Information Flow Perspective for Capturing the Impact of Corporate Environmental Performance on the Cost of Debt

被引：1

作者：

Xu, Yinshuo ^{[1
]}

Slaughter, Geoff ^{[1
]}

Hakim, Latif ^{[2
]}

机构：

[1] Univ Southern Queensland, Sch Accounting Econ & Finance, Toowoomba, Qld 4350, Australia

[2] Univ Southern Queensland, Sch Management & Mkt, Toowoomba, Australia

来源：

FOURTH INTERNATIONAL CONFERENCE ON COOPERATION AND PROMOTION OF INFORMATION RESOURCES IN SCIENCE AND TECHNOLOGY (COINFO 2009) | 2009年

关键词：

information flow; corporate environmental performance; cost of debt; stakeholder theory; agency theory; data flow diagram; STAKEHOLDER THEORY; MANAGEMENT;

D O I：

10.1109/COINFO.2009.18

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

Stakeholders' increased concern for environmental sustainability has resulted in many firms placing greater emphasis on environmental performance management. Creditors are often major corporate stakeholders and as such when evaluating firms' applications for debt financing examine how the environmental sustainability of an organisation may impact on default risk and thus the cost of debt. This study identifies the elements of the information flows between corporate borrowers and lenders and how environmental performance impacts on the cost of debt financing. It develops a conceptual framework based on stakeholder, agency theory and data flow diagram which traces the flow of environmental and financial information between lenders and corporate borrowers. The proposed framework is designed to identify information that determines the impact of corporate environmental performance on a firm's cost of debt.

引用

页码：204 / +

页数：3

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