Can Audit Quality Suppress"Greenwashing"Behavior?:Based on the Perspective of Corporate Reputation
As an external supervision method,audit can reduce financing constraints and agency costs,improve the effectiveness of internal control,enhance corporate performance and reputation,and reduce internal risks.Audit supervision may become an important means to curb greenwashing behavior.Taking heavily polluting A-share listed companies from 2015 to 2020 as the research object,based on information asymmetry theory and internal control theory,their impact and mechanism on corporate"greenwashing"behavior are investigated from the perspective of audit quality.It is found that audit quality has a significant inhibitory effect on"greenwashing"behavior.Mechanism analysis shows that audit quality can suppress"greenwashing"behavior by improving corporate reputation.Heterogeneity analysis shows that in enterprises with high media attention,low operational risk,and high degree of digital transformation,audit quality has a better inhibitory effect on corporate"greenwashing"behavior.Therefore,in the process of promoting the smooth operation of green finance,it is necessary to strengthen audit supervision,handle the risk of"greenwashing"in the process of green and low-carbon transformation,and urge enterprises to implement the concept of green development.
audit qualitygreenwashingcorporate reputationinformation asymmetrygreen development
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