Greenwashing, bank financial performance and the moderating role of gender diversity

Giuliana Birindelli, Helen Chiappini and Raja Nabeel-Ud-Din Jalal

Research in International Business and Finance, 2024, vol. 69, issue C

Abstract: Drawing on legitimacy and upper echelons theories, the study explores the impact of greenwashing on bank performance and whether women on boards play a moderating role in this relationship. Using a sample of European listed banks over the period 2013–2020, our findings show greenwashing has a negative effect on bank performance, yet female directors play a moderating role in this relationship. Overall, our research contributes to the emerging literature on the impact of greenwashing on corporate financial performance, shedding new light on the role played by board gender diversity. Our study, therefore, has significant implications for policymakers, regulators and banks.

Keywords: Banks; Greenwashing; Financial performance; Gender diversity; ESG; Corporate governance (search for similar items in EconPapers)
JEL-codes: G20 G21 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:69:y:2024:i:c:s0275531924000278

DOI: 10.1016/j.ribaf.2024.102235

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