Corporate Business and“Blood-Making”Poverty Alleviation: Sustainable Poverty Reduction Effect and Corporate Strategic Effect

Abstract

Abstract: At present, under the guidance of the national poverty alleviation strategy, enterprises are actively carrying out the“blood-making”poverty alleviation according to their own business advantages, thus they have achieved the unification of economic benefit and social benefit. Taking the A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2016 to 2019 as samples, this paper explores the sustainable poverty reduction effect and the corporate strategic effect of enterprises'“blood-making”poverty alleviation behaviors. The findings show that the enterprises with better quality products and business invest more in their“blood-making”poverty alleviation. Further study finds out that enterprises with higher-quality products and businesses can significantly improve their poverty alleviation performance and their own financial performance by carrying out “blood-making”poverty alleviation, so as to achieve the double win of their corporate benefit and their social benefit.

Key words: “blood-making” poverty alleviation, business expertise, sustainable poverty reduction, corporate strategy

CLC Number:

F275.4

ZHANG Jing-xin, QIN Shuai, TAN Jin-song. Corporate Business and“Blood-Making”Poverty Alleviation: Sustainable Poverty Reduction Effect and Corporate Strategic Effect[J]. Contemporary Finance & Economics, 2022, 0(2): 138-148.

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