Author(s)

Haoyang Chen

Corresponding Author

Haoyang Chen

ABSTRACT

Disclosure of environmental information is helpful for investors to evaluate the effectiveness of enterprise internal control, and reducing the degree of information asymmetry between investors and companies, so as to reduce the risk of stock price crash. In this paper, the listed companies of traditional Chinese medicine industry in China's A-share market from 2011 to 2019 are taken as objects to analyze the impact of environmental information disclosure on the risk of corporate stock price crash, and attempts to verify that the quality of environmental information disclosure is negatively correlated with the risk of corporate stock price crash.

KEYWORDS

Environmental information disclosure, share price collapse, pharmaceutical industry, Chinese medicine