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Institutional Investors' Site Visits and Corporate Greenwashing: Evidence From China

Linghong Chen et al.

Journal of International Financial Management and Accounting2025https://doi.org/10.1111/jifm.12237article
AJG 2ABDC A
Weight
0.57

Abstract

This study examines the impact of institutional investors' site visits (IISVs) on corporate greenwashing. Using listed companies' data from 2012 to 2020 in China, we find that the IISVs decrease corporate greenwashing, and the effect is more notable among subsamples with substantial tangible assets enterprises, weak governance environment firms, non‐SOEs, operating within highly competitive industries, and situated in regions with poor environmental regulations. Moreover, mechanism analysis reveals that IISVs mitigate corporate greenwashing by improving information acquisition, reducing financing constraints, and attracting media attention. Overall, this study enriches the research on the governance factors of greenwashing at the firm level and the consequences of IISVs.

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https://doi.org/https://doi.org/10.1111/jifm.12237

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@article{linghong2025,
  title        = {{Institutional Investors' Site Visits and Corporate Greenwashing: Evidence From China}},
  author       = {Linghong Chen et al.},
  journal      = {Journal of International Financial Management and Accounting},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/jifm.12237},
}

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Institutional Investors' Site Visits and Corporate Greenwashing: Evidence From China

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Evidence weight

0.57

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.57 × 0.4 = 0.23
M · momentum0.78 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.