Corporate Financing Constraints and Information Disclosure: An Analysis of Corporate Investment Dilemmas under the Wave of Counter-Globalization. (21st August 2022)

• Record Type: Journal Article
• Authors: Xu, Li; Duan, Qian; Cao, Xinyu
• Other Names: Fan Yaxiang Academic Editor.
• Is Part Of: Journal of sensors. Volume 2022(2022)
• Publication Date: 2022-08-21
• Subjects: Detectors -- Periodicals; 681.205
• DOI: 10.1155/2022/7957187
• Languages: English
• ISSNs: 1687-725X

Abstract

Abstract : Open and transparent market information is a prerequisite to maintain the order of financial market and guarantee the normal financing of enterprises. In the real financial market, there is inevitably market information asymmetry. Information asymmetry has become a key factor in corporate financing constraints, and capital market information disclosure is conducive to solve problems such as information asymmetry in the capital market and smooth the financing channels of companies. In the process of economic globalization, some developed countries and industrial classes with damaged interests have set off a wave of counter-globalization, under which export-oriented enterprises in various countries are facing a series of investment dilemmas, which affect their choice of investment direction. In this paper, we study the relationship between corporate financing constraints and information disclosure, introduce information disclosure quality indicators and financing constraint measurement models, and analyze corporate investment dilemmas based on international disputes under the wave of counter-globalization.