Zhuangzhuang Niu

Mr. Zhuangzhuang Niu

orcid

Research Focus & Metrics

Academic Career Length

2Years (2025-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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23 October 2025 in Economic Analysis and Policy
Verified
Journal Article
Closed access
MZMa Zhong
Ma Zhong
ZNZhuangzhuang Niu
Zhuangzhuang Niu
YZYunfu Zhu
Yunfu Zhu
Ruiqian LiRuiqian Li
Ruiqian Li

3 April 2026 in Research in International Business and Finance
Verified
Journal Article
Closed access
YGYueqin Guan
Yueqin Guan
ZNZhuangzhuang Niu
Zhuangzhuang Niu
LXLiping Xu
Liping Xu

22 June 2025 in Sustainability
Verified
Journal Article
Open access
PDF file
YWYuting Wang
Yuting Wang
ZNZhuangzhuang Niu
Zhuangzhuang Niu
伟钟伟 钟
伟 钟
MZMa Zhong
Ma Zhong
In 2020, the Chinese government announced the “Dual Carbon” goals, making carbon responsibility the most prominent focus within the Environmental, Social, and Governance (ESG) practices of Chinese firms. This shift creates a new type of ESG-washing, a practice involving the selective disclosure of information that portrays the firm in a favorable light, thereby leading stakeholders to overestimate its ESG performance. In this study, we define a novel type of ESG-washing behavior called “ESG carbonwashing”, in which firms disproportionately highlight their carbon responsibility initiatives while overlooking other dimensions of ESG. By adopting a strategy of excessively emphasizing their carbon-related efforts in ESG activities, these firms mislead stakeholders about their overall ESG performance. Using a sample of 59 high-carbon-emitting firms listed on the Shanghai and Shenzhen A-share markets from 2018 to 2022, we construct a systematic framework to measure the extent of ESG carbonwashing and further analyze its temporal and industry-level variations. Our key findings indicate that: (1) ESG carbonwashing has significantly increased alongside the rollout of the “Dual Carbon” policy; (2) there are significant inter-industry differences, with the steel and aviation sectors exhibiting the highest levels of ESG carbonwashing, while the building materials industry shows the lowest. This study offers valuable guidance for ESG information users in detecting and mitigating carbonwashing practices, while also providing robust empirical support for refining relevant regulatory frameworks.

14 October 2025 in Letters in Spatial and Resource Sciences
Verified
Journal Article
Closed access
PDF file
ZNZhuangzhuang Niu
Zhuangzhuang Niu