The Impact of Corporate Participation in Poverty Alleviation under the Background of Rural Revitalization on Financial Performance — Oak Academic Publishing
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The Impact of Corporate Participation in Poverty Alleviation under the Background of Rural Revitalization on Financial Performance
School of Economics and Management, Shaanxi University of Science and Technology, Xi’an, China
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School of Economics and Management, Shaanxi University of Science and Technology, Xi’an, China
1 School of Economics and Management, Shaanxi University of Science and Technology, Xi’an, China
2 School of Economics and Management, Shaanxi University of Science and Technology, Xi’an, China
Corporations, as pivotal agents in rural economic development, wield significant influence in the advancement of rural revitalization. Their engagement in this process not only holds the potential to stimulate the growth of distinctive agricultural industries within the region and solidify the accomplishments in poverty alleviation, but also paves new avenues for the fulfillment of their social responsibilities, thereby enhancing their capacity to generate profits. Based on a sample of Chinese A-share listed companies from 2018 to 2021, an Ordinary Least Squares (OLS) model was employed to empirically examine the impact and mechanisms of corporate participation in rural revitalization on their financial performance. The research findings indicate that engaging in rural revitalization effectively enhances the financial performance of companies. The mediating role of financial constraints was identified in this relationship. Further investigations reveal that the positive impact of corporate engagement in rural revitalization on financial performance is particularly pronounced among non-state-owned enterprises and within the central and eastern regions of the country.
KeywordsCorporate Participation in Rural RevitalizationFinancial PerformanceFinancing ConstraintsPropensity Score Matching
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