Finance & Economics of Xinjiang >
Can Targeted Poverty Alleviation Prevent Systematic Risks? —Empirical Evidence from China's A-Share Market
Received date: 2021-10-12
Online published: 2022-04-29
Taking A-share listed companies participating in targeted poverty alleviation as the object, this paper studies the risk prevention effect of poverty alleviation participation. Using China's A-share listed companies participating in poverty alleviation from 2016 to 2019 as the research samples, this paper finds that： (1) the stronger the enterprise's targeted poverty alleviation efforts were made, the lower the systematic risk the enterprise will take, that is, the targeted poverty alleviation plays a significant role in preventing systematic risks; (2) the prevention effect of targeted poverty alleviation on systematic risks is more obvious in non-state-owned enterprises and enterprises with high environmental uncertainty; (3) different targeted poverty alleviation methods have different prevention effects on enterprise system risks — compared with education poverty alleviation, targeted industrial poverty alleviation has a more significant prevention effect on systemic risks. Through researching on targeted poverty alleviation, which is a social responsibility fulfillment behavior with Chinese characteristics, The research results of this paper provide new empirical evidence for promoting the scientific participation of enterprises in the cause of national poverty alleviation and effectively preventing systematic risks.
CHEN Weiqing , TANG Yafei . Can Targeted Poverty Alleviation Prevent Systematic Risks? —Empirical Evidence from China's A-Share Market[J]. Finance & Economics of Xinjiang, 2022 , 0(2) : 59 -69 . DOI: 10.16716/j.cnki.65-1030/f.2022.02.006
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