We examine whether retail consumers change their shopping behavior in response to firm-specific negative environmental, social, and governance (ESG) news. Using consumer foot traffic data, we provide evidence that negative ESG news affects consumer foot traffic negatively in U.S. counties where...

This paper quantifies the degree of competition among Wal-Mart and different retail channels by exploiting a unique dataset that describes a consumer’s choice of store. Using a discrete choice model, I estimate a consumer’s choice of retailer in the sales market for DVDs among online, mass...