Concealment Breeds Suspicion: CEO Dishonesty and Corporate Green Innovation

Ji Dong, Yanning Liu, Jinfang Tian and Yunjing Wang

Managerial and Decision Economics, 2025, vol. 46, issue 8, 4253-4276

Abstract: Despite growing attention to the economic consequences of CEO dishonesty, its link to corporate green innovation remains underexplored. Using a matched dataset between CEO personal information and the discredited debtor list released by the Supreme People's Court of China, this study investigates the impact of CEO dishonesty on corporate green innovation using a sample of A‐share listed firms on the Shanghai and Shenzhen stock exchanges from 2010 to 2021. The results show that CEO dishonesty increases green innovation, but such efforts are largely symbolic rather than substantive. The underlying mechanism lies in heightened public scrutiny, with political connections and environmental awareness moderating the effect. The impact also differs by corporate governance quality, firm‐level practices, and regional conditions. The findings suggest that reputational concerns may drive prosocial behavior among dishonest CEOs, enriching the literature on executive integrity and corporate environmental strategy.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:46:y:2025:i:8:p:4253-4276

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