Information Disclosure and Cost of Equity: Evidence from Subsidy of New Energy Industry

DOI

10.2991/icedem-19.2019.106How to use a DOI?

Keywords

information disclosure; subsidy policies; new energy industry; cost of equity

Abstract

This paper explores the impact of the level of information disclosure on the cost of equity for the subsidy policies of the new energy industry. We find the impact of government subsidy policies on information disclosure in the new energy industry, and further studies the correlation between information disclosure level and cost of equity. We provide evidence and explanations for the development of new energy industry and government subsidy policy. The empirical results show that information disclosure is negatively correlated with the cost of equity capital. Also, the results show that government subsidies have an impact on the level of information disclosure of new energy listed companies.

Copyright

© 2019, 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  - Yi-Chang Chen
AU  - Manqi Jiang
AU  - Zhengdong Wu
AU  - Jiaqi Luo
PY  - 2019/10
DA  - 2019/10
TI  - Information Disclosure and Cost of Equity: Evidence from Subsidy of New Energy Industry
BT  - Proceedings of the 2019 3rd International Conference on Economic Development and Education Management (ICEDEM 2019)
PB  - Atlantis Press
SP  - 447
EP  - 450
SN  - 2352-5398
UR  - https://doi.org/10.2991/icedem-19.2019.106
DO  - 10.2991/icedem-19.2019.106
ID  - Chen2019/10
ER  -