Séminaire FDD-FiME // O.-D. Zerbib

Olivier-David Zerbib (CREST, ENSAE, IPP) Title : Can Investors Curb Greenwashing? Abstract : We show how investors with pro-environmental preferences and who penalize revelations of past environmental controversies impact corporate greenwashing practices. Through a dynamic equilibrium model with information asymmetry, we characterize firms' optimal environmental communication, emissions reduction, and greenwashing policies, and we explain the forces driving them. Notably, under a condition Read more [...]