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Liliana Gelabert

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Liliana Gelabert & Xavier Labandeira & Pedro Linares, 2011. "Renewable Energy and Electricity Prices in Spain," Working Papers 01-2011, Economics for Energy.

    Cited by:

    1. Proença, Sara & St. Aubyn, Miguel, 2013. "Hybrid modeling to support energy-climate policy: Effects of feed-in tariffs to promote renewable energy in Portugal," Energy Economics, Elsevier, vol. 38(C), pages 176-185.
    2. Moreno, Fermín & Martínez-Val, José M., 2011. "Collateral effects of renewable energies deployment in Spain: Impact on thermal power plants performance and management," Energy Policy, Elsevier, vol. 39(10), pages 6561-6574, October.
    3. Dillig, Marius & Jung, Manuel & Karl, Jürgen, 2016. "The impact of renewables on electricity prices in Germany – An estimation based on historic spot prices in the years 2011–2013," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 7-15.

  2. Berrone, Pascual & Gelabert, Liliana & Fosfuri, Andrea, 2009. "The impact of symbolic and substantive actions on environmental legitimacy," IESE Research Papers D/778, IESE Business School.

    Cited by:

    1. Richard M. Crossley & Mohamed H. Elmagrhi & Collins G. Ntim, 2021. "Sustainability and legitimacy theory: The case of sustainable social and environmental practices of small and medium‐sized enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3740-3762, December.
    2. Itziar Castelló & Michael Etter & Finn Årup Nielsen, 2016. "Strategies of Legitimacy Through Social Media: The Networked Strategy," Journal of Management Studies, Wiley Blackwell, vol. 53(3), pages 402-432, May.
    3. Truong, Yann & Berrone, Pascual, 2022. "Can environmental innovation be a conventional source of higher market valuation?," Journal of Business Research, Elsevier, vol. 142(C), pages 113-121.
    4. Palmer, Mark & Truong, Yann, 2017. "The Impact of Technological Green New Product Introductions on Firm Profitability," Ecological Economics, Elsevier, vol. 136(C), pages 86-93.
    5. Margarida Rodrigues & Mário Franco, 2020. "Measuring the urban sustainable development in cities through a Composite Index: The case of Portugal," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 507-520, July.
    6. Shuli Yang & Junwu Chai, 2022. "The Influence of Enterprises’ Green Marketing Behavior on Consumers’ Green Consumption Intention—Mediating Role and Moderating Role," Sustainability, MDPI, vol. 14(22), pages 1-20, November.
    7. Marian Siminica & Liviu Craciun & Adina Dinu, 2015. "The Impact of Corporate Sustainability Strategies on the Financial Performance of Romanian Companies in the Context of Green Marketing," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(40), pages 994-994, August.
    8. Jörn H. Block & Pramodita Sharma & Lena Benz, 2024. "Stakeholder Pressures and Decarbonization Strategies in Mittelstand Firms," Journal of Business Ethics, Springer, vol. 193(3), pages 511-533, September.
    9. Mignon Halderen & Mamta Bhatt & Guido A. J. M. Berens & Tom J. Brown & Cees Riel, 2016. "Managing Impressions in the Face of Rising Stakeholder Pressures: Examining Oil Companies’ Shifting Stances in the Climate Change Debate," Journal of Business Ethics, Springer, vol. 133(3), pages 567-582, February.
    10. Conti, Raffaele & Novelli, Elena, 2022. "Not all technologies are created equal for stakeholders: Constituency statutes, firm stakeholder orientation and investments in technology generality," Research Policy, Elsevier, vol. 51(3).
    11. Jakob Utgård, 2018. "Retail Chains’ Corporate Social Responsibility Communication," Journal of Business Ethics, Springer, vol. 147(2), pages 385-400, January.
    12. Luis Perez-Batres & Jonathan Doh & Van Miller & Michael Pisani, 2012. "Stakeholder Pressures as Determinants of CSR Strategic Choice: Why do Firms Choose Symbolic Versus Substantive Self-Regulatory Codes of Conduct?," Journal of Business Ethics, Springer, vol. 110(2), pages 157-172, October.
    13. Carmelo Cennamo & Pascual Berrone & Cristina Cruz & Luis R. Gomez–Mejia, 2012. "Socioemotional Wealth and Proactive Stakeholder Engagement: Why Family–Controlled Firms Care More about their Stakeholders," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1153-1173, November.
    14. Michelon, Giovanna & Pilonato, Silvia & Ricceri, Federica, 2015. "CSR reporting practices and the quality of disclosure: An empirical analysis," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 33(C), pages 59-78.
    15. Dirk C. Moosmayer & Yanyan Chen & Susannah M. Davis, 2019. "Deeds Not Words: A Cosmopolitan Perspective on the Influences of Corporate Sustainability and NGO Engagement on the Adoption of Sustainable Products in China," Journal of Business Ethics, Springer, vol. 158(1), pages 135-154, August.
    16. Nguyen Phong Nguyen & Samuel Adomako, 2021. "Environmental proactivity, competitive strategy, and market performance: The mediating role of environmental reputation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2008-2020, May.
    17. Niamh Brennan & Doris M. Merkl-Davies, 2011. "A conceptual framework of impression management: new insights from psychology, sociology, and critical perspectives," Open Access publications 10197/3924, Research Repository, University College Dublin.
    18. Le-hua Gao & Dongyang Cai & Yudi Zhao & Hongyi Yan, 2024. "A tripartite evolutionary game for marine economy green development with consumer participation," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(2), pages 4197-4228, February.
    19. Leonardo Boni & Laura Toschi & Riccardo Fini, 2021. "Investors’ Aspirations toward Social Impact: A Portfolio-Based Analysis," Sustainability, MDPI, vol. 13(9), pages 1-20, May.
    20. Taryn De Mendonca & Yan Zhou, 2019. "What does targeting ecological sustainability mean for company financial performance?," Business Strategy and the Environment, Wiley Blackwell, vol. 28(8), pages 1583-1593, December.
    21. Jianxin Li & Hao He & Hongshen Liu & Chenting Su, 2017. "Consumer Responses to Corporate Environmental Actions in China: An Environmental Legitimacy Perspective," Journal of Business Ethics, Springer, vol. 143(3), pages 589-602, July.
    22. Yuan Ma & Jing Wang & Yifan Bai, 2023. "Macro-Institutional Pressures and Firms’ Environmental Management Behavior: The Moderating Effect of Micro-Institutional Pressures," Sustainability, MDPI, vol. 15(4), pages 1-21, February.
    23. Lite J. Nartey & Witold J. Henisz & Sinziana Dorobantu, 2023. "Reciprocity in Firm–Stakeholder Dialog: Timeliness, Valence, Richness, and Topicality," Journal of Business Ethics, Springer, vol. 183(2), pages 429-451, March.
    24. Timo Busch & Bryan T. Stinchfield & Matthew S. Wood, 2011. "A Triptych Inquiry: Rethinking Sustainability, Innovation, and Financial Performance," Tinbergen Institute Discussion Papers 11-026/2/DSF 9, Tinbergen Institute.
    25. Ren, Shenggang & He, Duojun & Yan, Ji & Zeng, Huixiang & Tan, Justin, 2022. "Environmental labeling certification and corporate environmental innovation: The moderating role of corporate ownership and local government intervention," Journal of Business Research, Elsevier, vol. 140(C), pages 556-571.
    26. Obiamaka Adaeze Nwobu & Collins Ngwakwe & Akintola Owolabi & Kingsley Adeyemo, 2021. "An Assessment of Sustainability Disclosures in Oil and Gas Listed Companies in Nigeria," International Journal of Energy Economics and Policy, International Journal of Energy Economics and Policy, vol. 11(4), pages 352-361.

