id	sid	tid	token	lemma	pos
gp-365	1	1	american	american	PROPN
gp-365	1	2	journal	journal	PROPN
gp-365	1	3	of	of	ADP
gp-365	1	4	economic	economic	ADJ
gp-365	1	5	and	and	CCONJ
gp-365	1	6	management	management	NOUN
gp-365	1	7	business	business	NOUN
gp-365	1	8	e	e	NOUN
gp-365	1	9	-	-	NOUN
gp-365	1	10	issn	issn	ADJ
gp-365	1	11	:	:	PUNCT
gp-365	1	12	2835	2835	NUM
gp-365	1	13	-	-	SYM
gp-365	1	14	5199	5199	NUM
gp-365	1	15	vol	vol	NOUN
gp-365	1	16	.	.	PROPN
gp-365	2	1	4	4	NUM
gp-365	2	2	no	no	NOUN
gp-365	2	3	.	.	NOUN
gp-365	3	1	11	11	NUM
gp-365	3	2	november	november	PROPN
gp-365	3	3	2025	2025	NUM
gp-365	3	4	1901	1901	NUM
gp-365	3	5	social	social	ADJ
gp-365	3	6	media	medium	NOUN
gp-365	3	7	influence	influence	NOUN
gp-365	3	8	on	on	ADP
gp-365	3	9	firm	firm	ADJ
gp-365	3	10	value	value	NOUN
gp-365	3	11	with	with	ADP
gp-365	3	12	corporate	corporate	ADJ
gp-365	3	13	reputation	reputation	NOUN
gp-365	3	14	as	as	ADP
gp-365	3	15	intervening	intervene	VERB
gp-365	3	16	variable	variable	NOUN
gp-365	3	17	:	:	PUNCT
gp-365	3	18	katadata	katadata	PROPN
gp-365	3	19	esg	esg	PROPN
gp-365	3	20	index	index	NOUN
gp-365	3	21	companies	company	NOUN
gp-365	3	22	on	on	ADP
gp-365	3	23	idx	idx	NOUN
gp-365	3	24	2024	2024	NUM
gp-365	3	25	eka	eka	PROPN
gp-365	3	26	sri	sri	ADJ
gp-365	3	27	mulyani	mulyani	PROPN
gp-365	3	28	siregar	siregar	NOUN
gp-365	3	29	,	,	PUNCT
gp-365	3	30	rosyeni	rosyeni	ADJ
gp-365	3	31	rasyid	rasyid	NOUN
gp-365	3	32	universitas	universita	NOUN
gp-365	3	33	negeri	negeri	PROPN
gp-365	3	34	padang	padang	PROPN
gp-365	3	35	,	,	PUNCT
gp-365	3	36	indonesia	indonesia	PROPN
gp-365	3	37	email	email	NOUN
gp-365	3	38	:	:	PUNCT
gp-365	3	39	ekasrimulyani120899@gmail.com	ekasrimulyani120899@gmail.com	PROPN
gp-365	3	40	,	,	PUNCT
gp-365	3	41	rosyenirasyid@yahoo.com	rosyenirasyid@yahoo.com	X
gp-365	4	1	abstract	abstract	ADJ
gp-365	4	2	the	the	DET
gp-365	4	3	purpose	purpose	NOUN
gp-365	4	4	of	of	ADP
gp-365	4	5	the	the	DET
gp-365	4	6	study	study	NOUN
gp-365	4	7	was	be	AUX
gp-365	4	8	to	to	PART
gp-365	4	9	examine	examine	VERB
gp-365	4	10	the	the	DET
gp-365	4	11	influence	influence	NOUN
gp-365	4	12	of	of	ADP
gp-365	4	13	social	social	ADJ
gp-365	4	14	media	medium	NOUN
gp-365	4	15	on	on	ADP
gp-365	4	16	the	the	DET
gp-365	4	17	value	value	NOUN
gp-365	4	18	of	of	ADP
gp-365	4	19	companies	company	NOUN
gp-365	4	20	,	,	PUNCT
gp-365	4	21	with	with	ADP
gp-365	4	22	company	company	NOUN
gp-365	4	23	reputation	reputation	NOUN
gp-365	4	24	as	as	ADP
gp-365	4	25	an	an	DET
gp-365	4	26	intervening	intervene	VERB
gp-365	4	27	variable	variable	NOUN
gp-365	4	28	,	,	PUNCT
gp-365	4	29	included	include	VERB
gp-365	4	30	in	in	ADP
gp-365	4	31	the	the	DET
gp-365	4	32	katadata	katadata	PROPN
gp-365	4	33	esg	esg	PROPN
gp-365	4	34	index	index	NOUN
gp-365	4	35	companies	company	NOUN
gp-365	4	36	on	on	ADP
gp-365	4	37	idx	idx	PROPN
gp-365	4	38	2024	2024	NUM
gp-365	4	39	.	.	PUNCT
gp-365	5	1	the	the	DET
gp-365	5	2	research	research	NOUN
gp-365	5	3	method	method	NOUN
gp-365	5	4	used	use	VERB
gp-365	5	5	is	be	AUX
gp-365	5	6	associative	associative	ADJ
gp-365	5	7	quantitative	quantitative	ADJ
gp-365	5	8	,	,	PUNCT
gp-365	5	9	utilizing	utilize	VERB
gp-365	5	10	data	datum	NOUN
gp-365	5	11	from	from	ADP
gp-365	5	12	companies	company	NOUN
gp-365	5	13	that	that	PRON
gp-365	5	14	meet	meet	VERB
gp-365	5	15	the	the	DET
gp-365	5	16	criteria	criterion	NOUN
gp-365	5	17	for	for	ADP
gp-365	5	18	inclusion	inclusion	NOUN
gp-365	5	19	in	in	ADP
gp-365	5	20	the	the	DET
gp-365	5	21	katadata	katadata	PROPN
gp-365	5	22	esg	esg	PROPN
gp-365	5	23	index	index	NOUN
gp-365	5	24	and	and	CCONJ
gp-365	5	25	are	be	AUX
gp-365	5	26	listed	list	VERB
gp-365	5	27	on	on	ADP
gp-365	5	28	the	the	DET
gp-365	5	29	idx	idx	NOUN
gp-365	5	30	in	in	ADP
gp-365	5	31	2024	2024	NUM
gp-365	5	32	.	.	PUNCT
gp-365	6	1	these	these	DET
gp-365	6	2	companies	company	NOUN
gp-365	6	3	have	have	VERB
gp-365	6	4	instagram	instagram	PROPN
gp-365	6	5	social	social	ADJ
gp-365	6	6	media	medium	NOUN
gp-365	6	7	accounts	account	NOUN
gp-365	6	8	,	,	PUNCT
gp-365	6	9	complete	complete	ADJ
gp-365	6	10	annual	annual	ADJ
gp-365	6	11	reports	report	NOUN
gp-365	6	12	for	for	ADP
gp-365	6	13	2024	2024	NUM
gp-365	6	14	,	,	PUNCT
gp-365	6	15	and	and	CCONJ
gp-365	6	16	esg	esg	NOUN
gp-365	6	17	values	value	NOUN
gp-365	6	18	to	to	PART
gp-365	6	19	assess	assess	VERB
gp-365	6	20	the	the	DET
gp-365	6	21	company	company	NOUN
gp-365	6	22	's	's	PART
gp-365	6	23	reputation	reputation	NOUN
gp-365	6	24	.	.	PUNCT
gp-365	7	1	this	this	DET
gp-365	7	2	data	datum	NOUN
gp-365	7	3	was	be	AUX
gp-365	7	4	analyzed	analyze	VERB
gp-365	7	5	using	use	VERB
gp-365	7	6	the	the	DET
gp-365	7	7	sem	sem	PROPN
gp-365	7	8	-	-	PUNCT
gp-365	7	9	amos	amos	PROPN
gp-365	7	10	application	application	NOUN
gp-365	7	11	.	.	PUNCT
gp-365	8	1	the	the	DET
gp-365	8	2	results	result	NOUN
gp-365	8	3	of	of	ADP
gp-365	8	4	the	the	DET
gp-365	8	5	study	study	NOUN
gp-365	8	6	are	be	AUX
gp-365	8	7	:	:	PUNCT
gp-365	8	8	(	(	PUNCT
gp-365	8	9	1	1	X
gp-365	8	10	)	)	PUNCT
gp-365	8	11	social	social	ADJ
gp-365	8	12	media	medium	NOUN
gp-365	8	13	has	have	VERB
gp-365	8	14	a	a	DET
gp-365	8	15	significant	significant	ADJ
gp-365	8	16	positive	positive	ADJ
gp-365	8	17	effect	effect	NOUN
gp-365	8	18	on	on	ADP
gp-365	8	19	the	the	DET
gp-365	8	20	value	value	NOUN
gp-365	8	21	of	of	ADP
gp-365	8	22	b2c	b2c	NOUN
gp-365	8	23	(	(	PUNCT
gp-365	8	24	business	business	NOUN
gp-365	8	25	to	to	ADP
gp-365	8	26	consumer	consumer	NOUN
gp-365	8	27	)	)	PUNCT
gp-365	8	28	companies	company	NOUN
gp-365	8	29	included	include	VERB
gp-365	8	30	in	in	ADP
gp-365	8	31	the	the	DET
gp-365	8	32	katadata	katadata	PROPN
gp-365	8	33	esg	esg	PROPN
gp-365	8	34	index	index	PROPN
gp-365	8	35	.	.	PUNCT
gp-365	9	1	meanwhile	meanwhile	ADV
gp-365	9	2	,	,	PUNCT
gp-365	9	3	in	in	ADP
gp-365	9	4	b2b	b2b	NOUN
gp-365	9	5	(	(	PUNCT
gp-365	9	6	business	business	NOUN
gp-365	9	7	to	to	ADP
gp-365	9	8	business	business	NOUN
gp-365	9	9	)	)	PUNCT
gp-365	9	10	companies	company	NOUN
gp-365	9	11	,	,	PUNCT
gp-365	9	12	social	social	ADJ
gp-365	9	13	media	medium	NOUN
gp-365	9	14	has	have	VERB
gp-365	9	15	a	a	DET
gp-365	9	16	positive	positive	ADJ
gp-365	9	17	but	but	CCONJ
gp-365	9	18	insignificant	insignificant	ADJ
gp-365	9	19	influence	influence	NOUN
gp-365	9	20	on	on	ADP
gp-365	9	21	the	the	DET
gp-365	9	22	company	company	NOUN
gp-365	9	23	's	's	PART
gp-365	9	24	value	value	NOUN
gp-365	9	25	.	.	PUNCT
gp-365	10	1	(	(	PUNCT
gp-365	10	2	2	2	X
gp-365	10	3	)	)	PUNCT
gp-365	10	4	social	social	ADJ
gp-365	10	5	media	medium	NOUN
gp-365	10	6	shows	show	VERB
gp-365	10	7	a	a	DET
gp-365	10	8	positive	positive	ADJ
gp-365	10	9	and	and	CCONJ
gp-365	10	10	significant	significant	ADJ
gp-365	10	11	effect	effect	NOUN
gp-365	10	12	on	on	ADP
gp-365	10	13	reputation	reputation	NOUN
gp-365	10	14	(	(	PUNCT
gp-365	10	15	rep	rep	NOUN
gp-365	10	16	)	)	PUNCT
gp-365	10	17	in	in	ADP
gp-365	10	18	b2b	b2b	NOUN
gp-365	10	19	companies	company	NOUN
gp-365	10	20	,	,	PUNCT
gp-365	10	21	while	while	SCONJ
gp-365	10	22	b2c	b2c	ADJ
gp-365	10	23	companies	company	NOUN
gp-365	10	24	show	show	VERB
gp-365	10	25	a	a	DET
gp-365	10	26	positive	positive	ADJ
gp-365	10	27	but	but	CCONJ
gp-365	10	28	not	not	PART
gp-365	10	29	significant	significant	ADJ
gp-365	10	30	effect	effect	NOUN
gp-365	10	31	.	.	PUNCT
gp-365	11	1	(	(	PUNCT
gp-365	11	2	3	3	X
gp-365	11	3	)	)	PUNCT
gp-365	11	4	rep	rep	NOUN
gp-365	11	5	has	have	VERB
gp-365	11	6	a	a	DET
gp-365	11	7	positive	positive	ADJ
gp-365	11	8	and	and	CCONJ
gp-365	11	9	significant	significant	ADJ
gp-365	11	10	effect	effect	NOUN
gp-365	11	11	on	on	ADP
gp-365	11	12	the	the	DET
gp-365	11	13	value	value	NOUN
gp-365	11	14	of	of	ADP
gp-365	11	15	b2b	b2b	NOUN
gp-365	11	16	companies	company	NOUN
gp-365	11	17	.	.	PUNCT
gp-365	12	1	meanwhile	meanwhile	ADV
gp-365	12	2	,	,	PUNCT
gp-365	12	3	in	in	ADP
gp-365	12	4	b2c	b2c	ADJ
gp-365	12	5	companies	company	NOUN
gp-365	12	6	,	,	PUNCT
gp-365	12	7	rep	rep	PROPN
gp-365	12	8	has	have	VERB
gp-365	12	9	a	a	DET
gp-365	12	10	positive	positive	ADJ
gp-365	12	11	but	but	CCONJ
gp-365	12	12	not	not	PART
gp-365	12	13	significant	significant	ADJ
gp-365	12	14	effect	effect	NOUN
gp-365	12	15	on	on	ADP
gp-365	12	16	the	the	DET
gp-365	12	17	company	company	NOUN
gp-365	12	18	's	's	PART
gp-365	12	19	value	value	NOUN
gp-365	12	20	.	.	PUNCT
gp-365	13	1	(	(	PUNCT
gp-365	13	2	4	4	X
gp-365	13	3	)	)	PUNCT
gp-365	13	4	reputation	reputation	NOUN
gp-365	13	5	(	(	PUNCT
gp-365	13	6	rep	rep	NOUN
gp-365	13	7	)	)	PUNCT
gp-365	13	8	plays	play	VERB
gp-365	13	9	a	a	DET
gp-365	13	10	significant	significant	ADJ
gp-365	13	11	mediating	mediate	VERB
gp-365	13	12	role	role	NOUN
gp-365	13	13	between	between	ADP
gp-365	13	14	social	social	ADJ
gp-365	13	15	media	medium	NOUN
gp-365	13	16	and	and	CCONJ
gp-365	13	17	b2b	b2b	NOUN
gp-365	13	18	company	company	NOUN
gp-365	13	19	values	value	NOUN
gp-365	13	20	.	.	PUNCT
gp-365	14	1	for	for	ADP
gp-365	14	2	b2c	b2c	ADJ
gp-365	14	3	companies	company	NOUN
gp-365	14	4	,	,	PUNCT
gp-365	14	5	reputation	reputation	NOUN
gp-365	14	6	(	(	PUNCT
gp-365	14	7	rep	rep	NOUN
gp-365	14	8	)	)	PUNCT
gp-365	14	9	is	be	AUX
gp-365	14	10	not	not	PART
gp-365	14	11	significant	significant	ADJ
gp-365	14	12	as	as	ADP
gp-365	14	13	a	a	DET
gp-365	14	14	mediator	mediator	NOUN
gp-365	14	15	between	between	ADP
gp-365	14	16	social	social	ADJ
gp-365	14	17	media	medium	NOUN
gp-365	14	18	and	and	CCONJ
gp-365	14	19	company	company	NOUN
gp-365	14	20	values	value	NOUN
gp-365	14	21	.	.	PUNCT
gp-365	15	1	keywords	keyword	NOUN
gp-365	15	2	:	:	PUNCT
gp-365	15	3	social	social	ADJ
gp-365	15	4	media	medium	NOUN
gp-365	15	5	,	,	PUNCT
gp-365	15	6	corporate	corporate	ADJ
gp-365	15	7	reputation	reputation	NOUN
gp-365	15	8	,	,	PUNCT
gp-365	15	9	company	company	NOUN
gp-365	15	10	value	value	NOUN
gp-365	15	11	,	,	PUNCT
gp-365	15	12	katada	katada	PROPN
gp-365	15	13	esg	esg	PROPN
