The impact of bank fintech on ESG greenwashing

Zhuang Liu and Xingyi Li

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: This study examines how bank fintech influences ESG greenwashing using a sample of banks and firms in China from 2011 to 2022, finding that bank fintech can reduce ESG greenwashing and confirming the robustness of the results. Mechanism tests demonstrate that bank fintech reduces ESG greenwashing by reducing financial constraints and information asymmetry. Heterogeneity tests demonstrate that this relationship is especially strong for firms in high-polluting industries and firms without bank shares or state ownership. This paper provides empirical evidence of bank fintech's value in reducing ESG greenwashing.

Keywords: ESG greenwashing; Bank fintech; Financial constraints; Information asymmetry (search for similar items in EconPapers)
JEL-codes: G21 G34 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324002290
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002290

DOI: 10.1016/j.frl.2024.105199

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().