Decoupling; Greenwashing; Greenwashing measures; Selective disclosure; Systematic literature review; Corporates; Critical analysis; Decouplings; Empirical studies; Greenwashing measure; Environmental Engineering; Waste Management and Disposal; Management, Monitoring, Policy and Law
Résumé :
[en] In this systematic methodological literature review, we provide an overview, a typology, and a critical analysis of firm-level greenwashing measures derived from secondary data and utilized in empirical studies. 111 eligible studies were incorporated in this review. The high number of recently published studies in the field signals that in addition to conceptualizing greenwashing, lately there has been significant advancement in its operationalization. In slightly more than half of the cases, researchers adopt a broader perspective, with the greenwashing measure covering environmental, social, and corporate governance dimensions as well. Greenwashing measures tend to focus on two aspects of the multifaceted phenomenon: selective disclosure and decoupling. At present, measures of decoupling are more widely used than the measures of selective disclosure. Decoupling measures capture symbolic and substantive corporate actions using diverse data. Typically, the ESG disclosure score, selected ESG data points, or the content of corporate releases are used for evaluating corporate communication, while ESG ratings and selected environmental actions or performance measures are used for assessing corporate actions. Most greenwashing measures are hypothetical; researchers develop a measure which suggests possible greenwashing incidents. Although greenwashing measures based on actual incidents are scant, it might be a promising new research direction, especially when supported by artificial intelligence. The insights from this systematic literature review might serve as an input for selecting or developing the most appropriate greenwashing measurement approach in future empirical research on greenwashing.
Précision sur le type de document :
Compte rendu
Disciplines :
Gestion de l’entreprise, entrepreneuriat & théorie des organisations
Auteur, co-auteur :
Lublóy, Ágnes ; Department of Accounting and Finance, Stockholm School of Economics in Riga, Strēlnieku iela 4a, Rīga, LV-1010, Latvia. Electronic address: agnes.lubloy@sseriga.edu
Keresztúri, Judit Lilla ; Institute of Finance, Corvinus University of Budapest, Fővám tér 8, Budapest, 1093, Hungary. Electronic address: lilla.kereszturi@uni-corvinus.hu
BERLINGER, Edina ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Finance (DF)
Co-auteurs externes :
no
Langue du document :
Anglais
Titre :
Quantifying firm-level greenwashing: A systematic literature review.
This research was funded by the National Research, Development and Innovation Office - NKFIH, K-138826. Edina Berlinger acknowledges support from the Chair and Research Program in Sustainable Finance at the University of Luxembourg, sponsored by the Ministry of the Environment, Climate and Sustainable Development.
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