高管团队注意力配置与企业“漂绿”行为

Executive team attention allocation and enterprise“greenwashing”behavior

企业“漂绿”行为会严重影响绿色发展战略的实施。基于注意力基础观,以2010—2021年A股重污染行业上市公司为样本,实证分析了高管团队注意力配置对于企业“漂绿”行为的影响。研究发现,高管环境注意力会显著抑制企业“漂绿”行为,高管团队在环境相关问题上配置的注意力越多,企业的“漂绿”行为越少,且两者的负相关关系在国有企业中影响系数更大。进一步研究发现,政策不确定性会削弱高管环境注意力对企业“漂绿”行为的抑制作用;高管股权激励会促进高管环境注意力与企业“漂绿”行为之间的关系。

Enterprise“greenwashing”behavior will seriously affect the implementation of green development strategy.Based on the attention-based view,this paper empirically analyzes the influence of executive attention allocation on the“greenwashing”behavior of enterprises by taking A-share listed companies in heavily polluting industries from 2010 to 2021 as samples.It is found that the environmental attention of senior executives can significantly inhibit the“greenwashing”behavior of enterprises.The more attention the senior management team allocates on environment-related issues,the less the“greenwashing”behavior of enterprises,and the negative correlation between the two is greater in the influence coefficient of state-owned enterprises.Further research shows that policy uncertainty will weaken the inhibition effect of executives’environmental attention on enterprises’greenwashing behavior;executive equity incentive will promote the relationship between executive environmental attention and enterprise“greenwashing”behavior.