This paper presents empirical evidence that measures of community environmentalism based on donations to the Green Party are predictive of the demand for green products and policies at the zip code and county levels in the United States. The primary measure of community environmentalism in the...

Motivated by the understudied issue of how managerial psychological characteristics influence corporate risk taking, our study examines whether CEOs’ hometown identity curbs or promotes firms’ risk taking. The results based on a sample of listed Chinese firms from 2008 to 2019 show that...

We conceptualize that CEOs who endure traumatic experiences stemming from man-made disasters practice less corporate social responsibility. We exploit a natural experiment—the Great Chinese Famine—to empirically test this hypothesis. We find that (i) firms with CEOs who experienced the Great...

Motivated by the understudied issue of how managers’ psychological characteristics influence corporate risk-taking, our study examines whether a CEO’s hometown identity curbs or promotes firms’ risk-taking. Results based on listed Chinese firms from 2008 to 2020 show that a CEO’s...

This article examines how CEOs' human capital (generalist vs. specialist) influences their mergers and acquisitions decisions (M&A). We hypothesize that generalist CEOs conduct M&A to leverage their information advantages and meet their risk-taking appetite. Using the inter-regional M&A sample...

In this paper, we examine the effect of institutional investors on corporate social responsibility (CSR). We use data on Chinese listed firms from 2010–2018 and find that (1) institutional investors significantly enhance CSR; (2) institutional investors are more inclined to affect CSR...

Our study examines whether CEOs’ hometown identity curbs or facilitates a specific type of agency cost. The results based on a sample of listed Chinese firms from 2008 to 2019 show that CEOs’ hometown identity significantly lowers the consumption of excess perks. Further analyses reveal that...

Artificial intelligence (AI) agents are increasingly being used in various domains, and it is important to understand how human beings perceive and interact with these agents. In this study, we investigated the effects of ingroup/outgroup and human-likeness on trust in AI agents. We recruited...