The Impact of Digital Transformation on Corporate"Greenwashing"Behavior——Based on the Mediating Role of Environmental Costs and Media Monitoring
Digital transformation has been shown to have a governance effect on corporate speculation such as R&D manipulation,and its impact on corporate"greenwashing"under the"dual-carbon"goal needs to be studied in depth.This paper examines the relationship between digital transformation and corporate"greenwashing"using a sam-ple of A-share listed companies in China from 2008 to 2021.The study found that digital transformation can effectively curb corporate"greenwashing"behavior,and for every 1%increase in the level of digital transformation,corporate"greenwashing"behavior will be reduced by 3.42%.Environmental costs and media scrutiny partially mediate between digital transformation and corporate"greenwashing".Heterogeneity analysis shows that the negative correlation be-tween digital transformation and"greenwashing"behavior is more pronounced in the group of lower environmental reg-ulation intensity,higher agency costs and private enterprises.The economic consequences test finds that digital trans-formation promotes high-quality development of enterprises by curbing"greenwashing"behavior.The conclusions of the article provide important policy implications for the governance of corporate"greenwashing"and the high-quality development of the economy in the era of digital economy.
digital transformationgreenwashingenvironmental costmedia supervision
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