Greenwashing and ESG: Bibliometric analysis and future research agenda

IF 5.3 2区经济学 Q1 BUSINESS, FINANCE

Pacific-Basin Finance Journal Pub Date : 2025-06-16 DOI:10.1016/j.pacfin.2025.102846

Pritpal Singh Bhullar , Mahesh Joshi , Sharad Sharma , Amanpreet Kaur , Duc Phan

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引用次数: 0

Abstract

The current paper aims to explore key issues from a qualitative perspective to understand the determinants and potential impacts of greenwashing on ongoing ESG practices within the business community. The systematic literature review and bibliographic coupling analysis classify and examine research on ESG and greenwashing from 2017 to 2024. PRISMA framework was employed to scrutinise the relevant literature. VOSviewer and RStudio were employed to conduct thematic clustering, factorial analysis, and keyword citation analysis, leading to the identification of seven distinct research clusters. The study identifies key trends and emerging topics, offering valuable insights into lesser-known dimensions of greenwashing and ESG. The study emphasises capital market efficiency and the role of ESG disclosures in minimising information asymmetry and mispricing in equity markets. The study suggests enabling ESG auditing as a mechanism to address greenwashing, with a focus on improving transparency and accountability.

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洗绿与ESG：文献计量分析与未来研究议程

本文旨在从定性角度探讨关键问题，以了解“漂绿”对商界正在进行的ESG实践的决定因素和潜在影响。系统的文献综述和文献耦合分析对2017 - 2024年ESG与“漂绿”研究进行了分类和检验。采用PRISMA框架对相关文献进行审查。利用VOSviewer和RStudio进行主题聚类、析因分析和关键词引用分析，最终确定了7个不同的研究聚类。该研究确定了主要趋势和新兴主题，为绿色清洗和ESG的鲜为人知的维度提供了有价值的见解。该研究强调了资本市场效率，以及ESG披露在最小化股票市场信息不对称和错误定价方面的作用。该研究建议将ESG审计作为一种解决“漂绿”问题的机制，重点是提高透明度和问责制。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Pacific-Basin Finance Journal BUSINESS, FINANCE-

CiteScore

6.80

自引率

6.50%

发文量

157

期刊介绍： The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.