Greenwashing and product market competition - Archive ouverte HAL
Article Dans Une Revue Finance Research Letters Année : 2021

Greenwashing and product market competition

Mohamed Arouri
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Sadok El Ghoul
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Mathieu Gomes
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Résumé

This study examines the relationship between corporate greenwashing and product market competition (PMC). Using an unbalanced panel of 324 US fi rms over the 2005-2015 period, we fi nd that the negative impact of PMC on greenwashing is conditional on the level of environmental costs. Our results suggest that PMC is an effective disciplinary mechanism for achieving economic efficiency --in the case of fi rms featuring a high level of environmental costs-- through an increase in the disclosure of reliable and material information.
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Dates et versions

hal-03106623 , version 1 (11-01-2021)

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  • HAL Id : hal-03106623 , version 1

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Mohamed Arouri, Sadok El Ghoul, Mathieu Gomes. Greenwashing and product market competition. Finance Research Letters, In press. ⟨hal-03106623⟩
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