| Title: |
Corporate Governance Role in Greenwashing and Firm Value Nexus. |
| Authors: |
Islahuddin, Islahuddin1 (AUTHOR) islahuddin@usk.ac.id; Diantimala, Yossi1 (AUTHOR); Ayudiastika, Zera1 (AUTHOR); Aprullah, Muhammad Putra1 (AUTHOR) |
| Source: |
International Journal of Financial Studies. Mar2026, Vol. 14 Issue 3, p60. 26p. |
| Subject Terms: |
*GREENWASHING; *CORPORATE governance; *ENVIRONMENTAL, social, & governance factors; *MARKET capitalization; *ENERGY industries; *CORPORATE directors; MODERATION; INDONESIANS |
| Geographic Terms: |
INDONESIA |
| Abstract: |
This study investigates how greenwashing affects firm value and whether corporate governance can mitigate its negative impact. The analysis is based on 760 companies in the energy, basic materials, and industrial sectors in Indonesia during 2020–2024. Moderated regression analyses using a random effect model were conducted to test the hypotheses. The results show that greenwashing has a significant negative relationship with firm value. As hypothesized, corporate governance weakens this negative effect, indicating it reduces greenwashing's impact. This study offers novelty by combining the presence of CSR committees and internationally experienced directors as measures of corporate governance to examine their moderating role in the relationship between greenwashing and firm value. [ABSTRACT FROM AUTHOR] |
| : |
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| Database: |
Business Source Premier |