The Market Factors of Influence Environmental Information Disclosure and Market Reactions
- 10.2991/lemcs-15.2015.285How to use a DOI?
- Environmental Information Disclosure; Institutional Investors; Market Value; Tradable Share; Added Value.
In order to investigate the market factors of influence environmental information disclosure and market reactions, this paper uses Chinese all A-share listed companies of main board market in 2012 as samples, this paper’s research conclusion indicate that: (1) The higher the market value, the higher tradable shares, and the higher the institutional investor shareholding of listed companies will be more and better disclosure of environmental information, indicating that under the condition of the voluntary disclosure of environmental information, market factors are the main reasons for environmental information disclosure. (2) The listed companies environmental information disclosure behavior index and disclosure quality index are all significantly positive with the company's next seasonal added value. In short, Capital market responds strongly to the environmental information disclosure.
- © 2015, 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 - Tangmei Yuan AU - Zhoue He PY - 2015/07 DA - 2015/07 TI - The Market Factors of Influence Environmental Information Disclosure and Market Reactions BT - Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science PB - Atlantis Press SP - 1432 EP - 1437 SN - 1951-6851 UR - https://doi.org/10.2991/lemcs-15.2015.285 DO - 10.2991/lemcs-15.2015.285 ID - Yuan2015/07 ER -