| 产权性质、企业精准扶贫行为与资本市场反应 |
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| 引用本文： | 易玄,吴蓉,谢志明.产权性质、企业精准扶贫行为与资本市场反应[J].贵州财经学院学报,2020,38(2):98-104. |
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| 作者姓名： | 易玄 吴蓉 谢志明 |
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| 作者单位： | 1. 中南大学 商学院, 湖南 长沙 410083;2. 长沙理工大学 经管学院, 湖南 长沙 410083 |
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| 基金项目： | 国家社会科学基金一般项目"可再生能源全额收购的价格机制及配套政策研究"（14BJY143）；浙江省自然基金面上项目"网络关系、网络结构对企业间知识转移效果的作用机制研究"（LY13G200010）。 |
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| 摘 要： | 以2015~2018年A股上市公司为研究对象，考察企业精准扶贫行为动因与方式选择及所引起的市场反应。结果发现：国有企业和政治关联民营企业精准扶贫更积极，但两者精准扶贫方式存在差异，国有企业更倾向整合型精准扶贫，政治关联民营企业则倾向慈善型精准扶贫。进一步，企业参与精准扶贫产生了积极市场反应；相较国有企业，民营企业精准扶贫产生的市场反应更积极，尤其体现在政治关联民营企业中。同时，扶贫方式及扶贫持续性对精准扶贫信息披露的市场反应有影响。
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| 关 键 词： | 精准扶贫 市场反应 产权性质 政治关联 |
| 收稿时间： | 2019-11-21 |
Property Right,Targeted Poverty Alleviation Behavior And Capital Market Reaction |
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| YI Xuan,WU Rong,XIE Zhi-ming.Property Right,Targeted Poverty Alleviation Behavior And Capital Market Reaction[J].Journal of Guizhou College of Finance and Economics,2020,38(2):98-104. |
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| Authors: | YI Xuan WU Rong XIE Zhi-ming |
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| Institution: | 1. Business School of Central South University, Changsha, Hunan 410083, China;2. Changsha University of Science & Technology, Changsha, Hunan 410083, China |
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| Abstract: | Based on the AShare listed companies from 2015 to 2018. The results show that:SOEs and non-SOEs with political connections are more active in targeted poverty alleviation. SOEs are more likely to choose integrated poverty alleviation, while non-SOEs with political connections are more likely to choose charity poverty alleviation. Further, Enterprises' targeted poverty alleviation information disclosure brings positive market response; non-SOEs have more positive market response to it compared with SOEs,especially in non-SOEs with political connections. And poverty alleviation methods and continuity of poverty alleviation have impacts on the market response of targeted poverty alleviation information. |
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| Keywords: | targeted poverty alleviation market reaction property rights political connection |
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