gp-365	15	14	index	index	NOUN
gp-365	15	15	introduction	introduction	NOUN
gp-365	15	16	in	in	ADP
gp-365	15	17	the	the	DET
gp-365	15	18	modern	modern	ADJ
gp-365	15	19	business	business	NOUN
gp-365	15	20	era	era	NOUN
gp-365	15	21	,	,	PUNCT
gp-365	15	22	sustainability	sustainability	NOUN
gp-365	15	23	practices	practice	NOUN
gp-365	15	24	and	and	CCONJ
gp-365	15	25	social	social	ADJ
gp-365	15	26	responsibility	responsibility	NOUN
gp-365	15	27	have	have	AUX
gp-365	15	28	become	become	VERB
gp-365	15	29	integral	integral	ADJ
gp-365	15	30	parts	part	NOUN
gp-365	15	31	of	of	ADP
gp-365	15	32	a	a	DET
gp-365	15	33	company	company	NOUN
gp-365	15	34	’s	’s	PART
gp-365	15	35	strategy	strategy	NOUN
gp-365	15	36	(	(	PUNCT
gp-365	15	37	putri	putri	PROPN
gp-365	15	38	et	et	PROPN
gp-365	15	39	al	al	PROPN
gp-365	15	40	.	.	PROPN
gp-365	15	41	,	,	PUNCT
gp-365	15	42	2025	2025	NUM
gp-365	15	43	)	)	PUNCT
gp-365	15	44	.	.	PUNCT
gp-365	16	1	this	this	PRON
gp-365	16	2	is	be	AUX
gp-365	16	3	not	not	PART
gp-365	16	4	only	only	ADV
gp-365	16	5	due	due	ADJ
gp-365	16	6	to	to	ADP
gp-365	16	7	regulatory	regulatory	ADJ
gp-365	16	8	demands	demand	NOUN
gp-365	16	9	but	but	CCONJ
gp-365	16	10	also	also	ADV
gp-365	16	11	in	in	ADP
gp-365	16	12	response	response	NOUN
gp-365	16	13	to	to	ADP
gp-365	16	14	pressure	pressure	NOUN
gp-365	16	15	from	from	ADP
gp-365	16	16	investors	investor	NOUN
gp-365	16	17	,	,	PUNCT
gp-365	16	18	consumers	consumer	NOUN
gp-365	16	19	,	,	PUNCT
gp-365	16	20	and	and	CCONJ
gp-365	16	21	the	the	DET
gp-365	16	22	public	public	NOUN
gp-365	16	23	,	,	PUNCT
gp-365	16	24	who	who	PRON
gp-365	16	25	are	be	AUX
gp-365	16	26	increasingly	increasingly	ADV
gp-365	16	27	aware	aware	ADJ
gp-365	16	28	of	of	ADP
gp-365	16	29	the	the	DET
gp-365	16	30	importance	importance	NOUN
gp-365	16	31	of	of	ADP
gp-365	16	32	environmental	environmental	ADJ
gp-365	16	33	and	and	CCONJ
gp-365	16	34	social	social	ADJ
gp-365	16	35	sustainability	sustainability	NOUN
gp-365	16	36	(	(	PUNCT
gp-365	16	37	chau	chau	NOUN
gp-365	16	38	,	,	PUNCT
gp-365	16	39	2025	2025	NUM
gp-365	16	40	;	;	PUNCT
gp-365	16	41	zheng	zheng	PROPN
gp-365	16	42	,	,	PUNCT
gp-365	16	43	2025	2025	NUM
gp-365	16	44	)	)	PUNCT
gp-365	16	45	.	.	PUNCT
gp-365	17	1	amid	amid	ADP
gp-365	17	2	these	these	DET
gp-365	17	3	dynamics	dynamic	NOUN
gp-365	17	4	,	,	PUNCT
gp-365	17	5	the	the	DET
gp-365	17	6	application	application	NOUN
gp-365	17	7	of	of	ADP
gp-365	17	8	environmental	environmental	ADJ
gp-365	17	9	,	,	PUNCT
gp-365	17	10	social	social	ADJ
gp-365	17	11	,	,	PUNCT
gp-365	17	12	and	and	CCONJ
gp-365	17	13	governance	governance	NOUN
gp-365	17	14	(	(	PUNCT
gp-365	17	15	esg	esg	NOUN
gp-365	17	16	)	)	PUNCT
gp-365	17	17	principles	principle	NOUN
gp-365	17	18	has	have	AUX
gp-365	17	19	become	become	VERB
gp-365	17	20	increasingly	increasingly	ADV
gp-365	17	21	significant	significant	ADJ
gp-365	17	22	,	,	PUNCT
gp-365	17	23	both	both	CCONJ
gp-365	17	24	in	in	ADP
gp-365	17	25	creating	create	VERB
gp-365	17	26	a	a	DET
gp-365	17	27	competitive	competitive	ADJ
gp-365	17	28	advantage	advantage	NOUN
gp-365	17	29	,	,	PUNCT
gp-365	17	30	building	build	VERB
gp-365	17	31	a	a	DET
gp-365	17	32	reputation	reputation	NOUN
gp-365	17	33	,	,	PUNCT
gp-365	17	34	and	and	CCONJ
gp-365	17	35	driving	drive	VERB
gp-365	17	36	company	company	NOUN
gp-365	17	37	value	value	NOUN
gp-365	17	38	in	in	ADP
gp-365	17	39	the	the	DET
gp-365	17	40	long	long	ADJ
gp-365	17	41	term	term	NOUN
gp-365	17	42	(	(	PUNCT
gp-365	17	43	jin	jin	NOUN
gp-365	17	44	,	,	PUNCT
gp-365	17	45	2023	2023	NUM
gp-365	17	46	;	;	PUNCT
gp-365	17	47	fadhlurrahman	fadhlurrahman	NOUN
gp-365	17	48	,	,	PUNCT
gp-365	17	49	2025	2025	NUM
gp-365	17	50	)	)	PUNCT
gp-365	17	51	.	.	PUNCT
gp-365	18	1	therefore	therefore	ADV
gp-365	18	2	,	,	PUNCT
gp-365	18	3	the	the	DET
gp-365	18	4	katadata	katadata	NOUN
gp-365	18	5	insight	insight	NOUN
gp-365	18	6	center	center	NOUN
gp-365	18	7	,	,	PUNCT
gp-365	18	8	in	in	ADP
gp-365	18	9	collaboration	collaboration	NOUN
gp-365	18	10	with	with	ADP
gp-365	18	11	the	the	DET
gp-365	18	12	bumi	bumi	PROPN
gp-365	18	13	global	global	PROPN
gp-365	18	14	karbon	karbon	PROPN
gp-365	18	15	foundation	foundation	PROPN
gp-365	18	16	and	and	CCONJ
gp-365	18	17	several	several	ADJ
gp-365	18	18	partners	partner	NOUN
gp-365	18	19	,	,	PUNCT
gp-365	18	20	compiled	compile	VERB
gp-365	18	21	the	the	DET
gp-365	18	22	katadata	katadata	PROPN
gp-365	18	23	esg	esg	PROPN
gp-365	18	24	index	index	NOUN
gp-365	18	25	(	(	PUNCT
gp-365	18	26	katadata	katadata	NOUN
gp-365	18	27	,	,	PUNCT
gp-365	18	28	2024	2024	NUM
gp-365	18	29	)	)	PUNCT
gp-365	18	30	.	.	PUNCT
gp-365	19	1	this	this	PRON
gp-365	19	2	shows	show	VERB
gp-365	19	3	that	that	SCONJ
gp-365	19	4	esg	esg	NOUN
gp-365	19	5	-	-	PUNCT
gp-365	19	6	based	base	VERB
gp-365	19	7	reputation	reputation	NOUN
gp-365	19	8	is	be	AUX
gp-365	19	9	now	now	ADV
gp-365	19	10	an	an	DET
gp-365	19	11	important	important	ADJ
gp-365	19	12	aspect	aspect	NOUN
gp-365	19	13	also	also	ADV
gp-365	19	14	considered	consider	VERB
gp-365	19	15	in	in	ADP
gp-365	19	16	the	the	DET
gp-365	19	17	assessment	assessment	NOUN
gp-365	19	18	of	of	ADP
gp-365	19	19	company	company	NOUN
gp-365	19	20	reputation	reputation	NOUN
gp-365	19	21	,	,	PUNCT
gp-365	19	22	which	which	PRON
gp-365	19	23	impacts	impact	VERB
gp-365	19	24	the	the	DET
gp-365	19	25	assessment	assessment	NOUN
gp-365	19	26	of	of	ADP
gp-365	19	27	company	company	NOUN
gp-365	19	28	value	value	NOUN
gp-365	19	29	(	(	PUNCT
gp-365	19	30	anis	anis	PROPN
gp-365	19	31	,	,	PUNCT
gp-365	19	32	2025	2025	NUM
gp-365	19	33	)	)	PUNCT
gp-365	19	34	.	.	PUNCT
gp-365	20	1	based	base	VERB
gp-365	20	2	on	on	ADP
gp-365	20	3	data	datum	NOUN
gp-365	20	4	from	from	ADP
gp-365	20	5	the	the	DET
gp-365	20	6	otoritas	otorita	NOUN
gp-365	20	7	jasa	jasa	PROPN
gp-365	20	8	keuangan	keuangan	NOUN
gp-365	20	9	(	(	PUNCT
gp-365	20	10	ojk	ojk	NOUN
gp-365	20	11	,	,	PUNCT
gp-365	20	12	2023	2023	NUM
gp-365	20	13	)	)	PUNCT
gp-365	20	14	more	more	ADJ
gp-365	20	15	than	than	ADP
gp-365	20	16	80	80	NUM
gp-365	20	17	%	%	NOUN
gp-365	20	18	of	of	ADP
gp-365	20	19	global	global	ADJ
gp-365	20	20	institutional	institutional	ADJ
gp-365	20	21	investors	investor	NOUN
gp-365	20	22	consider	consider	VERB
gp-365	20	23	esg	esg	NOUN
gp-365	20	24	factors	factor	NOUN
gp-365	20	25	before	before	ADP
gp-365	20	26	investing	invest	VERB
gp-365	20	27	(	(	PUNCT
gp-365	20	28	oecd	oecd	PROPN
gp-365	20	29	,	,	PUNCT
gp-365	20	30	2025	2025	NUM
gp-365	20	31	)	)	PUNCT
gp-365	20	32	.	.	PUNCT
gp-365	21	1	this	this	DET
gp-365	21	2	trend	trend	NOUN
gp-365	21	3	is	be	AUX
gp-365	21	4	also	also	ADV
gp-365	21	5	reflected	reflect	VERB
gp-365	21	6	in	in	ADP
gp-365	21	7	indonesia	indonesia	PROPN
gp-365	21	8	,	,	PUNCT
gp-365	21	9	where	where	SCONJ
gp-365	21	10	companies	company	NOUN
gp-365	21	11	that	that	PRON
gp-365	21	12	actively	actively	ADV
gp-365	21	13	report	report	VERB
gp-365	21	14	sustainability	sustainability	NOUN
gp-365	21	15	and	and	CCONJ
gp-365	21	16	have	have	VERB
gp-365	21	17	a	a	DET
gp-365	21	18	good	good	ADJ
gp-365	21	19	esg	esg	NOUN
gp-365	21	20	reputation	reputation	NOUN
gp-365	21	21	show	show	VERB
gp-365	21	22	relatively	relatively	ADV
gp-365	21	23	stable	stable	ADJ
gp-365	21	24	stock	stock	NOUN
gp-365	21	25	performance	performance	NOUN
gp-365	21	26	compared	compare	VERB
gp-365	21	27	to	to	ADP
gp-365	21	28	other	other	ADJ
gp-365	21	29	companies	company	NOUN
gp-365	21	30	,	,	PUNCT
gp-365	21	31	especially	especially	ADV
gp-365	21	32	during	during	ADP
gp-365	21	33	times	time	NOUN
gp-365	21	34	of	of	ADP
gp-365	21	35	global	global	ADJ
gp-365	21	36	uncertainty	uncertainty	NOUN
gp-365	21	37	(	(	PUNCT
gp-365	21	38	sugiarto	sugiarto	PROPN
gp-365	21	39	et	et	PROPN
gp-365	21	40	al	al	PROPN
gp-365	21	41	.	.	PROPN
gp-365	21	42	,	,	PUNCT
gp-365	21	43	2023	2023	NUM
gp-365	21	44	;	;	PUNCT
gp-365	21	45	yunica	yunica	PROPN
gp-365	21	46	et	et	PROPN
gp-365	21	47	al	al	PROPN
gp-365	21	48	.	.	PROPN
gp-365	21	49	,	,	PUNCT
gp-365	21	50	2023	2023	NUM
gp-365	21	51	)	)	PUNCT
gp-365	21	52	.	.	PUNCT
gp-365	22	1	this	this	PRON
gp-365	22	2	can	can	AUX
gp-365	22	3	be	be	AUX
gp-365	22	4	seen	see	VERB
gp-365	22	5	in	in	ADP
gp-365	22	6	the	the	DET
gp-365	22	7	chart	chart	NOUN
gp-365	22	8	of	of	ADP
gp-365	22	9	stock	stock	NOUN
gp-365	22	10	price	price	NOUN
gp-365	22	11	movements	movement	NOUN
gp-365	22	12	for	for	ADP
gp-365	22	13	the	the	DET
gp-365	22	14	2020–2024	2020–2024	NUM
gp-365	22	15	period	period	NOUN
gp-365	22	16	(	(	PUNCT
gp-365	22	17	ifg	ifg	NOUN
gp-365	22	18	progress	progress	NOUN
gp-365	22	19	,	,	PUNCT
gp-365	22	20	2024	2024	NUM
gp-365	22	21	)	)	PUNCT
gp-365	22	22	.	.	PUNCT
gp-365	23	1	social	social	ADJ
gp-365	23	2	media	medium	NOUN
gp-365	23	3	influence	influence	NOUN
gp-365	23	4	on	on	ADP
gp-365	23	5	firm	firm	ADJ
gp-365	23	6	value	value	NOUN
gp-365	23	7	with	with	ADP
gp-365	23	8	corporate	corporate	ADJ
gp-365	23	9	reputation	reputation	NOUN
gp-365	23	10	as	as	ADP
gp-365	23	11	intervening	intervene	VERB
gp-365	23	12	variable	variable	NOUN
gp-365	23	13	:	:	PUNCT
gp-365	23	14	katadata	katadata	PROPN
gp-365	23	15	esg	esg	PROPN
gp-365	23	16	index	index	NOUN
gp-365	23	17	companies	company	NOUN
gp-365	23	18	on	on	ADP
gp-365	23	19	idx	idx	PROPN
gp-365	23	20	2024	2024	NUM
gp-365	23	21	1902	1902	NUM
gp-365	23	22	figure	figure	NOUN
gp-365	23	23	1	1	NUM
gp-365	23	24	.	.	PUNCT
gp-365	23	25	average	average	ADJ
gp-365	23	26	stock	stock	NOUN
gp-365	23	27	price	price	NOUN
gp-365	23	28	value	value	NOUN
gp-365	23	29	in	in	ADP
gp-365	23	30	katada	katada	PROPN
gp-365	23	31	esg	esg	PROPN
gp-365	23	32	index	index	PROPN
gp-365	23	33	company	company	NOUN
gp-365	23	34	source	source	NOUN
gp-365	23	35	:	:	PUNCT
gp-365	23	36	yahoo	yahoo	PROPN
gp-365	23	37	finance	finance	NOUN
gp-365	23	38	,	,	PUNCT
gp-365	23	39	2025	2025	NUM
gp-365	23	40	the	the	DET
gp-365	23	41	graph	graph	NOUN
gp-365	23	42	above	above	ADV
