Can Industry‐Specific Information Disclosure Guidelines Alleviate Corporate Greenwashing?
業種別情報開示ガイドラインは企業のグリーンウォッシュを軽減できるか？ (AI 翻訳)
Chang Liu, Xinyu Wang, Anna Warchlewska, Liangliang Zhang, Xin Zhao
🤖 gxceed AI 要約
日本語
本研究は、2008年から2023年までの上海・深圳証券取引所上場企業を対象に、業種別情報開示ガイドライン（IIDGs）が企業のグリーンウォッシュに与える影響を検証した。段階的DIDモデルを用いた分析の結果、IIDGsの実施後、グリーンウォッシュが有意に減少することが示された。メカニズム分析では、アナリストの注目度向上と情報の不透明性低減が経路であることが示唆された。
English
This study examines the impact of industry-specific information disclosure guidelines (IIDGs) on corporate greenwashing using a sample of listed firms in China from 2008 to 2023. Employing a staggered DID model, it finds that greenwashing significantly decreases after IIDG implementation. Mechanism analyses suggest that increased analyst attention and reduced information opacity are key channels. The effect is stronger for firms with non-Big 4 auditors, non-polluting industries, and non-GRI adopters.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示基準の適用が進む中、業種別ガイドラインの有効性を示す本研究成果は、日本の開示制度設計や企業の開示実務に示唆を与える。特に、グリーンウォッシュ抑制における開示の厳格性の役割は、日本の有報や統合報告書の充実に参考となる。
In the global GX context
This study provides empirical evidence on the effectiveness of sector-specific disclosure regulation in curbing greenwashing, relevant to global discussions on ISSB standards and CSRD implementation. It highlights the importance of disclosure stringency and analyst scrutiny, offering insights for policymakers and standard-setters worldwide.
👥 読者別の含意
🔬研究者:Provides causal evidence on the impact of disclosure guidelines on greenwashing, useful for future research on disclosure regulation and ESG.
🏢実務担当者:Highlights the importance of adhering to industry-specific disclosure guidelines to mitigate greenwashing risks and enhance credibility.
🏛政策担当者:Offers empirical support for the design of sector-specific disclosure regulations to improve corporate transparency and sustainability.
📄 Abstract（原文）
ABSTRACT This study explores how industry‐specific information disclosure guidelines (IIDGs) influence corporate greenwashing, using a sample of firms listed on the Shanghai and Shenzhen Stock Exchanges from 2008 to 2023. Drawing on insights from highly institutionalized ESG disclosure regimes, the study highlights the role of disclosure stringency in constraining greenwashing. Against this backdrop, the study examines whether sector‐specific disclosure regulation can effectively mitigate corporate greenwashing. Using the implementation of the IIDGs as an exogenous shock, we employ a staggered difference‐in‐differences (DID) model and find that corporate greenwashing is significantly reduced following the implementation of the IIDGs. A series of robustness checks confirm the reliability of the results, including parallel trend tests, placebo tests, propensity score matching, and alternative model specifications. Mechanism analyses suggest that IIDGs mitigate corporate greenwashing by attracting greater analyst attention and reducing information opacity. The effect is more pronounced among firms audited by non‐Big 4 auditors, firms in non‐polluting industries, and firms that do not adopt the Global Reporting Initiative (GRI) framework. This study demonstrates the significant role of IIDGs in mitigating corporate greenwashing, and provides empirical evidence for optimizing disclosure frameworks and promoting sustainable governance.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.1002/csr.70873first seen 2026-08-16 06:03:40
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。