
Volume 37, Issue 2
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- Received:March 31, 2025
- Accepted:February 04, 2026
- Published Online:March 13, 2026
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The authors thank the audiences at the Alliance on Research on Corporate Sustainability and the Strategy and the Business Environment Conference, as well as three anonymous reviewers who provided helpful feedback and suggestions that greatly improved this paper. Additionally, the authors wish to thank Christopher Brown for excellent technical assistance. The authors are grateful to Lamar Pierce and Brayden King for comments on previous versions of this paper. The authors acknowledge computational support from Advanced Research Computing at the University of Michigan, Ann Arbor. Any opinions, findings, and conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of any funding or supporting organization. The authors contributed equally.
