International Review of Financial Analysis, Год журнала: 2025, Номер unknown, С. 104202 - 104202
Опубликована: Март 1, 2025
Язык: Английский
International Review of Economics & Finance, Год журнала: 2024, Номер 93, С. 742 - 755
Опубликована: Май 3, 2024
Язык: Английский
Процитировано
8
Sustainability Accounting Management and Policy Journal, Год журнала: 2025, Номер unknown
Опубликована: Янв. 21, 2025
Purpose This paper aims to unveil the greenwashing intention of green bonds issuing in Chinese enterprises through lens stock pricing efficiency. Design/methodology/approach Drawing on data listed companies during 2012–2021, this study uses a difference-in-differences method how and what mechanisms impacts Findings Issuing lowers efficiency, verifying China. Potential underlie increased investor attention sentiment resulting from information disclosures about corporate low-carbon development. issue is more pronounced firms facing lower financing constraints, having stronger relations with government, located highly marketized regions. In context uncertainty surrounding economic policies, especially trade can signal weakening effect. Practical implications The quality disclosure should be emphasized ensure substantive commitment environmental responsibility signaled by bond issuance, thereby mitigating concerns. Social Regulators standard-setters improve issuance system for promote sustainable development market formulating unified certification criteria implementing stringently periodic reporting system. Originality/value First, best authors’ knowledge, it first draw perspective efficiency identify whether engage greenwashing. Second, uncovers black-box underlying examines further moderating role policy uncertainties.
Язык: Английский
Процитировано
1
Managerial and Decision Economics, Год журнала: 2024, Номер 45(6), С. 4191 - 4207
Опубликована: Май 15, 2024
Abstract This study investigates the relationship between climate policy uncertainty and corporate greenwashing behavior using data from Chinese A‐share listed companies 2009 to 2021. The results indicate that increasing significantly robustly strengthens behavior, particularly among firms located in regions with weaker environmental regulations, within high‐polluting industries shorter‐term management perspectives. Additionally, development widespread adoption of digital technologies, along enhanced external regulatory pressures, can inversely moderate positive greenwashing. In summary, this contributes our understanding under risks provides insights for achieving social sustainability.
Язык: Английский
Процитировано
7
Business Strategy and the Environment, Год журнала: 2024, Номер unknown
Опубликована: Июнь 7, 2024
Abstract Greenwashing has become an important strategy for enterprises to cope with the intense pressure on environmental sustainability and gain legitimacy. Digital transformation impact enterprise decision‐making management. Based panel data of Chinese A‐share listed from 2011 2021, we empirically examine relationship between digital greenwashing using a fixed‐effects model. The results show that can significantly inhibit behavior. Second, exhibits heterogeneous effects at regional, industry, firm levels. Furthermore, suppresses by alleviating financing constraints, improving information transparency, enhancing internal control. In addition, also find there is effective boundary greenwashing. Specifically, exerts mitigating when level lower than 10.2163 or higher 15.7763. Our findings provide references managers policy makers understand its
Язык: Английский
Процитировано
7
Journal of Environmental Management, Год журнала: 2024, Номер 359, С. 121006 - 121006
Опубликована: Май 1, 2024
Язык: Английский
Процитировано
6
Journal of Cleaner Production, Год журнала: 2024, Номер 466, С. 142825 - 142825
Опубликована: Июнь 10, 2024
Язык: Английский
Процитировано
6
Sustainability, Год журнала: 2024, Номер 16(16), С. 6993 - 6993
Опубликована: Авг. 15, 2024
Digitalization has significantly transformed businesses in the 21st century, but there are gaps understanding how it affects human resource management and organizational culture SMEs Lima, Peru. This study aims to fill this gap by analyzing influence of digital transformation, competencies, HR on Lima these factors contribute sustainability. Using a quantitative approach structural equation modeling (SEM), 307 business leaders were surveyed between January March 2024. The results show that transformation competencies management, which positively impacts promotes sustainable practices. Additionally, was found mediates relationship culture, as well culture. It is crucial invest technologies foster improve promote In conclusion, digitalization redefines reinforces sustainability, especially Peru, providing new scientific value demonstrating mechanisms change.
Язык: Английский
Процитировано
5
International Journal of Emerging Markets, Год журнала: 2025, Номер unknown
Опубликована: Янв. 29, 2025
Purpose The purpose of this study is to examine the impact customers' environmental concern on corporate green innovation and its underlying mechanisms. Design/methodology/approach This empirically examines customer using 967 company-customer-year observations Chinese A-share listed companies over period 2012–2022. Findings empirical results show that significantly enhances innovation. Furthermore, executive awareness research development (R&D) investment play a partial mediating role in relationship. heterogeneity analysis reveals state-owned customers, customers located same province with intellectual property model cities contribute strengthening Moreover, performance shows can increase financial sustainable performance. Originality/value innovatively proposes measure In addition, also some insights for policymakers.
Язык: Английский
Процитировано
0
International Journal of Bank Marketing, Год журнала: 2025, Номер unknown
Опубликована: Фев. 14, 2025
Purpose In the context of macroeconomic fluctuations and uncertainty in policy changes, it is essential to understand how companies adapt their environmental strategies marketing tactics ensure survival growth. This study, therefore, examines impact perceived economic on corporate greenwashing. Design/methodology/approach Based panel data from listed Chinese A-share market between 2013 2022, this paper employs a high-dimensional fixed effects model explore (PEPU) greenwashing behavior. Findings The results show that higher PEPU increases greenwashing, with agency costs investor sentiment mediating relationship. Corporate credit availability managerial short-sightedness positively moderate effect. Heterogeneity analysis reveals non-state-owned enterprises central western regions, particularly those weak regulation high pollution, are most impacted by PEPU. Practical implications provides practical guidance for avoid phenomenon green reshuffle policies encourages take more real effective protection measures. Originality/value These findings highlight importance considering responses when formulating policies. They provide valuable insights emerging economies fostering genuine behavior promoting sustainable development.
Язык: Английский
Процитировано
0
Business Process Management Journal, Год журнала: 2025, Номер unknown
Опубликована: Фев. 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.
Язык: Английский
Процитировано
0