The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Greenwashing in environmental, social and governance disclosures
Abstract
Abstract The environmental, social, and governance (ESG) data provided in firms’ sustainability reports is often unaudited. If ESG information disclosed by firms is not reliable, a firm’s greenwashing behavior can be a barrier to integrating ESG factors into investment decisions. In this paper, we study mechanisms to lessen firms’ greenwashing behavior in ESG dimensions holistically. Firstly, we identify “greenwashers” as firms which seem very transparent and reveal large quantities of ESG data but perform poorly in ESG aspects. By creating peer-relative greenwashing scores for a cross-country dataset comprised by 1925 large-cap firms, we measure the extent to which large-cap firms engage in greenwashing. We find evidence that greenwashing behavior in ESG dimensions can be deterred by scrutiny from (a) independent directors, (b) institutional investors, (c) influential public interests via a less corrupted country system, and (d) being cross-listed. Our results suggest that the two firm-level governance factors are most effective at attenuating firms’ misleading disclosure relating to ESG dimensions.
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Cites
Delmas, M. A., & Burbano, V. C. (2011) · California Management Review · doi:10.1525/cmr.2011.54.1.64 · Cited by 3,441
Dhaliwal, D. S., Radhakrishnan, S., Tsang, A., & Yang, Y. G. (2012) · The Accounting Review · doi:10.2308/accr-10218 · Cited by 1,916
Greenwash: Corporate Environmental Disclosure under Threat of Audit
Lyon, T. P., & Maxwell, J. W. (2011) · Journal of Economics & Management Strategy · doi:10.1111/j.1530-9134.2010.00282.x · Cited by 1,569
Strategic environmental disclosure: Evidence from the DOE's voluntary greenhouse gas registry
Kim, E.-H., & Lyon, T. P. (2011) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2010.11.001 · Cited by 322
Cited by
Zhang, D. (2023) · Energy Economics · doi:10.1016/j.eneco.2023.106688 · Cited by 291
Sustainability challenges throughout the electric vehicle battery value chain
Jannesar Niri, A., Poelzer, G. A., Zhang, S. E., Rosenkranz, J., Pettersson, M., & Ghorbani, Y. (2024) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2023.114176 · Cited by 291
Gupta, J., Bai, X., Liverman, D. M., Rockström, J., Qin, D., Stewart-Koster, B., Rocha, J. C., Jacobson, L., Abrams, J. F., Andersen, L. S., et al. (2024) · The Lancet Planetary Health · doi:10.1016/s2542-5196(24)00042-1 · Cited by 197
Sneideriene, A., & Legenzova, R. (2025) · Research in International Business and Finance · doi:10.1016/j.ribaf.2024.102720 · Cited by 150
Achieving sustainable development goals through common-good HRM: Context, approach and practice
Aust, I., Cooke, F. L., Muller-Camen, M., & Wood, G. (2024) · German Journal of Human Resource Management: Zeitschrift für Personalforschung · doi:10.1177/23970022241240890 · Cited by 63
Metadata
- Authors
- Yu, E. P.-Y., Luu, B. V., & Chen, C. H.
- Venue
- Research in International Business and Finance
- Publisher
- Elsevier BV
- Published
- 2020-04
- Volume
- 52
- Pages
- 101192
- ISSN
- 0275-5319 (ISSN-L)
- OpenAlex
- W3003405602
- Cited by
- 1,119
- References
- 4
- FWCI
- 65.32
- Type
- journal article
- Language
- en
- Open access
- closed
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- Yu, E. P.-Y., Luu, B. V., & Chen, C. H. (2020). Greenwashing in environmental, social and governance disclosures. Research in International Business and Finance. https://doi.org/10.1016/j.ribaf.2020.101192
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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