  3. Berrone, Pascual & Gelabert, Liliana & Fosfuri, Andrea & Gomez-Mejia, Luis R., 2007. "Can institutional forces create competitive advantage? An empirical examination of environmental innovation," IESE Research Papers D/723, IESE Business School.

    Cited by:

    1. Berrone, Pascual & Gelabert, Liliana & Fosfuri, Andrea, 2009. "The impact of symbolic and substantive actions on environmental legitimacy," IESE Research Papers D/778, IESE Business School.
    2. JS Keshminder & Pablo del Río, 2019. "The missing links? The indirect impacts of drivers on eco‐innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(5), pages 1100-1118, September.
    3. Tracy A. Jenkin, 2013. "Extending the 4I Organizational Learning Model: Information Sources, Foraging Processes and Tools," Administrative Sciences, MDPI, vol. 3(3), pages 1-14, August.
    4. Asadul Hoque & Muhammad Mohiuddin & Zhan Su, 2018. "Effects of Industrial Operations on Socio-Environmental and Public Health Degradation: Evidence from a Least Developing Country (LDC)," Sustainability, MDPI, vol. 10(11), pages 1-22, October.
    5. Mirjana GRÈIÆ FABIÆ & Zdravko ZEKIÆ & Luka SAMARIJA, 2016. "Implementation of management innovation a precondition for the development of local government effectiveness: evidence from Croatia," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2016(27), pages 7-29, Decembre.
    6. Lei Wang & Leonel Prieto & Kim T. Hinrichs, 2010. "Direct And Indirect Effects Of Individual And Environmental Factors On Motivation For Self-Employment," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 15(04), pages 481-502.
    7. Scott R. Colwell & Ashwin W. Joshi, 2013. "Corporate Ecological Responsiveness: Antecedent Effects of Institutional Pressure and Top Management Commitment and Their Impact on Organizational Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 22(2), pages 73-91, February.

Articles

  1. Pascual Berrone & Andrea Fosfuri & Liliana Gelabert, 2017. "Does Greenwashing Pay Off? Understanding the Relationship Between Environmental Actions and Environmental Legitimacy," Journal of Business Ethics, Springer, vol. 144(2), pages 363-379, August.

    Cited by:

