The peer effects of corporate poverty alleviation behavior: Empirical evidence from China

• Published in: PloS one Vol. 19; no. 7; p. e0304252
• Main Authors: Fang, Kang, Zheng, Li, Zhai, Ningning
• Format: Journal Article
• Language: English
• Published: United States Public Library of Science 15-07-2024; Public Library of Science (PLoS)
• Subjects: Behavior; Biology and Life Sciences; Business models; China; Comparative analysis; Competition; Decision making; Donations; Ecology and Environmental Sciences; Economic analysis; Economic aspects; Effects; Empirical analysis; Evaluation; Free enterprise; Government business enterprises; Humans; Hypotheses; Impact analysis; Innovations; Legitimacy; Management; Peer Group; Peer pressure; Peers; Poverty; Private enterprise; Private Sector - economics; Property rights; Public enterprise; Social behavior; Social responsibility; Social Sciences; Sustainability; China
• ISSN: 1932-6203; 1932-6203
• DOI: 10.1371/journal.pone.0304252

This study explores the peer and economic effects of corporate poverty alleviation behavior. Using the data of A-share non-financial listed corporates in Shanghai and Shenzhen of China from 2016 to 2020, the empirical analysis of this study finds that: corporate poverty alleviation behavior has significant peer effects; the guidance of local poverty alleviation policies weakens the peer effects of corporate poverty alleviation behavior; compared to private enterprises, the poverty alleviation behavior of the peer firms has a more significant impact on state-owned enterprises; and corporate poverty alleviation behavior can result in the backflow of economic benefits and achieve the organic unity of economic and social benefits. The purpose of this paper is to explore the peer effects of corporate poverty alleviation behaviors through empirical analysis using available public data. The results of the study not only increase the motivation of corporate to participate in poverty alleviation from a peer effects perspective, but also reveal key factors for sustaining corporate poverty alleviation behaviors.