The impact of environmental information disclosure on the cost of debt: evidence from China

Autor:	Yongliang Yang, Jing Wen, Yi Li
Jazyk:	angličtina
Rok vydání:	2024
Předmět:	Environmental information disclosure the cost of debt policy evaluation corporate social responsibility Economic growth development planning HD72-88 Economic history and conditions HC10-1085
Zdroj:	Journal of Applied Economics, Vol 27, Iss 1 (2024)
Druh dokumentu:	article
ISSN:	15140326 1667-6726 1514-0326
DOI:	10.1080/15140326.2023.2301280
Popis:	With the growing attention being paid to environmental issues by the public, environmental information disclosure (EID) has become a vital means for firms to convey their social responsibility and an important information source for lending institutions to assess firm credit risk. Based on the data of listed companies in China, a two-way fixed effects model is applied in this study to determine the impact of EID on the cost of debt. It reveals that EID can decrease companies’ cost of debt and that both CEO duality and ownership concentration play vital roles in this relationship. After the consideration of endogeneity problems and robustness testing, the conclusions remain valid.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/372d0cb0f3e14a529e59e124965e90be Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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