最低工资上调如何影响会计稳健性?

How does the minimum wage rise affect the accounting conservatism?

最低工资制度是政府管制劳动力市场、保护劳动者权益的重要手段,会对经济活动产生广泛而深远的影响。利用2008—2020年沪深A股上市公司和各城市最低工资数据,从会计稳健性视角考察最低工资上调对企业会计信息披露的影响。研究发现:最低工资上调显著提高了企业的会计稳健性,且该结论在经过一系列稳健性测试后仍然成立。作用机制检验结果表明,最低工资上调主要通过优化人力资源质量和降低企业风险承担水平促进了会计稳健性的提升。异质性分析显示,当企业劳动密集特征较强、平均工资较低、所处地区劳动力市场竞争激烈以及财务状况不佳时,最低工资上调对会计稳健性的提升作用更加显著。经济后果检验表明,在最低工资上调的环境下,企业可通过提高会计稳健性获得更多的银行贷款。

The minimum wage is an important mechanism for the government to regulate the labor market and protect the rights and interests of workers,and it will have wide-ranging and far-reaching effects on economic activities.This paper examines the effects of minimum wage increases on accounting conservatism,using data from A-share listed companies and minimum wage data for various cities from the year 2008 to 2020.The research finds that minimum wage increases significantly enhance accounting conservatism,and this conclusion exhibits a high degree of robustness.The results of the mechanism test show that minimum wage increases mainly promote the improvement of accounting conservatism by optimizing human resource quality and reducing corporate risk-taking.Heterogeneity analysis indicates that minimum wage increases have a more significant impact on the enhancement of accounting conservatism when companies have stronger labor-intensive characteristics,lower average wages,more intense competition in the local labor market,and poorer financial conditions.Economic consequence tests show that during periods of minimum wage increasing,firms can obtain more bank loans by enhancing accounting conservatism.