Afsay, A. , Nadiri, M. and Kazemnezhad, T. (2025). The Mediating Role of Environmental, Social and Corporate Governance Performance in the Relationship between Female Managers and Company Financialization. Journal of Accounting and Social Interests, 15(1), 49-72. doi: 10.22051/jaasci.2025.48329.1879
افسای، اکرم؛ ندیری، محمد؛ کاظم نژاد، تیلا. (1404). نقش میانجی عملکرد زیست محیطی، اجتماعی و حاکمیتشرکتی در رابطه بین حضور مدیران زن و سطح مالیشدن شرکت. حسابداری و منافع اجتماعی، 15(1)، 72-49.
Aguinis, H. & Glavas, A. (2012) What we know and don't know about corporate social responsibility: a review and research. Journal of Management, 38, 932–968.
تفتیان، اکرم؛ منصوری محمدآبادی، فاطمه؛ آبی پور، زهرا. (1403) بررسی رابطه بین ویژگیهای رفتاری هیئتمدیره و گزارشگری زیستمحیطی شرکت با رویکرد ایستا و پویا. دو فصلنامه حسابداری ارزشی و رفتاری. ۹ (۱۷) :۱۸۹-۲۲۳
Alawattage, C., Jayathileka, C., Hitibandara, R. & Withanage, S. (2023) Moral economy, performative materialism, and political rhetorics of sustainability accounting. Critical Perspectives on Accounting, 95, 102507.
جندقی، مهسا؛ نادری بنی، محمود؛ طباطبائی نسب، سید محمد و سبکرو، مهدی. (۱۴۰۱). مرور نظاممند پیامدهای سبزنمایی با استفاده از رویکرد فراترکیب. نشریه چشمانداز مدیریت بازرگانی، ۲۱(۵۱)، ۷۱-۱۰۰.
Apaolaza, V., Policarpo, M.C., Hartmann, P., Paredes, M.R. & D'Souza, C. (2023) Sustainable clothing: why con spicuous consumption and greenwashing matter. Business Strategy and the Environment, 32(6), 3766–3782.
حسینی، مریم السادات؛ لعلبار، علی . (1404). نقش دوگانه هوش مصنوعی در سبزشویی شرکتی مرور ادبیات و مسیرهای پژوهشی آینده. فصلنامه اقتصاد محیط زیست و منابع طبیعی. 5 (12).
Berrone, P., Fosfuri, A. & Gelabert, L. (2017) Does greenwashing pay off? Understanding the relationship between environmental actions and environmental legitimacy. Journal of Business Ethics, 144, 363–379.
دوستی ایرانی، مهناز؛ باصولی، مهدی و اسعدی، میرمحمد. (۱۴۰۲). بازاریابی سبز و سبزشویی ادراک شده: راهکارهایی برای بازاریابان اقامتگاههای سبز گردشگری در ایران. فصلنامه علمی-پژوهشی گردشگری و توسعه، ۱۲(۴)، .۱۴۱-۱۵۶.
Bhuiyan, F., Rana, T., Baird, K. & Munir, R. (2023) Strategic outcome of competitive advantage from corporate sustainability practices: institutional theory perspective from an emerging economy. Business Strategy and the Environment, 32, 4217–4243.
رضایی، فاطمه؛ خاقانی، سعید و اسلامی، یحیی. (۱۴۰۴). از سبزشویی تا معماری پایدار. نشریه علمی باغ نظر، ۲۲(۱۴۸)، ۳۷-۴۸.
Bowen, F. & Aragon- Correa, J.A. (2014) Greenwashing in corporate environmentalism research and practice: the importance of what we say and do. Organization & Environment, 27, 107–112.
سازمان حسابرسی. (۱۴۰۲). استاندارد حسابداری بخش عمومی شماره ۴۳: افشای اطلاعات پایداری. تهران: سازمان حسابرسی.
Brandon, R.G., Glossner, S., Krueger, P., Matos, P. & Steffen, T. (2022) Do responsible investors invest responsibly? Review of Finance, 26, 1389–1432.
