We argue that, in the run-up to elections, self-interested politicians use privatization opportunistically to buy votes and increase their probability of re-election. When state-owned firms are privatized, politicians can use subsidies to persuade the new managers to pursue inefficient...

This study draws on theory of dyadic morality and categorization to disentangle opportunistic behaviors from the perception by their victim that leads to the moral categorization of the perpetrator as an opportunist. We show that it is this moral categorization, not the behaviors, that...

This paper investigates whether corporate social responsibility active (CSR active) firms operate dissimilarly from other firms in their financial reporting. Specifically, we examine whether the corporate social responsibility (CSR) attitude of a firm sways its reporting incentives, in respect...