Proceedings of the 2017 3rd International Conference on Social Science and Higher Education

The Relationship between Disclosure of Corporate Social Responsibility Information and Stock Synchronicity: Evidence from Listed Liquor Companies

Authors
Lan Guo, Yu Chen
Corresponding Author
Lan Guo
Available Online September 2017.
DOI
https://doi.org/10.2991/icsshe-17.2017.52How to use a DOI?
Keywords
stock synchronicity, corporate social responsibility, information disclosure, listed liquor companies
Abstract
This paper discussed the relationship between listed liquor companies' stock synchronicity and the disclosure and its quality of corporate's social responsibility information. The study showed that investors would not take the disclosure of corporate's social responsibility information into consideration when making investment decisions. While with the improvement of the disclosure quality of corporate's social responsibility information, investors would take social responsibility information as an important source of information. And corporate social responsibility about customer was key social responsibility information that investors concern about. Shareholders' and employees' responsibility and environmental responsibility could reduce stock synchronicity, but were insignificant.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2017 3rd International Conference on Social Science and Higher Education
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
September 2017
ISBN
978-94-6252-395-1
ISSN
2352-5398
DOI
https://doi.org/10.2991/icsshe-17.2017.52How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Lan Guo
AU  - Yu Chen
PY  - 2017/09
DA  - 2017/09
TI  - The Relationship between Disclosure of Corporate Social Responsibility Information and Stock Synchronicity: Evidence from Listed Liquor Companies
BT  - 2017 3rd International Conference on Social Science and Higher Education
PB  - Atlantis Press
SP  - 206
EP  - 211
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsshe-17.2017.52
DO  - https://doi.org/10.2991/icsshe-17.2017.52
ID  - Guo2017/09
ER  -