    1. Feyyaz Zeren & Mesut Dogan & Serkan Eryilmaz, 2026. "Determinants of ESG‐Related Sustainability Uncertainty: Asymmetric Fourier Evidence From G7 Countries," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 33(1), pages 1479-1492, January.
    2. Lin Wang & Yuning Li & Huixiang Zeng, 2025. "The Impact of Green Finance on Enterprise Environmental Strategies: Source Prevention or End‐Of‐Pipe Treatment?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(4), pages 2583-2602, June.
    3. Yuanyuan Liu & Shun Fu & Guanchun Liu & Xin Huang, 2026. "Green Bond Issuance and Corporate Environmental Disclosure: Signaling or Greenwashing?," Journal of Business Ethics, Springer, vol. 204(4), pages 825-854, April.
    4. Yann Truong, 2026. "Rhetorical Legitimation and Institutional Change in the Food Distribution Industry: The Case of Farmers Markets," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 33(2), pages 2280-2294, March.
    5. Yun Dong Yeo, 2025. "Talk green, act brown: Transition risks and drilling investments of U.S. upstream oil and gas firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 1605-1617, March.
    6. Cao, June & Huang, Zijie & Shahid, Ahmad Usman, 2025. "Fostering environmental integrity via investor-focused communications: Private in-house meeting disclosures and greenwashing behaviors," Journal of Economic Behavior & Organization, Elsevier, vol. 232(C).
    7. Wu, Dan & Zuo, Xiangbin, 2025. "Curbing financial Greenwashing: Policy tools, legal mechanisms, and corporate responsibility for sustainable development," International Review of Economics & Finance, Elsevier, vol. 103(C).
    8. Zhe Ouyang & Xiaojiao Wang & Yang Liu, 2024. "The use of corporate social responsibility in response to product‐harm crisis: How do stock market reactions matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3081-3097, July.
    9. Li, Suyang & Qiao, Lu & Ren, Boru & Wang, Zilong, 2025. "Financing sustainability: Sustainable institutional investors and bank loan access," Journal of International Money and Finance, Elsevier, vol. 157(C).
    10. Darren Shannon & Jin Gong & Barry Sheehan, 2025. "Information Leakages in the Green Bond Market," Papers 2504.03311, arXiv.org.
    11. Li, Yunzhong & Zhao, Yu & Ye, Chengfang & Li, Xiaofan & Tao, Yunqing, 2024. "ESG ratings and the cost of equity capital in China," Energy Economics, Elsevier, vol. 136(C).
    12. Wang, Yuxi & Hu, Fangjia & Wang, Yunyun, 2024. "Analyst coverage and greenwashing: Evidence from Chinese A-Share listed corporations," International Review of Economics & Finance, Elsevier, vol. 94(C).
    13. Contreras-Pacheco, Orlando E. & Claasen, Cyrlene, 2017. "Fuzzy reporting as a way for a company to greenwash: perspectives from the Colombian reality," MPRA Paper 85472, University Library of Munich, Germany.
    14. Shijiao Chen & Jing A. Zhang & Hongzhi Gao & Zhilin Yang & Damien Mather, 2022. "Trust Erosion During Industry-Wide Crises: The Central Role of Consumer Legitimacy Judgement," Journal of Business Ethics, Springer, vol. 175(1), pages 95-116, January.
    15. Latansa Izzata Dien Elam & Martina Nardon, 2026. "Green Bond Market Development and Stock Market Reactions in Asia: A Descriptive and Event-Study Analysis," Working Papers 2026: 19, Department of Economics, University of Venice "Ca' Foscari".
    16. Truong, Yann & Berrone, Pascual, 2022. "Can environmental innovation be a conventional source of higher market valuation?," Journal of Business Research, Elsevier, vol. 142(C), pages 113-121.
    17. Jesus Valero‐Gil & Tiberio Daddi & Sabina Scarpellini & Luca Marrucci, 2024. "Determinants and benefits of over‐certification: A signaling theory perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 5984-5999, November.
    18. Wei Wang & Yuting Dong & Xianggang Huang & Xiao Sun & Dechao Ma, 2025. "Governance of greenwashing in product circulation: from the perspective of commercial bribery," Annals of Operations Research, Springer, vol. 350(3), pages 1253-1282, July.
    19. Yang, Yang & Jiang, Yan, 2023. "Does suppliers’ slack influence the relationship between buyers’ environmental orientation and green innovation?," Journal of Business Research, Elsevier, vol. 157(C).
    20. Jiang, Zhiqian & Xu, Yue & Fang, Mei & Tang, Ziling & Tao, Chunhua, 2023. "How does the bond market price corporate ESG engagement? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1406-1423.
    21. Peter Seele & Mario D. Schultz, 2022. "From Greenwashing to Machinewashing: A Model and Future Directions Derived from Reasoning by Analogy," Journal of Business Ethics, Springer, vol. 178(4), pages 1063-1089, July.
    22. Liao, Feimei & Sun, Yinghao & Xu, Shulin, 2023. "Financial report comment letters and greenwashing in environmental, social and governance disclosures: Evidence from China," Energy Economics, Elsevier, vol. 127(PB).
    23. Jingduan Li & Xuhui Peng & Jie Gao & Qingliang Tang, 2025. "Detecting Greenwashing Behaviour in Decarbonization Performance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(4), pages 3739-3762, December.
    24. Daniel Bladt & Guido van Capelleveen & Devrim Murat Yazan, 2024. "The influence of greenwashing practices on brand attitude: A multidimensional consumer analysis in Germany," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 597-625, February.
    25. Zhang, Dongyang & Wang, Jinli & Wang, Yizhi, 2023. "Greening through centralization of environmental monitoring?," Energy Economics, Elsevier, vol. 123(C).
    26. Fan Xia & Jiaying Chen & Xue Yang & Xiaoliang Li & Bing Zhang, 2023. "Financial constraints and corporate greenwashing strategies in China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1770-1781, July.
    27. Xueying Tian & Dingdong Shi, 2025. "Facilitating or Inhibiting: A Study on the Impact of Artificial Intelligence on Corporate Greenwashing," Sustainability, MDPI, vol. 17(5), pages 1-22, March.
    28. Mathieu Gomes & Sylvain Marsat & Jonathan Peillex & Guillaume Pijourlet, 2023. "Does religiosity influence corporate greenwashing behavior?," Papers 2312.14515, arXiv.org.
    29. Guangrui Liu & Hao Qian & Yong Shi & Deli Yuan & Ming Zhou, 2024. "How do firms react to capital market liberalization? Evidence from ESG reporting greenwashing," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4329-4344, September.
    30. Jiang, Na & Wu, Ge & Zou, Weiyong & Chen, Xiaodong, 2026. "Responsible use of artificial intelligence and the mitigation of corporate greenwashing: The role of executive oversight," Socio-Economic Planning Sciences, Elsevier, vol. 105(C).
    31. Shi, Daqian & Lu, Shan & Fang, Ziwei, 2024. "The effect of executive green human capital on greenwashing," Research in International Business and Finance, Elsevier, vol. 71(C).
    32. Xia, Bing & Ma, Qi & Pan, Yong Jun, 2025. "Design of sustainable performance targets: Mitigating greenwashing in sustainability-linked loans," Energy Economics, Elsevier, vol. 150(C).
    33. Galli, Davide & Torelli, Riccardo & Tibiletti, Veronica, 2021. "Signaling the Adoption of the Benefit Corporation Model: A Step towards Transparency," OSF Preprints ar28u, Center for Open Science.
    34. Tang, Ning & Xu, Xiaodong & Hsu, Yuan-Teng & Lin, Chih-Yung, 2024. "The impact of ESG distance on mergers and acquisitions," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    35. Zhang, Dongyang, 2023. "Does green finance really inhibit extreme hypocritical ESG risk? A greenwashing perspective exploration," Energy Economics, Elsevier, vol. 121(C).
