191 research outputs found
Carbon information disclosure of enterprises and their value creation through market liquidity and cost of equity capital
Purpose: Drawing on asymmetric information and stakeholder theories, this paper investigates
two mechanisms, namely market liquidity and cost of equity capital, by which the carbon
information disclosure of enterprises can benefit their value creation.
Design/methodology/approach: In this research, web crawler technology is employed to
study the link between carbon information disclosure and enterprises value creation,and the
carbon information data are provided by all companies listed in Chinese A-share market
Findings: The results show that carbon information disclosure have significant positive
influence on enterprise value creation, which is embodied in the relationship between carbon
information disclosure quantity, depth and enterprise value creation, and market liquidity and
cost of equity capital play partially mediating role in it, while the influence of carbon
information disclosure quality and concentration on enterprise value creation are not significant
in statistics.
Research limitations/implications: This paper explains the influence path and mechanism
between carbon information disclosure and enterprise value creation deeply, answers the
question of whether carbon information disclosure affects enterprise value creation or not in
China.Practical implications: This paper finds that carbon information disclosure contributes
positively to enterprise value creation suggests that managers can reap more financial benefits
by disclosing more carbon information and investing carbon emissions management. So,
managers in the enterprises should strengthen the management of carbon information
disclosure behavior.
Originality/value: The paper gives a different perspective on the influence of carbon
information disclosure on enterprise value creation, and suggests a new direction to understand
carbon information disclosure behavior.Peer Reviewe
Carbon information disclosure of enterprises and their value creation through market liquidity and cost of equity capital
Purpose: Drawing on asymmetric information and stakeholder theories, this paper investigates
two mechanisms, namely market liquidity and cost of equity capital, by which the carbon
information disclosure of enterprises can benefit their value creation.
Design/methodology/approach: In this research, web crawler technology is employed to
study the link between carbon information disclosure and enterprises value creation,and the
carbon information data are provided by all companies listed in Chinese A-share market
Findings: The results show that carbon information disclosure have significant positive
influence on enterprise value creation, which is embodied in the relationship between carbon
information disclosure quantity, depth and enterprise value creation, and market liquidity and
cost of equity capital play partially mediating role in it, while the influence of carbon
information disclosure quality and concentration on enterprise value creation are not significant
in statistics.
Research limitations/implications: This paper explains the influence path and mechanism
between carbon information disclosure and enterprise value creation deeply, answers the
question of whether carbon information disclosure affects enterprise value creation or not in
China.Practical implications: This paper finds that carbon information disclosure contributes
positively to enterprise value creation suggests that managers can reap more financial benefits
by disclosing more carbon information and investing carbon emissions management. So,
managers in the enterprises should strengthen the management of carbon information
disclosure behavior.
Originality/value: The paper gives a different perspective on the influence of carbon
information disclosure on enterprise value creation, and suggests a new direction to understand
carbon information disclosure behavior.Peer Reviewe
Fuzzy-Bayesian-network-based Safety Risk Analysis in Railway Passenger Transport
This study presents a fuzzy Bayesian network (FBN) method to analyze the influence on the safety risk of railway passenger transport applying different risk control strategies. Based on the fuzzy probability of the basic event determined by the expert group decision method, the proposed FBN method can reasonably predict the probability of railway passenger safety risk. It is also proven that control the risk in the safety management of railway passenger transport will be the most effective way to reduce the risk probability of the railway passenger transport safety
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