目录
目录
摘要............................................................................................................................I
Abstract..........................................................................................................................II
第1章绪论..................................................................................................................1
1.1研究背景..........................................................................................................1
1.2研究意义..........................................................................................................3
1.2.1理论意义................................................................................................3
1.2.2实践意义................................................................................................3
1.3研究内容与框架..............................................................................................4
1.3.1研究内容................................................................................................4
1.3.2研究框架................................................................................................4
1.4研究方法与创新之处......................................................................................6
1.4.1研究方法................................................................................................6
1.4.2创新之处................................................................................................7
第2章概念界定、文献综述与理论基础..................................................................8
2.1概念界定..........................................................................................................8
2.1.1企业精准扶贫的概念............................................................................8
2.1.2企业创新绩效的概念............................................................................9
2.1.3企业融资约束的概念............................................................................9
2.2文献综述........................................................................................................10
2.2.1企业社会责任对创新绩效的影响......................................................10
2.2.2企业社会责任对融资约束的影响......................................................10
2.2.3企业精准扶贫参与动机、影响因素和经济后果..............................11
2.2.4文献述评..............................................................................................12
2.3理论基础........................................................................................................12
2.3.1利益相关者理论..................................................................................12
2.3.2资源依赖理论......................................................................................13
2.3.3企业声誉理论......................................................................................14
2.3.4信息不对称理论..................................................................................15
第3章企业精准扶贫对创新绩效的影响................................................................16
3.1企业精准扶贫通过降低融资约束来提高创新绩效....................................16
3.2企业精准扶贫降低融资约束的五种渠道....................................................16
3.3企业扶贫方式对创新绩效的影响分析........................................................18
3.4产权性质、地理区域、地区数字金融发展水平的异质性分析................19
3.4.1产权性质的异质性分析......................................................................19
3.4.2地理区域的异质性分析......................................................................19
3.4.3地区数字金融发展水平的异质性分析..............................................20
第4章研究设计........................................................................................................22
4.1样本选择与数据来源....................................................................................22
4.2变量设计........................................................................................................22
4.3实证模型构建................................................................................................24
第5章实证分析........................................................................................................25
目录
5.1描述性统计....................................................................................................25
5.1.1主要变量描述性统计..........................................................................25
5.1.2相关性分析..........................................................................................25
5.2实证结果分析................................................................................................27
5.2.1企业精准扶贫对创新绩效的影响检验..............................................27
5.2.2企业精准扶贫提升创新绩效的中介机制检验..................................28
5.2.3企业扶贫方式对创新绩效的影响检验..............................................28
5.2.4产权性质、地理区域、地区数字金融发展水平的异质性检验......31
5.3内生性检验....................................................................................................35
5.4稳健性检验....................................................................................................36
