The authors thank the editor and three anonymous reviewers of this journal for their comments and suggestions. The authors also thank participants of seminars at Wharton, Kellogg, Columbia, EM-Lyon, HKUST, Cornell, INSEAD, IESE, ESADE, LMU, HEC Paris, LBS, Copenhagen Business School, Amsterdam Business School, and DRUID. Authors’ names are listed in alphabetic order. All authors contributed equally.
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