Do Auditors Applaud Corporate Environmental Performance? Evidence from China

Du, Xingqiang; Jian, Wei; Zeng, Qing; Chang, Yajie

doi:10.1007/s10551-016-3223-6

Cited by 55 publications

(43 citation statements)

References 69 publications

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“…Dahl (2010) suggested that greenwashing is not just a marketing ethic. Perceived greenwashing not only has a negative effect on a company's base channel (Davis, 1992;Du et al, 2018), but green marketing is a market with significant effects. Most recently, Wang et al (2019) demonstrated the relationship between greenwashing perception of the entire industry and purchase intention of green products from other brands is negatively moderated by brand attitudes towards other brands in the industry.…”

Section: Introductionmentioning

confidence: 99%

“…Although previous work has paid attention to issues relevant to greenwashing, few studies to date have focused on greenwashing in MNCs in developing markets, particularly in Asia. The studies of Zhu et al (2008), Du (2015) and Sun and Zhang (2019) in case of China and Nelson and Robertson (2010) in case of Brazil are typical examples, while almost all other studies have been conducted in Europe or North America. Therefore, this paper attempts to answer the following research questions: 1) What are the conceptual definitions of greenwashing and their evolution over time?…”

Section: Introductionmentioning

confidence: 99%

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Greenwashing Behaviours: Causes, Taxonomy and Consequences Based on a Systematic Literature Review

Yang

Nguyen

et al. 2020

Journal of Business Economics and Management

118

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This study used the systematic review methodology to examine peer-reviewed journal articles published in the Web of Science, ScienceDirect, Springer and Emerald Insight during the 2000–2020 period to analyse greenwashing. In an open market, the behaviours of state-owned enterprises (SOEs), private firms and multinational corporations (MNCs) pose an implicit greenwashing threat. Our focal point is to analyse corporate greenwashing in MNCs in host emerging markets, particularly in Asia, for two reasons. First, reports of greenwashing have increased around the world since Volkswagen was revealed to have falsified automobile emissions data. Second, MNCs play an important role in expanding market size and their behaviour is increasingly unpredictable. The analysis shows that MNCs tend to engage in greenwashing immediately after doing business in host emerging markets characterised by restricted regulations, clear market opportunities and low competitive pressure. When greenwashing occurs, it will harm the interests of not only consumers, but also society as a whole, despite offering significant benefits to existing stakeholders. In this case, the authorities should implement regulations to confront MNCs before attracting them, which should be enforced in practice.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Greenwashing Behaviours: Causes, Taxonomy and Consequences Based on a Systematic Literature Review

Yang

Nguyen

et al. 2020

Journal of Business Economics and Management

118

View full text Add to dashboard Cite

show abstract

“…However, empirical analyses performed to test whether firms with a high CSR disclosure quality obtain a lower or higher capital cost may not obtain accurate results, because companies with a higher CSR disclosure quality may not necessarily have a better CSR performance. Existing research has found that there is a gap between CSR performance and CSR disclosure quality, because some companies with a lower CSR performance will make a high-quality CSR disclosure for CSR-washing or green-washing [46][47][48]. Second, for the measurement of CSR performance constructs, some studies choose RKS scores while others choose HX scores; however, it is not reasonable that studies do not test the conclusions based on the simultaneous use of these two scores.…”

Section: Introductionmentioning

confidence: 99%

Do CSR Ratings Converge in China? A Comparison Between RKS and Hexun Scores

Zhong

Liao

et al. 2019

Sustainability

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Rankings (RKS) and Hexun are the two most widely used corporate social responsibility (CSR) ratings in research on CSR in China’s capital market. These scores are used as a proxy for CSR performance and disclosure quality. However, research is lacking on the validity of measuring CSR performance and disclosure quality, as well as the convergent validity between these scores. In this paper, a comparative and quantitative analysis was performed for the period 2010–2017, and the following results were obtained: (1) Based on a comparison of the rating methods, information sources, and other factors, RKS is more suitable for measuring the CSR disclosure quality, while Hexun is more suitable for measuring the CSR performance; (2) based on a Spearman correlation analysis, the convergent validity between these two scores is very low, particularly after 2013; and (3) the sub-indicator weights of the RKS system always maintain a high stability, whereas those of the Hexun system suffer from severe fluctuations starting in 2013.

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“…Du et al . () examine the relationship between CEP and institutional investors and demonstrate that the two are negatively correlated, and this correlation is strengthened by internal controls.…”

Section: Introductionmentioning

confidence: 99%

The IPO corporate social responsibility information disclosure: Does the stock market care?

Huang

Xiang

Liu

et al. 2019

Accounting & Finance

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We create textual information indices using corporate social responsibility (CSR) information extracted from IPO prospectuses in China. We use the indices to measure the issuers' corporate social performance (CSP) and corporate environmental performance (CEP) and assess how the stock market reacts. We find that CSP disclosure is significantly related to the post-market performance of the firm. Specifically, better CSP disclosure is correlated with higher post-IPO listing holding period returns among firms that do not disclose donations or environmental expenditures, although the association does not hold for firms that make donations and environmental expenditures. In addition, institutional investors seem to care more about the CEP information for a firm than the CSP information.

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Do Auditors Applaud Corporate Environmental Performance? Evidence from China

Cited by 55 publications

References 69 publications

Greenwashing Behaviours: Causes, Taxonomy and Consequences Based on a Systematic Literature Review

Greenwashing Behaviours: Causes, Taxonomy and Consequences Based on a Systematic Literature Review

Do CSR Ratings Converge in China? A Comparison Between RKS and Hexun Scores

The IPO corporate social responsibility information disclosure: Does the stock market care?

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