    36. Zhou, Min & Govindan, Kannan & Xie, Xiongbiao & Yan, Liang, 2021. "How to drive green innovation in China's mining enterprises? Under the perspective of environmental legitimacy and green absorptive capacity," Resources Policy, Elsevier, vol. 72(C).
    37. Danielle Galliano & Simon Nadel & Pierre Triboulet, 2023. "The geography of environmental innovation: a rural/urban comparison," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(1), pages 27-59, August.
    38. Wei Jiang & Kui Wang & Kevin Zheng Zhou, 2023. "How Political Ties and Green Innovation Co-evolve in China: Alignment with Institutional Development and Environmental Pollution," Journal of Business Ethics, Springer, vol. 186(4), pages 739-760, September.
    39. Liu, Chao & Zhang, Zichao & Wang, Lan, 2026. "Institutional investor distraction and corporate greenhushing," Economic Modelling, Elsevier, vol. 159(C).
    40. Zhen Huang & Yanxuan Shi & Ming Jia, 2025. "Greenwashing: A systematic literature review," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(1), pages 857-882, March.
    41. Tielong Wu, 2024. "Green finance reform policy increases corporate hypocritical business strategies: Evidence from the greenwashing behavior," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 29(7), pages 1-28, October.
    42. Wei Wang & Ziyuan Sun & Weixing Zhu & Lin Ma & Yuting Dong & Xiao Sun & Fengzhi Wu, 2023. "How does multi‐agent govern corporate greenwashing? A stakeholder engagement perspective from “common” to “collaborative” governance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(1), pages 291-307, January.
    43. Francesca Bernini & Fabio La Rosa, 2024. "Research in the greenwashing field: concepts, theories, and potential impacts on economic and social value," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(2), pages 405-444, June.
    44. Rabab Abouarab & Tapas Mishra & Simon Wolfe, 2025. "Spotting Portfolio Greenwashing in Environmental Funds," Journal of Business Ethics, Springer, vol. 197(4), pages 811-839, April.
    45. Xing, Chao & Shan, Yuan George & Yang, Fan & Zhang, Yuming, 2026. "The effect of CSR assurance on subsequent corporate greenwashing: Suggestion acquisition or opinion shopping?," The British Accounting Review, Elsevier, vol. 58(4).
    46. Grolleau, Gilles & Meunier, Luc & Mzoughi, Naoufel, 2023. "Polluting for (higher) profits: Does an economic gain influence moral judgment of environmental wrongdoings?," Ecological Economics, Elsevier, vol. 213(C).
    47. Jiaying Li & Ying Fu & Ying Wu, 2024. "Advertising and Corporate Green Innovation: From the Perspective of Greenwashing," Sustainability, MDPI, vol. 16(23), pages 1-14, November.
    48. Liu, Kui & Huang, Tao & Xia, Zheyi & Xia, Xingneng & Wu, Rongrong, 2025. "The impact assessment of low-carbon city pilot policy on urban green innovation: A batch-time heterogeneity perspective," Applied Energy, Elsevier, vol. 377(PB).
    49. Zheng, Qingying & Li, Handan & Bu, Guochao & Liu, Hongxun, 2026. "Navigating green innovation: The role of carbon regulation and green finance in corporate strategy," Energy Economics, Elsevier, vol. 153(C).
    50. Gong, Qi & Kong, Zhaoyang & Li, Liang & Dong, Xiucheng & Li, Yang, 2026. "The consequences of hypocrisy: how ESG greenwashing undermines green total factor productivity," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 106(C).
    51. Sun, Chenwei & Jin, Justin & Nainar, Khalid & Lobo, Gerald, 2024. "Does firms’ corporate social responsibility reduce crime?," International Review of Economics & Finance, Elsevier, vol. 96(PC).
    52. Xuhui Peng & Jingduan Li & Qingliang Tang & Yi‐Chen Lan & Xinjian Cui, 2024. "Do environmental scores become multinational corporations' strategic “greenwashing” tool for window‐dressing carbon reduction? A cross‐cultural analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2084-2115, March.
    53. Frederik Dahlmann & Layla Branicki & Stephen Brammer, 2019. "Managing Carbon Aspirations: The Influence of Corporate Climate Change Targets on Environmental Performance," Journal of Business Ethics, Springer, vol. 158(1), pages 1-24, August.
    54. Chen, Rongda & Wang, Maochuan & Yi, Yuyang & Gao, Yuanhao, 2026. "Democratizing corporate governance: How retail investors’ ESG attention reduces ESG-washing," International Review of Economics & Finance, Elsevier, vol. 105(C).
    55. Naimat U. Khan & Mushtaq Hussain Khan, 2025. "“Soft” Climate Change Exposure and Firm Performance Across Countries: Legitimacy Theory Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 34(7), pages 8554-8570, November.
    56. Zhang, Dongyang, 2023. "Subsidy expiration and greenwashing decision: Is there a role of bankruptcy risk?," Energy Economics, Elsevier, vol. 118(C).
    57. Balluchi, Federica & Lazzini, Arianna & Torelli, Riccardo, 2020. "CSR and Greenwashing: A Matter of Perception in the Search of Legitimacy," OSF Preprints 5x6sy, Center for Open Science.
    58. Huang, Kuo-Jui & Bui, Dien Giau & Hsu, Yuan-Teng & Lin, Chih-Yung, 2024. "The ESG washing in banks: Evidence from the syndicated loan market," Journal of International Money and Finance, Elsevier, vol. 142(C).
    59. Olivier Boiral & Marie‐Christine Brotherton & David Talbot & Laurence Guillaumie, 2026. "Avoiding Corporate Greenwashing? Sustainability Silence Narratives in the Agri‐Food Industry," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 35(3), pages 1361-1376, July.
    60. Tan, Ruipeng & Cai, Qijun & Pan, Lulu, 2024. "Faking for fortune: Emissions trading schemes and corporate greenwashing in China," Energy Economics, Elsevier, vol. 130(C).
    61. Guoyi Zhang & Dong Chen, 2024. "Environmental Justice and Corporate Green Innovation: The Role of Legitimacy Pressures," Sustainability, MDPI, vol. 16(13), pages 1-19, June.
    62. Wei Li & Weining Li & Veikko Seppänen & Timo Koivumäki, 2022. "How and when does perceived greenwashing affect employees' job performance? Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1722-1735, September.
    63. Ashutosh Singh & Salwa Saleh Almasabi & Ajay Kumar Patel & Priyanka Malik, 2026. "Sailing From Penalties to Accountability: Business Strategies and Governance for Firms to Innovate After Environmental Misconduct," Business Strategy and the Environment, Wiley Blackwell, vol. 35(5), pages 6382-6398, July.
    64. Md Ismail Haidar, 2025. "Does Societal Trust Reduce Greenwashing? International Evidence," Business Strategy and the Environment, Wiley Blackwell, vol. 34(3), pages 3400-3424, March.
    65. Jinhui Wu & Wullianallur Raghupathi & Viju Raghupathi, 2025. "An Exploratory Study of the Association Between Green Bond Features and ESG Performance," Sustainability, MDPI, vol. 17(5), pages 1-25, February.
    66. Libena Tetrevova & Michaela Kotkova Striteska & Ondrej Kuba & Vineeth Prakash & Viktor Prokop, 2025. "When Trust and Distrust Come Into Play: How Green Concern, Scepticism and Communication Affect Customers' Behaviour?," Business Strategy and the Environment, Wiley Blackwell, vol. 34(3), pages 3311-3337, March.
    67. Yu‐Lin Chen & Mei‐Chu Huang, 2023. "Water usage reduction and CSR committees: Taiwan evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1070-1081, May.
    68. Cluny Mendez & Christopher L. Atkinson, 2021. "Sustainability Certification and Green Public Procurement: Ideals and Outcomes in a New Jersey School District," Journal of Education for Sustainable Development, , vol. 15(1), pages 122-145, March.
    69. Janssen, Catherine & Swaen, Valérie & Du, Shuili, 2022. "Is a specific claim always better? The double-edged effects of claim specificity in green advertising," Journal of Business Research, Elsevier, vol. 151(C), pages 435-447.