gp-365	23	43	illustrates	illustrate	VERB
gp-365	23	44	the	the	DET
gp-365	23	45	stock	stock	NOUN
gp-365	23	46	price	price	NOUN
gp-365	23	47	movements	movement	NOUN
gp-365	23	48	of	of	ADP
gp-365	23	49	the	the	DET
gp-365	23	50	13	13	NUM
gp-365	23	51	companies	company	NOUN
gp-365	23	52	that	that	PRON
gp-365	23	53	are	be	AUX
gp-365	23	54	members	member	NOUN
gp-365	23	55	of	of	ADP
gp-365	23	56	the	the	DET
gp-365	23	57	katadata	katadata	PROPN
gp-365	23	58	esg	esg	PROPN
gp-365	23	59	index	index	NOUN
gp-365	23	60	during	during	ADP
gp-365	23	61	the	the	DET
gp-365	23	62	period	period	NOUN
gp-365	23	63	from	from	ADP
gp-365	23	64	2020	2020	NUM
gp-365	23	65	to	to	ADP
gp-365	23	66	2024	2024	NUM
gp-365	23	67	.	.	PUNCT
gp-365	24	1	although	although	SCONJ
gp-365	24	2	the	the	DET
gp-365	24	3	value	value	NOUN
gp-365	24	4	of	of	ADP
gp-365	24	5	the	the	DET
gp-365	24	6	stock	stock	NOUN
gp-365	24	7	price	price	NOUN
gp-365	24	8	varies	vary	VERB
gp-365	24	9	,	,	PUNCT
gp-365	24	10	most	most	ADJ
gp-365	24	11	companies	company	NOUN
gp-365	24	12	such	such	ADJ
gp-365	24	13	as	as	ADP
gp-365	24	14	bbri	bbri	NOUN
gp-365	24	15	,	,	PUNCT
gp-365	24	16	bbni	bbni	PROPN
gp-365	24	17	,	,	PUNCT
gp-365	24	18	ptba	ptba	NOUN
gp-365	24	19	,	,	PUNCT
gp-365	24	20	icbp	icbp	ADV
gp-365	24	21	,	,	PUNCT
gp-365	24	22	and	and	CCONJ
gp-365	24	23	several	several	ADJ
gp-365	24	24	others	other	NOUN
gp-365	24	25	experience	experience	VERB
gp-365	24	26	reasonable	reasonable	ADJ
gp-365	24	27	fluctuations	fluctuation	NOUN
gp-365	24	28	,	,	PUNCT
gp-365	24	29	yet	yet	CCONJ
gp-365	24	30	they	they	PRON
gp-365	24	31	remain	remain	VERB
gp-365	24	32	within	within	ADP
gp-365	24	33	a	a	DET
gp-365	24	34	stable	stable	ADJ
gp-365	24	35	price	price	NOUN
gp-365	24	36	range	range	NOUN
gp-365	24	37	from	from	ADP
gp-365	24	38	year	year	NOUN
gp-365	24	39	to	to	ADP
gp-365	24	40	year	year	NOUN
gp-365	24	41	.	.	PUNCT
gp-365	25	1	this	this	DET
gp-365	25	2	stability	stability	NOUN
gp-365	25	3	can	can	AUX
gp-365	25	4	be	be	AUX
gp-365	25	5	interpreted	interpret	VERB
gp-365	25	6	as	as	ADP
gp-365	25	7	a	a	DET
gp-365	25	8	form	form	NOUN
gp-365	25	9	of	of	ADP
gp-365	25	10	market	market	NOUN
gp-365	25	11	confidence	confidence	NOUN
gp-365	25	12	in	in	ADP
gp-365	25	13	the	the	DET
gp-365	25	14	company	company	NOUN
gp-365	25	15	's	's	PART
gp-365	25	16	longterm	longterm	ADJ
gp-365	25	17	performance	performance	NOUN
gp-365	25	18	,	,	PUNCT
gp-365	25	19	especially	especially	ADV
gp-365	25	20	because	because	SCONJ
gp-365	25	21	companies	company	NOUN
gp-365	25	22	in	in	ADP
gp-365	25	23	this	this	DET
gp-365	25	24	index	index	NOUN
gp-365	25	25	have	have	AUX
gp-365	25	26	met	meet	VERB
gp-365	25	27	environmental	environmental	ADJ
gp-365	25	28	,	,	PUNCT
gp-365	25	29	social	social	ADJ
gp-365	25	30	,	,	PUNCT
gp-365	25	31	and	and	CCONJ
gp-365	25	32	governance	governance	NOUN
gp-365	25	33	(	(	PUNCT
gp-365	25	34	esg	esg	NOUN
gp-365	25	35	)	)	PUNCT
gp-365	25	36	criteria	criterion	NOUN
gp-365	25	37	that	that	PRON
gp-365	25	38	reflect	reflect	VERB
gp-365	25	39	sustainability	sustainability	NOUN
gp-365	25	40	,	,	PUNCT
gp-365	25	41	business	business	NOUN
gp-365	25	42	ethics	ethic	NOUN
gp-365	25	43	,	,	PUNCT
gp-365	25	44	and	and	CCONJ
gp-365	25	45	social	social	ADJ
gp-365	25	46	responsibility	responsibility	NOUN
gp-365	25	47	(	(	PUNCT
gp-365	25	48	park	park	NOUN
gp-365	25	49	et	et	PROPN
gp-365	25	50	al	al	PROPN
gp-365	25	51	.	.	PROPN
gp-365	25	52	,	,	PUNCT
gp-365	25	53	2017	2017	NUM
gp-365	25	54	)	)	PUNCT
gp-365	25	55	.	.	PUNCT
gp-365	26	1	however	however	ADV
gp-365	26	2	,	,	PUNCT
gp-365	26	3	the	the	DET
gp-365	26	4	company	company	NOUN
gp-365	26	5	’s	’s	PART
gp-365	26	6	efforts	effort	NOUN
gp-365	26	7	to	to	PART
gp-365	26	8	build	build	VERB
gp-365	26	9	a	a	DET
gp-365	26	10	reputation	reputation	NOUN
gp-365	26	11	do	do	AUX
gp-365	26	12	not	not	PART
gp-365	26	13	depend	depend	VERB
gp-365	26	14	solely	solely	ADV
gp-365	26	15	on	on	ADP
gp-365	26	16	esg	esg	NOUN
gp-365	26	17	practices	practice	VERB
gp-365	26	18	themselves	themselves	PRON
gp-365	26	19	because	because	SCONJ
gp-365	26	20	we	we	PRON
gp-365	26	21	can	can	AUX
gp-365	26	22	see	see	VERB
gp-365	26	23	that	that	SCONJ
gp-365	26	24	several	several	ADJ
gp-365	26	25	companies	company	NOUN
gp-365	26	26	still	still	ADV
gp-365	26	27	experience	experience	VERB
gp-365	26	28	a	a	DET
gp-365	26	29	decline	decline	NOUN
gp-365	26	30	in	in	ADP
gp-365	26	31	stock	stock	NOUN
gp-365	26	32	value	value	NOUN
gp-365	26	33	from	from	ADP
gp-365	26	34	the	the	DET
gp-365	26	35	chart	chart	NOUN
gp-365	26	36	above	above	ADV
gp-365	26	37	,	,	PUNCT
gp-365	26	38	despite	despite	SCONJ
gp-365	26	39	implementing	implement	VERB
gp-365	26	40	esg	esg	NOUN
gp-365	26	41	practices	practice	NOUN
gp-365	26	42	(	(	PUNCT
gp-365	26	43	nicolas	nicolas	X
gp-365	26	44	et	et	PROPN
gp-365	26	45	al	al	PROPN
gp-365	26	46	.	.	PROPN
gp-365	26	47	,	,	PUNCT
gp-365	26	48	2023	2023	NUM
gp-365	26	49	;	;	PUNCT
gp-365	26	50	molnár	molnár	PROPN
gp-365	26	51	et	et	PROPN
gp-365	26	52	al	al	PROPN
gp-365	26	53	.	.	PROPN
gp-365	26	54	,	,	PUNCT
gp-365	26	55	2022	2022	NUM
gp-365	26	56	)	)	PUNCT
gp-365	26	57	.	.	PUNCT
gp-365	27	1	therefore	therefore	ADV
gp-365	27	2	,	,	PUNCT
gp-365	27	3	companies	company	NOUN
gp-365	27	4	also	also	ADV
gp-365	27	5	need	need	VERB
gp-365	27	6	to	to	PART
gp-365	27	7	strategize	strategize	VERB
gp-365	27	8	how	how	SCONJ
gp-365	27	9	the	the	DET
gp-365	27	10	information	information	NOUN
gp-365	27	11	is	be	AUX
gp-365	27	12	communicated	communicate	VERB
gp-365	27	13	to	to	ADP
gp-365	27	14	the	the	DET
gp-365	27	15	public	public	NOUN
gp-365	27	16	.	.	PUNCT
gp-365	28	1	in	in	ADP
gp-365	28	2	today	today	NOUN
gp-365	28	3	’s	’s	PART
gp-365	28	4	digital	digital	ADJ
gp-365	28	5	context	context	NOUN
gp-365	28	6	,	,	PUNCT
gp-365	28	7	social	social	ADJ
gp-365	28	8	media	medium	NOUN
gp-365	28	9	is	be	AUX
gp-365	28	10	the	the	DET
gp-365	28	11	main	main	ADJ
gp-365	28	12	communication	communication	NOUN
gp-365	28	13	channel	channel	NOUN
gp-365	28	14	for	for	SCONJ
gp-365	28	15	companies	company	NOUN
gp-365	28	16	to	to	PART
gp-365	28	17	convey	convey	VERB
gp-365	28	18	their	their	PRON
gp-365	28	19	esg	esg	NOUN
gp-365	28	20	activities	activity	NOUN
gp-365	28	21	in	in	ADP
gp-365	28	22	a	a	DET
gp-365	28	23	broad	broad	ADJ
gp-365	28	24	,	,	PUNCT
gp-365	28	25	fast	fast	ADJ
gp-365	28	26	,	,	PUNCT
gp-365	28	27	and	and	CCONJ
gp-365	28	28	interactive	interactive	ADJ
gp-365	28	29	manner	manner	NOUN
gp-365	28	30	(	(	PUNCT
gp-365	28	31	casalegno	casalegno	NOUN
gp-365	28	32	et	et	PROPN
gp-365	28	33	al	al	PROPN
gp-365	28	34	.	.	PROPN
gp-365	28	35	,	,	PUNCT
gp-365	28	36	2023	2023	NUM
gp-365	28	37	;	;	PUNCT
gp-365	28	38	blaszczyk	blaszczyk	PROPN
gp-365	28	39	&	&	CCONJ
gp-365	28	40	le	le	X
gp-365	28	41	viet	viet	PROPN
gp-365	28	42	-	-	PUNCT
gp-365	28	43	blaszczyk	blaszczyk	PROPN
gp-365	28	44	,	,	PUNCT
gp-365	28	45	2024	2024	NUM
gp-365	28	46	)	)	PUNCT
gp-365	28	47	.	.	PUNCT
gp-365	29	1	this	this	PRON
gp-365	29	2	is	be	AUX
gp-365	29	3	characterized	characterize	VERB
gp-365	29	4	by	by	ADP
gp-365	29	5	the	the	DET
gp-365	29	6	increasing	increase	VERB
gp-365	29	7	development	development	NOUN
gp-365	29	8	of	of	ADP
gp-365	29	9	technology	technology	NOUN
gp-365	29	10	that	that	PRON
gp-365	29	11	has	have	AUX
gp-365	29	12	brought	bring	VERB
gp-365	29	13	many	many	ADJ
gp-365	29	14	changes	change	NOUN
gp-365	29	15	in	in	ADP
gp-365	29	16	social	social	ADJ
gp-365	29	17	and	and	CCONJ
gp-365	29	18	business	business	NOUN
gp-365	29	19	fields	field	NOUN
gp-365	29	20	,	,	PUNCT
gp-365	29	21	leading	lead	VERB
gp-365	29	22	to	to	ADP
gp-365	29	23	increased	increase	VERB
gp-365	29	24	internet	internet	NOUN
gp-365	29	25	use	use	NOUN
gp-365	29	26	and	and	CCONJ
gp-365	29	27	the	the	DET
gp-365	29	28	expansion	expansion	NOUN
gp-365	29	29	of	of	ADP
gp-365	29	30	internet	internet	NOUN
gp-365	29	31	availability	availability	NOUN
gp-365	29	32	throughout	throughout	ADP
gp-365	29	33	the	the	DET
gp-365	29	34	country	country	NOUN
gp-365	29	35	,	,	PUNCT
gp-365	29	36	especially	especially	ADV
gp-365	29	37	in	in	ADP
gp-365	29	38	indonesia	indonesia	PROPN
gp-365	29	39	(	(	PUNCT
gp-365	29	40	network	network	NOUN
gp-365	29	41	attention	attention	NOUN
gp-365	29	42	study	study	NOUN
gp-365	29	43	,	,	PUNCT
gp-365	29	44	2024	2024	NUM
gp-365	29	45	)	)	PUNCT
gp-365	29	46	.	.	PUNCT
gp-365	30	1	this	this	DET
gp-365	30	2	change	change	NOUN
gp-365	30	3	brings	bring	VERB
gp-365	30	4	a	a	DET
gp-365	30	5	new	new	ADJ
gp-365	30	6	concept	concept	NOUN
gp-365	30	7	into	into	ADP
gp-365	30	8	our	our	PRON
gp-365	30	9	daily	daily	ADJ
gp-365	30	10	activities	activity	NOUN
gp-365	30	11	:	:	PUNCT
gp-365	30	12	social	social	ADJ
gp-365	30	13	media	medium	NOUN
gp-365	30	14	.	.	PUNCT
gp-365	31	1	social	social	ADJ
gp-365	31	2	media	medium	NOUN
gp-365	31	3	is	be	AUX
gp-365	31	4	an	an	DET
gp-365	31	5	internet	internet	NOUN
gp-365	31	6	-	-	PUNCT
gp-365	31	7	based	base	VERB
gp-365	31	8	tool	tool	NOUN
gp-365	31	9	used	use	VERB
gp-365	31	10	as	as	ADP
gp-365	31	11	a	a	DET
gp-365	31	12	platform	platform	NOUN
gp-365	31	13	where	where	SCONJ
gp-365	31	14	individuals	individual	NOUN
gp-365	31	15	and	and	CCONJ
gp-365	31	16	groups	group	NOUN
gp-365	31	17	can	can	AUX
gp-365	31	18	communicate	communicate	VERB
gp-365	31	19	(	(	PUNCT
gp-365	31	20	navigating	navigate	VERB
gp-365	31	21	esg	esg	PROPN
gp-365	31	22	communication	communication	NOUN
gp-365	31	23	study	study	NOUN
gp-365	31	24	,	,	PUNCT
gp-365	31	25	2023	2023	NUM
gp-365	31	26	)	)	PUNCT
gp-365	31	27	.	.	PUNCT
gp-365	32	1	kim	kim	PROPN
gp-365	32	2	,	,	PUNCT
gp-365	32	3	jeong	jeong	PROPN
gp-365	32	4	,	,	PUNCT
gp-365	32	5	and	and	CCONJ
gp-365	32	6	lee	lee	PROPN
gp-365	32	7	(	(	PUNCT
gp-365	32	8	2010	2010	NUM
gp-365	32	9	)	)	PUNCT
gp-365	32	10	argue	argue	VERB
gp-365	32	11	that	that	SCONJ
gp-365	32	12	social	social	ADJ
gp-365	32	13	media	media	NOUN
