管理层短视影响企业漂绿吗?——基于文本分析的经验证据  

Does Managerial Myopia Affect Enterprises’ Greenwashing?——Empirical Evidence Gathered from Text Analysis

作　　者：钱明[1] 任钦 QIAN Ming;REN Qin(School of Economics and Management,Nanjing University of Science and Technology,Nanjing,Jiangsu,210094)

机构地区：[1]南京理工大学经济管理学院,江苏南京210094

出　　处：《南京理工大学学报(社会科学版)》2023年第6期27-41,共15页Journal of Nanjing University of Science and Technology:Social Sciences

基　　金：国家自科基金项目“语义操纵视角下企业漂绿及其投资者诱导效应研究”(72202095);中央高校基本科研业务费专项资金项目“语义操纵视角下企业漂绿研究:测度、后果与治理”(30922011202)。

摘　　要：广泛存在的企业漂绿行为会引发绿色市场的逆向选择,损害生态文明建设的成效。已有研究侧重探讨外部监管和组织属性对企业漂绿的影响,但鲜有研究关注个体层面微观因素的作用。聚焦管理层的个体认知特性,选取2015—2020年A股上市公司为研究样本,实证检验了管理层短视是否为驱动企业漂绿的重要因素。研究发现:管理层短视程度越高,企业漂绿现象越严重。进一步研究发现管理层短视对企业环保投资具有负面影响,而异质性分析结果表明,严格的政府监管、机构投资者参与和环保非政府组织能有效抑制管理层短视对企业漂绿的正向影响。A widespread enterprise greenwashing causes an adverse selection in the green market and damages ecological civilization construction achievements.Despite of previous studies concerning the impacts of external regulations and organizational attributes on enterprise greenwashing,few studies focus on the roles of micro factors at the individual level.With a focus on the individual managerial cognitive characteristics,this paper selects A-share listed companies from 2015 to 2020 as samples,and empirically tests whether managerial myopia serves as a significant factor exacerbating enterprise greenwashing.Researches indicate that the higher the managerial myopia degree,the worse the enterprise greenwashing phenomena.Furthermore,researches confirm the negative impacts of managerial myopia on corporate environmental investments.The heterogeneity analyses reveal that a strict government regulation,institutional investor participation and environmental non-governmental organizations joined effectively alleviate the positive impacts of managerial myopia on enterprise greenwashing.

关 键 词：管理层短视 漂绿 环保投资 利益相关者 

分 类 号：F272.3[经济管理—企业管理]