Environmental Information Disclosure Quality and Cost of Debt: Evidence from A-Share Listed Companies in China

DOI

10.2991/978-94-6463-642-0_50How to use a DOI?

Keywords

Environmental Information Disclosure Quality; Cost of Debt; Government Regulation; Internal Control

Abstract

This study examines the influence of the quality of environmental information disclosure on the cost of debt for A-share listed companies in Shanghai, Shenzhen, and Beijing from 2014 to 2019, amidst the rapid expansion of the Chinese economy and its resultant environmental challenges. The research aims to address the societal demand for a low-carbon economy and sustainable practices. By concentrating on China’s distinctive governance framework, this study explores the role of transparency in environmental performance in optimizing interactions within capital markets, offering both theoretical and practical implications for corporate governance and policy-making in developing economies. The findings indicate that the higher quality of corporate environmental information disclosure correlates with reduced costs of debt. In addition, the study explores the moderating and mediating role of government regulation and internal control in this relationship. Results demonstrate that government regulation strengthens the negative correlation between environmental information disclosure quality and financing costs, while robust internal controls further contribute to reducing these costs.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Chenxin Liang
PY  - 2025
DA  - 2025/01/24
TI  - Environmental Information Disclosure Quality and Cost of Debt: Evidence from A-Share Listed Companies in China
BT  - Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)
PB  - Atlantis Press
SP  - 475
EP  - 488
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-642-0_50
DO  - 10.2991/978-94-6463-642-0_50
ID  - Liang2025
ER  -