The Market Factors of Influence Environmental Information Disclosure and Market Reactions

DOI

10.2991/lemcs-15.2015.285How to use a DOI?

Keywords

Environmental Information Disclosure; Institutional Investors; Market Value; Tradable Share; Added Value.

Abstract

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.

Copyright

© 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/).

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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  -