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Keywords: High munificence
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Journal Articles
Does industry munificence matter? ESG controversies and firm value
Available to Purchase
Journal of Advances in Management Research (2025) 22 (5): 819–832.
Published: 21 February 2025
... value. On the contrary, ESG controversies decrease firm value when interacting with industry munificence; this interaction effect is both positive and highly significant. We observed that reduced (increased) ESG controversies translate to higher (lower) firm value in industries with high munificence...
