Environmental Information Disclosure of Listed Company Study on the Cost of Debt Capital Empirical Data: Based on Thermal Power Industry

摘要: Environmental pollution incidents in recent years, at the cost of sacrificing environment’s mode economic development are facing a deep review. This 2008 year to 2012 Shanghai and Shenzhen-listed power companies for study, from point view debt financing effect environmental information disclosure on corporate debt, capital. Study: levels significantly impact costs, full listed their lower unit capital; overall low level thermal industry, but increasing trend. Theoretical study institution-building, as well enterprise autonomy make relevant recommendations.