This paper develops a unified framework to analyze how different types of social
preferences--deontological, non-consequentialist, and consequentialist--affect corporate …

This paper investigates the critical role of church membership in the process of economic
recovery after high-impact natural disasters. We document a significant adverse treatment …

This paper examines and compares the funding distribution inequities in arts organizations
across three different funding institutions—government grantmaking, charitable …

Nonprofits supply many tax-financed services like healthcare and education. Yet nonprofits
are absent from the canonical property rights theory of ownership. Extending the …

Abstract In Democracy in America, Alexis de Tocqueville famously described the depth and
breadth of voluntary association in the antebellum United States. Recent empirical research …

This paper provides evidence that top managers significantly impact firms' ESG outcomes.
Utilizing the fixed-effects approach from Bertrand and Schoar (2003), we find that innate …

I estimate the causal effects of exogenous wealth shocks on charitable giving. The average
response of charitable giving to a wealth shock is very small and precisely estimated …

This paper develops a dynamic general equilibrium model with stochastic social
preferences and endogenous corporate investment decisions. We find that firms' investment …

187 molto attentamente studiata”(p. 37). Come ricorda opportunamente Piero Schiavello
nella postfazione,“[n] el titolo provvisorio scritto di suo pugno, il termine [socialismo] era …