企业参与精准扶贫能促进企业创新吗?  

Can the Participation in Targeted Poverty Alleviation Enhance the Corporate Innovation?

作　　者：易志高[1] 柏淑嫄 孔悦欣 Yi Zhigao;Bai Shuyuan;Kong Yuexin

机构地区：[1]南京师范大学商学院

出　　处：《财政研究》2021年第10期103-113,共11页Public Finance Research

基　　金：国家自然科学基金项目“媒体披露、管理层策略选择与市场反应”(项目编号:71472091);国家自然科学基金项目“财务柔性、管理者战略选择与企业可持续成长”(项目编号:71372031)。

摘　　要：本文以2013—2019年中国A股上市公司为样本,研究企业参与精准扶贫对企业创新的影响。研究发现,企业参与精准扶贫能显著提高企业创新绩效。通过机制检验发现,企业参与精准扶贫能通过财政补贴、税收优惠、银行贷款、股权融资四种渠道来缓解企业融资约束,进而促进企业创新。进一步就企业扶贫方式对企业创新绩效的影响研究发现,企业产业扶贫对企业创新绩效的促进作用最强,教育扶贫次之。本研究能够为企业在后扶贫时代制定扶贫策略和创新发展战略提供参考依据。Our research takes China’s A-share listed companies from 2013 to 2019 as the sample,with the timevarying differences-in-differences methods,testing the effect of the participation in targeted poverty alleviation playing on the corporate innovation.The results show that participation in targeted poverty alleviation significantly improves the corporate innovation.Moreover,the corporate participation in targeted poverty alleviation boosts the corporate innovation via easing the firm financing constrains in the four aspects including government subsidies,tax incentives,bank loans,equity financing.The government subsidies can make the strongest improvements.Comparing the six main poverty alleviation methods,we find that the the corporate participation in targeted poverty alleviation for developing industries is the best approach for firms to choose.We hope the research can provide enterprises new ideas to make strategies on targeted poverty alleviation and the corporate innovation in the post targeted poverty alleviation era.

关 键 词：精准扶贫 企业创新 扶贫方式 融资约束 

分 类 号：F273.1[经济管理—企业管理]