Abstract: Targeted poverty alleviation in industry is the key weapon to win the battle against poverty. From the perspective of enterprises, participating in targeted poverty alleviation not only fulfills social responsibility, but also obtains the opportunity to improve the performance of enterprises.Based on the theory of resource dependence, an empirical study of A-share listed companies participating in targeted poverty alleviation in industry from 2016 to 2017 shows that: increasing investment in industrial targeted poverty alleviation can improve financial performance, which is still significant after eliminating endogenous problems; moreover, in areas with low degree of marketization, the impact of industrial targeted poverty alleviation investment on corporate performance is better; at the same time, there is no significant difference between the financial performance of state-owned and non-state-owned enterprises participating in industrial targeted poverty alleviation,however, the higher concentration of management power is not conducive to the improvement of financial performance through industry targeted poverty alleviation; further research found that there is a similar relationship between investment level of industry targeted poverty alleviation and enterprise value. The above conclusions enrich the research results in the field of targeted poverty alleviation, and have reference significance for enterprises to participate in industrial targeted poverty alleviation decision-making.

Key words: industry targeted poverty alleviation, enterprise investment, enterprise performance, Resource Dependence Theory