國立虎尾科技大學 |

Greenwashing, Firm ESG Strategy, and Employee Impact.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Greenwashing, Firm ESG Strategy, and Employee Impact./
Author:	Barrymore, Nathan.
Description:	1 online resource (156 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 84-04, Section: A.
Contained By:	Dissertations Abstracts International84-04A.
Subject:	Sustainability. -
Online resource:	click for full text (PQDT)
ISBN:	9798351446189

Greenwashing, Firm ESG Strategy, and Employee Impact.
Barrymore, Nathan.

Greenwashing, Firm ESG Strategy, and Employee Impact. - 1 online resource (156 pages)

Source: Dissertations Abstracts International, Volume: 84-04, Section: A.

Thesis (Ph.D.)--University of Maryland, College Park, 2022.

Includes bibliographical references

This dissertation studies the causes and consequences of firms' environmental and social (ESG) actions, with a specific focus on employees. Essay 1 examines greenwashing: when firms present an overly positive view of their environmental and social outcomes. I ask how top managers and investors' ESG preferences influence companies' self-reported environmental and social policies, and their independently reported environmental and social outcomes. I find that managers' ESG preferences, as proxied using their language on earnings calls, correlate with both ESG policies and outcomes. However, investors' ESG preferences correlate with only policies and not outcomes, suggestive of greenwashing. I conclude that agency issues explain these divergent results.Essays 2 and 3 ask how employees respond to firms' ESG outcomes and to firms' pay policies. Essay 2 explores the relationship between a firm's ESG outcomes and labor productivity. In two contexts, we find that ESG outcomes predict higher labor productivity, but only when there is sufficient information about firm behavior. In one study, the positive impact on labor productivity only exists for large firms. In another study, the positive relationship appears only after a government regulation requiring that firms disclose their carbon emissions. Essay 3 provides large scale evidence on the relationship between wages and employee attrition. We find that paying above median wages for a specific role decreases attrition rates, but only among low and middle wage workers in the US.If stakeholder capitalism is to sustain and integrate into the US corporate system, the movement needs to be based on accurate assessments of environmental and social outcomes. These essays provide an advance in that direction, by using independently reported ESG data to examine how ESG issues impact firm strategy.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798351446189Subjects--Topical Terms:

793436
Sustainability.
Subjects--Index Terms:

Corporate social responsibilityIndex Terms--Genre/Form:

554714
Electronic books.

Greenwashing, Firm ESG Strategy, and Employee Impact.
LDR:03216ntm a22003857 4500 001 1147224
005 20240909100729.5
006 m o d
007 cr bn ---uuuuu
008 250605s2022 xx obm 000 0 eng d
020 $a 9798351446189
035 $a (MiAaPQ)AAI29213555
035 $a AAI29213555
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Barrymore, Nathan. $3 1472893
245 1 0 $a Greenwashing, Firm ESG Strategy, and Employee Impact.
264 0 $c 2022
300 $a 1 online resource (156 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 84-04, Section: A.
500 $a Advisor: Sampson, Rachelle C.
502 $a Thesis (Ph.D.)--University of Maryland, College Park, 2022.
504 $a Includes bibliographical references
520 $a This dissertation studies the causes and consequences of firms' environmental and social (ESG) actions, with a specific focus on employees. Essay 1 examines greenwashing: when firms present an overly positive view of their environmental and social outcomes. I ask how top managers and investors' ESG preferences influence companies' self-reported environmental and social policies, and their independently reported environmental and social outcomes. I find that managers' ESG preferences, as proxied using their language on earnings calls, correlate with both ESG policies and outcomes. However, investors' ESG preferences correlate with only policies and not outcomes, suggestive of greenwashing. I conclude that agency issues explain these divergent results.Essays 2 and 3 ask how employees respond to firms' ESG outcomes and to firms' pay policies. Essay 2 explores the relationship between a firm's ESG outcomes and labor productivity. In two contexts, we find that ESG outcomes predict higher labor productivity, but only when there is sufficient information about firm behavior. In one study, the positive impact on labor productivity only exists for large firms. In another study, the positive relationship appears only after a government regulation requiring that firms disclose their carbon emissions. Essay 3 provides large scale evidence on the relationship between wages and employee attrition. We find that paying above median wages for a specific role decreases attrition rates, but only among low and middle wage workers in the US.If stakeholder capitalism is to sustain and integrate into the US corporate system, the movement needs to be based on accurate assessments of environmental and social outcomes. These essays provide an advance in that direction, by using independently reported ESG data to examine how ESG issues impact firm strategy.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Sustainability. $3 793436
653 $a Corporate social responsibility
653 $a Employee productivity
653 $a Employee turnover
653 $a Greenwashing
655 7 $a Electronic books. $2 local $3 554714
690 $a 0454
690 $a 0501
690 $a 0640
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of Maryland, College Park. $b Business and Management: Logistics, Business & Public Policy. $3 1372480
773 0 $t Dissertations Abstracts International $g 84-04A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29213555 $z click for full text (PQDT)