定点扶贫与企业财务绩效：企业社会责任战略视角

IF 2 4区管理学 Q3 BUSINESS Australian Journal of Management Pub Date : 2023-12-18 DOI:10.1177/03128962231214798

Chang He, Junzhi Zhang, Liukai Wang, Weiqing Wang, Fei Li

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引用次数: 0

摘要

定点扶贫（TPA）作为中国企业履行社会责任的一种新兴方式，有助于中国政府实现可持续发展目标。虽然定点扶贫对贫困地区的影响已被深入探讨，但企业参与定点扶贫对自身的影响及其机制尚不明确。我们采用因果阶梯法模型分析了 2016 年至 2021 年参与 TPA 的上市公司的绩效，结果表明企业参与 TPA 对企业融资绩效（CFP）有显著的正向影响，融资约束和媒体关注的中介效应得到了验证。我们的研究结果有助于从 TPA 新战略的角度推动企业社会责任（CSR）实践。JEL 分类：G18、M14、M41

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Targeted poverty alleviation and corporate financial performance: The CSR strategy perspective

As an emerging way for firms to fulfil social responsibility in China, targeted poverty alleviation (TPA) helps the Chinese government to achieve its sustainable development goals. Although the effect of TPA on poor areas has been deeply explored, the influence of firms’ participation in TPA on themselves and its mechanism is unclear. We analyse the performance of listed firms which engaged in TPA from 2016 to 2021 by adopting a causal steps approach model, which indicate that firm engagement in TPA has a significant positive effect on corporate finance performance (CFP), and the mediating effect of financing constraints and media attention is verified. Our findings contribute to corporate social responsibility (CSR) practices from the new strategy perspective of TPA. JEL Classification: G18, M14, M41

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来源期刊

Australian Journal of Management Multiple-

CiteScore

10.60

自引率

4.20%

发文量

期刊介绍： The objectives of the Australian Journal of Management are to encourage and publish research in the field of management. The terms management and research are both broadly defined. The former includes the management of firms, groups, industries, regulatory bodies, government, and other institutions. The latter encompasses both discipline- and problem-based research. Consistent with the policy, the Australian Journal of Management publishes research in accounting, applied economics, finance, industrial relations, political science, psychology, statistics, and other disciplines, provided the application is to management, as well as research in areas such as marketing, corporate strategy, operations management, organisation development, decision analysis, and other problem-focuses paradigms.