Using a sample of U.S listed firms from 1994 to 2015, we examine how the geographic dispersion of a firm affects corporate social responsibility (CSR). We find that corporate geographic dispersion is negatively associated with CSR scores. We further find that this robust negative relationship is...

Third-party product reviews (TPRs) have become ubiquitous in many industries. Aided by communication technologies, particularly on the Internet, TPRs are widely available to consumers, managers, and investors. The authors examine whether and how TPRs of new products influence the financial value...

Networks and the embedded relationships are critical determinants of how people communicate and form beliefs. The explosion of social media has significantly increased the scope and impact of social learning among consumers. This paper studies observational learning in networks of friends versus...