Corporate greenwashing and green management indicators☆

Fernández, V

Keywords: bribery, family firms, Green management z -score, Greenwash, Political connections

Abstract

This article provides evidence on greenwashing practices and environment-friendly initiatives of more than 27,000 family and non-family firms across 41 countries. The statistical analysis reveals that family firms tend to engage less in greenwashing and demonstrate a stronger commitment to environment-friendly initiatives compared to their non-family counterparts. However, family control does not necessarily lead to improved business performance when general and green management practices are considered. Nonetheless, family businesses appear better positioned to leverage environment-friendly initiatives for enhanced performance outcomes. Further analysis indicates that bribery may reduce greenwashing in family firms, particularly in light industries. On the other hand, political connections have minimal influence on greenwashing practices, regardless of whether firms are family- or non-family-controlled. © 2025 The Author

Más información

Título según WOS: Corporate greenwashing and green management indicators☆
Título según SCOPUS: Corporate greenwashing and green management indicators
Título de la Revista: Environmental and Sustainability Indicators
Volumen: 26
Editorial: Elsevier B.V.
Fecha de publicación: 2025
Idioma: English
DOI:

10.1016/j.indic.2025.100599

Notas: ISI, SCOPUS