Regional Peer Effect of Enterprises'Participation in National Strategies:Evidence from Targeted Poverty Alleviation
In the new stage of development,enterprises emerge as pivotal agents in realizing national strategies.Le-veraging data on Targeted Poverty Alleviation initiatives disclosed by listed companies spanning 2016 to 2019,this study employs spatial matrix methodologies to investigate the presence of regional peer effects in enterprise participation in poverty alleviation efforts.Our research unveils a significant influence of regional peer effects on enterprises'Targeted Poverty Alleviation expenditures,a conclusion robust across various sensitivity analyses.Heterogeneity analysis further reveals that regional leading enterprises and state-owned entities are particularly susceptible to these effects.Mechanism testing delineates social learning and regional poverty alleviation pressure as primary drivers shaping the regional peer ef-fect of Targeted Poverty Alleviation expenditures among state-owned enterprises.Conversely,for non-state-owned enter-prises,social learning and industrial competition emerge as key mechanisms.Furthermore,our findings indicate that en-terprise engagement in the regional peer effect of Targeted Poverty Alleviation translates into increased tax returns and enhanced accessibility to long-term loans,with these benefits more pronounced among regional leaders and state-owned enterprises.These research insights bear substantial implications for guiding enterprises in effectively participating in na-tional strategies,underscoring the importance of understanding and leveraging regional peer effects in fostering collab-orative efforts toward poverty alleviation and broader national objectives.
NETL
NSTL
万方数据
