Published: Jan. 1, 2024
Language: Английский
Journal of Cleaner Production, Journal Year: 2024, Volume and Issue: 467, P. 142953 - 142953
Published: June 19, 2024
Language: Английский
Citations
16
Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 370, P. 122955 - 122955
Published: Oct. 17, 2024
Language: Английский
Citations
11
Research in International Business and Finance, Journal Year: 2025, Volume and Issue: unknown, P. 102817 - 102817
Published: Feb. 1, 2025
Language: Английский
Citations
1
Business Process Management Journal, Journal Year: 2025, Volume and Issue: unknown
Published: Feb. 19, 2025
Purpose Environmental, social and governance (ESG) greenwashing is a form of responsibility response that appears compliant but substantively oppositional. As an abnormal behavior, existing research has rarely focused on the deep-seated strategic logic behind ESG greenwashing. Business strategy emerges as linchpin for companies undertaking series decision-making actions. Consequently, this seeks to provide new insights into drivers corporate role institutional investors in mitigating these practices. Design/methodology/approach The utilizes empirical analysis based data from Chinese A-share listed Shanghai Shenzhen stock exchanges 2010 2022. performance sourced Bloomberg Disclosure Ratings Thomson Reuters’ Asset4 database. assessed using six key indicators. study employs theory analytical framework, examining impact business investigating internal mechanisms driving behaviors. Findings finds compared with defender strategies, prospector strategies are more likely lead behavior. Specifically, aggressive tend facilitate Mechanism indicates that, defenders, prospectors induce by increasing information asymmetry (reputation effect) being constrained financing limitations (profit-seeking effect). From external perspective, investor ownership can mitigate Furthermore, additional confirms heavily polluting industries, positive effect pronounced, whereas implementing Environmental Protection Tax Law curtails Originality/value This analyzes greenwashing, particularly context emerging economies such China, contributing uniquely literature green management. extends application field environmental introduces concepts reputation profit-seeking effects, offering fresh perspectives understanding It also provides evidence addressing managerial opportunism related enriching theoretical framework. Finally, highlights need establish stronger effectively tackle valuable future practice.
Language: Английский
Citations
1
Pacific-Basin Finance Journal, Journal Year: 2025, Volume and Issue: unknown, P. 102724 - 102724
Published: Feb. 1, 2025
Language: Английский
Citations
1
Sustainability, Journal Year: 2025, Volume and Issue: 17(6), P. 2750 - 2750
Published: March 20, 2025
Firm value reflects a company’s market competitiveness, while ESG controversies indicate its risks. This study aims to examine the impact of on firm and underlying mechanisms. Using panel dataset 851 non-financial firms listed in China’s A-share between 2010 2022, this investigates relationship using two-way fixed-effects model. The analysis shows that impair value. remains robust after conducting Heckman test, 2SLS methods, heteroskedasticity tests. Further mediation indicates negatively affect through lower levels green innovation, total factor productivity, financing constraints. In addition, examines moderating effects social performance, environmental analyst forecast bias. Finally, heterogeneity was conducted. These findings provide new perspectives for understanding complex dynamics value, essential strengthening rating framework promoting sustainable corporate development.
Language: Английский
Citations
1
Finance research letters, Journal Year: 2024, Volume and Issue: unknown, P. 106132 - 106132
Published: Sept. 1, 2024
Language: Английский
Citations
4
Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 106828 - 106828
Published: Jan. 1, 2025
Citations
0
Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown
Published: Jan. 28, 2025
ABSTRACT Firms worldwide are strengthening environmental, social and governance (ESG) factors, indicating a bidirectional association between financial non‐financial performance. Understanding the ambiguity around predictors of firm's ESG performance, we attempt to reappraise ESG‐ firm performance (FP) linkage using firms indexed in NIFTY 100 index spanning 2014 2023. Our findings highlight that market forces significantly influence firms' performance; however, emerging economies, direct relationship FP appears be insignificant. Surprisingly, corporate positively moderates ESG–FP linkage, this association. Among four proxies for forces, Volatility Index (VIX) shows significant impact, where higher volatility is associated with improved lower corresponds weaker Conversely, World Uncertainty (WUI) exhibits negative significance, suggesting WUI adversely affects while has favourable effect. Green bonds have positive effect on overall dimensions; their environmental not significant, raising concerns about potential greenwashing trends. Strikingly, our indicate economy do consider systematic risk, investors' risk perceptions remain unchanged regardless whether over‐ or under‐invest initiatives. research calls greater attention policymakers by providing accurate reasonings firms.
Language: Английский
Citations
0
Emerging Markets Finance and Trade, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 27
Published: Feb. 11, 2025
Language: Английский
Citations
0