This study investigates how firms strategically adapt to anti-ESG legislation, where institutional pressures for environmental sustainability are lifted. While existing research has primarily focused on firms' responses to positive ESG shifts, little is known about their behaviors under negative policy changes. We argue that firms' responses to anti-ESG legislation are not merely a reversal of pro-...

This paper examines the benefits and costs of greenwashing in mutual funds. We identify greenwashing funds by analyzing their green disclosures using large language models (LLMs) alongside actual green investments. We find that funds engaging in greenwashing charge higher expenses while attracting greater flows from investors. Moreover, investors tend to be lenient and less sensitive to poor performance ...

While scholars have long studied knowledge search from a problem-solving perspective, research examining how technological changes shape the specific components of knowledge search, namely problem formulation and solution finding, remains scant. This study bridges this gap by teasing apart these components and examining how Artificial Intelligence-Generated Content (AIGC) technologies affect the solution ...

The bullwhip effect (BWE) is an important phenomenon in the operations and supply chain management field. Although it is commonly accepted that the BWE is widespread and can have a significant adverse impact on financial performance, there is surprisingly limited objective evidence on the financial consequences of the BWE. This paper examines the impact of the BWE on financial performance by examining ...