Table 6.

Summary of hypotheses and results

HypothesesDirection of HResultSignificanceSupport for H
H1: CSR on esteemed brand quality++NoNo
H2: CSR on brand differentiation++YesYes
H3: CSR on brand value++At p < 0.1Partial
H4: CSR on esteemed brand quality in recession++NoNo
H5: CSR on brand differentiation in recession++YesYes
H6: CSR on brand value in recession++YesYes

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