    70. Yinglin Huang & Claude Francoeur & Stephen Brammer, 2022. "What drives and curbs brownwashing?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2518-2532, July.
    71. Ilyas, Imran M. & Osiyevskyy, Oleksiy, 2022. "Exploring the impact of sustainable value proposition on firm performance," European Management Journal, Elsevier, vol. 40(5), pages 729-740.
    72. Dong, Ciwei & Huang, Qianzhi & Pan, Yuqing & Ng, Chi To & Liu, Renjun, 2023. "Logistics outsourcing: Effects of greenwashing and blockchain technology," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 170(C).
    73. Feng, Yunting & Lai, Kee-hung & Zhu, Qinghua, 2020. "Legitimacy in operations: How sustainability certification announcements by Chinese listed enterprises influence their market value?," International Journal of Production Economics, Elsevier, vol. 224(C).
    74. Forcadell, Francisco Javier & Lorena, Antonio & Aracil, Elisa, 2023. "The firm under the spotlight: how stakeholder scrutiny shapes corporate social responsibility and its influence on performance," LSE Research Online Documents on Economics 117536, London School of Economics and Political Science, LSE Library.
    75. Wu, Jiamei & Chen, Zhibin & Guo, Chong, 2022. "How does anti-corruption affect green innovation? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 405-424.
    76. Dante I. Leyva-de la Hiz & J. Alberto Aragon-Correa & Andrew G. Earle, 2022. "Innovating for Good in Opportunistic Contexts: The Case for Firms’ Environmental Divergence," Journal of Business Ethics, Springer, vol. 176(4), pages 705-721, April.
    77. Chengxu Zhou & Xiaoyang Li & Ruihan Liu & Yan Liu, 2026. "Do subsidies always incentivize firms to reduce carbon emissions? evidence from listed companies in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(3), pages 7761-7783, March.
    78. Marta Pizzetti & Lucia Gatti & Peter Seele, 2021. "Firms Talk, Suppliers Walk: Analyzing the Locus of Greenwashing in the Blame Game and Introducing ‘Vicarious Greenwashing’," Journal of Business Ethics, Springer, vol. 170(1), pages 21-38, April.
    79. Li, Minglai & Zhang, Hongyan & Zhang, Lin & Zheng, Huanhuan, 2026. "Home-country climate regulation and strategic response of multinational enterprises: Investment relocation or green innovation?," International Business Review, Elsevier, vol. 35(4).
    80. Yuan, Xueying & Xu, Jinhua & Shang, Lixia, 2024. "Exaggerating, distracting, or window-dressing? An empirical study on firm greenwashing recognition," Finance Research Letters, Elsevier, vol. 67(PB).
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    202. Wei Jiang & Liwen Wang & Kevin Zheng Zhou, 2023. "Green Practices and Customer Evaluations of the Service Experience: The Moderating Roles of External Environmental Factors and Firm Characteristics," Journal of Business Ethics, Springer, vol. 183(1), pages 237-253, February.
    203. Fu, Bozhi & Wei, Xiaoyong, 2026. "ESG rating divergence, greenwashing, and supply chain performance: the role of guanxi," Journal of Business Research, Elsevier, vol. 208(C).
    204. Ravi Dutta‐Powell & Joshua J. Rhee & Saul Wodak, 2024. "Two interventions for mitigating the harms of greenwashing on consumer perceptions," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 882-903, February.
    205. Mihail K. Miletkov & Viktoriya Staneva, 2025. "Financing a Sustainable Future: The Diverging Effects of Equity and Credit Market Development on Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 201(3), pages 735-757, October.
    206. Claudy, Marius C. & Parkinson, Mary & Aquino, Karl, 2024. "Why should innovators care about morality? Political ideology, moral foundations, and the acceptance of technological innovations," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    207. Eerdun Taoketao & Taiwen Feng & Yongtao Song & Yu Nie, 2018. "Does sustainability marketing strategy achieve payback profits? A signaling theory perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1039-1049, November.
    208. Birindelli, Giuliana & Chiappini, Helen & Jalal, Raja Nabeel-Ud-Din, 2024. "Greenwashing, bank financial performance and the moderating role of gender diversity," Research in International Business and Finance, Elsevier, vol. 69(C).
    209. Abdullah, Mohammad & Wali Ullah, G M & Turner, Jason, 2025. "50 shades of dark green: The nexus of narcissistic leadership and corporate greenwashing," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    210. Carolina Castaldi, 2024. "Measuring innovation in international business research: how can trademark data help?," Journal of International Business Policy, Palgrave Macmillan, vol. 7(4), pages 466-475, December.
    211. Ravita Kharb & Charu Shri & Pragati Singh & Shabani Bhatia & Neha Saini, 2026. "Modelling the barriers of green financing in achieving environmental sustainability: an analysis using TISM," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(3), pages 7173-7206, March.
    212. Bigoni, Michele & Mohammed, Sideeq, 2023. "Critique is unsustainable: A polemic," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 97(C).
    213. Gatti, Lucia & Pizzetti, Marta & Seele, Peter, 2021. "Green lies and their effect on intention to invest," Journal of Business Research, Elsevier, vol. 127(C), pages 228-240.
    214. Javier Amores‐salvadó & Gregorio Martin‐de Castro & Elisabeth Albertini, 2022. "Walking the talk, but above all, talking the walk: Looking green for market stakeholder engagement," Post-Print halshs-03760088, HAL.
    215. Yang, Zhonghai & Song, Pingting & Xu, Meng, 2025. "Nearer means better? CSRC proximity and ESG greenwashing," International Review of Financial Analysis, Elsevier, vol. 106(C).
    216. Divinus Oppong-Tawiah & Jane Webster, 2023. "Corporate Sustainability Communication as ‘Fake News’: Firms’ Greenwashing on Twitter," Sustainability, MDPI, vol. 15(8), pages 1-26, April.
    217. Li Liu & Lei Du & Xing Liu, 2023. "Lessons from failure: Pollution blacklisting and firm's green innovation," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 483-491, February.
    218. Wang, Jianye & Ke, Yubing, 2025. "“Fidelity” or “exploitation”: Social trust and corporate greenwashing," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 336-350.
    219. Mathieu Gomes & Sylvain Marsat & Jonathan Peillex & Guillaume Pijourlet, 2024. "Does religiosity influence corporate greenwashing behavior ?," Post-Print hal-04360447, HAL.
    220. Saeed, Abubakr & Riaz, Hammad & Baloch, Muhammad Saad, 2022. "Does big data utilization improve firm legitimacy?," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    221. Xinhua Zhao & Hui An, 2023. "Research on the Mechanism of Heterogeneous Corporate Environmental Responsibility in Z-Generation Consumers’ Sustainable Purchase Intention," Sustainability, MDPI, vol. 15(13), pages 1-19, June.
    222. Nazari, Jamal A. & Poursoleyman, Ehsan, 2025. "Corporate social responsibility signalling under external transparency demands," International Review of Financial Analysis, Elsevier, vol. 101(C).
    223. Andrea Mezger & Pablo Cabanelas & Mª. Jesús López‐Miguens & Francesca Cabiddu & Klaus Rüdiger, 2020. "Sustainable development and consumption: The role of trust for switching towards green energy," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3598-3610, December.
    224. Pablo Arocena & Raquel Orcos & Fedaous Zouaghi, 2021. "The impact of ISO 14001 on firm environmental and economic performance: The moderating role of size and environmental awareness," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 955-967, February.