علی محمدی، پروانه؛ یوسفیامین، زهرا؛ حسینی، سیده عاطفه. (1402). تبیین الگوی گزارشگری مسئولیت اجتماعی در ایران با استفاده از روش نظریه بنیاد. دو فصلنامه حسابداری ارزشی و رفتاری. ۸ (۱۵) :۲۴۹-۲۹۶
Carlson, L., Grove, S. J., & Kangun, N. (1993). A content analysis of environmental advertising claims: A matrix method. Journal of advertising, 22(3), 27-39 .
فتورهچی، زهرا؛ پورامینی، زهرا؛ سلمانزاده، لیلا. (1399). بررسی تأثیر تعهد به مسـئولیت اجتمـاعی و بازاریـابی سـبز بـر عملکـرد محیط زیستی شرکتها. آموزش محیط زیست و توسعه پایدار، 9 (1)، 108-95.
Changing Markets. (2021) Synthetics anonymous: fashion brands' addiction to fossil fuels. Changing Markets. Available from: https:// chang ingma rkets. org/ report/ synth etics - anony mous- fashi on- brand s- addic tion- to- fossi l- fuels/ [Accessed 16th April 2024].
فرهادینژاد، محسن؛ صابری، عطیه و باقرنژاد حمزه کلائی، محمد ابراهیم. (۱۴۰۲). شناسایی و تبیین مصادیق سبز شویی در صنعت هتلداری ایران. مطالعات مدیریت گردشگری، ۱۸(۶۱)، ۳۵-۶۴.
Chen, Q. & Duan, Y. (2023) Impact of information disclosure on global supply chain greenwashing: is more infor mation transparency always better? Transportation Research Part E: Logistics and Transportation Review, 178, 103288.
موسوی، سیدنجم الدین؛ ساعدی، عبداله. (1403). تأثیر اینرسی دانشی بر پدیده سبزشویی با نقش میانجی تضعیف رقابتپذیری در شرکتهای دانشبنیان. فصلنامه علمی آموزش محیط زیست و توسعه پایدار. 13 (2)، 185-167.
Chen, Y.- S. & Chang, C.- H. (2013) Greenwash and green trust: the mediation effects of green consumer confusion and green perceived risk. Journal of Business Ethics, 114, 489–500.
نقدی، سجاد و جدی، رقیه. (۱۴۰۲). ارائه الگوی سبزنمایی در گزارشگری شرکتها با استفاده از رهیافت فراترکیب و آنتروپی شانون. حسابداری ارزشی و رفتاری، ۸(۱۶)، ۱-۴۴.
Clarkson, P.M., Li, Y. & Richardson, G.D. (2004) The market valuation of environmental capital expenditures by pulp and paper companies. The Accounting Review, 79, 329–353.
Coen, D., Herman, K. & Pegram, T. (2022) Are corporate climate efforts genuine? An empirical analysis of the cli mate ‘talk–walk’ hypothesis. Business Strategy and the, 31, 3040–3059.
Cooper, L.A. & Weber, J. (2021) Does benefit corporation status matter to investors? An exploratory study of inves tor perceptions and decisions. Business & Society, 60, 979–1008.
Cooper, S.A., Raman, K.K. & Yin, J. (2018) Halo effect or fallen angel effect? Firm value consequences of green house gas emissions and reputation for corporate social responsibility. Journal of Accounting and Public Policy, 37, 226–240.
Criado- Jiménez, I., Fernández- Chulián, M., Larrinaga- González, C. & Husillos- Carqués, F.J. (2008) Compliance with mandatory environmental reporting in financial statements: the case of Spain (2001–2003).
D'Arcy, J., Adjerid, I., Angst, C.M. & Glavas, A. (2020) Too good to Be true: firm social performance and the risk of data breach. Information Systems Research, 31, 1200–1223.
Darendeli, A., Law, K.K.F. & Shen, M. (2022) Green new hiring. Review of Accounting Studies, 27, 986–1037.
