Опубликована: Янв. 1, 2024
Язык: Английский
Journal of Cleaner Production, Год журнала: 2024, Номер 467, С. 142953 - 142953
Опубликована: Июнь 19, 2024
Язык: Английский
Процитировано
16
Journal of Environmental Management, Год журнала: 2024, Номер 370, С. 122955 - 122955
Опубликована: Окт. 17, 2024
Язык: Английский
Процитировано
11
Research in International Business and Finance, Год журнала: 2025, Номер unknown, С. 102817 - 102817
Опубликована: Фев. 1, 2025
Язык: Английский
Процитировано
1
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
1
Pacific-Basin Finance Journal, Год журнала: 2025, Номер unknown, С. 102724 - 102724
Опубликована: Фев. 1, 2025
Язык: Английский
Процитировано
1
Sustainability, Год журнала: 2025, Номер 17(6), С. 2750 - 2750
Опубликована: Март 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.
Язык: Английский
Процитировано
1
Finance research letters, Год журнала: 2024, Номер unknown, С. 106132 - 106132
Опубликована: Сен. 1, 2024
Язык: Английский
Процитировано
5
Finance research letters, Год журнала: 2025, Номер unknown, С. 106828 - 106828
Опубликована: Янв. 1, 2025
Процитировано
0
Business Strategy and the Environment, Год журнала: 2025, Номер unknown
Опубликована: Янв. 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.
Язык: Английский
Процитировано
0
Emerging Markets Finance and Trade, Год журнала: 2025, Номер unknown, С. 1 - 27
Опубликована: Фев. 11, 2025
Язык: Английский
Процитировано
0