How does medical insurance contribution affect corporate value? Evidence from China
Xuchao Li,
Jiankun Lu,
Jian Wang
et al.
Abstract:Using medical insurance (MI) to shift employees' health risks outside is an important risk management tool for modern firms. Existing studies usually treat firms' contributions to employees' MI only as a labor cost. However, contributing to MI also has indirect benefits, such as improved labor productivity and R&D innovation, which consequently increase corporate value. This paper studies the impact of firms' MI contributions for employees on corporate value, using social insurance collection system reform… Show more
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