Talk the talk, but walk the walk: what do we know about marital demography and corporate greenwashing?

Du, Xingqiang; Zeng, Qing; Zhang, Ying

doi:10.1017/jmo.2021.12

Cited by 8 publications

(3 citation statements)

References 83 publications

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“…In contrast, a narcissistic CEO only communicates ideologies and virtuousness to impress the stakeholders and gain reputational insurance (Zachary et al , 2021). Studies have suggested that certain executives treat virtuousness as a window dressing without fulfilling their CSR responsibilities (Du et al , 2021). Though CEOs with specific traits may prefer to decouple from virtue rhetoric rather than enacting them, narcissistic CEOs are less likely to do so, given their self-image and reputation concerns.…”

Section: Discussionmentioning

confidence: 99%

CEO narcissism and CSR: role of organizational virtue orientation

Agnihotri,

Bhattacharya

2023

SBR

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Purpose This study aims to explore how CEO narcissism drives investment in corporate social responsibility (CSR) and its mediating mechanism. Design/methodology/approach This study includes panel regression based on archival data. Findings CEO narcissism leads to signaling of organizational virtuous orientation that results in increase in CSR investment. Originality/value Relevance of CEO traits on CSR remains unexplored in emerging markets context, especially the underlying mechanism. This study uncovers these mechanisms.

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Section: Discussionmentioning

confidence: 99%

CEO narcissism and CSR: role of organizational virtue orientation

Agnihotri,

Bhattacharya

2023

SBR

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“…The contributions of this paper are reflected in the following aspects: First, in previous studies, environmental responsibility is seldom carried out from the perspective of greenwashing under the background of internationalization of Chinese listed companies, which is a useful supplement to existing research [30,63,64] Second, diving factors of greenwashing from host countries are usually considered, such as institutional distance, which is used for researching the internationalization issues of an emerging market [1]. Compared with the above research, the driving factors of legitimacy pressures of a home country, including environmental regulation, public pressure, and industry pressure, are included in the scope of our research, and the theoretical mechanism is constructed.…”

Section: Discussionmentioning

confidence: 99%

Relationship between the Degree of Internationalization and Greenwashing of Environmental Responsibilities in China-Based on the Legitimacy Perspective

2022

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Based on the legitimacy theory, A-share-listed companies in the Shanghai and Shenzhen Stock Exchanges from 2007 to 2018 are taken as the research sample. This paper explores the internal mechanism of how internationalization degree affects the greenwashing behavior of Chinese multinational enterprises, and tests the moderating mechanism of legitimacy pressures from the home country. The findings are as follows: First, under the background of internationalization, enterprises are more inclined to greenwash, and this tendency is more obvious with the increase in internationalization degree. Second, in the full sample analysis, the moderating effects of environmental regulation, public pressure, and industry pressure are not statistically significant. Third, the moderating effect of legitimacy pressures varies due to the heterogeneity of regions and property rights of the enterprises. The statistical significance of the moderating effect is affected by the diversity of environmental regulation measures, but it can be roughly concluded that the eastern and western regions show a negative moderating effect, and the central region shows a positive moderating effect. The current moderating effect of public pressure is much stronger than the lagging moderating effect, and it shows obvious regional and property rights differences. The moderating effect of industry pressure also shows obvious regional and property rights differences.

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“…Previous research in environmental accounting has concentrated on the relationship between corporate environmental performance and firm value [2][3][4][5][6][7]. Similarly, there is substantial empirical evidence that changes in the environmental performance of firms affect the behavior of a wide range of stakeholders, including shareholders, directors, creditors, analysts, and regulators [8][9][10]. However, there is relatively little empirical research on what motivates firms to choose different environmental strategies, such as corporate environmental expenditures.…”

Section: Introductionmentioning

confidence: 99%

Environmental legislation and capitalization of corporate environmental expenditure: Evidence from China

Wang

Chen

2022

PLoS ONE

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Although corporate environmental performance has received widespread attention and its economic consequences have been studied in the literature, little is known about the motivation of firms to choose different environmental strategies (corporate environmental expenditures). Constructing an indicator for the capitalization of corporate environmental expenditures, we explore corporate environmental strategies. This paper investigates the impact of environmental legislation on the capitalization of corporate environmental expenditures. By analyzing data on manual environmental expenditures of Chinese listed companies from 2011 to 2020, we find that implementing the new Environmental Protection Law (EPL) can enhance the capitalization of corporate environmental expenditures of high polluting firms. The effect is stronger for firms with higher external legitimacy pressures, such as those with greater public supervision and environmental enforcement. Firms with more internal resources are more likely to experience this effect, as evidenced by lower financing constraints and less managerial myopia. Further mechanistic studies suggest that implementing new EPL raises environmental media attention and perceived environmental risk among high polluting firms. This paper contributes to the environmental accounting literature by introducing a novel measure of corporate environmental strategy—the capitalization of corporate environmental expenditures. It investigates the effect of environmental regulation on the capitalization of corporate environmental expenditures to provide a reference for polluting firms’ corporate environmental strategy and the implementation of the EPL in China.

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Talk the talk, but walk the walk: what do we know about marital demography and corporate greenwashing?

Cited by 8 publications

References 83 publications

CEO narcissism and CSR: role of organizational virtue orientation

CEO narcissism and CSR: role of organizational virtue orientation

Relationship between the Degree of Internationalization and Greenwashing of Environmental Responsibilities in China-Based on the Legitimacy Perspective

Environmental legislation and capitalization of corporate environmental expenditure: Evidence from China

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