Greenwashing and product market competition

被引：98

作者：

Arouri, Mohamed ^{[1
]}

El Ghoul, Sadok ^{[2
]}

Gomes, Mathieu ^{[3
]}

机构：

[1] Univ Cote dAzur, GRM, 24 Ave Diables Bleus, F-06300 Nice, France

[2] Univ Alberta, 8406 Rue Marie Anne Gaboury,91 St, Edmonton, AB T6C 4G9, Canada

[3] Univ Clermont Auvergne, CleRMa, 11 Bd Charles Gaulle, F-63000 Clermont Ferrand, France

来源：

FINANCE RESEARCH LETTERS | 2021年 / 42卷

关键词：

Greenwashing; Product market competition; Environmental cost; CORPORATE; RESPONSIBILITY; DISCLOSURE;

D O I：

10.1016/j.frl.2021.101927

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the relationship between corporate greenwashing and product market competition (PMC). Using an unbalanced panel of 324 US firms over the 2005-2015 period, we find 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 firms featuring a high level of environmental costs- through an increase in the disclosure of reliable and material information.

引用

页数：7