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Greenwashing and product market competition

Authors
  • Arouri, Mohamed
  • El Ghoul, Sadok
  • GOMES, MATHIEU
Publication Date
Jan 01, 2021
Source
HAL-SHS
Keywords
Language
English
License
Unknown
External links

Abstract

This study examines the relationship between corporate greenwashing and product market competition (PMC). Using an unbalanced panel of 324 US firms over the 2005-2015 period, we find 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 firms featuring a high level of environmental costs-- through an increase in the disclosure of reliable and material information.

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