Does fintech inhibit corporate greenwashing behavior?-Evidence from China

Jiayue Xie, Lu Chen, Yan Liu and Shengnan Wang

Finance Research Letters, 2023, vol. 55, issue PB

Abstract: Green ecology is not only important strategies for enterprises to gain competitive advantage, but also one of the key indicators to measure the high quality of economic development. Based on the perspective of information asymmetry and listed companies’ data from China, this paper examines the impact of fintech on corporate greenwashing behavior and the mediating role of financing constraints. We find that financial technology significantly inhibits corporate greenwashing behavior and financing constraints positively reinforce this inhibitory effect. The study provides practical implications for preventing corporate greenwash behavior and promoting the high-quality development of corporate green ecological civilization.

Keywords: Fintech; Greenwashing; Prospect theory perspective; Financing constraints (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pb:s1544612323003744

DOI: 10.1016/j.frl.2023.104002

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