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

Figure 3

ROA figure of Xinjiang torch. Note: Xinjiang torch was listed through the IPO green channel in 2017. And before its being listed, the treatment group and control group fold share the same trend. After 2017, both experienced a decline, but the decline in the treatment group was more severe, which indicates that Xinjiang Torch has experienced a change in performance after being listed through this policy (the figure is directly exported by Stata software).