How do people form beliefs about novel risks, with which they have little or no experience?
A 2020 US survey of beliefs about the lethality of Covid reveals that the elderly …

We document that nearly half of US public firms were eligible for the Paycheck Protection
Program (PPP) in 2020, with 41.8% of those eligible choosing to borrow. Consistent with the …

We conduct a large-scale, nondeceptive field experiment to elicit preferences for
government participation in China's venture capital and private equity market. Our main …

We combine a large-scale field experiment with a customized survey to study whether and
how consumers use firm disclosure. In a sample of more than 24,000 US households, we …

We study the extent to which individuals' consumption decisions are influenced by firms'
stances on controversial social issues and the implied incentives for firms to take such …

A first-order concern regarding sustainable finance is that it may crowd out individual
support for more effective, policy-driven approaches to address societal challenges. We test …

Abstract Following the June 24, 2022 Dobbs v. Jackson Supreme Court ruling, which
overturned the federal right to abortion established in Roe v. Wade, hundreds of employers …

This paper studies the effect of startups' ESG characteristics on venture capitalists'
investments by linking investors' behavior in an incentivized experiment to their real-world …

A major concern regarding sustainable investing is that it may crowd out political support for
government interventions targeting negative externalities. We test the validity of this concern …

Corporate political activity (CPA) research has traditionally focused on instrumental and
strategic value, explicitly ignoring how external stakeholders, specifically the public, view the …