gp-365	32	14	is	be	AUX
gp-365	32	15	an	an	DET
gp-365	32	16	online	online	ADJ
gp-365	32	17	community	community	NOUN
gp-365	32	18	whose	whose	DET
gp-365	32	19	content	content	NOUN
gp-365	32	20	is	be	AUX
gp-365	32	21	created	create	VERB
gp-365	32	22	and	and	CCONJ
gp-365	32	23	shared	share	VERB
gp-365	32	24	by	by	ADP
gp-365	32	25	users	user	NOUN
gp-365	32	26	.	.	PUNCT
gp-365	33	1	therefore	therefore	ADV
gp-365	33	2	,	,	PUNCT
gp-365	33	3	it	it	PRON
gp-365	33	4	can	can	AUX
gp-365	33	5	be	be	AUX
gp-365	33	6	concluded	conclude	VERB
gp-365	33	7	that	that	SCONJ
gp-365	33	8	social	social	ADJ
gp-365	33	9	media	media	NOUN
gp-365	33	10	is	be	AUX
gp-365	33	11	a	a	DET
gp-365	33	12	means	means	NOUN
gp-365	33	13	of	of	ADP
gp-365	33	14	communication	communication	NOUN
gp-365	33	15	that	that	PRON
gp-365	33	16	breaks	break	VERB
gp-365	33	17	through	through	ADP
gp-365	33	18	conventional	conventional	ADJ
gp-365	33	19	boundaries	boundary	NOUN
gp-365	33	20	,	,	PUNCT
gp-365	33	21	allowing	allow	VERB
gp-365	33	22	each	each	DET
gp-365	33	23	individual	individual	NOUN
gp-365	33	24	to	to	PART
gp-365	33	25	connect	connect	VERB
gp-365	33	26	regardless	regardless	ADV
gp-365	33	27	of	of	ADP
gp-365	33	28	their	their	PRON
gp-365	33	29	environment	environment	NOUN
gp-365	33	30	.	.	PUNCT
gp-365	34	1	based	base	VERB
gp-365	34	2	on	on	ADP
gp-365	34	3	the	the	DET
gp-365	34	4	report	report	NOUN
gp-365	34	5	on	on	ADP
gp-365	34	6	active	active	ADJ
gp-365	34	7	social	social	ADJ
gp-365	34	8	media	medium	NOUN
gp-365	34	9	users	user	NOUN
gp-365	34	10	in	in	ADP
gp-365	34	11	indonesia	indonesia	PROPN
gp-365	34	12	from	from	ADP
gp-365	34	13	godstats	godstat	NOUN
gp-365	34	14	for	for	ADP
gp-365	34	15	2017–2025	2017–2025	NUM
gp-365	34	16	,	,	PUNCT
gp-365	34	17	the	the	DET
gp-365	34	18	number	number	NOUN
gp-365	34	19	of	of	ADP
gp-365	34	20	active	active	ADJ
gp-365	34	21	social	social	ADJ
gp-365	34	22	media	medium	NOUN
gp-365	34	23	users	user	NOUN
gp-365	34	24	in	in	ADP
gp-365	34	25	indonesia	indonesia	PROPN
gp-365	34	26	was	be	AUX
gp-365	34	27	139	139	NUM
gp-365	34	28	million	million	NUM
gp-365	34	29	at	at	ADP
gp-365	34	30	the	the	DET
gp-365	34	31	beginning	beginning	NOUN
gp-365	34	32	of	of	ADP
gp-365	34	33	2024	2024	NUM
gp-365	34	34	.	.	PUNCT
gp-365	35	1	this	this	DET
gp-365	35	2	number	number	NOUN
gp-365	35	3	is	be	AUX
gp-365	35	4	equivalent	equivalent	ADJ
gp-365	35	5	to	to	ADP
gp-365	35	6	49.9	49.9	NUM
gp-365	35	7	%	%	NOUN
gp-365	35	8	of	of	ADP
gp-365	35	9	the	the	DET
gp-365	35	10	population	population	NOUN
gp-365	35	11	in	in	ADP
gp-365	35	12	the	the	DET
gp-365	35	13	country	country	NOUN
gp-365	35	14	.	.	PUNCT
gp-365	36	1	this	this	PRON
gp-365	36	2	shows	show	VERB
gp-365	36	3	significant	significant	ADJ
gp-365	36	4	growth	growth	NOUN
gp-365	36	5	compared	compare	VERB
gp-365	36	6	to	to	ADP
gp-365	36	7	previous	previous	ADJ
gp-365	36	8	years	year	NOUN
gp-365	36	9	.	.	PUNCT
gp-365	37	1	in	in	ADP
gp-365	37	2	2020	2020	NUM
gp-365	37	3	,	,	PUNCT
gp-365	37	4	active	active	ADJ
gp-365	37	5	social	social	ADJ
gp-365	37	6	media	medium	NOUN
gp-365	37	7	users	user	NOUN
gp-365	37	8	reached	reach	VERB
gp-365	37	9	66.05	66.05	NUM
gp-365	37	10	%	%	NOUN
gp-365	37	11	,	,	PUNCT
gp-365	37	12	and	and	CCONJ
gp-365	37	13	this	this	DET
gp-365	37	14	figure	figure	NOUN
gp-365	37	15	continued	continue	VERB
gp-365	37	16	to	to	PART
gp-365	37	17	increase	increase	VERB
gp-365	37	18	until	until	ADP
gp-365	37	19	2024	2024	NUM
gp-365	37	20	,	,	PUNCT
gp-365	37	21	reaching	reach	VERB
gp-365	37	22	78.32	78.32	NUM
gp-365	37	23	%	%	NOUN
gp-365	37	24	.	.	PUNCT
gp-365	38	1	in	in	ADP
gp-365	38	2	2024	2024	NUM
gp-365	38	3	,	,	PUNCT
gp-365	38	4	the	the	DET
gp-365	38	5	growth	growth	NOUN
gp-365	38	6	of	of	ADP
gp-365	38	7	social	social	ADJ
gp-365	38	8	media	medium	NOUN
gp-365	38	9	users	user	NOUN
gp-365	38	10	in	in	ADP
gp-365	38	11	indonesia	indonesia	PROPN
gp-365	38	12	rose	rise	VERB
gp-365	38	13	by	by	ADP
gp-365	38	14	12.3	12.3	NUM
gp-365	38	15	%	%	NOUN
gp-365	38	16	compared	compare	VERB
gp-365	38	17	to	to	ADP
gp-365	38	18	the	the	DET
gp-365	38	19	previous	previous	ADJ
gp-365	38	20	year	year	NOUN
gp-365	38	21	,	,	PUNCT
gp-365	38	22	with	with	ADP
gp-365	38	23	an	an	DET
gp-365	38	24	addition	addition	NOUN
gp-365	38	25	of	of	ADP
gp-365	38	26	around	around	ADP
gp-365	38	27	21	21	NUM
gp-365	38	28	million	million	NUM
gp-365	38	29	users	user	NOUN
gp-365	38	30	.	.	PUNCT
gp-365	39	1	meanwhile	meanwhile	ADV
gp-365	39	2	,	,	PUNCT
gp-365	39	3	the	the	DET
gp-365	39	4	average	average	ADJ
gp-365	39	5	daily	daily	ADJ
gp-365	39	6	use	use	NOUN
gp-365	39	7	is	be	AUX
gp-365	39	8	3	3	NUM
gp-365	39	9	hours	hour	NOUN
gp-365	39	10	and	and	CCONJ
gp-365	39	11	11	11	NUM
gp-365	39	12	minutes	minute	NOUN
gp-365	39	13	,	,	PUNCT
gp-365	39	14	especially	especially	ADV
gp-365	39	15	among	among	ADP
gp-365	39	16	active	active	ADJ
gp-365	39	17	social	social	ADJ
gp-365	39	18	media	medium	NOUN
gp-365	39	19	users	user	NOUN
gp-365	39	20	.	.	PUNCT
gp-365	40	1	this	this	PRON
gp-365	40	2	makes	make	VERB
gp-365	40	3	indonesia	indonesia	PROPN
gp-365	40	4	the	the	DET
gp-365	40	5	4th	4th	ADJ
gp-365	40	6	country	country	NOUN
gp-365	40	7	with	with	ADP
gp-365	40	8	the	the	DET
gp-365	40	9	most	most	ADV
gp-365	40	10	active	active	ADJ
gp-365	40	11	social	social	ADJ
gp-365	40	12	media	medium	NOUN
gp-365	40	13	users	user	NOUN
gp-365	40	14	in	in	ADP
gp-365	40	15	the	the	DET
gp-365	40	16	world	world	NOUN
gp-365	40	17	.	.	PUNCT
gp-365	41	1	this	this	PRON
gp-365	41	2	,	,	PUNCT
gp-365	41	3	of	of	ADP
gp-365	41	4	course	course	NOUN
gp-365	41	5	,	,	PUNCT
gp-365	41	6	demonstrates	demonstrate	VERB
gp-365	41	7	how	how	SCONJ
gp-365	41	8	social	social	ADJ
gp-365	41	9	media	medium	NOUN
gp-365	41	10	has	have	AUX
gp-365	41	11	become	become	VERB
gp-365	41	12	a	a	DET
gp-365	41	13	new	new	ADJ
gp-365	41	14	revolutionary	revolutionary	ADJ
gp-365	41	15	trend	trend	NOUN
gp-365	41	16	that	that	PRON
gp-365	41	17	companies	company	NOUN
gp-365	41	18	,	,	PUNCT
gp-365	41	19	especially	especially	ADV
gp-365	41	20	those	those	PRON
gp-365	41	21	listed	list	VERB
gp-365	41	22	in	in	ADP
gp-365	41	23	the	the	DET
gp-365	41	24	esg	esg	PROPN
gp-365	41	25	index	index	NOUN
gp-365	41	26	data	datum	NOUN
gp-365	41	27	,	,	PUNCT
gp-365	41	28	need	need	VERB
gp-365	41	29	to	to	PART
gp-365	41	30	consider	consider	VERB
gp-365	41	31	.	.	PUNCT
gp-365	42	1	social	social	ADJ
gp-365	42	2	media	medium	NOUN
gp-365	42	3	allows	allow	VERB
gp-365	42	4	0	0	NUM
gp-365	42	5	2000	2000	NUM
gp-365	42	6	4000	4000	NUM
gp-365	42	7	6000	6000	NUM
gp-365	42	8	8000	8000	NUM
gp-365	42	9	10000	10000	NUM
gp-365	42	10	12000	12000	NUM
gp-365	42	11	14000	14000	NUM
gp-365	42	12	2020	2020	NUM
gp-365	42	13	2021	2021	NUM
gp-365	42	14	2022	2022	NUM
gp-365	42	15	2023	2023	NUM
gp-365	42	16	2024	2024	NUM
gp-365	42	17	social	social	ADJ
gp-365	42	18	media	medium	NOUN
gp-365	42	19	influence	influence	NOUN
gp-365	42	20	on	on	ADP
gp-365	42	21	firm	firm	ADJ
gp-365	42	22	value	value	NOUN
gp-365	42	23	with	with	ADP
gp-365	42	24	corporate	corporate	ADJ
gp-365	42	25	reputation	reputation	NOUN
gp-365	42	26	as	as	ADP
gp-365	42	27	intervening	intervene	VERB
gp-365	42	28	variable	variable	NOUN
gp-365	42	29	:	:	PUNCT
gp-365	42	30	katadata	katadata	PROPN
gp-365	42	31	esg	esg	PROPN
gp-365	42	32	index	index	NOUN
gp-365	42	33	companies	company	NOUN
gp-365	42	34	on	on	ADP
gp-365	42	35	idx	idx	PROPN
gp-365	42	36	2024	2024	NUM
gp-365	42	37	1903	1903	NUM
gp-365	42	38	companies	company	NOUN
gp-365	42	39	to	to	PART
gp-365	42	40	convey	convey	VERB
gp-365	42	41	sustainability	sustainability	NOUN
gp-365	42	42	narratives	narrative	NOUN
gp-365	42	43	,	,	PUNCT
gp-365	42	44	answer	answer	VERB
gp-365	42	45	public	public	ADJ
gp-365	42	46	questions	question	NOUN
gp-365	42	47	,	,	PUNCT
gp-365	42	48	and	and	CCONJ
gp-365	42	49	directly	directly	ADV
gp-365	42	50	shape	shape	VERB
gp-365	42	51	perceptions	perception	NOUN
gp-365	42	52	of	of	ADP
gp-365	42	53	the	the	DET
gp-365	42	54	company	company	NOUN
gp-365	42	55	’s	’s	PART
gp-365	42	56	identity	identity	NOUN
gp-365	42	57	and	and	CCONJ
gp-365	42	58	image	image	NOUN
gp-365	42	59	,	,	PUNCT
gp-365	42	60	which	which	PRON
gp-365	42	61	can	can	AUX
gp-365	42	62	affect	affect	VERB
gp-365	42	63	the	the	DET
gp-365	42	64	company	company	NOUN
gp-365	42	65	’s	’s	PART
gp-365	42	66	value	value	NOUN
gp-365	42	67	.	.	PUNCT
gp-365	43	1	the	the	DET
gp-365	43	2	value	value	NOUN
gp-365	43	3	of	of	ADP
gp-365	43	4	a	a	DET
gp-365	43	5	company	company	NOUN
gp-365	43	6	that	that	PRON
gp-365	43	7	goes	go	VERB
gp-365	43	8	public	public	NOUN
gp-365	43	9	can	can	AUX
gp-365	43	10	be	be	AUX
gp-365	43	11	seen	see	VERB
gp-365	43	12	in	in	ADP
gp-365	43	13	the	the	DET
gp-365	43	14	company	company	NOUN
gp-365	43	15	's	's	PART
gp-365	43	16	share	share	NOUN
gp-365	43	17	price	price	NOUN
gp-365	43	18	(	(	PUNCT
gp-365	43	19	salvatore	salvatore	NOUN
gp-365	43	20	,	,	PUNCT
gp-365	43	21	2005	2005	NUM
gp-365	43	22	in	in	ADP
gp-365	43	23	hermuningsih	hermuningsih	PROPN
gp-365	43	24	,	,	PUNCT
gp-365	43	25	2012	2012	NUM
gp-365	43	26	)	)	PUNCT
gp-365	43	27	.	.	PUNCT
gp-365	44	1	the	the	DET
gp-365	44	2	existence	existence	NOUN
gp-365	44	3	of	of	ADP
gp-365	44	4	the	the	DET
gp-365	44	5	capital	capital	NOUN
gp-365	44	6	market	market	NOUN
gp-365	44	7	in	in	ADP
gp-365	44	8	indonesia	indonesia	PROPN
gp-365	44	9	is	be	AUX
gp-365	44	10	very	very	ADV
gp-365	44	11	important	important	ADJ
gp-365	44	12	for	for	ADP
gp-365	44	13	companies	company	NOUN
gp-365	44	14	because	because	SCONJ
gp-365	44	15	issuing	issue	VERB
gp-365	44	16	shares	share	NOUN
gp-365	44	17	on	on	ADP
gp-365	44	18	the	the	DET
gp-365	44	19	stock	stock	NOUN
gp-365	44	20	exchange	exchange	NOUN
gp-365	44	21	attracts	attract	VERB
gp-365	44	22	investors	investor	NOUN
gp-365	44	23	to	to	PART
gp-365	44	24	invest	invest	VERB
gp-365	44	25	capital	capital	NOUN
gp-365	44	26	,	,	PUNCT
gp-365	44	27	generating	generate	VERB
