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Media attention and corporate greenwashing behavior: Evidence from China

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  • Yue, Jun
  • Li, Yilin

Abstract

This study examines the impact of media attention on corporate green drift behavior and the mediating role of executive risk preferences in it. This study examines the green innovation of firms using A-share listed companies from 2011 to 2021 as the research sample. It is empirically tested that media attention significantly inhibits corporate greenwashing behavior, and executive risk preferences positively reinforce this inhibitory effect. The findings provide a new perspective for preventing corporate greenwash initiatives, which, together with a moderate increase in executive risk-taking, has practical implications for promoting the high-quality development of corporate green ecological civilization.

Suggested Citation

  • Yue, Jun & Li, Yilin, 2023. "Media attention and corporate greenwashing behavior: Evidence from China," Finance Research Letters, Elsevier, vol. 55(PB).
    • Handle: RePEc:eee:finlet:v:55:y:2023:i:pb:s1544612323003884
    DOI: 10.1016/j.frl.2023.104016
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    References listed on IDEAS

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    Cited by:

    1. 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).
    2. Jian Zhou & Xiaodong Lei & Jianglong Yu, 2024. "ESG rating divergence and corporate green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 2911-2930, May.
    3. 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.
    4. 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.
    5. Sun, Jianhua & Hou, Shaobo & Deng, Yuxia & Li, Huaicheng, 2024. "New media environment, green technological innovation and corporate productivity: Evidence from listed companies in China," Energy Economics, Elsevier, vol. 131(C).
    6. Li, Menghan & Chen, Qi, 2024. "Executive pay gap and corporate ESG greenwashing: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PA).

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