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The Impact of Poverty Alleviation Policy on the Financing Capability of Companies Related to Agriculture

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Part of the Advances in Intelligent Systems and Computing book series (AISC,volume 1190)

Abstract

Poverty alleviation policies aim to mobilize all forces including the power of capital market to achieve poverty reduction. While the relationships between these policies and agriculture-related listed companies are not recognized. By grading poverty alleviation policies of 20 provinces and using generalized least-squares regression of panel data, this paper discusses the influence of policy intensity on equity, debt and endogenous financing ability of agriculture-related listed companies. The results show that agriculture-related listed companies in regions with strong policy intensity have stronger equity financing capability and endogenous financing capability. The implication is that the governments of poverty-stricken areas should set out more specific policy, helping local enterprises to improve financing capacity, and then promote these listed companies to benefit from the power of capital market to shake off poverty.

Keywords

  • Poverty alleviation policies
  • Agricultural listed companies
  • Financing ability

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Fig. 1.

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Acknowledgements

Many thanks to Professor H. Liu and Doctor Q. Jiang for the advice and support. In the development of this paper, they helped a lot in the structure and the fluency of the text. Thanks also to my classmates who listened to my ideas with much patience. Special thanks to my teachers in our department who taught me a lot about this major.

Funding

We thanks for the following funding: Central University basic scientific research funding project of Sichuan University (SCU-BS-PY-202015; 2019skzx-pt165; skqy201622; skzx2015-sb68; skyb201402); Sichuan Provincial Department of education project (xyzx1506); Humanities and Social Sciences Program of the Ministry of Education(14YJC790053).

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Correspondence to Luoyi Jia .

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Jiang, Q., Jia, L., Liang, S. (2020). The Impact of Poverty Alleviation Policy on the Financing Capability of Companies Related to Agriculture. In: Xu, J., Duca, G., Ahmed, S., García Márquez, F., Hajiyev, A. (eds) Proceedings of the Fourteenth International Conference on Management Science and Engineering Management. ICMSEM 2020. Advances in Intelligent Systems and Computing, vol 1190. Springer, Cham. https://doi.org/10.1007/978-3-030-49829-0_11

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