Keywords: Firm value
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Journal Articles
Journal Articles
Journal of Global Responsibility (2022) 13 (4): 421–449.
Published: 11 August 2022
... that ESG investments impact negatively firm value in the short term, supporting the trade-off theory while finding a positive correlation in long run. On the contrary, the stakeholder theory argues that a firm’s responsibilities go beyond shareholders’ interests, including multiple stakeholders...

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