Celebrity leaders and corporate greenwashing

Purpose This study aims to elucidate the causal relationship between corporate greenwashing and celebrity leaders. Design/methodology/approach This study considers winning the National Model Worker Award as an external shock for producing celebrity leaders and conducts a difference-in-difference (DID) estimation with listed companies from 2009 to 2022 in the Chinese context. Findings The findings indicate an increase in greenwashing of companies with celebrity leaders in the post-award period. Stakeholder pressure can moderate the effect of celebrity leaders on corporate greenwashing. Originality/value This study enriches the research on the antecedents of greenwashing and the impacts of celebrity leaders. The findings advance the understanding of the real effect of celebrity leaders on environmental, social and governance (ESG) efforts and provide new insights into how celebrities respond to legitimacy pressures.

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Publication Details

Journal
Management Decision
Published
2024-12-04
DOI
https://doi.org/10.1108/md-01-2024-0082
Citations
3
Primary Topic
Management and Organizational Studies
Type
article
Field-Weighted Citation Impact
2.02
Controls
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article

Celebrity leaders and corporate greenwashing

Tiantian Cao, Yaowei Zhang, Weian Li, Xingye Chen
3 citations
Management Decision
Management and Organizational Studies
2.02
article

Celebrity leaders and corporate greenwashing

Tiantian Cao, Yaowei Zhang, Weian Li, Xingye Chen
article en
3 citations

Abstract

Purpose This study aims to elucidate the causal relationship between corporate greenwashing and celebrity leaders. Design/methodology/approach This study considers winning the National Model Worker Award as an external shock for producing celebrity leaders and conducts a difference-in-difference (DID) estimation with listed companies from 2009 to 2022 in the Chinese context. Findings The findings indicate an increase in greenwashing of companies with celebrity leaders in the post-award period. Stakeholder pressure can moderate the effect of celebrity leaders on corporate greenwashing. Originality/value This study enriches the research on the antecedents of greenwashing and the impacts of celebrity leaders. The findings advance the understanding of the real effect of celebrity leaders on environmental, social and governance (ESG) efforts and provide new insights into how celebrities respond to legitimacy pressures.

Management DecisionVol. 63(5)
Nankai University (CN)
Life in Land
Openalex Percentile: Top 11%
Management and Organizational Studies
2.02
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Celebrity leaders and corporate greenwashing — Tiantian Cao, Yaowei Zhang, et al. · Management Decision (2024) | TGRS Research Map | TGRS