Curbing financial Greenwashing: Policy tools, legal mechanisms, and corporate responsibility for sustainable development

Dan Wu and Xiangbin Zuo

International Review of Economics & Finance, 2025, vol. 103, issue C

Abstract: This study examines the internal mechanisms underlying financial greenwashing and assesses the synergistic effects of policy instruments and legal frameworks in mitigating such behavior. The results indicate that enhancing regulatory oversight, optimizing incentive policies, and tightening information disclosure requirements effectively reduce financial greenwashing, while improvements to legal frameworks can further strengthen policy implementation. The combined use of policy instruments and legal mechanisms demonstrates significant efficacy in curbing financial greenwashing. Policymakers should therefore consider employing diverse policy instruments and emphasize coordination with legal frameworks.

Keywords: Financial greenwashing; Policy tools; Green finance; Financial regulation (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056025006434
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:reveco:v:103:y:2025:i:c:s1059056025006434

DOI: 10.1016/j.iref.2025.104480

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().