Abstract：This study explores how investor-listed company ESG information interaction between investors and listed companies affects corporate greenwashing and its underlying mechanisms based on the data of “Hudongyi” and “eHudong” platforms from 2011 to 2019. The research finds that investor-listed company ESG information interaction can curb corporate greenwashing by enhancing information transparency, reducing managerial myopia, and increasing reputational pressure. Moderating effect analysis reveals that internal redundant resources can amplify the role of investor-listed company ESG information interaction, while external social trust can substitute for it. Heterogeneity analysis indicates that the role of investor-listed company ESG information interaction is more obvious when firms have more registered platform users and firms exhibit less positive interaction tones.
赵梦洁，任广乾，李俊超. 投资者-上市公司ESG信息互动对企业“漂绿”行为的影响研究[J]. 管理学报, 2025, 22(6): 1093-.
ZHAO Mengjie，REN Guangqian，LI Junchao. Research on the Impact of Investor-Listed Company ESG Information Interaction on Corporate Greenwashing Behavior. Chinese Journal of Management, 2025, 22(6): 1093-.
