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 …

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 …

Interest in sustainability information, from investors, managers, researchers, and others, has
been expanding rapidly. We discuss recent advances and open questions related to …

We study the role of environmental commitments by technology entrepreneurs in their
reward-based crowdfunding campaigns. Technology projects with public environmental …

We present a model in which firms compete for workers who have a taste for a nonpecuniary
job attribute, such as purpose, sustainability, ES/CSR, or working conditions. Firms can …

Competition in product markets has made capitalism efficient. However, competition in
product markets is limited because people care increasingly more about purpose than price …

Using confidential information on banks' portfolios, inaccessible to market participants, we
show that banks that emphasize the environment in their disclosures extend a higher …