Bank fintech and corporate green transformation quality improvement: based on greenwashing governance perspective

Shuitu Qian, Zhenyu Yang and Xia Fang

Economic Analysis and Policy, 2025, vol. 87, issue C, 401-423

Abstract: Identifying and preventing greenwashing is a key pathway to enhancing the quality of corporate green transformation. This study examines the impact and mechanisms of bank fintech on corporate green transformation quality from the greenwashing governance perspective. By identifying the fintech patents of banks and the ESG performance of enterprises, we construct bank fintech and greenwashing indices. Using Chinese listed companies as samples from 2010 to 2022, we find that bank fintech can effectively inhibit corporate greenwashing, and the inhibitory effects are stronger for underlying technology-based bank fintech and nationwide bank fintech. Mechanism analysis reveals that bank fintech reduces corporate greenwashing by exerting resource allocation effects, behavioral supervision effects, and information screening effects, thereby reducing greenwashing from the perspectives of resource incentives and behavioral norms. Further analysis reveals that bank fintech has a stronger inhibitory effect on greenwashing in non-heavy polluting firms, firms with high levels of digitalization, and firms located in regions with strong digital economy and environmental protection policies. These findings provide valuable insights for promoting the digital transformation of commercial banks, assisting in greenwashing governance, and enhancing the quality of corporate green transition.

Keywords: Bank fintech; Green transformation; Greenwashing governance; Resource allocation; Information screening (search for similar items in EconPapers)
JEL-codes: G21 M21 Q56 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:87:y:2025:i:c:p:401-423

DOI: 10.1016/j.eap.2025.06.017

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