Bank-firm relationships and corporate ESG greenwashing.
This study explores how bank-firm relationships and executives with banking backgrounds influence greenwashing among Chinese A-share listed firms, based on Institutional and Agency Theories. Firms with bank shareholding or banking-experienced executives show a higher propensity for greenwashing, dri...
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2025-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0324596 |
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| _version_ | 1849686313787195392 |
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| author | Hongyu Liu |
| author_facet | Hongyu Liu |
| author_sort | Hongyu Liu |
| collection | DOAJ |
| description | This study explores how bank-firm relationships and executives with banking backgrounds influence greenwashing among Chinese A-share listed firms, based on Institutional and Agency Theories. Firms with bank shareholding or banking-experienced executives show a higher propensity for greenwashing, driven by executive compensation structures tied to inflated ESG scores. Financialization amplifies symbolic ESG disclosures, while transparency reduces greenwashing. Heterogeneity analysis reveals that non-state-owned enterprises and firms in less financially developed regions are more affected. These findings highlight the need for robust governance and transparency to promote authentic ESG practices, offering insights into mitigating greenwashing in emerging markets. |
| format | Article |
| id | doaj-art-9d0678bf089c4e808c704a666638d581 |
| institution | DOAJ |
| issn | 1932-6203 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-9d0678bf089c4e808c704a666638d5812025-08-20T03:22:45ZengPublic Library of Science (PLoS)PLoS ONE1932-62032025-01-01206e032459610.1371/journal.pone.0324596Bank-firm relationships and corporate ESG greenwashing.Hongyu LiuThis study explores how bank-firm relationships and executives with banking backgrounds influence greenwashing among Chinese A-share listed firms, based on Institutional and Agency Theories. Firms with bank shareholding or banking-experienced executives show a higher propensity for greenwashing, driven by executive compensation structures tied to inflated ESG scores. Financialization amplifies symbolic ESG disclosures, while transparency reduces greenwashing. Heterogeneity analysis reveals that non-state-owned enterprises and firms in less financially developed regions are more affected. These findings highlight the need for robust governance and transparency to promote authentic ESG practices, offering insights into mitigating greenwashing in emerging markets.https://doi.org/10.1371/journal.pone.0324596 |
| spellingShingle | Hongyu Liu Bank-firm relationships and corporate ESG greenwashing. PLoS ONE |
| title | Bank-firm relationships and corporate ESG greenwashing. |
| title_full | Bank-firm relationships and corporate ESG greenwashing. |
| title_fullStr | Bank-firm relationships and corporate ESG greenwashing. |
| title_full_unstemmed | Bank-firm relationships and corporate ESG greenwashing. |
| title_short | Bank-firm relationships and corporate ESG greenwashing. |
| title_sort | bank firm relationships and corporate esg greenwashing |
| url | https://doi.org/10.1371/journal.pone.0324596 |
| work_keys_str_mv | AT hongyuliu bankfirmrelationshipsandcorporateesggreenwashing |