Over the past decades, companies have faced increasing pressures to provide information about CSR. However, firms differ in the extent to which they communicate their CSR-related efforts to their stakeholders (henceforth, “CSR disclosures”) and incorporate CSR-based performance measures in...

Research shows that innovations diffuse gradually rather than rapidly, because their usefulness is not immediately apparent to some adopters. These adopters need to learn about the value of the innovation prior to adoption. Although the importance of learning is recognized in most analytical...

In this paper, we empirically examine the capital budgeting process of a large multi-divisional firm and the implications of the dynamics that underlie this process. Although investment decisions are one of the most important decisions made by firms, relatively little is known about the capital...