Can the precision poverty reduction policy stimulate enterprise total factor productivity?

Abstract

This research investigates the correlation between targeted poverty reduction policies and the overall efficiency of enterprises, as measured by total factor productivity. This article presents findings from a study conducted between 2017 and 2022, which demonstrate that implementing a precise poverty reduction program may enhance enterprises' total factor productivity. Moreover, the beneficial effects are achieved by reducing financial limitations and enhancing external oversight. Examining many characteristics reveals that the ownership of enterprises and the proportion of female CEOs have varying effects. The findings offer firms a comprehensive comprehension of how adhering to national policies and meeting social duties may substantially help their high-quality growth. Furthermore, these findings provide helpful policy recommendations for enhancing and broadening the successes of poverty elimination, mitigating relative poverty, and fostering rural rejuvenation in the post-poor eradication period.