Agarwal, Sumit; Gu, Quanlin; He, Jia; Zhang, Qi - 2023
firms with higher Environmental, Social and Governance (ESG) profiles. Specifically, we show that consumers increase their … consumption by 4.9 percentage points as the ESG rating increases by one level. The consumption response is more pronounced among … consumers' attention plays a significant role in the relationship between firms' ESG profiles and consumer behavior. We further …