The mechanism of green finance on the greenwashing behavior of companies in high carbon industries: A heterogeneous environmental regulation perspective

Xin Miao (), Guiqing Li (), Jingyu Fu (), Meng Sun () and Yaqing Zhang ()
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Xin Miao: Chengdu University of Information Technology, School of Management
Guiqing Li: Chengdu University of Information Technology, School of Management
Jingyu Fu: Chengdu University of Information Technology, School of Management
Meng Sun: Chengdu University of Information Technology, School of Management
Yaqing Zhang: Chengdu University of Information Technology, School of Management

A chapter in Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), 2023, pp 630-639 from Springer

Abstract: Abstract From the perspective of the development level of green finance, this paper measures the greenwashing behavior of listed high-carbon enterprises based on their data from 2015–2018, and explores the impact of green finance on the greenwashing behavior of enterprises through the mediating effect model. The results of the study show that: there is an inverted U-shaped relationship between green finance and corporate greenwashing behavior, and command-and-control and market-incentive environmental regulations partially mediate the impact of green finance on corporate greenwashing behavior; public-influence environmental regulations do not mediate the impact of green finance on corporate greenwashing behavior. The role of public-influenced environmental regulation in the influence of green finance on corporate “greenwashing” behavior is not mediated.

Keywords: Green finance; Heterogeneity; Environmental regulation; Greenwashing behavior; High-carbon industries (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-098-5_72

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DOI: 10.2991/978-94-6463-098-5_72

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