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Does the Quality of CSR Information Disclosure Affect the Speed of Capital Structure Adjustment?—Evidence from Chinese Listed Companies
Research in Economics and Management
View Archive Info| Field | Value | |
| Title |
Does the Quality of CSR Information Disclosure Affect the Speed of Capital Structure Adjustment?—Evidence from Chinese Listed Companies
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| Creator |
Ziyang, Yao
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| Description |
This paper takes the balanced panel data of 376 A-share listed companies in 2010-2016 as a sample, and makes the quality of Corporate Social Responsibility (CSR) information disclosure as the research entry point. Based on the two-stage method, this paper tests the relationship between the quality of CSR information disclosure and the speed of capital structure adjustment of Chinese listed companies by using the difference-GMM. Empirical research shows that the higher the quality of CSR information disclosure, the faster the rate of capital structure adjustment. However, the speed of capital structure adjustment of non-state-owned enterprises is more sensitive to the quality of CSR information disclosure than that of state-owned enterprises.
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| Publisher |
SCHOLINK INC.
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| Contributor |
—
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| Date |
2019-10-24
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.scholink.org/ojs/index.php/rem/article/view/2375
10.22158/rem.v4n4p200 |
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| Source |
Research in Economics and Management; Vol 4, No 4 (2019); p200
2470-4393 2470-4407 |
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| Language |
eng
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| Relation |
http://www.scholink.org/ojs/index.php/rem/article/view/2375/2474
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| Rights |
Copyright (c) 2019 Yao Ziyang
http://creativecommons.org/licenses/by/4.0 |
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