Cumulative Effect, Targeted Poverty Alleviation, and Firm Value: Evidence from China

نویسندگان

چکیده

This paper studies the influence of annual cumulative earnings Chinese listed TPA (targeted poverty alleviation) companies before 2004 on companies’ value using data from 2012 to 2019, measures long-term persistence these with variable averaged by market price each company at current year’s end, and obtains a model company’s combined competitive strength its products. The 2012, 2005 2013…, 2011 2019 provide used for regression 2019. is affected net profits advantage. higher accumulated profit, longer duration advantage, more stable increase, quality increase.

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ژورنال

عنوان ژورنال: Sustainability

سال: 2022

ISSN: ['2071-1050']

DOI: https://doi.org/10.3390/su14159226