The impact of environmental information disclosure on the cost of debt: evidence from China
With the growing attention being paid to environmental issues by the public, environmental information disclosure (EID) has become a vital means for firms to convey their social responsibility and an important information source for lending institutions to assess firm credit risk. Based on the data...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2024-12-01
|
| Series: | Journal of Applied Economics |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/15140326.2023.2301280 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849431180146900992 |
|---|---|
| author | Yongliang Yang Jing Wen Yi Li |
| author_facet | Yongliang Yang Jing Wen Yi Li |
| author_sort | Yongliang Yang |
| collection | DOAJ |
| description | With the growing attention being paid to environmental issues by the public, environmental information disclosure (EID) has become a vital means for firms to convey their social responsibility and an important information source for lending institutions to assess firm credit risk. Based on the data of listed companies in China, a two-way fixed effects model is applied in this study to determine the impact of EID on the cost of debt. It reveals that EID can decrease companies’ cost of debt and that both CEO duality and ownership concentration play vital roles in this relationship. After the consideration of endogeneity problems and robustness testing, the conclusions remain valid. |
| format | Article |
| id | doaj-art-372d0cb0f3e14a529e59e124965e90be |
| institution | Kabale University |
| issn | 1514-0326 1667-6726 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Applied Economics |
| spelling | doaj-art-372d0cb0f3e14a529e59e124965e90be2025-08-20T03:27:43ZengTaylor & Francis GroupJournal of Applied Economics1514-03261667-67262024-12-0127110.1080/15140326.2023.2301280The impact of environmental information disclosure on the cost of debt: evidence from ChinaYongliang Yang0Jing Wen1Yi Li2School of Economics and Management, Zhejiang Sci-Tech University, Hangzhou, ChinaSchool of Urban and Regional Science, East China Normal University, Shanghai, ChinaFashion Department/DongHai Academy/Collaborative Innovation Center of Port Economy, Ningbo University, Ningbo, ChinaWith the growing attention being paid to environmental issues by the public, environmental information disclosure (EID) has become a vital means for firms to convey their social responsibility and an important information source for lending institutions to assess firm credit risk. Based on the data of listed companies in China, a two-way fixed effects model is applied in this study to determine the impact of EID on the cost of debt. It reveals that EID can decrease companies’ cost of debt and that both CEO duality and ownership concentration play vital roles in this relationship. After the consideration of endogeneity problems and robustness testing, the conclusions remain valid.https://www.tandfonline.com/doi/10.1080/15140326.2023.2301280Environmental information disclosurethe cost of debtpolicy evaluationcorporate social responsibility |
| spellingShingle | Yongliang Yang Jing Wen Yi Li The impact of environmental information disclosure on the cost of debt: evidence from China Journal of Applied Economics Environmental information disclosure the cost of debt policy evaluation corporate social responsibility |
| title | The impact of environmental information disclosure on the cost of debt: evidence from China |
| title_full | The impact of environmental information disclosure on the cost of debt: evidence from China |
| title_fullStr | The impact of environmental information disclosure on the cost of debt: evidence from China |
| title_full_unstemmed | The impact of environmental information disclosure on the cost of debt: evidence from China |
| title_short | The impact of environmental information disclosure on the cost of debt: evidence from China |
| title_sort | impact of environmental information disclosure on the cost of debt evidence from china |
| topic | Environmental information disclosure the cost of debt policy evaluation corporate social responsibility |
| url | https://www.tandfonline.com/doi/10.1080/15140326.2023.2301280 |
| work_keys_str_mv | AT yongliangyang theimpactofenvironmentalinformationdisclosureonthecostofdebtevidencefromchina AT jingwen theimpactofenvironmentalinformationdisclosureonthecostofdebtevidencefromchina AT yili theimpactofenvironmentalinformationdisclosureonthecostofdebtevidencefromchina AT yongliangyang impactofenvironmentalinformationdisclosureonthecostofdebtevidencefromchina AT jingwen impactofenvironmentalinformationdisclosureonthecostofdebtevidencefromchina AT yili impactofenvironmentalinformationdisclosureonthecostofdebtevidencefromchina |