Environmental Information Disclosure, Executive Gender and Principal-Agent Cost

DOI

10.2991/iserss-19.2019.153How to use a DOI?

Keywords

environmental information disclosure, executive gender, implicit agency cost, explicit agency cost

Abstract

Information disclosure is one of the important mechanisms for the effective operation of the capital market, among which environmental information disclosure has an important impact on the principal-agent cost. This paper takes a-share listed companies in all heavy polluting industries in Shanghai and Shenzhen stock exchanges as research samples, and empirically tests the logic of the effect of environmental information disclosure on the principal-agent cost. The results show that there is a significant negative correlation between environmental information disclosure and principal-agent cost. In addition, executive gender has a positive moderating effect on the negative correlation between environmental information disclosure and principal-agent cost, indicating that the disclosure of environmental information by enterprises with female chairmen is more conducive to reducing principal-agent cost.

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  - Fengli He
PY  - 2019/06
DA  - 2019/06
TI  - Environmental Information Disclosure, Executive Gender and Principal-Agent Cost
BT  - Proceedings of the 2nd International Seminar on Education Research and Social Science (ISERSS 2019)
PB  - Atlantis Press
SP  - 402
EP  - 405
SN  - 2352-5398
UR  - https://doi.org/10.2991/iserss-19.2019.153
DO  - 10.2991/iserss-19.2019.153
ID  - He2019/06
ER  -