Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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The mechanism of green finance on the greenwashing behavior of companies in high carbon industries: A heterogeneous environmental regulation perspective

Authors
Xin Miao1, Guiqing Li1, *, Jingyu Fu1, Meng Sun1, Yaqing Zhang1
1School of Management, Chengdu University of Information Technology, Chengdu, 610103, China
*Corresponding author. Email: e2001011@163.com
Corresponding Author
Guiqing Li
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_72How to use a DOI?
Keywords
Green finance; Heterogeneity; Environmental regulation; Greenwashing behavior; High-carbon industries
Abstract

From the perspective of the development level of green finance, this paper measures the greenwashing behavior of listed high-carbon enterprises based on their data from 2015–2018, and explores the impact of green finance on the greenwashing behavior of enterprises through the mediating effect model. The results of the study show that: there is an inverted U-shaped relationship between green finance and corporate greenwashing behavior, and command-and-control and market-incentive environmental regulations partially mediate the impact of green finance on corporate greenwashing behavior; public-influence environmental regulations do not mediate the impact of green finance on corporate greenwashing behavior. The role of public-influenced environmental regulation in the influence of green finance on corporate “greenwashing” behavior is not mediated.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_72How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xin Miao
AU  - Guiqing Li
AU  - Jingyu Fu
AU  - Meng Sun
AU  - Yaqing Zhang
PY  - 2022
DA  - 2022/12/27
TI  - The mechanism of green finance on the greenwashing behavior of companies in high carbon industries: A heterogeneous environmental regulation perspective
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 630
EP  - 639
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_72
DO  - 10.2991/978-94-6463-098-5_72
ID  - Miao2022
ER  -