Fatehi, Soraya; Qi, Anyan; Wei, Liqun; Zhang, Jianxiong - 2023
observable CSR investment. We analyze the impact of competition intensity on firm's strategies and social welfare. We find that … incentive to greenwash. In this case, if the competition intensity is low, the profit-maximizing firm greenwashes; otherwise … competition intensity is low or the consumer reward is small, complementing existing results under the monopoly setting in Wu et …