The Side Effects of Corporate Digitalization on Corporate Social Responsibility: A Fraud Triangle Perspective
研究利用2012-2022年中国上市公司数据，发现企业数字化会加剧绿色洗白行为，通过印象管理、信息操纵和运营复杂性增加信息不对称，财务困境、数字化错位和盈余操纵会强化这一效应。
Abstract Although digital technologies can be powerful tools to fulfil environmental responsibilities, scant research has examined whether and how firms adopting these technologies evade environmental responsibilities. This study uses data on Chinese listed firms from 2012 to 2022 to explore whether corporate digitalization (CD) leads to corporate greenwashing (CGW). Our findings indicate that CD exacerbates CGW, as it exacerbates information asymmetry between companies and stakeholders through impression management, information manipulation and increasing the complexity of corporate operations, all of which can lead to CGW. Furthermore, building on the fraud triangle, we find that financial distress, digital misalignment and earnings manipulation exacerbate the main effect. This study contributes to the literature on the dark side of digital transformation in firm performance.