Abstract: Based on the AShare listed companies from 2015 to 2018. The results show that:SOEs and non-SOEs with political connections are more active in targeted poverty alleviation. SOEs are more likely to choose integrated poverty alleviation, while non-SOEs with political connections are more likely to choose charity poverty alleviation. Further, Enterprises' targeted poverty alleviation information disclosure brings positive market response; non-SOEs have more positive market response to it compared with SOEs,especially in non-SOEs with political connections. And poverty alleviation methods and continuity of poverty alleviation have impacts on the market response of targeted poverty alleviation information.

Key words: targeted poverty alleviation, market reaction, property rights, political connection