IDEAS home Printed from https://ideas.repec.org/a/eee/finana/v97y2025ics1057521924008202.html
   My bibliography  Save this article

Does executive gender diversity culture inhibit corporate greenwashing behavior? The effect of informal institutions

Author

Listed:
  • Nepal, Rabindra
  • Deng, Youyi
  • Dong, Kangyin
  • Goutte, Stéphane

Abstract

When the issues of gender equality and environmental protection become hot topics in society, exploring the influence of corporate gender diversity culture on corporate greenwashing can satisfy societal demands and corporate development. This paper examines the impact of corporate executive gender diversity culture (CEGDC) on corporate greenwashing based on 833 listed Chinese companies covering 2010–2020. Besides, considering the importance of informal institutions and green innovation behavior on enterprise development and construction, we further explore the mediating role of both, thus deepening the research on corporate informal institutions and green innovation. The results show that, first, CEGDC can reduce corporate greenwashing, and these findings remain valid even after robustness tests using the instrumental variable method. Second, informal institutions and green innovation behaviors play an important role in reducing corporate greenwashing. Specifically, female executives can reduce corporate greenwashing behaviors by enhancing executives' green cognition and promoting green innovation. Finally, the heterogeneity study found that when faced with strict external environmental regulation, the CEGDC can play a more obvious effect. In addition, CEGDC has mainly decreased greenwashing in corporations with small-sized and higher loan capacities.

Suggested Citation

  • Nepal, Rabindra & Deng, Youyi & Dong, Kangyin & Goutte, Stéphane, 2025. "Does executive gender diversity culture inhibit corporate greenwashing behavior? The effect of informal institutions," International Review of Financial Analysis, Elsevier, vol. 97(C).
  • Handle: RePEc:eee:finana:v:97:y:2025:i:c:s1057521924008202
    DOI: 10.1016/j.irfa.2024.103888
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1057521924008202
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.irfa.2024.103888?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    CEGDC; Corporate greenwashing; Informal institutions; Green innovation behaviors;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:97:y:2025:i:c:s1057521924008202. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.