  2. Pascual Berrone & Andrea Fosfuri & Liliana Gelabert & Luis R. Gomez‐Mejia, 2013. "Necessity as the mother of ‘green’ inventions: Institutional pressures and environmental innovations," Strategic Management Journal, Wiley Blackwell, vol. 34(8), pages 891-909, August.

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    1. Yu Wang & Michel Magnan & Yetaotao Qiu, 2025. "Going Green: An Analysis of Mutual Fund Investment and Green Innovation in the Context of China," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(12), pages 3547-3584, December.
    2. Luo, Pengfei & Lu, Ting & Song, Dandan, 2026. "Strategic capacity investment and optimal subsidies with carbon emission reduction," European Journal of Operational Research, Elsevier, vol. 333(3), pages 917-930.
    3. Pi, Tianlei & Zhou, Yuhan & Jiao, Linke & Shi, Jin, 2026. "Does biodiversity risk affect corporate green innovation? — Evidence from China," International Review of Economics & Finance, Elsevier, vol. 109(C).
    4. Weihua Liu & Rui Lan & Chaolun Yuan & Jingcheng Qiu & Yongzheng Gao & Ou Tang & Yang He & Yang Cheng, 2025. "Integration and innovation of China’s manufacturing and logistics industries and carbon emissions," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-23, December.
    5. Zhang, Yufei & Ye, Guanhong, 2025. "Judicial independence and corporate ESG performance," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 1789-1818.
    6. Zhao, Feng & Wang, Jinhai & Chen, Qian, 2025. "Climate change exposure and corporate strategic aggressiveness: Evidence from Chinese listed companies," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 26-53.
    7. Du, Lei & Yang, Kening, 2025. "Does institutional change during the green transition influence low-carbon innovation? Evidence from China's Low-Carbon City Project," Technovation, Elsevier, vol. 145(C).
    8. Cai, Chu’an & Huang, Siyu & Li, Donghui, 2026. "CEOs’ green governance abilities and corporate green innovation," Research in International Business and Finance, Elsevier, vol. 88(C).
    9. Meng Li & Kezhi Liao & Yue Qi & Tongyang Liu, 2022. "Constructing Multiple‐Objective Portfolio Selection for Green Innovation and Dominating Green Innovation Indexes," Complexity, John Wiley & Sons, vol. 2022(1).
    10. Li, Minglai & Zhang, Hongyan & Zhang, Lin & Zheng, Huanhuan, 2026. "Home-country climate regulation and strategic response of multinational enterprises: Investment relocation or green innovation?," International Business Review, Elsevier, vol. 35(4).
    11. Ma, Zihao & Zhang, Pingdan, 2025. "Did the main functional area planning promote green development in China?," Technological Forecasting and Social Change, Elsevier, vol. 220(C).
    12. Song, Yuegang & Geng, Haoqing & Lee, Chien-Chiang, 2026. "The impact of market-incentivised environmental regulation on energy equity: An empirical study based on China's carbon emissions trading policy," International Review of Economics & Finance, Elsevier, vol. 108(C).
    13. Dimakatso Hellen Malapa & Collins C. Ngwakwe, 2025. "Analysis of the Effect of Eco-Efficiency on Asset Return in Food and Beverage Manufacturing Companies Listed at the Johannesburg Stock Exchange," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 23(2 (Summer), pages 175-200.
    14. Chenghao Ye & Igor A. Mayburov, 2025. "Does an Environmental Protection Tax Promote or Inhibit the Market Value of Companies? Evidence from Chinese Polluting Companies," Sustainability, MDPI, vol. 17(19), pages 1-26, October.
    15. Jianbang Xu & Yimin Wang, 2025. "Exploring New Green Frontiers? How CEO Green and Technological Experience Shapes Firm Ambidextrous Green Innovation," Sustainability, MDPI, vol. 17(18), pages 1-27, September.
    16. Wang, Jianli & Xiao, Xiao & Dong, Minghua & Li, Jingyuan, 2025. "Does ESG rating disagreement discourage corporate green innovation? Evidence from China," Research in International Business and Finance, Elsevier, vol. 80(C).
    17. El Ouadghiri, Imane & Peillex, Jonathan & Platania, Federico & Toscano Hernandez, Celina, 2026. "Advancing corporate green innovation through science: The role of freedom of expression and NGOs," Technological Forecasting and Social Change, Elsevier, vol. 226(C).
    18. Li, Hui & Zhang, Jingxiao & Lei, Chaoqun & Philbin, Simon Patrick, 2026. "Green technology innovation in Chinese construction firms under the low-carbon city pilot policy," Journal of Asian Economics, Elsevier, vol. 104(C).
    19. Li, Wei & Man, Yuanyuan & Liu, Jianing & He, Yongda & Hu, Yang, 2025. "Emission trading policy and firm-level carbon disclosure in China: Unveiling the potential of market-based environmental regulation," Research in International Business and Finance, Elsevier, vol. 79(C).
    20. Shui, Xiaolong & Korosteleva, Julia & Nguyen, Bach, 2025. "From green to growth: The effect of Go Green on entrepreneurial growth aspirations," Journal of Business Venturing, Elsevier, vol. 40(4).
    21. Marie Renée Sørum Gangsø & Gudbrand Lien & Mehmet Mehmetoglu & Hanne Kathrine Sjølie & Ståle Størdal, 2025. "Intentions of housing developers to reuse wood materials in buildings," Journal of Industrial Ecology, Yale University, vol. 29(2), pages 574-589, April.
    22. Gebhardt, Sebastian & Hou, Yun & Yarime, Masaru, 2026. "Directing environmental innovation toward radical clean technologies for sustainable transitions: Market-based vs. command-and-control policies," Research Policy, Elsevier, vol. 55(4).
    23. Benhong Peng & Fei Gao, 2026. "Fortune or Misfortune? Climate Risk and Corporate ESG Performance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 17(2), pages 5097-5144, April.
    24. Cláudia Fabiana Gohr & Bruna Cavalcanti Barros Rodrigues, 2025. "Dynamic Capabilities as Enablers for Sustainability‐Oriented Innovation: A Case Study in a Footwear Industry," Business Strategy and the Environment, Wiley Blackwell, vol. 34(3), pages 3114-3140, March.
    25. Gao, Daquan & Li, Songsong, 2025. "Top management team biographical similarity and persistent green innovation: Evidence from Chinese listed companies," Research in International Business and Finance, Elsevier, vol. 77(PB).
    26. Du, Jian & Cui, Rongda & Luo, Yi & Zhen, Xinting & Liu, Yang, 2026. "The protective effect and boundary conditions of CEO social networks: Evidence from corporate climate risk," International Review of Economics & Finance, Elsevier, vol. 109(C).
    27. Jing Zhao & Xiyun Cheng & Jintong Guo, 2025. "How do aspirations work? Financial performance shortfalls and firms' green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 724-748, January.
    28. Liu, Ke & Cao, Linjun & Zhou, Jian, 2026. "Front-end or end-of-pipe? the impact of the government focus on corporate environmental investment choices," Finance Research Letters, Elsevier, vol. 92(C).
    29. Chircop, Justin & Tarsalewska, Monika & Trzeciakiewicz, Agnieszka, 2025. "Learning to be green: Accounting comparability and environmental violations," The British Accounting Review, Elsevier, vol. 57(5).
    30. Wang, Ying, 2026. "Financial impact analysis of corporate innovation investment under low-carbon policies," Economic Analysis and Policy, Elsevier, vol. 91(C), pages 559-574.
    31. Jing Xiao & Ping Zeng & Huafei Yan & Lanlan Niu, 2026. "Can digital transformation promote enterprise green innovation? Evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(4), pages 9065-9092, April.
    32. Xu, Ting & Ding, Chante Jian & Zhao, Kunqian, 2026. "From compliance disclosure to innovative action: A study on the transmission mechanism of climate risk disclosure from the dual legitimacy perspective," International Review of Economics & Finance, Elsevier, vol. 107(C).
    33. Deng, Hong & Lin, Yongjia & Li, You, 2026. "A double-edged sword of uncertainty: Climate policy uncertainty and corporate green innovation," Economic Analysis and Policy, Elsevier, vol. 91(C), pages 145-164.
    34. Jalal Khan & Wu Fengyun & Arshad Fawad, 2025. "Corporate environmentalism and value creation: Investigating the role of shared independent directors in green technology adoption and financial performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(1), pages 118-137, January.
    35. Guangchen Li & Qianlong Ma & Rsha Alghafes & Khaoula Aliani, 2026. "Firm-perceived economic policy uncertainty and corporate greenwashing: evidence from China," Economic Change and Restructuring, Springer, vol. 59(2), pages 1-29, April.
    36. Wang, Tao & Luo, Kaifan & Yu, Chao, 2026. "Unlocking the institutional foundations of green innovation: A machine learning analysis," Technological Forecasting and Social Change, Elsevier, vol. 225(C).
    37. Ge Yang & Haichen Bai & Zeyu Sun, 2026. "Local Officials’ Promotion Incentives and Green Innovation: Evidence from an Urban Governance Campaign in China," Journal of Business Ethics, Springer, vol. 205(3), pages 641-672, May.
    38. J. Alberto Aragón‐Correa & Natalia Ortiz‐de‐Mandojana & Mike Barnett, 2025. "Heads Must Roll: How External and Internal Factors Combine to Improve Corporate Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 34(4), pages 4912-4927, May.
    39. Huixiang Zeng & Yuyao Shao & Ning Ding & Limin Zheng & Jinling Zhao, 2025. "Internal and External Cultivation to Drive Enterprises’ Green Transformation: Dual Perspectives of Vertical Supervision and Environmental Self-Discipline," Sustainability, MDPI, vol. 17(15), pages 1-35, August.
    40. Bi, Jingyu & Sheng, Shibin & Xie, En & Gao, Xuehao, 2026. "Do well, say good: Transforming green innovation into financial return through tone management," Technovation, Elsevier, vol. 151(C).
    41. Rui Zhu & Pengfei Ge & Chuxiong Tang, 2026. "Can policy synergy empower green innovation? Theoretical and empirical insights from China," Economic Change and Restructuring, Springer, vol. 59(1), pages 1-46, February.

