Employment Protection Legislation And Investment

With the reformation of China's economic structure and the progress of market mechanism,China's labor relationship has basically formed a market-oriented labor relationship.In the influence factors of labor relationship,not only the regulation of the market,but also the decentralization of the government plays a vital role in it.For the purpose of perfecting the rights and interests of laborers,China has promulgated a series of laws and regulations such as Labor Contract Law in 2008.This paper uses the data of China' s listed firms from 2001 to 2015 as the research sample,and makes an empirical study on the relationship between the Level of labor protection and the investment of enterprises,and considers the Influence of the external financing of the enterprises,the efficiency Level and the degree of marketization to Dependency on the Relationship between them.This paper finds that:With the promulgation and implementation of the Labor Contract Law in 2008,the Level of labor protection has risen,leading to a decline in corporate investment.In addition,the degree of labor intensity and marketization will enhance the negative impact of labor protection level and enterprise investment,and the nature of state property rights will weaken the negative relationship between the two.This paper brings a train of thought of evaluating the impact of the implementation of Labor Contract Law in the economic field through the empirical research,which enriches the research area of labor protection related economic impact.At the same time,the evaluation of the Labor Contract Law promulgated by the implementation of the economic consequences of policy-related research has also brought some help,with a certain policy value.