Benefits of hypocrisy: Do managers gain more from greenwashing.
Where this comes from
- Record sourced from PubMed, PMID 42430402.
- Also identified by DOI 10.1371/journal.pone.0353235 and PMC identifier 13353976.
- Licence recorded as CC BY.
- The licence permits redistribution, so the abstract is shown in full and the full text is available from the publisher.
Abstract
This study finds that corporate greenwashing raises executive compensation. Mechanism analysis indicates that greenwashing enhances executive compensation by improving short-term performance and enhancing executive reputation. In addition, this effect is more pronounced in non-state-owned enterprises, companies with equity incentive plans, and firms that grant restricted stock.