This study investigates the impact of corporate digital transformation (DT) on greenwashing behavior using data from Chinese listed firms between 2009 and 2023. Employing a two-way fixed-effects model and conducting multiple robustness checks, the analysis demonstrates that DT significantly mitigates greenwashing by reducing information asymmetry, enhancing green productivity, and promoting substantive green innovation. Heterogeneity analyses reveal that the inhibitory effect of DT is more pronounced in larger firms and those facing financial constraints. By integrating theoretical insights with empirical evidence, this study addresses gaps in the existing literature and provides novel perspectives on the relationship between digital transformation and greenwashing. The findings also offer practical implications for effectively curbing corporate greenwashing.
Yan et al. (Wed,) studied this question.