Economics at your fingertips  

Greenwashing and product market competition

Mohamed Arouri (), Sadok El Ghoul and Mathieu Gomes ()
Additional contact information
Mathieu Gomes: CleRMa - Clermont Recherche Management - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand - UCA - Université Clermont Auvergne

Post-Print from HAL

Abstract: This study examines the relationship between corporate greenwashing and product market competition (PMC). Using an unbalanced panel of 324 US fi rms over the 2005-2015 period, we fi nd that the negative impact of PMC on greenwashing is conditional on the level of environmental costs. Our results suggest that PMC is an effective disciplinary mechanism for achieving economic efficiency --in the case of fi rms featuring a high level of environmental costs-- through an increase in the disclosure of reliable and material information.

Keywords: Greenwashing; Product market competition; Environmental cost (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-com and nep-env
Note: View the original document on HAL open archive server:
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Finance Research Letters, Elsevier, In press

Downloads: (external link) (application/pdf)

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:

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2021-06-26
Handle: RePEc:hal:journl:hal-03106623