Quantitative analysis reveals that CEO poverty experiences lower corporate greenwashing, suggesting information transparency and agency costs are key moderating factors.
Purpose: This study aims to elucidate the effect of chief executive officers’ (CEO) early-life poverty experiences on corporate greenwashing and the underlying channel mechanisms and seeks to explore the moderating effects of various factors. Design/methodology/approach: Data were collected from Chinese A-share listed companies from 2012 to 2022. Quantitative analyses and regression models were applied to achieve the purpose. Findings/results: We found that (1) CEO poverty experiences significantly suppress corporate greenwashing. (2) CEO poverty experience inhibits corporate greenwashing by improving information transparency and reducing agency costs. (3) CEO power, CEO green experience and CEO individualism significantly moderate the impact of the two. Practical implications: When assessing CEOs’ potential impact on greenwashing, it is crucial to consider their early-life poverty experiences. It is recommended that information transparency be improved and agency costs be mitigated. Furthermore, the moderati
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Xu et al. (2025) studied this question.
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