Empirical Study on the Impact of Social Responsibility Information Disclosure on Corporate Equity Capital Cost

DOI

10.2991/icoeme-18.2018.84How to use a DOI?

Keywords

corporate social responsibility information disclosure; the cost of equity capital; signal transmission theory; legitimacy theory

Abstract

The paper mainly discusses the impact of corporate social responsibility information disclosure on the cost of equity capital. Based on the theory of signal transmission and the theory of legality, the mechanism of action was analyzed. The listed companies that issued the social responsibility report in 2013-2015 were selected for empirical research. The empirical results show that corporate social responsibility information disclosure has a significant negative impact on the cost of equity capital.

Copyright

© 2018, 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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TY  - CONF
AU  - Liu Xuexin
AU  - Kong Xiaoxu
AU  - Sun Mengyu
PY  - 2018/11
DA  - 2018/11
TI  - Empirical Study on the Impact of Social Responsibility Information Disclosure on Corporate Equity Capital Cost
BT  - Proceedings of the 2018 International Conference on Economy, Management and Entrepreneurship (ICOEME 2018)
PB  - Atlantis Press
SP  - 228
EP  - 233
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-18.2018.84
DO  - 10.2991/icoeme-18.2018.84
ID  - Xuexin2018/11
ER  -