Chairman's Communist Party of China member status and targeted poverty alleviation: Evidence from China.

Abstract

Based on the data of Chinese listed private companies from 2016 to 2020, this paper investigates the influence of the Chairman's member status of Communist Party of China (CPC) on targeted poverty alleviation. The research results demonstrate that the Chairman's CPC member status of private companies significantly increases the companies' willingness and the amounts of investment in poverty alleviation. The construction of the CPC organization can strengthen the role of the chairman's Communist Party of China member status in promoting targeted poverty alleviation. The conclusions are still valid through robustness tests, such as substituting dependent variables, adjusting the sample range, and PSM-paired samples. In addition, the Impact Threshold for a Confounding Variable is used to deal with endogenous problems.