Detail Does green bond issuance affect stock price crash risk? Evidence from China Bibliografi Author: Zhang, Yuyao ; Li, Yinuo ; Chen, Xingyu Topik: Green bond issuance; Stock price; Firm risk; Information asymmetry Bahasa: (EN )    Edisi: Vol. 60     Penerbit: Elsevier     Tempat Terbit: New York    Tahun Terbit: 2024     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Does green bond issuance affect stock price crash risk_Evidence From China.pdf (1.45MB; 0 download) [Informasi yang berkaitan dengan koleksi ini di internet] Abstract This paper investigates the impact of green bond issuance on stock price crash risk and the mediating roles of information asymmetry and financing constraints by utilizing data of Chinese listed firms from 2014 to 2021. It is empirically tested that green bond issuance can significantly reduce stock price crash risk based on difference-in-differences (DID) methods. Our mechanism analysis shows that green bond issuance decreases stock price crash risk by addressing information asymmetry and alleviating financing constraints. Moreover, the reduction effect is more pronounced among firms in polluting industries and firms with non-SOEs ownership types. This paper provides a new perspective on stock market risk prevention. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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