Banks have voluntarily committed to align their lending portfolios with a net zero path toward
a decarbonized economy. In this review, we explore the economic channels for why portfolio …

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 …

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 …

This paper develops and tests a theory of stakeholders' expectations and corporate
prosociality: Stakeholders taught to believe that corporations cannot and should not sacrifice …