Abstract With the rapid development of global financialization, the trend of financialization of Chinese enterprises is also strengthening, and has a significant impact on the income distribution of employees in enterprises that can not be ignored. Based on the panel data of China's A-share non-financial listed companies from 2012 to 2019, this paper empirically analyzes the impact of corporate financialization on the structure of enterprise income distribution. The study shows that enterprise financialization aggravates the income gap between different income groups within the enterprise. When the financialization level increases by one percentage point, the employee income gap will increase by 0.94 to 1.78 percentage points, and the effect has obvious heterogeneity. Among them, the financial level of the eastern, central and large-scale enterprises has a more obvious effect on the widening of the income gap. Further mechanism testing indicates that enterprise financialization affects income distribution mainly through the management compensation payment channel. This paper argues that restraining the financial development of non-financial enterprises will not only help to solve the problem from reality to deficiency, but also help to control theexpansion of income distribution gap and promote the fair distribution of income.
2022, Vol. 39 
