Media Coverage, Environmental Investment and Market Value

DOI

10.2991/hsmet-19.2019.7How to use a DOI?

Keywords

Media Coverage; Environmental Investment; Market Value

Abstract

This study provides evidence regarding the importance that media coverage places on corporate environmental protection by examining whether the negative reports on pollution are related to corporate environmental investments and its market value. We empirically analyze the data of Chinese companies listed in Shenzhen and Shanghai stock exchanges in the period 2008-2014, and find that negative media coverage reduces market value of environmental investment, which in turns puts pressure on corporate environmental protection from the capital market. Overall, our findings provide insights into the importance that media coverage place on environmental governance.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yun Wang
AU  - Zhuang Ma
AU  - Jinbo Song
AU  - Ruohan Zhong
PY  - 2019/07
DA  - 2019/07
TI  - Media Coverage, Environmental Investment and Market Value
BT  - Proceedings of the 4th International Conference on Humanities Science, Management and Education Technology (HSMET 2019)
PB  - Atlantis Press
SP  - 31
EP  - 34
SN  - 2352-5398
UR  - https://doi.org/10.2991/hsmet-19.2019.7
DO  - 10.2991/hsmet-19.2019.7
ID  - Wang2019/07
ER  -