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- Received:July 24, 2024
- Accepted:February 17, 2026
- Published Online:April 03, 2026
Copyright © 2026 The Author(s)
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The authors thank senior editor J. P. Ferguson and three anonymous reviewers for insightful and constructive guidance; Jiao Luo, Anita McGahan, Moshe Barach, Nicola Alexander, Russell Funk, David Tan, and Chris Rider for feedback on earlier versions of this paper; and participants at the National University of Singapore Seminar, Carlson School of Management Applied Economic Seminar, the 2022 Great Lakes Entrepreneurship Conference, the 2023 Stakeholder Strategy Conference, the Strategic Management Society DC Special Conference, the 2023 Stakeholder Strategy Symposium at the Academy of Management Annual Conference, the 2023 Non-Market Strategy Research Community Doctoral Conference, and the 2024 Society for Institutional & Organizational Economics Conference.
