化、股东价值导向与就业不稳定性有着极大的关联。本文是对微观主体如何受金融化影响的一个中层研究,即将就业不稳定性问题放置到经济金融化的框架下,讨论就业不稳定性的制度机制。

The study finds that in the process of corporate governance,the stronger the shareholder value orientation,the greater the risk of layoffs and the lower the company’s investment in employees.Financialization and shareholder value orientation are important sources of employment precariousness.This article is a middle-level study on how micro-subjects are affected by financialization,placing the problem of employment precariousness under the framework of economic financialization,and discussing the institutional roots of the problem.