The Impact of Digital Finance on Corporate Greenwashing: An Analysis from the Perspective of Corporate Financialization*
デジタルファイナンスが企業のグリーンウォッシュに与える影響：企業の金融化の観点からの分析 (AI 翻訳)
Jinxian Wang, Jialong Fu, Weizhen Hu
🤖 gxceed AI 要約
日本語
本論文は、2011年から2020年の中国A株上場企業のパネルデータを用い、デジタルファイナンスが企業のグリーンウォッシュ行動に与える影響とその伝達メカニズムを検証した。結果、デジタルファイナンスはグリーンウォッシュを促進し、特に非国有企業、赤字企業、競争の激しい市場、情報透明性の低い企業で顕著である。メカニズムとして、企業の金融化と資金調達制約が特定され、前者の影響が大きい。この結果は、デジタルファイナンスを環境保護プロジェクトへの資金再配分に導く必要性を示唆する。
English
Using a panel dataset of Chinese A-share listed companies from 2011 to 2020, this paper examines the impact of digital finance on corporate greenwashing. The findings show a positive relationship, especially in non-state-owned, loss-making, highly competitive, and less transparent firms. The mechanisms are corporate financialization and financing constraints, with financialization having a larger effect. The study suggests guiding digital finance toward environmental projects.
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
日本のSSBJや有報におけるグリーンウォッシュ規制強化に関連。デジタルファイナンスの普及が企業の開示行動に与える影響を示唆。
In the global GX context
This paper contributes to the global discourse on greenwashing under ISSB/CSRD by identifying digital finance as a driver. It highlights the need for regulators to monitor the interplay between fintech and corporate disclosure integrity.
👥 読者別の含意
🔬研究者:Researchers can use this study to explore the digital determinants of greenwashing and the role of financialization.
🏢実務担当者:Corporate sustainability teams should be aware that digital finance adoption may increase greenwashing risks, especially in less transparent environments.
🏛政策担当者:Policymakers should consider regulating digital finance to prevent its misuse for greenwashing, aligning with disclosure standards.
📄 Abstract（原文）
Recent research has increasingly focused on how digital finance influences corporate greenwashing. Leveraging a panel dataset of Chinese A‐share listed companies from 2011 to 2020, this paper investigates the impact and transmission mechanisms of digital finance on corporate greenwashing behavior. Our findings reveal a positive relationship between digital finance and greenwashing. This effect is particularly pronounced in non‐state‐owned enterprises, loss‐making enterprises, companies operating in highly competitive markets, and those with weaker information transparency. Regarding the underlying mechanism, we identify financialization and financing constraints as the pathways through which digital finance operates to influence corporate greenwashing, with the former imposing a larger effect. These findings underscore the need to guide the utilization of digital finance toward reallocating resources from financialization to environmental protection projects, thereby fostering long‐term sustainable development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1111/ajfs.70053first seen 2026-06-12 06:03:09
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