Dau, L.A., Li, J., Lyles, M.A. & Chacar, A.S. (2022) Informal institutions and the international strategy of MNEs: effects of institutional effectiveness, convergence, and distance. Journal of International Business, 53, 1257–1281.
De Meyst, K.J., Cardinaels, E. & Van Den Abbeele, A. (2023) CSR disclosures in buyer–seller markets: the impact of assurance of CSR disclosures and incentives for CSR investments. Accounting, Organizations and Society. https:// doi. org/ 10. 1016/j. aos. 2023. 101498 .
Delmas, M.A. & Burbano, V.C. (2011) The drivers of greenwashing. California Management Review, 54, 64–87.
Delmas, M.A. & Gergaud, O. (2021) Sustainable practices and product quality: is there value in eco- label certifica tion? The case of wine. Ecological Economics, 183, 106953.
Dhanda, K.K. (2014) The role of carbon offsets in achieving carbon neutrality: an exploratory study of hotels and resorts. International Journal of Contemporary Hospitality, 26, 1179–1199.
Dong, C., Huang, Q., Pan, Y., Ng, C.T. & Liu, R. (2023) Logistics outsourcing: effects of greenwashing and block chain technology. Transportation Research Part E: Logistics and Transportation Review, 170, 103015.
Du, X. (2015) How the market values greenwashing? Evidence from China. Journal of Business Ethics, 128, 547–574.
Du, X., Chang, Y., Zeng, Q., Du, Y. & Pei, H. (2025) Corporate environmental responsibility (CER) weakness, media coverage, and corporate philanthropy: evidence from China. Asia Pacific Journal of Management, 33, 551–581.
Du, X., Jian, W., Zeng, Q. & Chang, Y. (2018) Do auditors applaud corporate environmental performance? Evidence from China. Journal of Business Ethics, 151, 1049–1080.
Eliwa, Y., Aboud, A. & Saleh, A. (2023) Board gender diversity and ESG decoupling: does religiosity matter? Business Strategy and the Environment, 32, 4046–4067.
Finger, M., Gavious, I. & Manos, R. (2018) Environmental risk management and financial performance in the bank ing industry: a cross- country comparison. Journal of International Financial Markets Institutions and Money, 52, 240–261.
Font, X. (2002) Environmental certification in tourism and hospitality: progress, process and prospects. Tourism Management, 23, 197–205.
Font, X., Walmsley, A., Cogotti, S., McCombes, L. & Häusler, N. (2012) Corporate social responsibility: the disclo sure–performance gap. Tourism Management, 33, 1544–1553.
Galletta, S., Mazzu, S., Naciti, V., & Paltrinieri, A. (2024). A PRISMA systematic review of greenwashing in the banking industry: A call for action. Research in International Business and Finance 102262. doi:10.1016/j.ribaf.2024.102262.
Gatti, L., Pizzetti, M. & Seele, P. (2021) Green lies and their effect on intention to invest. Journal of Business Research, 127, 228–240.
Geerts, W. (2014) Environmental certification schemes: hotel managers' views and perceptions. International Journal of Hospitality Management, 39, 87–96.
Ginder, W., Kwon, W.- S. & Byun, S.- E. (2021) Effects of internal–external congruence- based CSR positioning: an attribution theory approach. Journal of Business Ethics, 169, 355–369.
Goffetti, G., Böckin, D., Baumann, H., Tillman, A.M. & Zobel, T. (2022) Towards sustainable business models with a novel life cycle assessment method. Business Strategy and the Environment, 31, 2019–2035.
Gosselt, J.F., Van Rompay, T. & Haske, L. (2019) Won't get fooled again: the effects of internal and external CSR ECO. Journal of Business Ethics, 155, 413–424.
Gray, S.G., Sütterlin, B., Siegrist, M. & Árvai, J. (2020) The benefit of virtue signaling: corporate sleight- of- hand positively influences consumers' judgments about “social license to operate”. Journal of Environmental Management, 260, 110047.
Gräuler, M., & Teuteberg, F. (2014). Greenwashing in Sustainability Communication–An Investigation of Trust-Building Factors. In Environmental and Sustainability Management Accounting Network Conference-Rotterdam.
