Does environmental governance mitigate the detriment of greenwashing on innovation in China?

Chen, Lu; Ma, Yan; Feng, Gen-Fu; Chang, Chun-Ping

doi:10.1016/j.pacfin.2024.102450

Cited by 3 publications

References 55 publications

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ESG disclosures, green innovation, and greenwashing: All for sustainable development?

Ma,

Feng,

Yin

et al. 2024

Sustainable Development

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As stakeholder concerns about corporate sustainability intensify, greenwashing—where companies deceptively report their environmental performance for short‐term economic gain—poses a significant threat to long‐term sustainability, making it crucial to explore effective ways to curb this practice. Using data from 1,270 Chinese listed companies from 2009 to 2019, this study constructs two‐way fixed effects and moderating effects models to explore the crucial role of green innovation in curbing greenwashing. Green innovation not only reduces the incentives for greenwashing, but also makes a genuine contribution to environmental protection, thus promoting a “win‐win” scenario for both sustainability and corporate development. Moreover, the positive impact of green innovation on curbing greenwashing can be significantly amplified by easing financial constraints and enhancing firms’ risk‐taking capabilities to foster a stable financial environment, as well as by strengthening the governance structure through increased gender diversity and environmental background among managers. Heterogeneity tests show that this pathway is particularly effective in companies with heavy pollution and higher economic performance. The research findings help to formulate more effective management strategies and incentive mechanisms to reduce greenwashing and achieve sustainable development.

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ESG disclosures, green innovation, and greenwashing: All for sustainable development?

Ma,

Feng,

Yin

et al. 2024

Sustainable Development

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Greenwashing prevention in environmental, social, and governance (ESG) disclosures: A bibliometric analysis

Sneideriene,

Legenzova

2025

Research in International Business and Finance

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The Influence of Greenwashing Methods on the Behavior of Environmentally Conscious Employees

Zournatzidou,

Ragazou,

Sklavos

et al. 2024

Advances in Human Resources Management and Organizational Development

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The objective of this chapter is to improve the conversation regarding greenwashing by employing a business model perspective. We argue that the business model literature has the potential to significantly improve current interpretations of greenwashing by linking talk-action discrepancies to the foundational company structure. Firms that intentionally disrupt the congruence between their commitments to stakeholders (i.e., the value proposition) and other components of their business models are referred to as “greenwashing.” Furthermore, we contend that the concept of greenwashing has the potential to improve the business model literature by emphasizing businesses that have defective business structures and fail to deliver on the value propositions they claim to offer their stakeholders. This study has the potential to influence future research on the relationship between greenwashing and deficient business architectures, as well as on the ways in which firms can enhance their stakeholder interactions by modifying their business models

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Does environmental governance mitigate the detriment of greenwashing on innovation in China?

Cited by 3 publications

References 55 publications

ESG disclosures, green innovation, and greenwashing: All for sustainable development?

ESG disclosures, green innovation, and greenwashing: All for sustainable development?

Greenwashing prevention in environmental, social, and governance (ESG) disclosures: A bibliometric analysis

The Influence of Greenwashing Methods on the Behavior of Environmentally Conscious Employees

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