CEO turnover and ESG greenwashing: evidence from China

被引：1
|
作者：
Niu, Zhuangzhuang [1 ]
Zhu, Yunfu [1 ]
Wang, Yuting [1 ]
Zhong, Ma [1 ]
机构：
[1] Nanjing Forestry Univ, Coll Econ & Management, 159 Longpan Rd, Nanjing 210037, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
基金：
中国国家自然科学基金;
关键词：
CEO turnover; ESG; greenwashing; performance pressure; PERFORMANCE; SUCCESSION;
D O I：
10.1080/13504851.2024.2345317
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
To extend the literature on the drives of greenwashing in environment, social, and governance (ESG), we examine the impact of CEO turnover on ESG greenwashing. Using data of the 2009-2022 Chinese firms, we find that CEO turnover increases ESG greenwashing. Moreover, this effect is stronger for firms whose CEO successors come from outside the firm, and are under higher performance pressure. Our results suggest that after firms have experienced CEO turnover, new CEOs will tend to engage in ESG greenwashing to secure their position.
引用
收藏
页数：5
相关论文
共 50 条
  • [1] ESG greenwashing and equity mispricing: Evidence from China
    Lin, Xudong
    Zhu, Hao
    Meng, Yiqun
    [J]. FINANCE RESEARCH LETTERS, 2023, 58
  • [2] Executive pay gap and corporate ESG greenwashing: Evidence from China
    Li, Menghan
    Chen, Qi
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 95
  • [3] Official Turnover and Corporate ESG Practices: Evidence from China
    Yang, Youde
    Xu, Guanghua
    Li, Ruiqian
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (18) : 51422 - 51439
  • [4] Official Turnover and Corporate ESG Practices: Evidence from China
    Youde Yang
    Guanghua Xu
    Ruiqian Li
    [J]. Environmental Science and Pollution Research, 2023, 30 : 51422 - 51439
  • [5] Does Social Media Pressure Induce Corporate Hypocrisy? Evidence of ESG Greenwashing from China
    Long, Li
    Wang, Chunze
    Zhang, Min
    [J]. JOURNAL OF BUSINESS ETHICS, 2024,
  • [6] The effect of political turnover on corporate ESG performance: Evidence from China
    Yang, Chao
    Hao, Wenhan
    Song, Di
    [J]. PLOS ONE, 2023, 18 (07):
  • [7] CEO turnover shock and green innovation: Evidence from China
    Yu, Lin
    Lv, Haixia
    Fung, Anna
    Feng, Keyou
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 92 : 894 - 908
  • [8] Do pilot zones for green finance reform and innovation avoid ESG greenwashing? Evidence from China
    Tong, Youxia
    Lau, Yeng Wai
    Ngalim, Siti Manisah Binti
    [J]. HELIYON, 2024, 10 (13)
  • [9] ESG and CEO turnover around the world
    Colak, Gonul
    Korkeamaki, Timo P.
    Meyer, Niclas Oskar
    [J]. JOURNAL OF CORPORATE FINANCE, 2024, 84
  • [10] Does CEO turnover matter in China? Evidence from the stock market
    Pessarossi, Pierre
    Weill, Laurent
    [J]. JOURNAL OF ECONOMICS AND BUSINESS, 2013, 70 : 27 - 42
12345