Environmental Information Disclosure Quality and Equity Financing Cost

DOI

10.2991/aebmr.k.191217.021How to use a DOI?

Keywords

Environmental information disclosure quality, Equity financing Cost, industry

Abstract

This paper selects the key stocks of A-shares in Shanghai stock market in 2016-2018 as a research sample, and analyzes the relationship between the quality of environmental information disclosure and the cost of equity financing. Considering that key polluting enterprises are subordinate to different industries, they focus on key polluting enterprises. The industry analyzed the differences in the impact of environmental information disclosure quality on equity financing costs. The research shows that there is a significant negative correlation between the quality of environmental information disclosure and the cost of equity financing. For different industries, the sensitivity of environmental information disclosure quality to equity financing costs varies due to differences in industry nature.Finally, based on the empirical conclusions and the actual situation of China’s Shanghai A-share key pollutant discharge enterprises, the company itself and investors put forward corresponding countermeasures and suggestions.

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  - Liping Su
AU  - Huimin Zhang
PY  - 2019
DA  - 2019/12/20
TI  - Environmental Information Disclosure Quality and Equity Financing Cost
BT  - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
PB  - Atlantis Press
SP  - 116
EP  - 121
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191217.021
DO  - 10.2991/aebmr.k.191217.021
ID  - Su2019
ER  -