IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-3-031-96821-1_4.html
   My bibliography  Save this book chapter

Examining the Relationship Between ESG Standards and Corporate Corruption: Greenwashing’s Substantial Impact

In: Transparency and Corporate Washing in the Age of Sustainability

Author

Listed:
  • Konstantina Ragazou

    (University of Western Macedonia)

  • Constantin Zopounidis

    (Technical University of Crete)

  • Emilios Galariotis

    (KIMEP University)

  • Nikolaos Sariannidis

    (University of Western Macedonia)

  • Georgia Zournatzidou

    (University of Western Macedonia)

Abstract

Greenwashing undermines the credibility of environmental, social, and governance (ESG) reporting and diminishes its integrity. This diminishes the probability that people will trust the information presented, complicates decision-making processes, destabilizes financial markets, and undermines the quality of disclosures. This research utilizes a comprehensive literature review and bibliometric analysis to investigate the academic discourse around ESG disclosure and strategies to address corporate “greenwashing.” The study’s aims were accomplished using bibliometric analysis, employing the statistical programming tools R Studio, Biblioshiny, and VOSviewer. We obtained bibliometric data from the Scopus database for the period 2012–2024. We used the PRISMA (Preferred Reporting Items for Systematic reviews and Meta-Analyses) methodology, including both inclusion and exclusion criteria, to ascertain the optimal sample size. The research indicates that greenwashing is a multifaceted issue that may manifest in many forms, shapes, and intensities. This obstructs the advancement of technologies for prevention, measurement, and detection. Furthermore, the results indicate that greenwashing adversely affects sustainable finance, particularly green loans and bonds. Furthermore, the findings indicate that corporate greenwashing is a distinct kind of greenwashing.

Suggested Citation

  • Konstantina Ragazou & Constantin Zopounidis & Emilios Galariotis & Nikolaos Sariannidis & Georgia Zournatzidou, 2025. "Examining the Relationship Between ESG Standards and Corporate Corruption: Greenwashing’s Substantial Impact," Management for Professionals, in: Transparency and Corporate Washing in the Age of Sustainability, chapter 4, pages 77-95, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-96821-1_4
    DOI: 10.1007/978-3-031-96821-1_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-3-031-96821-1_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.