上市公司精准扶贫对企业价值的影响研究  

Impact of Targeted Poverty Reduction on Enterprise Value

作　　者：王竞达[1] 马里斌 刘祎男 Wang Jingda;Ma Libin;Liu Yi'nan(Capital University of Economics and Business,Beijing 100070)

机构地区：[1]首都经济贸易大学财政税务学院,北京100070

出　　处：《中国资产评估》2022年第12期15-24,共10页Appraisal Journal of China

摘　　要：本文利用中国上市公司2016—2020年数据,基于利益相关者理论,实证检验企业精准扶贫投入对企业价值的影响。研究表明,精准扶贫投入提高能够显著提高企业价值,当扶贫企业为高污染企业、员工福利水平较低、扶贫企业创新投入较低时,精准扶贫投入对企业价值的影响更大。本文丰富了精准扶贫和企业价值评估等领域的研究,对资产评估机构的执业行为和监管具有一定的现实启示作用。This paper uses the data of Chinese listed companies from 2016 to 2020. Based on the stakeholder theory, we can empirically test the impact of enterprise targeted poverty alleviation investment on the value of enterprises. Research has shown that the increase of targeted poverty alleviation investment can significantly improve the value of enterprises. When the poverty alleviation enterprises are highly polluting enterprises, the employee welfare level is low, and the innovation investment of poverty alleviation enterprises is low, the targeted poverty alleviation investment has a greater impact on the enterprise value. This paper enriches the research in the fields of targeted poverty alleviation and enterprise value appraisal, and has a certain practical enlightenment effect on the practice behavior and supervision of asset appraisal institutions.

关 键 词：精准扶贫 企业价值 价值评估 异质性 

分 类 号：F272.3[经济管理—企业管理] F323.89[经济管理—国民经济]