Guix, M., Ollé, C. & Font, X. (2022) Trustworthy or misleading communication of voluntary carbon offsets in the aviation. Tourism Management, 88, 104430.
Gull, A.A., Hussain, N., Khan, S.A., Mushtaq, R. & Orij, R. (2023) The power of the CEO and environmental decou pling. Business Strategy and the Environment, 32, 3951–3964.
Guo, R., Zhang, W., Wang, T., Li, C.B. & Tao, L. (2018) Timely or considered? Brand trust repair strategies and mechanism after greenwashing in China—from a legitimacy perspective. Industrial Marketing Management, 72, 127–137.
Hahn, R. & Lülfs, R. (2014) Legitimizing negative aspects in GRI- oriented sustainability reporting: a qualitative analysis of corporate disclosure strategies. Journal of Business Ethics, 123, 401–420.
He, R., Luo, L., Shamsuddin, A. & Tang, Q. (2022) Corporate carbon accounting: a literature review of carbon ac counting research from the Kyoto protocol to the Paris agreement. Accounting and Finance, 62, 261–298.
Hsiao, P.C., de Villiers, C., Horner, C. & Oosthuizen, H. (2022) A review and synthesis of contemporary sus tainability accounting research and the development of a research agenda. Accounting and Finance, 62, 4453–4483.
Hu, S., Wang, A. & Du, K. (2023) Environmental tax reform and greenwashing: evidence from Chinese listed com panies. Energy Economics, 124, 106873.
Huang, R. & Chen, D. (2015) Does environmental information disclosure benefit waste discharge reduction? Evidence from China. Journal of Business Ethics, 129, 535–552.
Huang, R., Xie, X. & Zhou, H. (2022) ‘Isomorphic’ behavior of corporate greenwashing. Chinese Journal of Population, Resources, 20, 29–39.
In, S.Y., & Schumacher, K. (2021) Carbonwashing: A New Type of Carbon Data- Related ESG Greenwashing, Working paper. Available at: https:// www. ssrn. com/ abstr act= 3901278.
Ioannou, I., Kassinis, G. & Papagiannakis, G. (2023) The impact of perceived greenwashing on customer satisfac tion and the contingent role. Journal of Business Ethics, 185, 333–347.
Journal of Business Ethics, 79, 245–262. Dahlmann, F., Branicki, L. & Brammer, S. (2019) Managing carbon aspirations: the influence of corporate climate change targets on environmental performance. Journal of Business Ethics, 158, 1–24.
Kassinis, G. & Panayiotou, A. (2018) Visuality as greenwashing: the case of BP and deepwater horizon. Organization & Environment, 31, 25–47
Kassinis, G.I., Kay, A.A., Papagiannakis, G. & Vlachos, P.A. (2022) Stigma as moral insurance: how stigma buffers firms from the market consequences of greenwashing. Journal of Management Studies, 59, 2154–2190.
Kim, E.- H. & Lyon, T.P. (2011) Strategic environmental disclosure: evidence from the DOE's voluntary greenhouse gas registry. Journal of Environmental Economics and, 61, 311–326.
Kim, E.- H. & Lyon, T.P. (2015) Greenwash vs. brownwash: exaggeration and undue modesty in corporate sustain ability. Organization Science, 26, 705–723.
Kim, J., Fairclough, S. & Dibrell, C. (2017) Attention, action, and greenwash in family- influenced firms? Evidence from polluting industries. Organization & Environment, 30, 304–323.
Knight, H., Haddoud, M.Y. & Megicks, P. (2022) Determinants of corporate sustainability message sharing on social media: a configuration approach. Business Strategy, 31, 633–647.
Larcker, D.F., Tayan, B. & Watts, E.M. (2022) Seven myths of ESG. European Financial Management, 28, 869–882. Laufer, W.S. (2003) Social accountability and corporate greenwashing. Journal of Business Ethics, 43, 253–261.
Lee, M.T. & Raschke, R.L. (2023) Stakeholder legitimacy in firm greening and financial performance: what about greenwashing temptations. Journal of Business Research, 155, 113393.
