Proceedings of the 2022 8th International Conference on Humanities and Social Science Research (ICHSSR 2022)

Talks More, Errs More? New Perspective for Corporate Governance based on Empirical Research from China

Authors
Jingxiang Guo1, *, Wentong Wang2, Pengyu Chen3, Zhenghai Chi4
1Applied Economics, Macau University of Science and Technology
2Department of Accounting and Finance, Macau University of Science and Technology
3Department of Decision Sciences, Macau University of Science and Technology
4Department of Decision Sciences, Macau University of Science and Technology
*Corresponding author. Email: tonywayneguo@foxmail.com
Corresponding Author
Jingxiang Guo
Available Online 1 June 2022.
DOI
https://doi.org/10.2991/assehr.k.220504.411How to use a DOI?
Keywords
Corporate governance; ESG information disclosure; Stock price synchronicity; Ownership structure
Abstract

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.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Download article (PDF)

Volume Title
Proceedings of the 2022 8th International Conference on Humanities and Social Science Research (ICHSSR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
1 June 2022
ISBN
978-94-6239-580-0
ISSN
2352-5398
DOI
https://doi.org/10.2991/assehr.k.220504.411How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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  -