How does green finance reform affect corporate ESG greenwashing behavior?

被引：4
作者：
Hu, Shi [1 ]
Chen, Peilin [2 ]
Zhang, Chunli [3 ]
机构：
[1] Leshan Normal Univ, Leshan 614000, Peoples R China
[2] China Univ Labor Relat, Beijing 100048, Peoples R China
[3] Shanghai Univ Finance & Econ, Sch Stat & Data Sci, Shanghai 200082, Peoples R China
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2025年 / 102卷
关键词：
Green finance reform; Greenwashing; Financing constraints; Internal control;
D O I：
10.1016/j.irfa.2025.104037
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study empirically analyzes the relationship between corporate environmental, social, and governance (ESG) greenwashing behaviors and green finance reform from 2011 to 2023, focusing on the 2017 Green Finance Reform and Innovation Pilot Zone. Findings suggest that green finance reform can promote corporate ESG greenwashing behaviors by increasing executive myopia and providing adequate financing. Further research indicates that the negative impact of green finance reform can be mitigated by implementing effective internal control management and developing regional digitization. This study alerts the government to the adverse consequences of green finance reform and offers valuable insights.
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页数：8
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