Li, W., Li, W., Seppänen, V. & Koivumäki, T. (2023) Effects of greenwashing on financial performance: moderation through local environmental regulation and media coverage. Business Strategy and the Environment, 32, 820–841.
Liang, H., Sun, L. & Teo, M. (2022) Responsible hedge funds. Review of Finance, 26, 1585–1633. Liao, F., Sun, Y. & Xu, S. (2023) Financial report comment letters and greenwashing in environmental, social and governance disclosures. Energy Economics, 127, 107122.
Lintukangas, K., Arminen, H., Kähkönen, A.- K. & Karttunen, E. (2023) Determinants of supply chain engagement in carbon management. Journal of Business Ethics, 186, 87–104.
Lyon, T.P. & Maxwell, J.W. (2011) Greenwash: corporate environmental disclosure under threat. Journal of Economics and Management Strategy, 20, 3–41.
Lyon, T.P. & Montgomery, A.W. (2013) Tweetjacked: the impact of social media on corporate greenwash. Journal of Business Ethics, 118, 747–757.
Lyon, T.P. & Montgomery, A.W. (2015) The means and end of greenwash. Organization & Environment, 28, 223–249.
Majeed, S. & Kim, W.G. (2023) A reflection of greenwashing practices in the hospitality industry: a scoping review. International Journal of Contemporary Hospitality, 35, 1125–1146.
Manetti, G., Bellucci, M. & Oliva, S. (2021) Unpacking dialogic accounting: a systematic literature review and re search agenda. Accounting, Auditing & Accountability Journal, 34, 250–283.
Marquis, C., Toffel, M.W. & Zhou, Y. (2016) Scrutiny, norms, and selective disclosure: a global study of greenwash ing. Organization Science, 27, 483–504.
Matthes, J. (2019) Uncharted territory in research on environmental advertising: toward an organizing framework. Journal of Advertising, 48, 91–101.
Meisinger, N. (2022) A tragedy of intangible commons: riding the socioecological wave. Ecological Economics, 193, 107298.
Mishra, T., Park, D., Parhi, M., Uddin, G.S. & Tian, S. (2023) A memory in the bond: green bond and sectoral invest ment interdependence in a fractionally cointegrated VAR framework. Energy Economics, 121, 106652.
Munasinghe, A., Cuckston, T. & Rowbottom, N. (2021) Sustainability certification as marketisation: rainforest Alliance in the Sri Lankan tea production industry. Accounting Forum, 45, 247–272.
Nguyen, T., Nguyen, K., Cao, T. & Le, V.A. (2021) The impact of corporate greenwashing behavior on Consumers' purchase intentions of green electronic devices: an empirical study in Vietnam. Journal of Asian Finance Economics and Business, 8, 229–240.
Nygaard, A. & Silkoset, R. (2023) Sustainable development and greenwashing: how blockchain technology informa tion can empower green consumers. Business Strategy and the Environment, 32(6), 3801–3813.
Orser, B., Coleman, S., & Li, Y. (2020) Progress or pinkwashing: who benefits from digital women- focused capital?. Small Business Economics, 55, 363–387.
Rahman, S.U. & Nguyen- Viet, B. (2023) Towards sustainable development: coupling green marketing strate gies and consumer perceptions in addressing greenwashing. Business Strategy and the Environment, 32, 2420–2433.
Robertson, J.L., Montgomery, A.W. & Ozbilir, T. (2023) Employees' response to corporate greenwashing. Business Strategy and the, 32, 4015–4027.
Roulet, T.J. & Touboul, S. (2015) The intentions with which the road is paved: attitudes to liberalism as determinants of greenwashing. Journal of Business Ethics, 128, 305–320.
Seele, P., & Schultz, M.D. (2022) From greenwashing to machinewashing: a model and future directions derived from reasoning by analogy. Journal of Business Ethics, 178, 1063–1089.
Siano, A., Vollero, A., Conte, F. & Amabile, S. (2017) “More than words”: expanding the taxonomy of greenwashing after the Volkswagen scandal. Journal of Business Research, 71, 27–37.
