Bonnefon, Jean-François; Landier, Augustin; Sastry, … - National Bureau of Economic Research - 2022
-seeking preferences"). First, the willingness to pay for a stock is a linear function of corporate externalities, and is symmetric for … positive or negative externalities. Second, whether charity transfers are contingent or independent on investors buying the … firms' externalities only accrue through stock ownership, not through the actual impact of investment decisions. Finally …