Analyst following and greenwashing decision

Yuxiang Liu, Jiewei Zhang and Yue Dai

Finance Research Letters, 2023, vol. 58, issue PC

Abstract: This study identifies analyst following as a determinant of corporate greenwashing decisions. Our study reveals that analyst following can effectively mitigate the extent of company greenwashing, as analysts can help reduce information asymmetry and play a crucial role in supervision. Moreover, our findings are stronger in samples characterized by high levels of information asymmetry and weak corporate governance environment. Overall, the results are consistent with the view that analysts play an important role in enterprise behavior.

Keywords: Analyst following; Greenwashing decision; Information asymmetry; Corporate Governance (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323008826
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323008826

DOI: 10.1016/j.frl.2023.104510

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().