gp-365	44	28	funds	fund	NOUN
gp-365	44	29	that	that	PRON
gp-365	44	30	can	can	AUX
gp-365	44	31	be	be	AUX
gp-365	44	32	used	use	VERB
gp-365	44	33	in	in	ADP
gp-365	44	34	the	the	DET
gp-365	44	35	company	company	NOUN
gp-365	44	36	’s	’s	PART
gp-365	44	37	operational	operational	ADJ
gp-365	44	38	activities	activity	NOUN
gp-365	44	39	and	and	CCONJ
gp-365	44	40	simultaneously	simultaneously	ADV
gp-365	44	41	increase	increase	VERB
gp-365	44	42	the	the	DET
gp-365	44	43	company	company	NOUN
gp-365	44	44	’s	’s	PART
gp-365	44	45	value	value	NOUN
gp-365	44	46	.	.	PUNCT
gp-365	45	1	these	these	DET
gp-365	45	2	conditions	condition	NOUN
gp-365	45	3	create	create	VERB
gp-365	45	4	fierce	fierce	ADJ
gp-365	45	5	competition	competition	NOUN
gp-365	45	6	between	between	ADP
gp-365	45	7	companies	company	NOUN
gp-365	45	8	included	include	VERB
gp-365	45	9	in	in	ADP
gp-365	45	10	the	the	DET
gp-365	45	11	katadata	katadata	PROPN
gp-365	45	12	esg	esg	PROPN
gp-365	45	13	index	index	PROPN
gp-365	45	14	.	.	PUNCT
gp-365	46	1	this	this	DET
gp-365	46	2	competition	competition	NOUN
gp-365	46	3	motivates	motivate	VERB
gp-365	46	4	every	every	DET
gp-365	46	5	company	company	NOUN
gp-365	46	6	to	to	PART
gp-365	46	7	further	far	ADV
gp-365	46	8	increase	increase	VERB
gp-365	46	9	its	its	PRON
gp-365	46	10	value	value	NOUN
gp-365	46	11	.	.	PUNCT
gp-365	47	1	to	to	PART
gp-365	47	2	achieve	achieve	VERB
gp-365	47	3	this	this	DET
gp-365	47	4	goal	goal	NOUN
gp-365	47	5	,	,	PUNCT
gp-365	47	6	companies	company	NOUN
gp-365	47	7	need	need	VERB
gp-365	47	8	to	to	PART
gp-365	47	9	leverage	leverage	VERB
gp-365	47	10	advances	advance	NOUN
gp-365	47	11	in	in	ADP
gp-365	47	12	digital	digital	ADJ
gp-365	47	13	technology	technology	NOUN
gp-365	47	14	,	,	PUNCT
gp-365	47	15	especially	especially	ADV
gp-365	47	16	social	social	ADJ
gp-365	47	17	media	medium	NOUN
gp-365	47	18	,	,	PUNCT
gp-365	47	19	to	to	PART
gp-365	47	20	transform	transform	VERB
gp-365	47	21	how	how	SCONJ
gp-365	47	22	they	they	PRON
gp-365	47	23	communicate	communicate	VERB
gp-365	47	24	with	with	ADP
gp-365	47	25	customers	customer	NOUN
gp-365	47	26	and	and	CCONJ
gp-365	47	27	other	other	ADJ
gp-365	47	28	stakeholders	stakeholder	NOUN
gp-365	47	29	.	.	PUNCT
gp-365	48	1	especially	especially	ADV
gp-365	48	2	in	in	ADP
gp-365	48	3	today	today	NOUN
gp-365	48	4	’s	’s	PART
gp-365	48	5	digital	digital	ADJ
gp-365	48	6	era	era	NOUN
gp-365	48	7	,	,	PUNCT
gp-365	48	8	social	social	ADJ
gp-365	48	9	media	medium	NOUN
gp-365	48	10	has	have	AUX
gp-365	48	11	become	become	VERB
gp-365	48	12	the	the	DET
gp-365	48	13	dominant	dominant	ADJ
gp-365	48	14	communication	communication	NOUN
gp-365	48	15	tool	tool	NOUN
gp-365	48	16	for	for	ADP
gp-365	48	17	companies	company	NOUN
gp-365	48	18	in	in	ADP
gp-365	48	19	building	build	VERB
gp-365	48	20	relationships	relationship	NOUN
gp-365	48	21	with	with	ADP
gp-365	48	22	consumers	consumer	NOUN
gp-365	48	23	and	and	CCONJ
gp-365	48	24	other	other	ADJ
gp-365	48	25	stakeholders	stakeholder	NOUN
gp-365	48	26	.	.	PUNCT
gp-365	49	1	various	various	ADJ
gp-365	49	2	social	social	ADJ
gp-365	49	3	media	medium	NOUN
gp-365	49	4	platforms	platform	NOUN
gp-365	49	5	not	not	PART
gp-365	49	6	only	only	ADV
gp-365	49	7	function	function	NOUN
gp-365	49	8	as	as	ADP
gp-365	49	9	promotional	promotional	ADJ
gp-365	49	10	media	medium	NOUN
gp-365	49	11	but	but	CCONJ
gp-365	49	12	also	also	ADV
gp-365	49	13	serve	serve	VERB
gp-365	49	14	as	as	ADP
gp-365	49	15	strategic	strategic	ADJ
gp-365	49	16	channels	channel	NOUN
gp-365	49	17	to	to	PART
gp-365	49	18	shape	shape	VERB
gp-365	49	19	the	the	DET
gp-365	49	20	company	company	NOUN
gp-365	49	21	’s	’s	PART
gp-365	49	22	image	image	NOUN
gp-365	49	23	and	and	CCONJ
gp-365	49	24	reputation	reputation	NOUN
gp-365	49	25	widely	widely	ADV
gp-365	49	26	and	and	CCONJ
gp-365	49	27	in	in	ADP
gp-365	49	28	real	real	ADJ
gp-365	49	29	time	time	NOUN
gp-365	49	30	.	.	PUNCT
gp-365	50	1	this	this	PRON
gp-365	50	2	has	have	VERB
gp-365	50	3	implications	implication	NOUN
gp-365	50	4	for	for	ADP
gp-365	50	5	how	how	SCONJ
gp-365	50	6	firm	firm	ADJ
gp-365	50	7	value	value	NOUN
gp-365	50	8	is	be	AUX
gp-365	50	9	formed	form	VERB
gp-365	50	10	in	in	ADP
gp-365	50	11	the	the	DET
gp-365	50	12	market	market	NOUN
gp-365	50	13	.	.	PUNCT
gp-365	51	1	companies	company	NOUN
gp-365	51	2	listed	list	VERB
gp-365	51	3	in	in	ADP
gp-365	51	4	the	the	DET
gp-365	51	5	katadata	katadata	PROPN
gp-365	51	6	esg	esg	PROPN
gp-365	51	7	index	index	PROPN
gp-365	51	8	,	,	PUNCT
gp-365	51	9	which	which	PRON
gp-365	51	10	rely	rely	VERB
gp-365	51	11	heavily	heavily	ADV
gp-365	51	12	on	on	ADP
gp-365	51	13	public	public	ADJ
gp-365	51	14	trust	trust	NOUN
gp-365	51	15	and	and	CCONJ
gp-365	51	16	perception	perception	NOUN
gp-365	51	17	,	,	PUNCT
gp-365	51	18	find	find	VERB
gp-365	51	19	that	that	SCONJ
gp-365	51	20	social	social	ADJ
gp-365	51	21	media	medium	NOUN
gp-365	51	22	presence	presence	NOUN
gp-365	51	23	and	and	CCONJ
gp-365	51	24	activity	activity	NOUN
gp-365	51	25	can	can	AUX
gp-365	51	26	be	be	AUX
gp-365	51	27	a	a	DET
gp-365	51	28	primary	primary	ADJ
gp-365	51	29	determinant	determinant	NOUN
gp-365	51	30	in	in	ADP
gp-365	51	31	building	build	VERB
gp-365	51	32	relationships	relationship	NOUN
gp-365	51	33	with	with	ADP
gp-365	51	34	consumers	consumer	NOUN
gp-365	51	35	and	and	CCONJ
gp-365	51	36	investors	investor	NOUN
gp-365	51	37	.	.	PUNCT
gp-365	52	1	according	accord	VERB
gp-365	52	2	to	to	ADP
gp-365	52	3	kaplan	kaplan	PROPN
gp-365	52	4	and	and	CCONJ
gp-365	52	5	haenlein	haenlein	ADV
gp-365	52	6	(	(	PUNCT
gp-365	52	7	2010	2010	NUM
gp-365	52	8	)	)	PUNCT
gp-365	52	9	,	,	PUNCT
gp-365	52	10	social	social	ADJ
gp-365	52	11	media	medium	NOUN
gp-365	52	12	allows	allow	VERB
gp-365	52	13	companies	company	NOUN
gp-365	52	14	to	to	PART
gp-365	52	15	engage	engage	VERB
gp-365	52	16	directly	directly	ADV
gp-365	52	17	with	with	ADP
gp-365	52	18	the	the	DET
gp-365	52	19	public	public	NOUN
gp-365	52	20	,	,	PUNCT
gp-365	52	21	build	build	VERB
gp-365	52	22	positive	positive	ADJ
gp-365	52	23	perceptions	perception	NOUN
gp-365	52	24	,	,	PUNCT
gp-365	52	25	and	and	CCONJ
gp-365	52	26	increase	increase	VERB
gp-365	52	27	customer	customer	NOUN
gp-365	52	28	loyalty	loyalty	NOUN
gp-365	52	29	.	.	PUNCT
gp-365	53	1	therefore	therefore	ADV
gp-365	53	2	,	,	PUNCT
gp-365	53	3	when	when	SCONJ
gp-365	53	4	social	social	ADJ
gp-365	53	5	media	medium	NOUN
gp-365	53	6	is	be	AUX
gp-365	53	7	used	use	VERB
gp-365	53	8	effectively	effectively	ADV
gp-365	53	9	,	,	PUNCT
gp-365	53	10	the	the	DET
gp-365	53	11	company	company	NOUN
gp-365	53	12	’s	’s	PART
gp-365	53	13	reputation	reputation	NOUN
gp-365	53	14	can	can	AUX
gp-365	53	15	be	be	AUX
gp-365	53	16	enhanced	enhance	VERB
gp-365	53	17	,	,	PUNCT
gp-365	53	18	positively	positively	ADV
gp-365	53	19	affecting	affect	VERB
gp-365	53	20	the	the	DET
gp-365	53	21	company	company	NOUN
gp-365	53	22	's	's	PART
gp-365	53	23	value	value	NOUN
gp-365	53	24	.	.	PUNCT
gp-365	54	1	according	accord	VERB
gp-365	54	2	to	to	ADP
gp-365	54	3	distaso	distaso	PROPN
gp-365	54	4	et	et	PROPN
gp-365	54	5	al	al	PROPN
gp-365	54	6	.	.	PUNCT
gp-365	55	1	(	(	PUNCT
gp-365	55	2	2011	2011	NUM
gp-365	55	3	)	)	PUNCT
gp-365	55	4	,	,	PUNCT
gp-365	55	5	companies	company	NOUN
gp-365	55	6	active	active	ADJ
gp-365	55	7	in	in	ADP
gp-365	55	8	social	social	ADJ
gp-365	55	9	media	medium	NOUN
gp-365	55	10	have	have	VERB
gp-365	55	11	a	a	DET
gp-365	55	12	greater	great	ADJ
gp-365	55	13	chance	chance	NOUN
gp-365	55	14	of	of	ADP
gp-365	55	15	building	build	VERB
gp-365	55	16	positive	positive	ADJ
gp-365	55	17	public	public	ADJ
gp-365	55	18	perception	perception	NOUN
gp-365	55	19	,	,	PUNCT
gp-365	55	20	especially	especially	ADV
gp-365	55	21	if	if	SCONJ
gp-365	55	22	communication	communication	NOUN
gp-365	55	23	is	be	AUX
gp-365	55	24	transparent	transparent	ADJ
gp-365	55	25	and	and	CCONJ
gp-365	55	26	consistent	consistent	ADJ
gp-365	55	27	.	.	PUNCT
gp-365	56	1	meanwhile	meanwhile	ADV
gp-365	56	2	,	,	PUNCT
gp-365	56	3	saxton	saxton	NOUN
gp-365	56	4	and	and	CCONJ
gp-365	56	5	waters	water	NOUN
gp-365	56	6	(	(	PUNCT
gp-365	56	7	2014	2014	NUM
gp-365	56	8	)	)	PUNCT
gp-365	56	9	found	find	VERB
gp-365	56	10	that	that	SCONJ
gp-365	56	11	the	the	DET
gp-365	56	12	use	use	NOUN
gp-365	56	13	of	of	ADP
gp-365	56	14	social	social	ADJ
gp-365	56	15	media	medium	NOUN
gp-365	56	16	by	by	ADP
gp-365	56	17	nonprofit	nonprofit	ADJ
gp-365	56	18	organizations	organization	NOUN
gp-365	56	19	to	to	PART
gp-365	56	20	convey	convey	VERB
gp-365	56	21	social	social	ADJ
gp-365	56	22	and	and	CCONJ
gp-365	56	23	sustainability	sustainability	NOUN
gp-365	56	24	messages	message	NOUN
gp-365	56	25	can	can	AUX
gp-365	56	26	increase	increase	VERB
gp-365	56	27	public	public	ADJ
gp-365	56	28	engagement	engagement	NOUN
gp-365	56	29	and	and	CCONJ
gp-365	56	30	create	create	VERB
gp-365	56	31	a	a	DET
gp-365	56	32	strong	strong	ADJ
gp-365	56	33	reputation	reputation	NOUN
gp-365	56	34	.	.	PUNCT
gp-365	57	1	this	this	DET
gp-365	57	2	finding	finding	NOUN
gp-365	57	3	aligns	align	VERB
gp-365	57	4	with	with	ADP
gp-365	57	5	the	the	DET
gp-365	57	6	view	view	NOUN
gp-365	57	7	of	of	ADP
gp-365	57	8	fombrun	fombrun	NOUN
gp-365	57	9	(	(	PUNCT
gp-365	57	10	1996	1996	NUM
gp-365	57	11	)	)	PUNCT
gp-365	57	12	that	that	SCONJ
gp-365	57	13	reputation	reputation	NOUN
gp-365	57	14	results	result	VERB
gp-365	57	15	from	from	ADP
gp-365	57	16	public	public	ADJ
gp-365	57	17	perception	perception	NOUN
gp-365	57	18	of	of	ADP
gp-365	57	19	the	the	DET
gp-365	57	20	company	company	NOUN
gp-365	57	21	’s	’s	PART
gp-365	57	22	real	real	ADJ
gp-365	57	23	actions	action	NOUN
gp-365	57	24	and	and	CCONJ
gp-365	57	25	the	the	DET
gp-365	57	26	consistently	consistently	ADV
gp-365	57	27	conveyed	conveyed	ADJ
gp-365	57	28	narrative	narrative	NOUN
gp-365	57	29	.	.	PUNCT
gp-365	58	1	different	different	ADJ
