The Relationship between Disclosure of Corporate Social Responsibility Information and Stock Synchronicity: Evidence from Listed Liquor Companies

DOI

10.2991/icsshe-17.2017.52How to use a DOI?

Keywords

stock synchronicity, corporate social responsibility, information disclosure, listed liquor companies

Abstract

This paper discussed the relationship between listed liquor companies' stock synchronicity and the disclosure and its quality of corporate's social responsibility information. The study showed that investors would not take the disclosure of corporate's social responsibility information into consideration when making investment decisions. While with the improvement of the disclosure quality of corporate's social responsibility information, investors would take social responsibility information as an important source of information. And corporate social responsibility about customer was key social responsibility information that investors concern about. Shareholders' and employees' responsibility and environmental responsibility could reduce stock synchronicity, but were insignificant.

Copyright

© 2017, 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  - Lan Guo
AU  - Yu Chen
PY  - 2017/09
DA  - 2017/09
TI  - The Relationship between Disclosure of Corporate Social Responsibility Information and Stock Synchronicity: Evidence from Listed Liquor Companies
BT  - Proceedings of the 2017 3rd International Conference on Social Science and Higher Education
PB  - Atlantis Press
SP  - 206
EP  - 211
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsshe-17.2017.52
DO  - 10.2991/icsshe-17.2017.52
ID  - Guo2017/09
ER  -