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    Cited by:

    1. Cludius, Johanna & Hermann, Hauke & Matthes, Felix Chr. & Graichen, Verena, 2014. "The merit order effect of wind and photovoltaic electricity generation in Germany 2008–2016: Estimation and distributional implications," Energy Economics, Elsevier, vol. 44(C), pages 302-313.
    2. Maciejowska, Katarzyna, 2020. "Assessing the impact of renewable energy sources on the electricity price level and variability – A quantile regression approach," Energy Economics, Elsevier, vol. 85(C).
    3. Azofra, D. & Martínez, E. & Jiménez, E. & Blanco, J. & Saenz-Díez, J.C., 2014. "Comparison of the influence of biomass, solar–thermal and small hydraulic power on the Spanish electricity prices by means of artificial intelligence techniques," Applied Energy, Elsevier, vol. 121(C), pages 28-37.
    4. Bell, William Paul & Wild, Phillip & Foster, John & Hewson, Michael, 2017. "Revitalising the wind power induced merit order effect to reduce wholesale and retail electricity prices in Australia," Energy Economics, Elsevier, vol. 67(C), pages 224-241.
    5. Sánchez de la Nieta, A.A. & Contreras, J., 2020. "Quantifying the effect of renewable generation on day–ahead electricity market prices: The Spanish case," Energy Economics, Elsevier, vol. 90(C).
    6. Rafał Sowiński & Aleksandra Komorowska, 2025. "The Impact of Wind Speed on Electricity Prices in the Polish Day-Ahead Market Since 2016, and Its Applicability to Machine-Learning-Powered Price Prediction," Energies, MDPI, vol. 18(14), pages 1-27, July.
    7. Odeh, Rodrigo Pérez & Watts, David, 2019. "Impacts of wind and solar spatial diversification on its market value: A case study of the Chilean electricity market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 111(C), pages 442-461.
    8. Aguirre, Mariana & Ibikunle, Gbenga, 2014. "Determinants of renewable energy growth: A global sample analysis," Energy Policy, Elsevier, vol. 69(C), pages 374-384.
    9. Zarnikau, J. & Tsai, C.H. & Woo, C.K., 2020. "Determinants of the wholesale prices of energy and ancillary services in the U.S. Midcontinent electricity market," Energy, Elsevier, vol. 195(C).
    10. Woo, C.K. & Shiu, A. & Liu, Y. & Luo, X. & Zarnikau, J., 2018. "Consumption effects of an electricity decarbonization policy: Hong Kong," Energy, Elsevier, vol. 144(C), pages 887-902.
    11. Olukunle O. Owolabi & Toryn L. J. Schafer & Georgia E. Smits & Sanhita Sengupta & Sean E. Ryan & Lan Wang & David S. Matteson & Mila Getmansky Sherman & Deborah A. Sunter, 2021. "Role of Variable Renewable Energy Penetration on Electricity Price and its Volatility Across Independent System Operators in the United States," Papers 2112.11338, arXiv.org, revised Nov 2022.
    12. Bianco, Vincenzo & Driha, Oana M. & Sevilla-Jiménez, Martín, 2019. "Effects of renewables deployment in the Spanish electricity generation sector," Utilities Policy, Elsevier, vol. 56(C), pages 72-81.
    13. Thao Pham & Killian Lemoine, 2020. "Impacts of subsidized renewable electricity generation on spot market prices in Germany : Evidence from a GARCH model with panel data," Working Papers hal-02568268, HAL.
    14. Georg Wolff & Stefan Feuerriegel, 2019. "Emissions Trading System of the European Union: Emission Allowances and EPEX Electricity Prices in Phase III," Energies, MDPI, vol. 12(15), pages 1-15, July.
    15. Angela Adamo & Jordi De la Hoz & Helena Martín & Joan Rubio & Sergio Coronas, 2024. "An Analysis of the Development of the Cogeneration Sector in Spain: A Comprehensive Review of the Period 1980–2020 from a Regulatory Perspective," Energies, MDPI, vol. 17(3), pages 1-27, January.
    16. Ioannidis, Filippos & Kosmidou, Kyriaki & Savva, Christos & Theodossiou, Panayiotis, 2021. "Electricity pricing using a periodic GARCH model with conditional skewness and kurtosis components," Energy Economics, Elsevier, vol. 95(C).
    17. Moon, Jongwoo & Jung, Tae Yong, 2020. "A critical review of Korea's long-term contract for renewable energy auctions: The relationship between the import price of liquefied natural gas and system marginal price," Utilities Policy, Elsevier, vol. 67(C).
    18. Angelica Gianfreda & Francesco Ravazzolo & Luca Rossini, 2018. "Comparing the Forecasting Performances of Linear Models for Electricity Prices with High RES Penetration," Working Papers No 2/2018, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    19. Bataille, Marc & Bodnar, Olivia & Steinmetz, Alexander & Thorwarth, Susanne, 2019. "Screening instruments for monitoring market power — The Return on Withholding Capacity Index (RWC)," Energy Economics, Elsevier, vol. 81(C), pages 227-237.
    20. Heesun Jang, 2020. "Market Impacts of a Transmission Investment: Evidence from the ERCOT Competitive Renewable Energy Zones Project," Energies, MDPI, vol. 13(12), pages 1-16, June.
    21. Figueiredo, Nuno Carvalho & Silva, Patrícia Pereira da, 2019. "The “Merit-order effect” of wind and solar power: Volatility and determinants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 102(C), pages 54-62.
    22. Ghelasi, Paul & Ziel, Florian, 2026. "A data-driven merit order: Learning a fundamental electricity price model," Energy Economics, Elsevier, vol. 154(C).
    23. Marc Baudry & Clément Bonnet, 2017. "Demand pull instruments and the development of wind power in Europe: A counter-factual analysis," Working Papers 1705, Chaire Economie du climat.
    24. Mahmood Hosseini Imani, 2024. "Empirical Analysis of Inter-Zonal Congestion in the Italian Electricity Market Using Multinomial Logistic Regression," Energies, MDPI, vol. 17(23), pages 1-24, November.
    25. López Prol, Javier & Steininger, Karl W. & Zilberman, David, 2020. "The cannibalization effect of wind and solar in the California wholesale electricity market," Energy Economics, Elsevier, vol. 85(C).
    26. Ekoue, Maurice K. & Woerman, Matt & Clastres, Cédric, 2025. "Intermittency and uncertainty in wind and solar energy: Impacts on the French electricity market," Energy Economics, Elsevier, vol. 142(C).
    27. Lynch, Muireann & Curtis, John, 2014. "The Effects of Wind Generation Capacity on Electricity Prices and Generation Costs: a Monte Carlo Analysis," Papers WP494, Economic and Social Research Institute (ESRI).
