Empirical Research on Environmental Information Disclosure and Equity Capital Cost of Chinese Chemical Enterprises

Yun Li, Minghui Liu, Shuo Zhou
2018 Chemical Engineering Transactions  
This paper takes Shandong's listed companies in the chemical industry in 2014-2017 as study case, empirically tests how the information disclosure about environmental concerns has an impact on the cost of business equity capital. The findings show that the improved quality of Environment Information Disclosure (EID) can significantly reduce the cost of equity capital of listed companies in the chemical industry; in relation to those non-state-run in chemical industry, there is a strongly
more » ... s a strongly negative correlation between the EID and the cost of equity capital in the state-owned companies. On this basis, it is suggested that the EID of listed companies in the chemical industry be improved.
doi:10.3303/CET1867073 doaj:4d81f2d996e14dc4905111b73650b41e fatcat:tfb2w2m6lvhp3jnw7asgfiy4da