Supporting Information References and (2019). ‘Critique on the ‘manager effects’ research and implications for management accounting research’, Journal of Management Accounting Research, 31, pp. 3–40. , and (2019). ‘Corporate social responsibility and firm risk: theory and empirical evidence’, Management Science, 65, pp. 4451–4469. https://doi.org/10.1287/mnsc.2018.3043 , , and (2009). ‘Winter heating or clean air? Unintended impacts of China's Huai river policy’, American Economic Review, 99, pp.