Greenwashing and CEO Integrity

Jahr: 2023

Typ: Journal Publication

Fachzeitschrift: Accountability in a Sustainable World Quarterly

Abstract

CEO integrity influences greenwashing—voluntary environmental disclosures that do not reflect actual performance. While a strong green reputation benefits firms, misleading disclosures can harm a CEO’s credibility. Low-integrity CEOs are more likely to engage in greenwashing, while high-integrity CEOs avoid reputational risks. Investors and ESG analysts consider CEO integrity when assessing disclosures, impacting stock returns and ESG ratings. CEO integrity may help explain ESG rating divergence.

Veröffentlichungsinformationen

TRR 266 researchers

Christian Hofmann LMU Munich

Christian Hofmann is Professor for Accounting and Control at Ludwig-Maximilians-University (LMU) of Munich. His research focus is on the usefulness of accounting information in capital markets and for performance evaluation. His current work concentrates on the incentives in hierarchies and dynamic incentives. He is editor of the Journal of Business Economics and the Journal of Management Accounting Research, for which he is also responsible as editorial board member. His research has been published in several leading journals such as the Accounting Review and the Contemporary Accounting Research.

External researchers

Rafael Zacherl

Start Page

End Page

Issue Number

Cite this article as

Hofmann, C., & Zacherl, R. (2023). Greenwashing and CEO Integrity. Accountability in a Sustainable World Quarterly, (3), 92-97.

Zugehörige Projekte

B03

Transparency Regulation and Organizational Design

+ 1

Beteiligte Institutionen

Die Hauptstandorte vom TRR 266 sind die Universität Paderborn (Sprecherhochschule), die HU Berlin und die Universität Mannheim. Alle drei Standorte sind seit vielen Jahren Zentren für Rechnungswesen- und Steuerforschung. Hinzu kommen Wissenschaftler der LMU München, der Frankfurt School of Finance and Management, der Goethe-Universität Frankfurt, der Universität zu Köln und der Leibniz Universität Hannover, die die gleiche Forschungsagenda verfolgen.