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Environmental Information Disclosure and Corporate Bond Spread

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  • Liu, Zhen
  • Guo, Qiang
  • Yang, Shuangpeng

Abstract

This study examines the impact of environmental information disclosure on corporate bond spreads. The results show a robust negative association between environmental information disclosure and bond spread, indicating that superior environmental information disclosure quality significantly reduces financing costs in the bond market. Furthermore, this effect is more pronounced for bonds with larger issue sizes and for firms with greater assets. Our findings offer practical implications for corporations seeking to optimize their debt financing strategies through enhanced transparency.

Suggested Citation

  • Liu, Zhen & Guo, Qiang & Yang, Shuangpeng, 2025. "Environmental Information Disclosure and Corporate Bond Spread," Finance Research Letters, Elsevier, vol. 86(PF).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pf:s1544612325020276
    DOI: 10.1016/j.frl.2025.108773
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    References listed on IDEAS

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