    28. Deng, Xiuyue & Tao, Miaomiao & Poletti, Stephen, 2025. "Asymmetries and evolution in energy market Interactions: Evidence from solar PV systems and spot electricity prices in Australia," Renewable Energy, Elsevier, vol. 255(C).
    29. Elberg, Christina & Hagspiel, Simeon, 2015. "Spatial dependencies of wind power and interrelations with spot price dynamics," European Journal of Operational Research, Elsevier, vol. 241(1), pages 260-272.
    30. Claudio Marcantonini & A. Denny Ellerman, 2014. "The Implicit Carbon Price of Renewable Energy. Incentives in Germany," RSCAS Working Papers 2014/28, European University Institute.
    31. López Prol, Javier, 2018. "Regulation, profitability and diffusion of photovoltaic grid-connected systems: A comparative analysis of Germany and Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1170-1181.
    32. Sebastien Annan-Phan & Fabien A. Roques, 2018. "Market Integration and Wind Generation: An Empirical Analysis of the Impact of Wind Generation on Cross-border Power Prices," The Energy Journal, , vol. 39(3), pages 1-24, May.
    33. Gonçalves, Ricardo & Menezes, Flávio, 2022. "The price impacts of the exit of the Hazelwood coal power plant," Energy Economics, Elsevier, vol. 116(C).
    34. Claudio Marcantonini & A.Denny Ellerman, 2016. "The Implicit Carbon Price of Renewable Energy Incentives in Germany," The Energy Journal, , vol. 37(1), pages 54-90, January.
    35. Katarzyna Maciejowska & Weronika Nitka & Tomasz Weron, 2019. "Day-Ahead vs. Intraday—Forecasting the Price Spread to Maximize Economic Benefits," Energies, MDPI, vol. 12(4), pages 1-15, February.
    36. Sébastien Phan & Fabien Roques, 2015. "Is the depressive effect of renewables on power prices contagious? A cross border econometric analysis," Cambridge Working Papers in Economics 1527, Faculty of Economics, University of Cambridge.
    37. Angelica Gianfreda & Derek Bunn, 2018. "A Stochastic Latent Moment Model for Electricity Price Formation," BEMPS - Bozen Economics & Management Paper Series BEMPS46, Faculty of Economics and Management at the Free University of Bozen.
    38. Schmidt, J. & Lehecka, G. & Gass, V. & Schmid, E., 2013. "Where the wind blows: Assessing the effect of fixed and premium based feed-in tariffs on the spatial diversification of wind turbines," Energy Economics, Elsevier, vol. 40(C), pages 269-276.
    39. Agaton, Casper, 2017. "Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines," MPRA Paper 83478, University Library of Munich, Germany.
    40. Azofra, D. & Saenz-Díez, J.C. & Martínez, E. & Jiménez, E. & Blanco, J., 2016. "Ex-post economic analysis of photovoltaic power in the Spanish grid: Alternative scenarios," Renewable Energy, Elsevier, vol. 95(C), pages 98-108.
    41. Böckers, Veit & Giessing, Leonie & Rösch, Jürgen, 2013. "The green game changer: An empirical assessment of the effects of wind and solar power on the merit order," DICE Discussion Papers 104, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    42. Klaas WŸrzburg & Xavier Labandeira & Pedro Linares, 2013. "Renewable Generation and Electricity Prices: Taking Stock and New Evidence for Germany and Austria," Working Papers fa03-2013, Economics for Energy.
    43. Grynberg, Charlotte & Vinci, Francesca & De Sanctis, Alessandro, 2026. "Energy security and industrial competitiveness: the case for a European Energy Union," Occasional Paper Series 388, European Central Bank.
    44. Karel Janda & Michaela Koscova, 2018. "Photovoltaics and the Slovak Electricity Market," Working Papers IES 2018/02, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jan 2018.
    45. Ciarreta, Aitor & Espinosa, Maria Paz & Pizarro-Irizar, Cristina, 2017. "Has renewable energy induced competitive behavior in the Spanish electricity market?," Energy Policy, Elsevier, vol. 104(C), pages 171-182.
    46. Faddy Ardian & Silvia Concettini & Anna Creti, 2015. "Intermittent renewable generation and network congestion: an empirical analysis of Italian Power Market," Working Papers hal-01218543, HAL.
    47. Macedo, Daniela Pereira & Marques, António Cardoso & Damette, Olivier, 2020. "The impact of the integration of renewable energy sources in the electricity price formation: is the Merit-Order Effect occurring in Portugal?," Utilities Policy, Elsevier, vol. 66(C).
    48. Clò, Stefano & Iannucci, Gianluca & Tampieri, Alessandro, 2025. "Dynamic choice of renewable energy communities: Bottom-up vs top-down organisation," Mathematical Social Sciences, Elsevier, vol. 137(C).
    49. Paschen, Marius, 2016. "Dynamic analysis of the German day-ahead electricity spot market," Energy Economics, Elsevier, vol. 59(C), pages 118-128.
    50. Marijke Welisch & André Ortner & Gustav Resch, 2016. "Assessment of RES technology market values and the merit-order effect – an econometric multi-country analysis," Energy & Environment, , vol. 27(1), pages 105-121, February.
    51. Stelios Loumakis & Eugenia Giannini & Zacharias Maroulis, 2019. "Merit Order Effect Modeling: The Case of the Hellenic Electricity Market," Energies, MDPI, vol. 12(20), pages 1-20, October.
    52. Maria Teresa Costa & Elisa Trujillo-Baute, 2014. "Retail price effects of feed-in tariff regulation," Working Papers 2014/29, Institut d'Economia de Barcelona (IEB).
    53. Ciarreta, Aitor & Espinosa, Maria Paz & Pizarro-Irizar, Cristina, 2014. "Is green energy expensive? Empirical evidence from the Spanish electricity market," Energy Policy, Elsevier, vol. 69(C), pages 205-215.
    54. Stringer, Thomas & Joanis, Marcelin & Abdoli, Shiva, 2024. "Power generation mix and electricity price," Renewable Energy, Elsevier, vol. 221(C).
    55. Simshauser, Paul, 2018. "On intermittent renewable generation & the stability of Australia's National Electricity Market," Energy Economics, Elsevier, vol. 72(C), pages 1-19.
    56. Johanna Cludiud & Sam Forrest & Iain MacGill, 2013. "Distributional Effects of the Australian Renewable Energy Target (RET) through Wholesale and Retail Electricity Price Impacts," Discussion Papers 2013-33, School of Economics, The University of New South Wales.
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