In this study, we investigate whether the unpleasant mood of managers caused by air pollution leads to poorer decision-making quality. Using a sample of 9,282 firm-year observations from 2014 to 2017 in China, we show that 1) the mood of managers becomes more negative as air quality decreases;...

While the Chinese government has increasingly emphasized greater development balance between the economy, society, and the environment, little is known regarding how the state’s economic policy uncertainty affects within-firm corporate social responsibility (CSR) disclosure over time. Based on...