精准扶贫、政策惠企与企业价值

Precision Poverty Alleviation, Policy Benefits to Enterprises and Enterprise Value

已有研究对于企业的善举能否实现经济效益和社会责任兼顾的双赢局面并未达成一致。为此,本文借助我国企业参与精准扶贫这一政策背景,考察其对企业价值的影响以及政府采购和表彰在其中起到的作用。研究发现,企业参与精准扶贫具有增值效应,主要通过提升企业社会责任绩效和改善公司治理实现价值增值。同时政府采购扶贫订单对扶贫企业稳定经营业绩起到了积极作用,政府扶贫表彰有助于企业获取良好的社会声誉。进一步研究表明,精准扶贫的增值效应主要集中在市场竞争较低的行业以及相对贫困的扶贫地区。本文从企业行为和政策惠企的互补视角,拓展了精准扶贫的经济效果研究,并为如何动员企业守住脱贫攻坚成果、促进全体人民共同富裕提供了新的经验参考。

Previous studies have not reached an agreement on whether the enterprise’s charity can achieve a win-win situation with both economic benefits and social responsibilities. Therefore, with the help of the policy background of precision poverty alleviation for enterprises in China, this paper investigates the influence of precision poverty alleviation for enterprises on enterprise value and the role played by government procurement and recognition. It is found that enterprises’ participation in precision poverty alleviation has a value-added effect, which is mainly realized by improving corporate social responsibility performance and corporate governance. At the same time, the government procurement of poverty alleviation orders has played a positive role in stabilizing the business performance of poverty alleviation enterprises, and the government’s recognition of poverty alleviation has promoted enterprises to obtain good social reputation. Further, it is found that the value-added effects of precision poverty alleviation are mainly concentrated in industries with low market competition and poverty-stricken areas. This paper expands the research on the economic consequences of precision poverty alleviation from the complementary perspective of corporate behavior and policies benefiting enterprises, and provides a new experience reference for how to mobilize enterprises to keep the achievements of poverty alleviation and promote the common prosperity of all people.