gp-365	58	2	results	result	NOUN
gp-365	58	3	are	be	AUX
gp-365	58	4	shown	show	VERB
gp-365	58	5	by	by	ADP
gp-365	58	6	other	other	ADJ
gp-365	58	7	studies	study	NOUN
gp-365	58	8	,	,	PUNCT
gp-365	58	9	such	such	ADJ
gp-365	58	10	as	as	ADP
gp-365	58	11	research	research	NOUN
gp-365	58	12	by	by	ADP
gp-365	58	13	fernández	fernández	PROPN
gp-365	58	14	-	-	PUNCT
gp-365	58	15	miguélez	miguélez	PROPN
gp-365	58	16	et	et	PROPN
gp-365	58	17	al	al	PROPN
gp-365	58	18	.	.	PROPN
gp-365	59	1	(	(	PUNCT
gp-365	59	2	2020	2020	NUM
gp-365	59	3	)	)	PUNCT
gp-365	59	4	,	,	PUNCT
gp-365	59	5	which	which	PRON
gp-365	59	6	indicates	indicate	VERB
gp-365	59	7	that	that	SCONJ
gp-365	59	8	social	social	ADJ
gp-365	59	9	media	medium	NOUN
gp-365	59	10	activities	activity	NOUN
gp-365	59	11	that	that	PRON
gp-365	59	12	are	be	AUX
gp-365	59	13	not	not	PART
gp-365	59	14	managed	manage	VERB
gp-365	59	15	effectively	effectively	ADV
gp-365	59	16	can	can	AUX
gp-365	59	17	pose	pose	VERB
gp-365	59	18	reputational	reputational	ADJ
gp-365	59	19	risks	risk	NOUN
gp-365	59	20	and	and	CCONJ
gp-365	59	21	increase	increase	VERB
gp-365	59	22	operational	operational	ADJ
gp-365	59	23	costs	cost	NOUN
gp-365	59	24	,	,	PUNCT
gp-365	59	25	negatively	negatively	ADV
gp-365	59	26	impacting	impact	VERB
gp-365	59	27	financial	financial	ADJ
gp-365	59	28	performance	performance	NOUN
gp-365	59	29	and	and	CCONJ
gp-365	59	30	company	company	NOUN
gp-365	59	31	value	value	NOUN
gp-365	59	32	,	,	PUNCT
gp-365	59	33	especially	especially	ADV
gp-365	59	34	in	in	ADP
gp-365	59	35	the	the	DET
gp-365	59	36	restaurant	restaurant	NOUN
gp-365	59	37	industry	industry	NOUN
gp-365	59	38	.	.	PUNCT
gp-365	60	1	the	the	DET
gp-365	60	2	research	research	NOUN
gp-365	60	3	shows	show	VERB
gp-365	60	4	that	that	SCONJ
gp-365	60	5	social	social	ADJ
gp-365	60	6	media	media	NOUN
gp-365	60	7	is	be	AUX
gp-365	60	8	two	two	NUM
gp-365	60	9	-	-	PUNCT
gp-365	60	10	sided	sided	ADJ
gp-365	60	11	:	:	PUNCT
gp-365	60	12	on	on	ADP
gp-365	60	13	one	one	NUM
gp-365	60	14	hand	hand	NOUN
gp-365	60	15	,	,	PUNCT
gp-365	60	16	it	it	PRON
gp-365	60	17	has	have	VERB
gp-365	60	18	the	the	DET
gp-365	60	19	potential	potential	NOUN
gp-365	60	20	to	to	PART
gp-365	60	21	increase	increase	VERB
gp-365	60	22	the	the	DET
gp-365	60	23	company	company	NOUN
gp-365	60	24	’s	’s	PART
gp-365	60	25	exposure	exposure	NOUN
gp-365	60	26	and	and	CCONJ
gp-365	60	27	reputation	reputation	NOUN
gp-365	60	28	,	,	PUNCT
gp-365	60	29	but	but	CCONJ
gp-365	60	30	on	on	ADP
gp-365	60	31	the	the	DET
gp-365	60	32	other	other	ADJ
gp-365	60	33	hand	hand	NOUN
gp-365	60	34	,	,	PUNCT
gp-365	60	35	it	it	PRON
gp-365	60	36	also	also	ADV
gp-365	60	37	risks	risk	VERB
gp-365	60	38	damaging	damage	VERB
gp-365	60	39	the	the	DET
gp-365	60	40	company	company	NOUN
gp-365	60	41	’s	’s	PART
gp-365	60	42	reputation	reputation	NOUN
gp-365	60	43	,	,	PUNCT
gp-365	60	44	which	which	PRON
gp-365	60	45	can	can	AUX
gp-365	60	46	reduce	reduce	VERB
gp-365	60	47	the	the	DET
gp-365	60	48	company	company	NOUN
gp-365	60	49	’s	’s	PART
gp-365	60	50	value	value	NOUN
gp-365	60	51	.	.	PUNCT
gp-365	61	1	this	this	PRON
gp-365	61	2	represents	represent	VERB
gp-365	61	3	an	an	DET
gp-365	61	4	empirical	empirical	ADJ
gp-365	61	5	gap	gap	NOUN
gp-365	61	6	that	that	PRON
gp-365	61	7	is	be	AUX
gp-365	61	8	important	important	ADJ
gp-365	61	9	to	to	PART
gp-365	61	10	study	study	VERB
gp-365	61	11	further	far	ADV
gp-365	61	12	,	,	PUNCT
gp-365	61	13	considering	consider	VERB
gp-365	61	14	the	the	DET
gp-365	61	15	diversity	diversity	NOUN
gp-365	61	16	of	of	ADP
gp-365	61	17	previous	previous	ADJ
gp-365	61	18	research	research	NOUN
gp-365	61	19	results	result	NOUN
gp-365	61	20	.	.	PUNCT
gp-365	62	1	the	the	DET
gp-365	62	2	purpose	purpose	NOUN
gp-365	62	3	of	of	ADP
gp-365	62	4	this	this	DET
gp-365	62	5	study	study	NOUN
gp-365	62	6	is	be	AUX
gp-365	62	7	to	to	PART
gp-365	62	8	analyze	analyze	VERB
gp-365	62	9	the	the	DET
gp-365	62	10	influence	influence	NOUN
gp-365	62	11	of	of	ADP
gp-365	62	12	social	social	ADJ
gp-365	62	13	media	medium	NOUN
gp-365	62	14	activities	activity	NOUN
gp-365	62	15	on	on	ADP
gp-365	62	16	’	'	PUNCT
gp-365	62	17	irm	irm	PROPN
gp-365	62	18	value	value	NOUN
gp-365	62	19	,	,	PUNCT
gp-365	62	20	with	with	ADP
gp-365	62	21	corporate	corporate	ADJ
gp-365	62	22	reputation	reputation	NOUN
gp-365	62	23	serving	serve	VERB
gp-365	62	24	as	as	ADP
gp-365	62	25	a	a	DET
gp-365	62	26	mediating	mediate	VERB
gp-365	62	27	variable	variable	NOUN
gp-365	62	28	—	—	PUNCT
gp-365	62	29	focusing	focus	VERB
gp-365	62	30	on	on	ADP
gp-365	62	31	companies	company	NOUN
gp-365	62	32	listed	list	VERB
gp-365	62	33	in	in	ADP
gp-365	62	34	the	the	DET
gp-365	62	35	katadata	katadata	PROPN
gp-365	62	36	esg	esg	PROPN
gp-365	62	37	index	index	NOUN
gp-365	62	38	and	and	CCONJ
gp-365	62	39	the	the	DET
gp-365	62	40	indonesia	indonesia	PROPN
gp-365	62	41	stock	stock	PROPN
gp-365	62	42	exchange	exchange	PROPN
gp-365	62	43	(	(	PUNCT
gp-365	62	44	idx	idx	PROPN
gp-365	62	45	)	)	PUNCT
gp-365	62	46	.	.	PUNCT
gp-365	63	1	this	this	DET
gp-365	63	2	research	research	NOUN
gp-365	63	3	seeks	seek	VERB
gp-365	63	4	to	to	PART
gp-365	63	5	address	address	VERB
gp-365	63	6	the	the	DET
gp-365	63	7	empirical	empirical	ADJ
gp-365	63	8	gap	gap	NOUN
gp-365	63	9	arising	arise	VERB
gp-365	63	10	from	from	ADP
gp-365	63	11	contradictory	contradictory	ADJ
gp-365	63	12	findings	finding	NOUN
gp-365	63	13	in	in	ADP
gp-365	63	14	previous	previous	ADJ
gp-365	63	15	studies	study	NOUN
gp-365	63	16	:	:	PUNCT
gp-365	63	17	while	while	SCONJ
gp-365	63	18	some	some	PRON
gp-365	63	19	demonstrate	demonstrate	VERB
gp-365	63	20	that	that	SCONJ
gp-365	63	21	social	social	ADJ
gp-365	63	22	media	medium	NOUN
gp-365	63	23	engagement	engagement	NOUN
gp-365	63	24	enhances	enhance	VERB
gp-365	63	25	firm	firm	ADJ
gp-365	63	26	reputation	reputation	NOUN
gp-365	63	27	and	and	CCONJ
gp-365	63	28	market	market	NOUN
gp-365	63	29	valuation	valuation	NOUN
gp-365	63	30	,	,	PUNCT
gp-365	63	31	others	other	NOUN
gp-365	63	32	reveal	reveal	VERB
gp-365	63	33	that	that	PRON
gp-365	63	34	mismanaged	mismanage	VERB
gp-365	63	35	social	social	ADJ
gp-365	63	36	media	medium	NOUN
gp-365	63	37	can	can	AUX
gp-365	63	38	increase	increase	VERB
gp-365	63	39	reputational	reputational	ADJ
gp-365	63	40	risks	risk	NOUN
gp-365	63	41	and	and	CCONJ
gp-365	63	42	operational	operational	ADJ
gp-365	63	43	inefficiencies	inefficiency	NOUN
gp-365	63	44	.	.	PUNCT
gp-365	64	1	by	by	ADP
gp-365	64	2	examining	examine	VERB
gp-365	64	3	firms	firm	NOUN
gp-365	64	4	publicly	publicly	ADV
gp-365	64	5	recognized	recognize	VERB
gp-365	64	6	for	for	ADP
gp-365	64	7	their	their	PRON
gp-365	64	8	environmental	environmental	ADJ
gp-365	64	9	,	,	PUNCT
gp-365	64	10	social	social	ADJ
gp-365	64	11	,	,	PUNCT
gp-365	64	12	and	and	CCONJ
gp-365	64	13	governance	governance	NOUN
gp-365	64	14	(	(	PUNCT
gp-365	64	15	esg	esg	NOUN
gp-365	64	16	)	)	PUNCT
gp-365	64	17	performance	performance	NOUN
gp-365	64	18	,	,	PUNCT
gp-365	64	19	this	this	DET
gp-365	64	20	study	study	NOUN
gp-365	64	21	aims	aim	VERB
gp-365	64	22	to	to	PART
gp-365	64	23	provide	provide	VERB
gp-365	64	24	a	a	DET
gp-365	64	25	more	more	ADV
gp-365	64	26	comprehensive	comprehensive	ADJ
gp-365	64	27	understanding	understanding	NOUN
gp-365	64	28	of	of	ADP
gp-365	64	29	how	how	SCONJ
gp-365	64	30	digital	digital	ADJ
gp-365	64	31	communication	communication	NOUN
gp-365	64	32	strategies	strategy	NOUN
gp-365	64	33	align	align	VERB
gp-365	64	34	with	with	ADP
gp-365	64	35	corporate	corporate	ADJ
gp-365	64	36	reputation	reputation	NOUN
gp-365	64	37	and	and	CCONJ
gp-365	64	38	value	value	NOUN
gp-365	64	39	creation	creation	NOUN
gp-365	64	40	in	in	ADP
gp-365	64	41	the	the	DET
gp-365	64	42	indonesian	indonesian	ADJ
gp-365	64	43	context	context	NOUN
gp-365	64	44	.	.	PUNCT
gp-365	65	1	the	the	DET
gp-365	65	2	practical	practical	ADJ
gp-365	65	3	significance	significance	NOUN
gp-365	65	4	of	of	ADP
gp-365	65	5	this	this	DET
gp-365	65	6	research	research	NOUN
gp-365	65	7	lies	lie	VERB
gp-365	65	8	in	in	ADP
gp-365	65	9	its	its	PRON
gp-365	65	10	potential	potential	NOUN
gp-365	65	11	to	to	PART
gp-365	65	12	guide	guide	VERB
gp-365	65	13	companies	company	NOUN
gp-365	65	14	in	in	ADP
gp-365	65	15	optimizing	optimize	VERB
gp-365	65	16	their	their	PRON
gp-365	65	17	social	social	ADJ
gp-365	65	18	media	medium	NOUN
gp-365	65	19	strategies	strategy	NOUN
gp-365	65	20	to	to	PART
gp-365	65	21	strengthen	strengthen	VERB
gp-365	65	22	brand	brand	NOUN
gp-365	65	23	reputation	reputation	NOUN
gp-365	65	24	and	and	CCONJ
gp-365	65	25	enhance	enhance	VERB
gp-365	65	26	investor	investor	NOUN
gp-365	65	27	confidence	confidence	NOUN
gp-365	65	28	.	.	PUNCT
gp-365	66	1	for	for	ADP
gp-365	66	2	practitioners	practitioner	NOUN
gp-365	66	3	and	and	CCONJ
gp-365	66	4	corporate	corporate	ADJ
gp-365	66	5	communication	communication	NOUN
gp-365	66	6	managers	manager	NOUN
gp-365	66	7	,	,	PUNCT
gp-365	66	8	the	the	DET
gp-365	66	9	findings	finding	NOUN
gp-365	66	10	will	will	AUX
gp-365	66	11	offer	offer	VERB
gp-365	66	12	social	social	ADJ
gp-365	66	13	media	medium	NOUN
gp-365	66	14	influence	influence	NOUN
gp-365	66	15	on	on	ADP
gp-365	66	16	firm	firm	ADJ
gp-365	66	17	value	value	NOUN
gp-365	66	18	with	with	ADP
gp-365	66	19	corporate	corporate	ADJ
gp-365	66	20	reputation	reputation	NOUN
gp-365	66	21	as	as	ADP
gp-365	66	22	intervening	intervene	VERB
gp-365	66	23	variable	variable	NOUN
gp-365	66	24	:	:	PUNCT
gp-365	66	25	katadata	katadata	PROPN
gp-365	66	26	esg	esg	PROPN
gp-365	66	27	index	index	NOUN
gp-365	66	28	companies	company	NOUN
gp-365	66	29	on	on	ADP
gp-365	66	30	idx	idx	PROPN
gp-365	66	31	2024	2024	NUM
gp-365	66	32	1904	1904	NUM
gp-365	66	33	evidence	evidence	NOUN
gp-365	66	34	-	-	PUNCT
gp-365	66	35	based	base	VERB
gp-365	66	36	recommendations	recommendation	NOUN
gp-365	66	37	for	for	ADP
gp-365	66	38	leveraging	leverage	VERB
