Institutional Investors'Field Research,Political Affiliation and Corporate"Greenwashing"Behavior
The imbalance between environmental and economic development is becoming more and more serious,and green devel-opment has become the focus of China's current efforts.The result shows that the field research of institutional investors has a significant inhibiting effect on the"green"behavior of enterprises;further,in order to explore the relationship be-tween institutional investors and the"green"behavior of enterprises,the study finds that the"green"behavior of enter-prises has a significant inhibiting effect on the"green"behavior of enterprises.Further,in order to investigate the gov-ernance mechanism between field research and corporate"greenwashing"behavior,the factor of political affiliation is in-troduced,and it is found that the higher the degree of corporate political affiliation,the better the inhibiting effect of in-stitutional investors'field research on corporate"greenwashing"behavior,and this effect is more significant in private enterprises.This paper is important for promoting the management of corporate"greenwashing"and promoting the fulfill-ment of corporate environmental responsibility.
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