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Exploiting the staggered enactment of state-level constituency statutes as an exogenous increase in stakeholder orientation, this paper examines whether, and if so, how stakeholder orientation affects labor investment efficiency. Following constituency statutes adoption, we find firms experience...
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Exploiting the staggered enactment of state-level constituency statutes as an exogenous increase in stakeholder orientation, this paper examines whether, and if so, how stakeholder orientation affects labor investment efficiency. Following constituency statutes adoption, we find firms experience...
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