gp-365	66	39	social	social	ADJ
gp-365	66	40	media	medium	NOUN
gp-365	66	41	as	as	ADP
gp-365	66	42	a	a	DET
gp-365	66	43	reputational	reputational	ADJ
gp-365	66	44	asset	asset	NOUN
gp-365	66	45	rather	rather	ADV
gp-365	66	46	than	than	ADP
gp-365	66	47	a	a	DET
gp-365	66	48	liability	liability	NOUN
gp-365	66	49	.	.	PUNCT
gp-365	67	1	theoretically	theoretically	ADV
gp-365	67	2	,	,	PUNCT
gp-365	67	3	this	this	DET
gp-365	67	4	study	study	NOUN
gp-365	67	5	contributes	contribute	VERB
gp-365	67	6	to	to	ADP
gp-365	67	7	enriching	enrich	VERB
gp-365	67	8	the	the	DET
gp-365	67	9	literature	literature	NOUN
gp-365	67	10	on	on	ADP
gp-365	67	11	strategic	strategic	ADJ
gp-365	67	12	communication	communication	NOUN
gp-365	67	13	,	,	PUNCT
gp-365	67	14	corporate	corporate	ADJ
gp-365	67	15	reputation	reputation	NOUN
gp-365	67	16	,	,	PUNCT
gp-365	67	17	and	and	CCONJ
gp-365	67	18	esg	esg	PROPN
gp-365	67	19	-	-	PUNCT
gp-365	67	20	driven	drive	VERB
gp-365	67	21	firm	firm	ADJ
gp-365	67	22	value	value	NOUN
gp-365	67	23	,	,	PUNCT
gp-365	67	24	providing	provide	VERB
gp-365	67	25	an	an	DET
gp-365	67	26	integrative	integrative	ADJ
gp-365	67	27	model	model	NOUN
gp-365	67	28	that	that	PRON
gp-365	67	29	connects	connect	VERB
gp-365	67	30	digital	digital	ADJ
gp-365	67	31	engagement	engagement	NOUN
gp-365	67	32	with	with	ADP
gp-365	67	33	financial	financial	ADJ
gp-365	67	34	and	and	CCONJ
gp-365	67	35	reputational	reputational	ADJ
gp-365	67	36	outcomes	outcome	NOUN
gp-365	67	37	.	.	PUNCT
gp-365	68	1	research	research	NOUN
gp-365	68	2	method	method	NOUN
gp-365	68	3	this	this	DET
gp-365	68	4	study	study	NOUN
gp-365	68	5	uses	use	VERB
gp-365	68	6	an	an	DET
gp-365	68	7	associative	associative	ADJ
gp-365	68	8	quantitative	quantitative	ADJ
gp-365	68	9	approach	approach	NOUN
gp-365	68	10	.	.	PUNCT
gp-365	69	1	this	this	DET
gp-365	69	2	approach	approach	NOUN
gp-365	69	3	was	be	AUX
gp-365	69	4	chosen	choose	VERB
gp-365	69	5	because	because	SCONJ
gp-365	69	6	it	it	PRON
gp-365	69	7	aims	aim	VERB
gp-365	69	8	to	to	PART
gp-365	69	9	test	test	VERB
gp-365	69	10	the	the	DET
gp-365	69	11	causal	causal	ADJ
gp-365	69	12	relationship	relationship	NOUN
gp-365	69	13	between	between	ADP
gp-365	69	14	variables	variable	NOUN
gp-365	69	15	,	,	PUNCT
gp-365	69	16	namely	namely	ADV
gp-365	69	17	the	the	DET
gp-365	69	18	influence	influence	NOUN
gp-365	69	19	of	of	ADP
gp-365	69	20	social	social	ADJ
gp-365	69	21	media	medium	NOUN
gp-365	69	22	(	(	PUNCT
gp-365	69	23	x	x	X
gp-365	69	24	)	)	PUNCT
gp-365	69	25	on	on	ADP
gp-365	69	26	the	the	DET
gp-365	69	27	company	company	NOUN
gp-365	69	28	’s	’s	PART
gp-365	69	29	value	value	NOUN
gp-365	69	30	(	(	PUNCT
gp-365	69	31	y	y	NOUN
gp-365	69	32	)	)	PUNCT
gp-365	69	33	,	,	PUNCT
gp-365	69	34	either	either	CCONJ
gp-365	69	35	directly	directly	ADV
gp-365	69	36	or	or	CCONJ
gp-365	69	37	indirectly	indirectly	ADV
gp-365	69	38	through	through	ADP
gp-365	69	39	the	the	DET
gp-365	69	40	company	company	NOUN
gp-365	69	41	’s	’s	PART
gp-365	69	42	reputation	reputation	NOUN
gp-365	69	43	(	(	PUNCT
gp-365	69	44	z	z	NOUN
gp-365	69	45	)	)	PUNCT
gp-365	69	46	as	as	ADP
gp-365	69	47	an	an	DET
gp-365	69	48	intervening	intervene	VERB
gp-365	69	49	variable	variable	NOUN
gp-365	69	50	.	.	PUNCT
gp-365	70	1	the	the	DET
gp-365	70	2	population	population	NOUN
gp-365	70	3	in	in	ADP
gp-365	70	4	this	this	DET
gp-365	70	5	study	study	NOUN
gp-365	70	6	is	be	AUX
gp-365	70	7	all	all	DET
gp-365	70	8	companies	company	NOUN
gp-365	70	9	included	include	VERB
gp-365	70	10	in	in	ADP
gp-365	70	11	the	the	DET
gp-365	70	12	katadata	katadata	PROPN
gp-365	70	13	esg	esg	PROPN
gp-365	70	14	index	index	NOUN
gp-365	70	15	listed	list	VERB
gp-365	70	16	on	on	ADP
gp-365	70	17	the	the	DET
gp-365	70	18	indonesia	indonesia	PROPN
gp-365	70	19	stock	stock	PROPN
gp-365	70	20	exchange	exchange	PROPN
gp-365	70	21	(	(	PUNCT
gp-365	70	22	idx	idx	PROPN
gp-365	70	23	)	)	PUNCT
gp-365	70	24	during	during	ADP
gp-365	70	25	2024	2024	NUM
gp-365	70	26	as	as	ADV
gp-365	70	27	many	many	ADJ
gp-365	70	28	as	as	ADP
gp-365	70	29	260	260	NUM
gp-365	70	30	issuers	issuer	NOUN
gp-365	70	31	.	.	PUNCT
gp-365	71	1	the	the	DET
gp-365	71	2	selection	selection	NOUN
gp-365	71	3	of	of	ADP
gp-365	71	4	this	this	DET
gp-365	71	5	company	company	NOUN
gp-365	71	6	is	be	AUX
gp-365	71	7	based	base	VERB
gp-365	71	8	on	on	ADP
gp-365	71	9	the	the	DET
gp-365	71	10	characteristics	characteristic	NOUN
gp-365	71	11	of	of	ADP
gp-365	71	12	an	an	DET
gp-365	71	13	industry	industry	NOUN
gp-365	71	14	that	that	PRON
gp-365	71	15	relies	rely	VERB
gp-365	71	16	heavily	heavily	ADV
gp-365	71	17	on	on	ADP
gp-365	71	18	public	public	ADJ
gp-365	71	19	image	image	NOUN
gp-365	71	20	and	and	CCONJ
gp-365	71	21	interaction	interaction	NOUN
gp-365	71	22	with	with	ADP
gp-365	71	23	customers	customer	NOUN
gp-365	71	24	.	.	PUNCT
gp-365	72	1	so	so	ADV
gp-365	72	2	that	that	SCONJ
gp-365	72	3	the	the	DET
gp-365	72	4	company	company	NOUN
gp-365	72	5	can	can	AUX
gp-365	72	6	be	be	AUX
gp-365	72	7	divided	divide	VERB
gp-365	72	8	into	into	ADP
gp-365	72	9	two	two	NUM
gp-365	72	10	,	,	PUNCT
gp-365	72	11	namely	namely	ADV
gp-365	72	12	b2b	b2b	NOUN
gp-365	72	13	and	and	CCONJ
gp-365	72	14	b2c	b2c	NOUN
gp-365	72	15	.	.	PUNCT
gp-365	73	1	therefore	therefore	ADV
gp-365	73	2	,	,	PUNCT
gp-365	73	3	the	the	DET
gp-365	73	4	sample	sample	NOUN
gp-365	73	5	used	use	VERB
gp-365	73	6	in	in	ADP
gp-365	73	7	this	this	DET
gp-365	73	8	study	study	NOUN
gp-365	73	9	was	be	AUX
gp-365	73	10	151	151	NUM
gp-365	73	11	issuers	issuer	NOUN
gp-365	73	12	consisting	consist	VERB
gp-365	73	13	of	of	ADP
gp-365	73	14	107	107	NUM
gp-365	73	15	b2b	b2b	NOUN
gp-365	73	16	(	(	PUNCT
gp-365	73	17	business	business	NOUN
gp-365	73	18	to	to	ADP
gp-365	73	19	business	business	NOUN
gp-365	73	20	)	)	PUNCT
gp-365	73	21	and	and	CCONJ
gp-365	73	22	44	44	NUM
gp-365	73	23	b2c	b2c	NOUN
gp-365	73	24	(	(	PUNCT
gp-365	73	25	business	business	NOUN
gp-365	73	26	to	to	ADP
gp-365	73	27	consumer	consumer	NOUN
gp-365	73	28	)	)	PUNCT
gp-365	73	29	companies	company	NOUN
gp-365	73	30	with	with	ADP
gp-365	73	31	sampling	sample	VERB
gp-365	73	32	techniques	technique	NOUN
gp-365	73	33	using	use	VERB
gp-365	73	34	the	the	DET
gp-365	73	35	purposive	purposive	ADJ
gp-365	73	36	sampling	sampling	NOUN
gp-365	73	37	method	method	NOUN
gp-365	73	38	.	.	PUNCT
gp-365	74	1	data	datum	NOUN
gp-365	74	2	analysis	analysis	NOUN
gp-365	74	3	was	be	AUX
gp-365	74	4	carried	carry	VERB
gp-365	74	5	out	out	ADP
gp-365	74	6	using	use	VERB
gp-365	74	7	the	the	DET
gp-365	74	8	sem	sem	NOUN
gp-365	74	9	application	application	NOUN
gp-365	74	10	–	–	PUNCT
gp-365	74	11	amos	amos	PROPN
gp-365	74	12	can	can	AUX
gp-365	74	13	analyze	analyze	VERB
gp-365	74	14	simultaneously	simultaneously	ADV
gp-365	74	15	in	in	ADP
gp-365	74	16	testing	test	VERB
gp-365	74	17	the	the	DET
gp-365	74	18	clausal	clausal	NOUN
gp-365	74	19	relationship	relationship	NOUN
gp-365	74	20	between	between	ADP
gp-365	74	21	latent	latent	NOUN
gp-365	74	22	variables	variable	NOUN
gp-365	74	23	and	and	CCONJ
gp-365	74	24	manifest	manifest	ADJ
gp-365	74	25	variables	variable	NOUN
gp-365	74	26	,	,	PUNCT
gp-365	74	27	and	and	CCONJ
gp-365	74	28	can	can	AUX
gp-365	74	29	test	test	VERB
gp-365	74	30	in	in	ADP
gp-365	74	31	a	a	DET
gp-365	74	32	complex	complex	ADJ
gp-365	74	33	way	way	NOUN
gp-365	74	34	direct	direct	ADJ
gp-365	74	35	and	and	CCONJ
gp-365	74	36	indirect	indirect	ADJ
gp-365	74	37	effects	effect	NOUN
gp-365	74	38	such	such	ADJ
gp-365	74	39	as	as	ADP
gp-365	74	40	the	the	DET
gp-365	74	41	influence	influence	NOUN
gp-365	74	42	of	of	ADP
gp-365	74	43	reputation	reputation	NOUN
gp-365	74	44	as	as	ADP
gp-365	74	45	an	an	DET
gp-365	74	46	intervening	intervene	VERB
gp-365	74	47	variable	variable	NOUN
gp-365	74	48	in	in	ADP
gp-365	74	49	this	this	DET
gp-365	74	50	study	study	NOUN
gp-365	74	51	.	.	PUNCT
gp-365	75	1	this	this	DET
gp-365	75	2	technique	technique	NOUN
gp-365	75	3	is	be	AUX
gp-365	75	4	also	also	ADV
gp-365	75	5	able	able	ADJ
gp-365	75	6	to	to	PART
gp-365	75	7	thoroughly	thoroughly	ADV
gp-365	75	8	analyze	analyze	VERB
gp-365	75	9	both	both	PRON
gp-365	75	10	measurement	measurement	NOUN
gp-365	75	11	model	model	NOUN
gp-365	75	12	testing	testing	NOUN
gp-365	75	13	and	and	CCONJ
gp-365	75	14	structural	structural	ADJ
gp-365	75	15	model	model	NOUN
gp-365	75	16	testing	testing	NOUN
gp-365	75	17	.	.	PUNCT
gp-365	76	1	in	in	ADP
gp-365	76	2	testing	testing	NOUN
gp-365	76	3	using	use	VERB
gp-365	76	4	sem	sem	PROPN
gp-365	76	5	–	–	PUNCT
gp-365	76	6	amos	amos	PROPN
gp-365	76	7	is	be	AUX
gp-365	76	8	very	very	ADV
gp-365	76	9	suitable	suitable	ADJ
gp-365	76	10	for	for	ADP
gp-365	76	11	analyzing	analyze	VERB
gp-365	76	12	research	research	NOUN
gp-365	76	13	data	datum	NOUN
gp-365	76	14	consisting	consist	VERB
gp-365	76	15	of	of	ADP
gp-365	76	16	:	:	PUNCT
gp-365	76	17	descriptive	descriptive	ADJ
gp-365	76	18	statistical	statistical	ADJ
gp-365	76	19	test	test	NOUN
gp-365	76	20	,	,	PUNCT
gp-365	76	21	normality	normality	NOUN
gp-365	76	22	test	test	NOUN
gp-365	76	23	,	,	PUNCT
gp-365	76	24	path	path	NOUN
gp-365	76	25	coeficient	coeficient	PROPN
gp-365	76	26	,	,	PUNCT
gp-365	76	27	sobel	sobel	PROPN
gp-365	76	28	test	test	NOUN
gp-365	76	29	.	.	PUNCT
gp-365	77	1	result	result	NOUN
gp-365	77	2	and	and	CCONJ
gp-365	77	3	discussion	discussion	NOUN
gp-365	77	4	descriptive	descriptive	ADJ
gp-365	77	5	statistics	statistic	NOUN
gp-365	77	6	table	table	NOUN
gp-365	77	7	1	1	NUM
gp-365	77	8	.	.	PUNCT
gp-365	77	9	descriptive	descriptive	ADJ
gp-365	77	10	statistics	statistic	NOUN
gp-365	77	11	of	of	ADP
gp-365	77	12	b2b	b2b	NOUN
gp-365	77	13	companies	company	NOUN
gp-365	77	14	variable	variable	ADJ
gp-365	77	15	min	min	PROPN
gp-365	77	16	max	max	PROPN
gp-365	77	17	skew	skew	PROPN
gp-365	77	18	q.c	q.c	PROPN
gp-365	77	19	.	.	PROPN
gp-365	77	20	kurtosis	kurtosis	PROPN
gp-365	77	21	q.c	q.c	PROPN
