Which capital inflows mitigate conflict? Conventional wisdom suggests that both aid projects and foreign private investment can increase the opportunity cost of conflict. Yet, the empirical evidence appears mixed. To investigate the impact of private finance for development on conflict, we...

We investigate the association between a wide range of environmental and social outcomes and the credit risk of municipal finance fixed income securities. Building on recent work documenting the pricing of climate risk, future opioid health care costs and race-based investor preferences at the...

Societal expectations of companies are rapidly changing as companies are confronted with wide-ranging responsibilities that extend beyond maximizing near-term shareholder return. Those expectations encompass an expanding list of stakeholders – including the labor force, suppliers, communities,...

Scholars of stakeholder management have long grappled with the question of how to communicate with stakeholders to enhance cooperation and reduce conflict. We build on insights from the literature on stakeholder dialog to highlight the importance of four elements of firm-stakeholder dialog...

We analyze the relationship between the actions and interactions of secondary stakeholders with an interest in corporate social performance (CSP) and variation in firm-level CSP across countries. Our work represents a significant theoretical shift in research exploring comparative CSP, which to...