地方官员更替与企业精准扶贫行为

Local officials'replacement and the corporate behavior of targeted poverty alleviation

以2016—2018年我国A股上市公司为研究样本,探讨地方官员更替对企业精准扶贫责任的影响及作用机制。研究发现:地方官员更替对企业精准扶贫意愿及投入具有显著负面影响,企业产权性质及地区市场化程度对上述影响存在显著的调节作用。具体而言,国有企业及地区市场化程度较高的企业受到地方官员更替的负面影响更大。上述结论在替换地方官员更替指标、使用倾向值得分匹配(PSM)控制内生性问题和剔除直辖市影响后依然成立。此外,进一步发现注册地属于非贫困地区的企业精准扶贫行为受到地方官员更替影响更显著。

Taking the listed companies in A-share market between 2016 and 2018 as research samples,this paper explores the influence of local officials'replacement on the corporate responsibility of targeted poverty alleviation and further explores the mechanism.The empirical research finds that the relationship between local officials'replacement and the targeted poverty alleviation of listed companies is significantly negative.Property right and degree of marketization have regulatory function on the above effects.These results remain valid when adopting alternative measures of local officials'replacement,using PSM to solve endogenous problem,and neglecting the influence of municipality.In addition,we find that the effect of local officials'replacement on the corporate responsibility of targeted poverty alleviation is more serious in the listed companies registered in non-poor areas.