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The impact of bank fintech on ESG greenwashing

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  • Liu, Zhuang
  • Li, Xingyi

Abstract

This study examines how bank fintech influences ESG greenwashing using a sample of banks and firms in China from 2011 to 2022, finding that bank fintech can reduce ESG greenwashing and confirming the robustness of the results. Mechanism tests demonstrate that bank fintech reduces ESG greenwashing by reducing financial constraints and information asymmetry. Heterogeneity tests demonstrate that this relationship is especially strong for firms in high-polluting industries and firms without bank shares or state ownership. This paper provides empirical evidence of bank fintech's value in reducing ESG greenwashing.

Suggested Citation

  • Liu, Zhuang & Li, Xingyi, 2024. "The impact of bank fintech on ESG greenwashing," Finance Research Letters, Elsevier, vol. 62(PB).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002290
    DOI: 10.1016/j.frl.2024.105199
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    References listed on IDEAS

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    Cited by:

    1. Arnone, Massimo & Leogrande, Angelo, 2024. "The Sustainability of the Factoring Chain in Europe in the Light of the Integration of ESG Factors," MPRA Paper 121342, University Library of Munich, Germany.
    2. 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.

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    More about this item

    Keywords

    ESG greenwashing; Bank fintech; Financial constraints; Information asymmetry;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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