Financing, reputation and information disclosure quality in the Chinese market

Jianhua Mi, Hong Sheng and Cassandra Elrod

Applied Economics, 2016, vol. 48, issue 9, 789-798

Abstract: In this article, we propose a theoretical model based on the reputation theory and hypothesize a positive relation between the information disclosure quality and the company's refinancing decision. We collected data from the listed companies, which refinances in Shenzhen main board and SME board during 2006-2012, as a panel sample, and tested the hypothesis empirically. The results indicate that there exists a significant positive correction short-term relation between refinancing decision and the information disclosure quality, but in the long term the relationship between the information disclosure quality and refinancing decision is not significant.

Date: 2016
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DOI: 10.1080/00036846.2015.1088140

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