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Does fintech inhibit corporate greenwashing behavior?-Evidence from China

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Listed:
  • Xie, Jiayue
  • Chen, Lu
  • Liu, Yan
  • Wang, Shengnan

Abstract

Green ecology is not only important strategies for enterprises to gain competitive advantage, but also one of the key indicators to measure the high quality of economic development. Based on the perspective of information asymmetry and listed companies’ data from China, this paper examines the impact of fintech on corporate greenwashing behavior and the mediating role of financing constraints. We find that financial technology significantly inhibits corporate greenwashing behavior and financing constraints positively reinforce this inhibitory effect. The study provides practical implications for preventing corporate greenwash behavior and promoting the high-quality development of corporate green ecological civilization.

Suggested Citation

  • Xie, Jiayue & Chen, Lu & Liu, Yan & Wang, Shengnan, 2023. "Does fintech inhibit corporate greenwashing behavior?-Evidence from China," Finance Research Letters, Elsevier, vol. 55(PB).
    • Handle: RePEc:eee:finlet:v:55:y:2023:i:pb:s1544612323003744
    DOI: 10.1016/j.frl.2023.104002
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    References listed on IDEAS

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    Cited by:

    1. Wang, Yuxi & Hu, Fangjia & Wang, Yunyun, 2024. "Analyst coverage and greenwashing: Evidence from Chinese A-Share listed corporations," International Review of Economics & Finance, Elsevier, vol. 94(C).
    2. Pengyu Chen & Zhongzhu Chu, 2024. "Mere facade? Is greenwashing behaviour lower in low‐carbon corporates?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4162-4174, July.
    3. Lu, Zhenye & Lin, Yongjia & Li, You, 2023. "Does corporate engagement in digital transformation influence greenwashing? Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    4. Tian Luan, 2024. "A Review of Corporate Social Responsibility Decoupling and Its Impact: Evidence from China," Sustainability, MDPI, vol. 16(10), pages 1-17, May.
    5. Yin, Lei & Yang, Yuanyuan, 2024. "How does digital finance influence corporate greenwashing behavior?," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 359-373.
    6. Huang, Jiacheng & Ma, Li, 2024. "Substantive green innovation or symbolic green innovation: The impact of fintech on corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
    7. Liu, Zhuang & Li, Xingyi, 2024. "The impact of bank fintech on ESG greenwashing," Finance Research Letters, Elsevier, vol. 62(PB).

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