Market integration and corporate participation in rural revitalization empirical evidence from Chinese listed companies

Abstract

Based on the financial data of A-share listed companies in China from 2016 to 2020, this study examines the impact of market integration on corporate participation in rural revitalization and its mechanisms. The findings indicate that market integration significantly enhances corporate enthusiasm for participating in rural revitalization. The mechanism tests show that market integration primarily promotes corporate participation in rural revitalization by facilitating labor mobility and alleviating financing constraints for enterprises. Heterogeneity analysis reveals that the effects are more pronounced among enterprises in the eastern region, state-owned enterprises, and those registered in non-poverty areas. Thus, further advancement of market integration is advocated to promote corporate participation in rural revitalization through enhancing labor mobility and easing financing constraints.