摘要
社会资本参与精准扶贫是打赢脱贫攻坚战的重要武器,在此过程中如何协调公益支出的无偿性与社会资本的逐利性值得深入探讨。在越来越多企业积极参与精准扶贫的背景下,本文基于供应链关系的情景,以2015―2019年A股上市公司数据为样本,实证研究企业参与精准扶贫对供应链关系中竞争优势的影响。研究发现,企业参与精准扶贫将会降低供应链集中度和供应链依赖度,同时降低商业信用资产、改善经营活动现金流,最终提升行业竞争优势;企业参与精准扶贫既有助于提升社会福利,也有助于自身在供应链关系中获得竞争优势,实现公平与效率的一致性。本文丰富了企业精准扶贫社会责任的经济后果研究,对政府优化精准扶贫政策走向和巩固脱贫攻坚战胜利果实、对企业在履行社会责任的同时提升竞争优势具有一定的借鉴作用。
The participation of social capital in targeted poverty alleviation is an important tool to win the battle against poverty.In this process,how to coordinate the nonprofit nature of public welfare expenditure and the profit-seeking nature of social capital is worthy of in-depth discussion.With more and more companies participating in targeted poverty alleviation in recent years,it is meaningful to explore the supply chain relationship.This paper uses the data of A-share listed companies from 2015 to 2019,and empirically studies the impact of companies’participation in targeted poverty alleviation on the competitive advantage in supply chain relationship.It is found that companies’participation in targeted poverty alleviation will reduce supply chain concentration,supply chain dependence and the trade credit assets,and improve the operating cash flow,which will ultimately improve the company’s competitive advantage.The results show that companies’participation in targeted poverty alleviation not only helps to improve social welfare,but also helps them to gain competitive advantages in the supply chain relationship and achieve a balance of fairness and efficiency.These conclusions enrich the research on the economic consequences of corporate social responsibility for poverty alleviation.In the future,it can be used as a reference for the government to optimize the trend of poverty alleviation policies,consolidate the victory of poverty alleviation,and guide the social capital to enhance its competitive advantage while fulfilling its social responsibility.
作者
关静怡
刘娥平
秦浩原
Guan Jingyi;Liu Eping;Qin Haoyuan
出处
《证券市场导报》
CSSCI
北大核心
2021年第6期57-69,共13页
Securities Market Herald
基金
国家自然科学基金青年项目“时空视角下的对赌协议与企业并购:绩效、风险及影响机制”(72002040)
国家自然科学基金面上项目“定增并购中的价格偏离及其经济后果研究--基于股票错误定价与对赌协议的视角”(71672202)
广东省自然科学基金面上项目“时空视角下的对赌协议与并购绩效风险:经济后果、机制分析及应对措施”(2021A1515012267)
“可转债并购中的价格偏离及其经济后果研究--基于双重不对称信息与大股东参与的视角”(2021A1515011986)
关键词
精准扶贫
供应链集中度
供应链依赖度
商业信用
竞争优势
targeted poverty alleviation
supply chain concentration
supply chain dependence
trade credit
competitive advantage
