Abstract: The 13th five-year poverty alleviation plan released by the State Council in November 2016 emphasizes that local governments should mobilize local state-owned enterprises to actively undertake poverty alleviation and development tasks. Based on the sample of local state-owned companies listed from 2016 to 2019, this paper studies whether executive promotion is an effective incentive mechanism for the government to promote the participation of state-owned enterprises in poverty alleviation work. The results show that the local state-owned enterprises involved in poverty reduction can increase executive promotion probability. After controlling for the endogeneity problem through instrumental variables two-stage regression, propensity score matching, Heckman two-stage regression, the results remain robust. The incentive effect is more significant when the promotion expectation is higher and the poverty alleviation demand is stronger. In addition, targeted poverty alleviation by enterprises can reduce the local poverty in the future. The above results indicate that the promotion mechanism is effective for the government to mobilize SOEs to participate in poverty alleviation. From the perspective of targeted poverty alleviation, this paper has enriched the literature on the executive promotion, governance for poverty alleviation and corporate social responsibility. At the same time, this paper has reference significance for improving the assessment of state-owned enterprises, and also provides theoretical basis and policy reference for comprehensively promoting rural revitalization and accelerating agricultural and rural madernization.

Key words: state-owned enterprise, executive promotion, targeted poverty alleviation