Variable Types

Variable Names

Variable Meanings

Variable Measurements

Explained Variable

ROA

Financial Performance

Return on Total Assets

Explanatory

Variable

Rur_D

Whether Enterprises Participate in Rural Revitalization

Whether the Enterprise Participated in Rural Revitalization in the Current Year, Participation = 1, Non-Participation = 0

Rur_scl

Scale of Rural Revitalization Investment by Enterprises

Ln(Poverty Alleviation Funds and In-Kind Contributions by the Enterprise in the Current Year)

Mediating Variable

KZ

Financing

Constraint

KZ Index

Controlled Variable

Size

Company Size

Ln(Total Assets)

Dual

Unified Dual Roles

When the Chairman concurrently serves as the CEO, it is denoted as 1; otherwise, it is denoted as 0

Board

Board Size

Number of Board Members

Share

Shareholding Percentage of the Largest Shareholder

The ownership proportion of the largest shareholder divided by the total number of shares

Growth

Company Growth Prospects

Growth rate of operating revenue for listed companies

Idr

Proportion of Independent Directors

The percentage of independent directors in relation to the total number of board members

year

Year

Annual dummy variable, taking the value of 1 for a specific year and 0 otherwise

ind

Industry

Industry dummy variable, following the industry classification standard established by the China Securities Regulatory Commission in 2012, taking the value of 1 for a specific industry and 0 otherwise