Does Environmental Information Disclosure Increase the Firm Value and Investors' Confidence

DOI

10.2991/emcm-16.2017.158How to use a DOI?

Keywords

Environmental information disclosure; Firm value; Investors' confidence

Abstract

Use all A-share listed companies of main board market in 2012 as samples, this paper investigate the influence of environmental information disclosure behavior on the firm future market value and investors` confidence in capital market. The research conclusion indicate that: (1)The listed companies` environmental information disclosure behavior index and environmental information disclosure quality index are both significantly positive correlation with the company's next seasonal added value; (2)The disclosure quality significantly positive correlation with investor confidence. In short, the high quality of disclosure of environmental information can significantly improve the company value and investors' confidence in Chinese capital market.

Copyright

© 2017, 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
PY  - 2017/02
DA  - 2017/02
TI  - Does Environmental Information Disclosure Increase the Firm Value and Investors' Confidence
BT  - Proceedings of the 2016 7th International Conference on Education, Management, Computer and Medicine (EMCM 2016)
PB  - Atlantis Press
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcm-16.2017.158
DO  - 10.2991/emcm-16.2017.158
ID  - Yuan2017/02
ER  -