Plausibly Exogenous [1802] - Stakeholders (01/08/2025)

LHS Variable
Firm management and performance

RHS Variable
Stakeholder orientation

Source of Exogenous Variation
State-level law changes governing the conversion of hospitals from nonprofit to for-profit

- Herpfer, Lin, and Maturana (2024), “Corporate Behavior When Running the Firm for Stakeholders: Evidence from Hospitals “