Managerial myopia, technological innovation, and greenwashing: Moderating roles of financing constraints and environmental uncertainty

IF 13.3 1区管理学 Q1 BUSINESS

Technological Forecasting and Social Change Pub Date : 2025-05-22 DOI:10.1016/j.techfore.2025.124210

Jiyang Zhao, Xiaohong Wang

{"title":"Managerial myopia, technological innovation, and greenwashing: Moderating roles of financing constraints and environmental uncertainty","authors":"Jiyang Zhao, Xiaohong Wang","doi":"10.1016/j.techfore.2025.124210","DOIUrl":null,"url":null,"abstract":"<div><div>With growing concerns about the issue of greenwashing, it has been increasingly deemed critical to investigate the antecedents of greenwashing. This study employs the management discussion and analysis (MD&A) to construct managerial myopia and examine its effect on greenwashing as well as the influence mechanism by using a dataset with 7428 observations from 2012 to 2022. This study demonstrates that firms exhibiting a higher level of managerial myopia are more inclined to engage in greenwashing practices, which can be mediated by technological innovation. In addition, this study also corroborates that financing constraints and environmental uncertainty can reinforce the positive influences of managerial myopia on greenwashing. The results also indicate that the effects of managerial myopia on greenwashing are more pronounced among firms in recession stage and those with high levels of pollution. These findings can help identify the antecedents of greenwashing and inhibit firms from engaging in such practices.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"218 ","pages":"Article 124210"},"PeriodicalIF":13.3000,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technological Forecasting and Social Change","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0040162525002410","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

With growing concerns about the issue of greenwashing, it has been increasingly deemed critical to investigate the antecedents of greenwashing. This study employs the management discussion and analysis (MD&A) to construct managerial myopia and examine its effect on greenwashing as well as the influence mechanism by using a dataset with 7428 observations from 2012 to 2022. This study demonstrates that firms exhibiting a higher level of managerial myopia are more inclined to engage in greenwashing practices, which can be mediated by technological innovation. In addition, this study also corroborates that financing constraints and environmental uncertainty can reinforce the positive influences of managerial myopia on greenwashing. The results also indicate that the effects of managerial myopia on greenwashing are more pronounced among firms in recession stage and those with high levels of pollution. These findings can help identify the antecedents of greenwashing and inhibit firms from engaging in such practices.

查看原文本刊更多论文

管理短视、技术创新和漂绿：融资约束和环境不确定性的调节作用

随着人们对“漂绿”问题的关注日益增加，人们越来越认为调查“漂绿”的起因至关重要。本研究采用管理讨论与分析（management discussion and analysis, MD&；A）构建管理近视，并利用2012 - 2022年7428个观测值的数据集，考察其对洗绿的影响及其影响机制。研究表明，管理短视程度越高的企业更倾向于“洗绿”行为，这可以通过技术创新来调节。此外，本研究还证实了融资约束和环境不确定性可以强化管理短视对洗绿的积极影响。研究结果还表明，在处于衰退阶段和污染程度较高的企业中，管理近视对“漂绿”的影响更为明显。这些发现可以帮助识别“漂绿”的前因，并阻止企业从事此类行为。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Technological Forecasting and Social Change Multiple-

CiteScore

21.30

自引率

10.80%

发文量

813

期刊介绍： Technological Forecasting and Social Change is a prominent platform for individuals engaged in the methodology and application of technological forecasting and future studies as planning tools, exploring the interconnectedness of social, environmental, and technological factors. In addition to serving as a key forum for these discussions, we offer numerous benefits for authors, including complimentary PDFs, a generous copyright policy, exclusive discounts on Elsevier publications, and more.