This paper in Management Science has been cited more than 6,000 times. Wall Street executives, top government officials, and even a former U.S. Vice President have all referenced it. It’s fatally flawed, and the scholarly community refuses to do anything about it.

In a post entitled, “How Institutional Failures Undermine Trust in Science: The Case of a Landmark Study on Sustainability and Stock Returns,” Andy King (my collaborator on the project on scheduled post-publication review) tells a disturbing story of the failure … Continue reading → …