Loosening of Access Threshold and Downturns in Listed Firms Performance: A Quasi-Natural Experiment from the “IPO Green Channel” for Poverty Alleviation

Figure 1

ROA figure of Gaozheng explosive. Note: Gaozheng explosive was listed through the “IPO green channel” for poverty alleviation in 2016, and the development trends of the treatment group and control groups were basically the same before the IPO policy for poverty alleviation was proposed in 2016, and there was a change by the time the policy occurred in 2016, with a sharp decline trend in the treatment group fold and a flattening trend in the control group fold. There is a large difference between the two (the figure is directly exported by Stata software).