Research on Corporate Greenwashing Behavior: Drivers and Consequences
企業のグリーンウォッシング行動に関する研究：要因と結果 (AI 翻訳)
Jing Deng, Zhang Yaowu, Jinhang Deng
🤖 gxceed AI 要約
日本語
本研究は、中国家電業界の上場企業2014-2021年のデータを用いて、企業のグリーンウォッシングの要因と経済的結果を実証的に分析。企業規模や年数がグリーンウォッシングを促進する一方、国有企業は非国有企業より関与が少ない。グリーンウォッシングは財務・市場パフォーマンスを有意に低下させることが示された。
English
Using data from Chinese listed home appliance firms (2014-2021), this study empirically examines drivers and consequences of corporate greenwashing. Larger and older firms are more likely to greenwash, while state-owned enterprises are less prone. Greenwashing significantly reduces both financial and market performance, offering insights for regulators to improve ESG disclosure quality.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文は中国市場に焦点を当てているが、グリーンウォッシングは日本企業のESG開示においても重要な課題である。日本ではSSBJ基準や有報での非財務情報開示が進む中、虚偽・誇大な環境主張の防止は投資家保護の観点からも注目されており、本研究成果は日本の規制当局や実務家にとっても示唆に富む。
In the global GX context
Greenwashing undermines the credibility of ESG disclosures globally. This study contributes empirical evidence on firm-level drivers (size, age, ownership) and market consequences of greenwashing, relevant for regulators (SEC, ESMA, JFSA) and standard-setters (ISSB) seeking to enhance disclosure integrity and combat greenwashing.
👥 読者別の含意
🔬研究者:Provides empirical evidence on greenwashing drivers and consequences, relevant for disclosure research and corporate behavior studies.
🏢実務担当者:Highlights the financial and market performance risks of greenwashing, warning sustainability teams to avoid symbolic disclosures.
🏛政策担当者:Offers insights for designing anti-greenwashing regulations and improving ESG disclosure quality enforcement.
📄 Abstract（原文）
: With the advancement of sustainable development concepts, ESG (Environmental, Social and Governance) disclosure has become a key standard for measuring corporate social responsibility. However, some companies engage in “greenwashing” by exaggerating or selectively presenting information in order to create a false eco-friendly image, drawing widespread attention from regulators and academia. Based on data from listed companies in China’s home appliance industry from 2014 to 2021, this study explores the driving factors and economic consequences of corporate greenwashing. The empirical results show that strong size and age significantly promote greenwashing behavior, while SOEs are less likely to engage in greenwashing than non-SOEs. Further analysis reveals that greenwashing not only significantly reduces financial performance but also harms market performance. This research enriches the theoretical understanding of greenwashing, uncovering the underlying logic of how companies selectively adopt symbolic coping strategies when facing legitimate pressures and disclosure constraints. It also provides practical insights for regulators to refine ESG policies and improve the quality of environmental disclosure.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.25236/ajbm.2026.080114first seen 2026-07-18 08:29:01
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