环境监管能否抑制企业的“漂绿”行为？新环境保护法实施的证据

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-04-25 DOI:10.1016/j.frl.2025.107476

Yue Li , Zhongwen Deng

{"title":"环境监管能否抑制企业的“漂绿”行为？新环境保护法实施的证据","authors":"Yue Li , Zhongwen Deng","doi":"10.1016/j.frl.2025.107476","DOIUrl":null,"url":null,"abstract":"<div><div>This research examines, conceptually and empirically, the impact of environmental regulation on corporate greenwashing. This research utilizes the New Environmental Protection Law as a natural experiment to investigate the causal relationship between environmental legislation and corporate greenwashing actions from 2009 to 2023. The results suggest that implementing the new Environmental Protection Law can deter corporate greenwashing by promoting total factor productivity and improving internal management capabilities.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"81 ","pages":"Article 107476"},"PeriodicalIF":7.4000,"publicationDate":"2025-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Can environmental regulation inhibit enterprises` greenwashing? Evidence from implementing the New Environment Protection Law\",\"authors\":\"Yue Li , Zhongwen Deng\",\"doi\":\"10.1016/j.frl.2025.107476\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This research examines, conceptually and empirically, the impact of environmental regulation on corporate greenwashing. This research utilizes the New Environmental Protection Law as a natural experiment to investigate the causal relationship between environmental legislation and corporate greenwashing actions from 2009 to 2023. The results suggest that implementing the new Environmental Protection Law can deter corporate greenwashing by promoting total factor productivity and improving internal management capabilities.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"81 \",\"pages\":\"Article 107476\"},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2025-04-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325007354\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325007354","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

本研究从概念上和经验上考察了环境监管对企业“漂绿”的影响。本研究以新《环境保护法》为自然实验，考察2009 - 2023年环境立法与企业“漂绿”行为之间的因果关系。结果表明，实施新《环境保护法》可以通过提高全要素生产率和提高企业内部管理能力来遏制企业“漂绿”。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Can environmental regulation inhibit enterprises` greenwashing? Evidence from implementing the New Environment Protection Law

This research examines, conceptually and empirically, the impact of environmental regulation on corporate greenwashing. This research utilizes the New Environmental Protection Law as a natural experiment to investigate the causal relationship between environmental legislation and corporate greenwashing actions from 2009 to 2023. The results suggest that implementing the new Environmental Protection Law can deter corporate greenwashing by promoting total factor productivity and improving internal management capabilities.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance