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Ziyao Peng

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Aug 2026

Why Do Firms Greenwash?

With the development of green consumption and environmental, social and governance (ESG) investment, greenwashing - the act of presenting an exaggerated environmentally friendly image - has also been spreading. Economically, in this paper, greenwashing is viewed as a market failure caused by information asymmetry and a...

Ziyao Peng · 0 citations

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