Research and publications
The Agency of Greenwashing
As climate change increasingly challenges business models, the disclosure of firm environmental performance casts growing attention by corporate stake ...
Author(s):
Gianfranco Gianfrate, Marco Ghitti, Lorenza Palma
Summary:
As climate change increasingly challenges business models, the disclosure of firm environmental performance casts growing attention by corporate stakeholders. This creates wider opportunities and incentives for greenwashing behaviors.
We propose a novel measure of greenwashing and investigate its determinants and consequences for US firms.
We show the that board characteristics are variously associated with the apparent degree of corporate greenwashing.
Importantly, we find that greenwashing reduces firm value
Register to download PDF
Register/Log in| Type : | EDHEC Publication |
|---|---|
| Date : | 16/02/2022 |
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
