Proceedings of the 2019 3rd International Conference on Economic Development and Education Management (ICEDEM 2019)

Information Disclosure and Cost of Equity: Evidence from Subsidy of New Energy Industry

Authors
Yi-Chang Chen, Manqi Jiang, Zhengdong Wu, Jiaqi Luo
Corresponding Author
Zhengdong Wu
Available Online October 2019.
DOI
10.2991/icedem-19.2019.106How to use a DOI?
Keywords
information disclosure; subsidy policies; new energy industry; cost of equity
Abstract

This paper explores the impact of the level of information disclosure on the cost of equity for the subsidy policies of the new energy industry. We find the impact of government subsidy policies on information disclosure in the new energy industry, and further studies the correlation between information disclosure level and cost of equity. We provide evidence and explanations for the development of new energy industry and government subsidy policy. The empirical results show that information disclosure is negatively correlated with the cost of equity capital. Also, the results show that government subsidies have an impact on the level of information disclosure of new energy listed companies.

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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Volume Title
Proceedings of the 2019 3rd International Conference on Economic Development and Education Management (ICEDEM 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
October 2019
ISBN
10.2991/icedem-19.2019.106
ISSN
2352-5398
DOI
10.2991/icedem-19.2019.106How to use a DOI?
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/).

Cite this article

TY  - CONF
AU  - Yi-Chang Chen
AU  - Manqi Jiang
AU  - Zhengdong Wu
AU  - Jiaqi Luo
PY  - 2019/10
DA  - 2019/10
TI  - Information Disclosure and Cost of Equity: Evidence from Subsidy of New Energy Industry
BT  - Proceedings of the 2019 3rd International Conference on Economic Development and Education Management (ICEDEM 2019)
PB  - Atlantis Press
SP  - 447
EP  - 450
SN  - 2352-5398
UR  - https://doi.org/10.2991/icedem-19.2019.106
DO  - 10.2991/icedem-19.2019.106
ID  - Chen2019/10
ER  -