IF 9.7 1区 环境科学与生态学 Q1 ENGINEERING, ENVIRONMENTAL
Xuexin Liu, Chuanli Wang, Xiaoyong Wang
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引用次数: 0

摘要

以减少 "洗绿 "为目标的社会和环境责任的实质性参与,是企业增强市场力量、实现可持续发展的关键驱动力。本研究以 2009 年至 2021 年中国资本市场 A 股上市公司为样本,实证检验了 "洗绿 "对企业市场力的影响。研究结果如下:(1)"洗绿 "会显著降低企业的市场力量,这一结论通过一系列稳健性检验得到了证实;(2)机理检验表明,"洗绿 "会削弱企业的运营和营销渠道控制能力,从而削弱企业的市场力量;(3)异质性分析表明,环境法规会加剧 "洗绿 "对企业市场力量的负面影响,而更强的内部控制则会缓解这一影响。本研究从产品市场的角度研究了 "绿色清洗 "的经济后果。研究结果为影响企业市场力量的因素以及解决企业 "洗绿 "问题的方案和政策提供了启示。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Greenwashing and corporate market power
Substantial engagement in social and environmental responsibility, aimed at reducing greenwashing, is a key driver for corporations to strengthen their market power and achieve sustainable development. This study empirically tested the effect of greenwashing on corporate market power using a sample of A-share-listed companies in China’s capital market from 2009 to 2021. The following results were obtained: (1) Greenwashing significantly reduces corporate market power, a finding confirmed through a series of robustness tests; (2) Mechanistic tests revealed that greenwashing weakens corporate market power by diminishing operational and marketing channel control capabilities; and (3) Heterogeneity analysis indicated that environmental regulations exacerbate the negative effect of greenwashing on corporate market power, while stronger internal controls mitigate this effect. This study examines the economic consequences of greenwashing from a product market perspective. The findings offer insights into factors affecting corporate market power, as well as solutions and policies for addressing corporate greenwashing.
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来源期刊
Journal of Cleaner Production
Journal of Cleaner Production 环境科学-工程:环境
CiteScore
20.40
自引率
9.00%
发文量
4720
审稿时长
111 days
期刊介绍: The Journal of Cleaner Production is an international, transdisciplinary journal that addresses and discusses theoretical and practical Cleaner Production, Environmental, and Sustainability issues. It aims to help societies become more sustainable by focusing on the concept of 'Cleaner Production', which aims at preventing waste production and increasing efficiencies in energy, water, resources, and human capital use. The journal serves as a platform for corporations, governments, education institutions, regions, and societies to engage in discussions and research related to Cleaner Production, environmental, and sustainability practices.
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