5.4.1替换被解释变量..................................................................................36
5.4.2基于倾向匹配法的多期双重差分模型..............................................36
5.4.3平行趋势检验......................................................................................38
5.4.4安慰剂检验..........................................................................................39
第6章研究结论与展望............................................................................................41
6.1研究结论........................................................................................................41
6.2研究展望........................................................................................................42
参考文献......................................................................................................................44
在读期间发表的学术论文及研究成果......................................................................50
致谢..........................................................................................................................51
摘要“十四五”规划和2035年远景目标纲要提出，要巩固和拓展我国脱贫攻坚
伟大成果同乡村振兴发展战略有效衔接。总书记强调，脱贫攻坚是实现全面建成
小康社会的重要保障，也是促进社会生产力充分发展的重要战略。而科技创新是
支撑我国社会生产力进一步发展的重要力量，居于我国现代化建设全局中的核心
地位。企业作为我国脱贫攻坚战略和创新驱动发展战略的重要推进主体，探究企
业精准扶贫和企业创新的关系，具有一定的理论分析和实践指导意义。
本文研究样本为2013—2019年我国A 股上市公司，采用多期双重差分法模
型，对企业精准扶贫与企业创新绩效的进行研究。研究发现：第一，企业参与精
准扶贫能显著提高企业创新绩效；第二，企业精准扶贫能通过获得财政补贴、税
收优惠、银行信贷和股权融资来缓解企业融资约束，进而提高企业创新绩效。第
三，本文比较了六种精准扶贫方式（产业扶贫、教育扶贫、生态保护扶贫、转移
就业扶贫、兜底保障扶贫和社会扶贫）对企业创新绩效的影响，发现产业扶贫对
企业创新绩效的促进作用最强，教育扶贫次之。第四，进一步研究发现，相较于
国有企业，非国有企业精准扶贫对企业创新绩效的促进效果更强；相较于中部和
西部上市公司，东部企业参与精准扶贫对企业创新绩效的促进作用更显著；相较
于地区数字金融发展水平较高的企业，地区数字金融发展水平较低的企业参与精
准扶贫对企业创新绩效的影响更显著。
研究贡献主要有：第一，文章丰富了企业精准扶贫与企业创新绩效的研究范
畴。本文将企业创新绩效引入企业精准扶贫经济后果的相关研究，也从侧面佐证
了企业参与精准扶贫可能出于提高企业创新绩效的自利性动机。本文丰富了企业
创新绩效影响因素的相关研究，为后续研究提供了全新的分析视角。第二，文章
深入探索了企业参与精准扶贫和企业创新绩效的内在逻辑，结合中国企业精准扶
贫实践，全面地总结出企业参与精准扶贫通过财政补贴、税收优惠、银行信贷、
股权融资四种融资渠道来缓解企业融资约束，进而促进企业创新绩效。第三，文
章实证检验了六种企业精准扶贫参与方式对企业创新绩效的影响，不仅直观地量
化分析各精准扶贫方式对企业创新绩效的影响效应，也清晰地对比总结出企业产
业扶贫是最佳的企业精准扶贫参与方式。这不仅为企业在后扶贫时代制定合适的
扶贫策略和创新发展战略提供了参考依据，也能为相关部门思考如何有效激励企
业积极参与乡村振兴战略提供了全新思路。第四，文章丰富了企业精准扶贫异质
性研究，将地区数字金融发展水平纳入到企业精准扶贫的相关研究中。
关键词：精准扶贫；企业创新；融资约束；扶贫方式
I
Abstract
Abstract
The “14th five-year plan”and the long-range objectives through the year of 2035
stress that it is the high time to promote rural revitalization strategy with the
achievements of the targeted poverty alleviation.Can Chinese enterprises,the crucial
participants of boosting the rural revitalization strategy and the targeted poverty
Alleviation,do well have well?Our research takes China’s A-share listed companies
from 2013to 2019as the sample,with the time-varying diference-in-differences
based propensity score matching methods,to test the effect of the participation in the
targeted poverty Alleviation on the corporate innovation.The results show that
participation in the targeted poverty alleviation significantly improves the corporate
innovation.Moreover,the targeted poverty alleviation boost the corporate innovation
via easing the firm financing constrains in the four aspects of government subsidies,
tax incentives,bank loans,equity financing,the government subsidies making the
strongest improvementsparing the six main means of the targeted poverty
alleviation conducted by firms,including the targeted poverty alleviation for
developing industries,education,ecological production,finding jobs elsewhere,
guaranteeing basic living standard,social development,we find that the industrial the
targeted poverty alleviation is the best approach for firms to choose.Further studies
confirm that the positive influence of taking participation in the targeted poverty
alleviation is more significant in the non-state-owned enterprises,compared with the
state-owned enterprises.Besides,the enhancements on the corporate innovation are
sound in those firms in the eastern region.
The novel contributions of this paper are as follows.First,the conclusions in this
paper has enriched the study on the economic impacts of the targeted poverty
alleviation and the influencing factors of enterprise innovation.In another words,this
paper testifies that the corporate targeted poverty alleviation can promote the
corporate innovation through easing the firm financing constrains in the four aspects,
namely government subsidies,tax incentives,bank loans,equity financing.Those
findings not only supported that the corporate targeted poverty alleviation practice
could be driven by the enterprise self-interest motivation,but also introduced the
study perspective of the corporate innovation into the study frame of the enterprise
targeted poverty alleviation.In addition,based on the research perspective of
corporate targeted poverty alleviation,this paper has broaden the previous research
fields of the enterprise innovation as well.Second,the paper has profoundly analyzed
II