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Targeted poverty alleviation and corporate financial performance: The CSR strategy perspective

Author

Listed:
  • Chang He
  • Junzhi Zhang

    (China University of Mining and Technology-Beijing, China)

  • Liukai Wang
  • Weiqing Wang

    (University of Science and Technology Beijing, China)

  • Fei Li

    (Beijing Technology and Business University, China)

Abstract

As an emerging way for firms to fulfil social responsibility in China, targeted poverty alleviation (TPA) helps the Chinese government to achieve its sustainable development goals. Although the effect of TPA on poor areas has been deeply explored, the influence of firms’ participation in TPA on themselves and its mechanism is unclear. We analyse the performance of listed firms which engaged in TPA from 2016 to 2021 by adopting a causal steps approach model, which indicate that firm engagement in TPA has a significant positive effect on corporate finance performance (CFP), and the mediating effect of financing constraints and media attention is verified. Our findings contribute to corporate social responsibility (CSR) practices from the new strategy perspective of TPA. JEL Classification: G18, M14, M41

Suggested Citation

  • Chang He & Junzhi Zhang & Liukai Wang & Weiqing Wang & Fei Li, 2025. "Targeted poverty alleviation and corporate financial performance: The CSR strategy perspective," Australian Journal of Management, Australian School of Business, vol. 50(2), pages 631-653, May.
    • Handle: RePEc:sae:ausman:v:50:y:2025:i:2:p:631-653
    DOI: 10.1177/03128962231214798
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    More about this item

    Keywords

    Corporate financial performance; corporate social responsibility; financing constraints; media attention; targeted poverty alleviation;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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