Talks More, Errs More? New Perspective for Corporate Governance based on Empirical Research from China
- https://doi.org/10.2991/assehr.k.220504.411How to use a DOI?
- Corporate governance; ESG information disclosure; Stock price synchronicity; Ownership structure
This paper investigates the relationship between ESG information disclosure and stock price synchronicity as well as the moderation effect of ownership structures on this relationship. Our research extends the corporate governance and provides other insight of the important role of information disclosure in corporate governance. We use the data from CSMAR with time span from 2015 – 2019 to examine our hypothesis. We show that the higher degree of ESG information disclosure, the lower stock price synchronicity, which means more firm-specific information has been incorporated into the stock price. Further, we testify the extant difference between same-level information disclosure caused by ownership structure.
- © 2022 The Authors. Published by Atlantis Press SARL.
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Cite this article
TY - CONF AU - Jingxiang Guo AU - Wentong Wang AU - Pengyu Chen AU - Zhenghai Chi PY - 2022 DA - 2022/06/01 TI - Talks More, Errs More? New Perspective for Corporate Governance based on Empirical Research from China BT - Proceedings of the 2022 8th International Conference on Humanities and Social Science Research (ICHSSR 2022) PB - Atlantis Press SP - 2273 EP - 2279 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.220504.411 DO - https://doi.org/10.2991/assehr.k.220504.411 ID - Guo2022 ER -