title: Media reporting, carbon information disclosure, and the cost of equity financing: evidence from China.
abstract: By using Shanghai and Shenzhen A-share listed companies in heavy polluting industry as research object from 2009 to 2014, this paper examines the relationship between media reporting, carbon information disclosure, and the cost of equity financing. The results show that media reporting can improve the quality of carbon information disclosure, and carbon information disclosure level is negatively associated with the cost of equity financing. This study also finds that financial carbon information disclosure and non-financial carbon information disclosure have significant negative relationship with the cost of equity financing respectively. Moreover, this paper shows that media reporting can strengthen the relationship between carbon information disclosure and the cost of equity financing.
authors.affiliation: Shenzhen Graduate School, Harbin Institute of Technology, Shenzhen, Guangdong Province, 518055, China.
authors.forename: Li
authors.initials: L
authors.lastname: Li
authors.affiliation: Shenzhen Graduate School, Harbin Institute of Technology, Shenzhen, Guangdong Province, 518055, China. Quanqilau_2002@126.com.
authors.forename: Quanqi
authors.initials: Q
authors.lastname: Liu
authors.affiliation: Shenzhen Graduate School, Harbin Institute of Technology, Shenzhen, Guangdong Province, 518055, China.
authors.forename: Dengli
authors.initials: D
authors.lastname: Tang
authors.affiliation: Shenzhen Graduate School, Harbin Institute of Technology, Shenzhen, Guangdong Province, 518055, China.
authors.forename: Jucheng
authors.initials: J
authors.lastname: Xiong
mesh_terms: D002202:Capital Financing; D002244:Carbon; D002681:China; D030881:Disclosure
chemical_list: D002244:Carbon
keywords: Carbon information disclosure; Cost of equity financing; Media reporting