Smith, V.L. & Font, X. (2014) Volunteer tourism, greenwashing and understanding responsible marketing using market signalling theory. Journal of Sustainable Tourism, 22, 942–963.
Smith, V.L. & Font, X. (2015) Marketing and communication of responsibility in volunteer tourism. Worldwide Hospitality and Tourism Themes, 7, 159–180.
Sneideriene, A., Legenzova, R., 2025. Greenwashing prevention in environmental, social, and governance (ESG) disclosures: a bibliometric analysis. Res. Int. Bus. Financ., 102720
Sterbenk, Y., Champlin, S., Windels, K. & Shelton, S. (2022) Is femvertising the new greenwashing? Examining cor porate commitment to gender equality. Journal of Business Ethics, 177, 491–505.
Szabo, S. & Webster, J. (2021) Perceived greenwashing: the effects of green marketing on environmental and product perceptions. Journal of Business Ethics, 171, 719–739.
Tao, R., Wu, J. & Zhao, H. (2023) Do corporate customers prefer socially responsible suppliers? An instrumental stakeholder theory perspective. Journal of Business Ethics, 185, 689–712.
TerraChoice. (2010) Sins of greenwashing. UL solutions. Available from: https:// www. ul. com/ insig hts/ sins- green washing [Accessed 16th April 2024].
Testa, F., Boiral, O. & Iraldo, F. (2018) Internalization of environmental practices and institutional complexity: can stakeholders pressures encourage greenwashing? Journal of Business Ethics, 147, 287–307.
Testa, F., Iovino, R. & Iraldo, F. (2020) The circular economy and consumer behaviour: the mediating role of infor mation seeking in buying circular packaging. Business Strategy and the Environment, 29, 3435–3448.
Torelli, R., Balluchi, F. & Lazzini, A. (2020) Greenwashing and environmental communication: effects on stakehold ers' perceptions. Business Strategy and the Environment, 29, 407–421.
Valdivielso, J. & Moranta, J. (2019) The social construction of the tourism degrowth discourse in the Balearic Islands. Journal of Sustainable Tourism, 27, 1876–1892. Vangeli, A., Małecka, A., Mitręga, M. & Pfajfar, G. (2023) From greenwashing to green B2B marketing: a systematic literature review. Industrial Marketing Management, 115, 281–299.
Vedantam, A., Demirezen, E.M. & Kumar, S. (2021) Trade- in or sell in my P2P marketplace: a game theoretic analy sis of profit and environmental impact. Production and Operations Management, 30, 3923–3942.
Walker, K. & Wan, F. (2012) The harm of symbolic actions and green- washing: corporate actions and commu nications on environmental performance and their financial implications. Journal of Business Ethics, 109, 227–242.
Wang, X., M. Zhao, and L. Cheng. (2026). Lies Behind the Green: Can Business Strategy Lead to Greenwashing? Business Process Management Journal ahead of print.
Wu, Y., Zhang, K. & Xie, J. (2020) Bad greenwashing, good greenwashing: corporate social responsibility and infor mation. Management Science, 66, 3095–3112.
Xing, C., Zhang, Y. & Tripe, D. (2021) Green credit policy and corporate access to bank loans in China: the role of environmental disclosure and green innovation. International Review of Financial Analysis, 77, 101838.
Xu, M., Tse, Y. K., Geng, R., Liu, Z., & Potter, A. (2025). Greenwashing and market value of firms: An empirical study. International Journal of Production Economics, 284.
Yang, R. (2022) What do we learn from ratings about corporate social responsibility? New evidence of uninformative ratings. Journal of Financial Intermediation, 52, 100994.
Zhang, D. (2022) Environmental regulation, green innovation, and export product quality: what is the role of gre enwashing? International Review of Financial Analysis, 83, 102311.
Zhang, D. (2023) Does green finance really inhibit extreme hypocritical ESG risk? A greenwashing perspective exploration. Energy Economics, 121, 106688.
حسابداری ارزشی و رفتاری