gp-365	77	22	.	.	PROPN
gp-365	77	23	x	x	X
gp-365	77	24	(	(	PUNCT
gp-365	77	25	ms	ms	NOUN
gp-365	77	26	)	)	PUNCT
gp-365	77	27	1,000	1,000	NUM
gp-365	77	28	4,000	4,000	NUM
gp-365	77	29	,	,	PUNCT
gp-365	77	30	645	645	NUM
gp-365	77	31	2,711	2,711	NUM
gp-365	77	32	-1,050	-1,050	NUM
gp-365	77	33	2,206	2,206	NUM
gp-365	77	34	z	z	NOUN
gp-365	77	35	(	(	PUNCT
gp-365	77	36	rep	rep	NOUN
gp-365	77	37	)	)	PUNCT
gp-365	77	38	1,000	1,000	NUM
gp-365	77	39	4,000	4,000	NUM
gp-365	77	40	-,547	-,547	ADJ
gp-365	77	41	-2,299	-2,299	ADJ
gp-365	77	42	-,474	-,474	ADJ
gp-365	77	43	-,996	-,996	PROPN
gp-365	77	44	y	y	PROPN
gp-365	77	45	(	(	PUNCT
gp-365	77	46	pbv	pbv	VERB
gp-365	77	47	)	)	PUNCT
gp-365	77	48	-1,330	-1,330	PROPN
gp-365	77	49	6,200	6,200	NUM
gp-365	77	50	1,410	1,410	NUM
gp-365	77	51	5,927	5,927	NUM
gp-365	77	52	1,291	1,291	NUM
gp-365	77	53	2,713	2,713	NUM
gp-365	77	54	source	source	NOUN
gp-365	77	55	:	:	PUNCT
gp-365	77	56	data	datum	NOUN
gp-365	77	57	processed	process	VERB
gp-365	77	58	by	by	ADP
gp-365	77	59	researchers	researcher	NOUN
gp-365	77	60	(	(	PUNCT
gp-365	77	61	2025	2025	NUM
gp-365	77	62	)	)	PUNCT
gp-365	77	63	1	1	NUM
gp-365	77	64	)	)	PUNCT
gp-365	77	65	social	social	ADJ
gp-365	77	66	media	medium	NOUN
gp-365	77	67	variables	variable	NOUN
gp-365	77	68	(	(	PUNCT
gp-365	77	69	x	x	NOUN
gp-365	77	70	/	/	SYM
gp-365	77	71	ms	ms	NOUN
gp-365	77	72	)	)	PUNCT
gp-365	77	73	a	a	DET
gp-365	77	74	minimum	minimum	NOUN
gp-365	77	75	value	value	NOUN
gp-365	77	76	of	of	ADP
gp-365	77	77	1,000	1,000	NUM
gp-365	77	78	and	and	CCONJ
gp-365	77	79	a	a	DET
gp-365	77	80	maximum	maximum	NOUN
gp-365	77	81	of	of	ADP
gp-365	77	82	4,000	4,000	NUM
gp-365	77	83	indicate	indicate	VERB
gp-365	77	84	that	that	SCONJ
gp-365	77	85	the	the	DET
gp-365	77	86	level	level	NOUN
gp-365	77	87	of	of	ADP
gp-365	77	88	social	social	ADJ
gp-365	77	89	media	medium	NOUN
gp-365	77	90	utilization	utilization	NOUN
gp-365	77	91	by	by	ADP
gp-365	77	92	b2b	b2b	NOUN
gp-365	77	93	companies	company	NOUN
gp-365	77	94	varies	vary	VERB
gp-365	77	95	,	,	PUNCT
gp-365	77	96	but	but	CCONJ
gp-365	77	97	is	be	AUX
gp-365	77	98	still	still	ADV
gp-365	77	99	within	within	ADP
gp-365	77	100	a	a	DET
gp-365	77	101	fairly	fairly	ADV
gp-365	77	102	narrow	narrow	ADJ
gp-365	77	103	range	range	NOUN
gp-365	77	104	.	.	PUNCT
gp-365	78	1	a	a	DET
gp-365	78	2	skewness	skewness	NOUN
gp-365	78	3	value	value	NOUN
gp-365	78	4	of	of	ADP
gp-365	78	5	0.645	0.645	NUM
gp-365	78	6	and	and	CCONJ
gp-365	78	7	a	a	DET
gp-365	78	8	critical	critical	ADJ
gp-365	78	9	ratio	ratio	NOUN
gp-365	78	10	(	(	PUNCT
gp-365	78	11	c.r	c.r	PROPN
gp-365	78	12	.	.	PROPN
gp-365	78	13	)	)	PUNCT
gp-365	78	14	of	of	ADP
gp-365	78	15	2.711	2.711	NUM
gp-365	78	16	indicate	indicate	VERB
gp-365	78	17	that	that	SCONJ
gp-365	78	18	the	the	DET
gp-365	78	19	distribution	distribution	NOUN
gp-365	78	20	of	of	ADP
gp-365	78	21	data	datum	NOUN
gp-365	78	22	is	be	AUX
gp-365	78	23	positively	positively	ADV
gp-365	78	24	skewed	skewed	ADJ
gp-365	78	25	,	,	PUNCT
gp-365	78	26	meaning	mean	VERB
gp-365	78	27	that	that	SCONJ
gp-365	78	28	most	most	ADJ
gp-365	78	29	companies	company	NOUN
gp-365	78	30	have	have	VERB
gp-365	78	31	an	an	DET
gp-365	78	32	above	above	ADJ
gp-365	78	33	-	-	PUNCT
gp-365	78	34	average	average	ADJ
gp-365	78	35	social	social	ADJ
gp-365	78	36	media	medium	NOUN
gp-365	78	37	value	value	NOUN
gp-365	78	38	.	.	PUNCT
gp-365	79	1	the	the	DET
gp-365	79	2	kurtosis	kurtosis	NOUN
gp-365	79	3	value	value	NOUN
gp-365	79	4	is	be	AUX
gp-365	79	5	–	–	PUNCT
gp-365	79	6	1.050	1.050	NUM
gp-365	79	7	with	with	ADP
gp-365	79	8	c.r	c.r	PROPN
gp-365	79	9	.	.	PROPN
gp-365	79	10	2.206	2.206	NUM
gp-365	79	11	shows	show	VERB
gp-365	79	12	that	that	SCONJ
gp-365	79	13	the	the	DET
gp-365	79	14	distribution	distribution	NOUN
gp-365	79	15	of	of	ADP
gp-365	79	16	the	the	DET
gp-365	79	17	data	data	NOUN
gp-365	79	18	is	be	AUX
gp-365	79	19	platykurtic	platykurtic	ADJ
gp-365	79	20	(	(	PUNCT
gp-365	79	21	flatter	flatter	NOUN
gp-365	79	22	)	)	PUNCT
gp-365	79	23	,	,	PUNCT
gp-365	79	24	so	so	CCONJ
gp-365	79	25	the	the	DET
gp-365	79	26	variation	variation	NOUN
gp-365	79	27	between	between	ADP
gp-365	79	28	data	datum	NOUN
gp-365	79	29	is	be	AUX
gp-365	79	30	quite	quite	ADV
gp-365	79	31	high	high	ADJ
gp-365	79	32	and	and	CCONJ
gp-365	79	33	not	not	PART
gp-365	79	34	too	too	ADV
gp-365	79	35	concentrated	concentrated	ADJ
gp-365	79	36	in	in	ADP
gp-365	79	37	the	the	DET
gp-365	79	38	mean	mean	ADJ
gp-365	79	39	value	value	NOUN
gp-365	79	40	.	.	PUNCT
gp-365	80	1	2	2	X
gp-365	80	2	)	)	PUNCT
gp-365	80	3	company	company	NOUN
gp-365	80	4	reputation	reputation	NOUN
gp-365	80	5	variable	variable	NOUN
gp-365	80	6	(	(	PUNCT
gp-365	80	7	z	z	NOUN
gp-365	80	8	/	/	SYM
gp-365	80	9	rep	rep	NOUN
gp-365	80	10	)	)	PUNCT
gp-365	80	11	a	a	DET
gp-365	80	12	minimum	minimum	NOUN
gp-365	80	13	value	value	NOUN
gp-365	80	14	of	of	ADP
gp-365	80	15	1,000	1,000	NUM
gp-365	80	16	and	and	CCONJ
gp-365	80	17	a	a	DET
gp-365	80	18	maximum	maximum	NOUN
gp-365	80	19	of	of	ADP
gp-365	80	20	4,000	4,000	NUM
gp-365	80	21	show	show	NOUN
gp-365	80	22	that	that	SCONJ
gp-365	80	23	there	there	PRON
gp-365	80	24	is	be	VERB
gp-365	80	25	a	a	DET
gp-365	80	26	wide	wide	ADJ
gp-365	80	27	variation	variation	NOUN
gp-365	80	28	in	in	ADP
gp-365	80	29	reputation	reputation	NOUN
gp-365	80	30	between	between	ADP
gp-365	80	31	b2b	b2b	NOUN
gp-365	80	32	companies	company	NOUN
gp-365	80	33	.	.	PUNCT
gp-365	81	1	skewness	skewness	NOUN
gp-365	81	2	value	value	NOUN
gp-365	81	3	–	–	PUNCT
gp-365	81	4	0.547	0.547	NUM
gp-365	81	5	and	and	CCONJ
gp-365	81	6	c.r	c.r	PROPN
gp-365	81	7	.	.	PROPN
gp-365	81	8	–	–	PUNCT
gp-365	81	9	2.299	2.299	NUM
gp-365	81	10	indicates	indicate	VERB
gp-365	81	11	a	a	DET
gp-365	81	12	negatively	negatively	ADV
gp-365	81	13	skewed	skewed	ADJ
gp-365	81	14	distribution	distribution	NOUN
gp-365	81	15	,	,	PUNCT
gp-365	81	16	which	which	PRON
gp-365	81	17	means	mean	VERB
gp-365	81	18	that	that	SCONJ
gp-365	81	19	most	most	ADJ
gp-365	81	20	companies	company	NOUN
gp-365	81	21	have	have	VERB
gp-365	81	22	a	a	DET
gp-365	81	23	good	good	ADJ
gp-365	81	24	or	or	CCONJ
gp-365	81	25	high	high	ADJ
gp-365	81	26	reputation	reputation	NOUN
gp-365	81	27	.	.	PUNCT
gp-365	82	1	the	the	DET
gp-365	82	2	value	value	NOUN
gp-365	82	3	of	of	ADP
gp-365	82	4	kurtosis	kurtosis	NOUN
gp-365	82	5	was	be	AUX
gp-365	82	6	-0.474	-0.474	ADJ
gp-365	82	7	with	with	ADP
gp-365	82	8	a	a	DET
gp-365	82	9	c.r	c.r	PROPN
gp-365	82	10	.	.	PROPN
gp-365	82	11	–	–	PUNCT
gp-365	82	12	0.996	0.996	NUM
gp-365	82	13	indicates	indicate	VERB
gp-365	82	14	a	a	DET
gp-365	82	15	distribution	distribution	NOUN
gp-365	82	16	close	close	ADV
gp-365	82	17	to	to	ADP
gp-365	82	18	normal	normal	ADJ
gp-365	82	19	(	(	PUNCT
gp-365	82	20	1904esokurtic	1904esokurtic	NUM
gp-365	82	21	)	)	PUNCT
gp-365	82	22	.	.	PUNCT
gp-365	83	1	3	3	X
gp-365	83	2	)	)	PUNCT
gp-365	83	3	company	company	NOUN
gp-365	83	4	value	value	NOUN
gp-365	83	5	variable	variable	NOUN
gp-365	83	6	(	(	PUNCT
gp-365	83	7	y	y	NOUN
gp-365	83	8	/	/	SYM
gp-365	83	9	pbv	pbv	ADJ
gp-365	83	10	)	)	PUNCT
gp-365	83	11	social	social	ADJ
gp-365	83	12	media	medium	NOUN
gp-365	83	13	influence	influence	NOUN
gp-365	83	14	on	on	ADP
gp-365	83	15	firm	firm	ADJ
gp-365	83	16	value	value	NOUN
gp-365	83	17	with	with	ADP
gp-365	83	18	corporate	corporate	ADJ
gp-365	83	19	reputation	reputation	NOUN
gp-365	83	20	as	as	ADP
gp-365	83	21	intervening	intervene	VERB
gp-365	83	22	variable	variable	NOUN
gp-365	83	23	:	:	PUNCT
gp-365	83	24	katadata	katadata	PROPN
gp-365	83	25	esg	esg	PROPN
gp-365	83	26	index	index	NOUN
gp-365	83	27	companies	company	NOUN
gp-365	83	28	on	on	ADP
gp-365	83	29	idx	idx	PROPN
gp-365	83	30	2024	2024	NUM
gp-365	83	31	1905	1905	NUM
gp-365	83	32	a	a	DET
gp-365	83	33	minimum	minimum	NOUN
gp-365	83	34	value	value	NOUN
gp-365	83	35	of	of	ADP
gp-365	83	36	–	–	PUNCT
gp-365	83	37	1,330	1,330	NUM
gp-365	83	38	and	and	CCONJ
gp-365	83	39	a	a	DET
gp-365	83	40	maximum	maximum	NOUN
gp-365	83	41	of	of	ADP
gp-365	83	42	6,200	6,200	NUM
gp-365	83	43	indicate	indicate	VERB
gp-365	83	44	a	a	DET
gp-365	83	45	considerable	considerable	ADJ
gp-365	83	46	difference	difference	NOUN
gp-365	83	47	between	between	ADP
gp-365	83	48	companies	company	NOUN
gp-365	83	49	.	.	PUNCT
gp-365	84	1	skewness	skewness	PROPN
gp-365	84	2	value	value	NOUN
gp-365	84	3	1,410	1,410	NUM
gp-365	84	4	and	and	CCONJ
gp-365	84	5	c.r	c.r	PROPN
gp-365	84	6	.	.	PROPN
gp-365	85	1	5.927	5.927	NUM
gp-365	85	2	indicates	indicate	VERB
gp-365	85	3	a	a	DET
gp-365	85	4	positively	positively	ADV
gp-365	85	5	skewed	skewed	ADJ
gp-365	85	6	distribution	distribution	NOUN
gp-365	85	7	,	,	PUNCT
gp-365	85	8	i.e.	i.e.	X
gp-365	85	9	most	most	ADJ
gp-365	85	10	companies	company	NOUN
gp-365	85	11	have	have	VERB
gp-365	85	12	an	an	DET
gp-365	85	13	above	above	ADJ
gp-365	85	14	-	-	PUNCT
gp-365	85	15	average	average	ADJ
gp-365	85	16	company	company	NOUN
gp-365	85	17	value	value	NOUN
gp-365	85	18	.	.	PUNCT
gp-365	86	1	while	while	SCONJ
gp-365	86	2	kurtosis	kurtosis	NOUN
gp-365	86	3	is	be	AUX
gp-365	86	4	1,291	1,291	NUM
gp-365	86	5	and	and	CCONJ
gp-365	86	6	c.r	c.r	PROPN
gp-365	86	7	.	.	PROPN
gp-365	86	8	2.713	2.713	NUM
gp-365	86	9	indicates	indicate	VERB
gp-365	86	10	a	a	DET
gp-365	86	11	leptokurtic	leptokurtic	ADJ
gp-365	86	12	form	form	NOUN
gp-365	86	13	,	,	PUNCT
gp-365	86	14	meaning	mean	VERB
gp-365	86	15	that	that	SCONJ
gp-365	86	16	the	the	DET
gp-365	86	17	data	data	NOUN
gp-365	86	18	tends	tend	VERB
gp-365	86	19	to	to	PART
gp-365	86	20	be	be	AUX
gp-365	86	21	centered	center	VERB
gp-365	86	22	around	around	ADP
gp-365	86	23	the	the	DET
gp-365	86	24	mean	mean	ADJ
gp-365	86	25	value	value	NOUN
gp-365	86	26	.	.	PUNCT
gp-365	87	1	table	table	NOUN
gp-365	87	2	2	2	NUM
gp-365	87	3	.	.	PUNCT
gp-365	87	4	descriptive	descriptive	ADJ
gp-365	87	5	statistics	statistic	NOUN
gp-365	87	6	of	of	ADP
gp-365	87	7	b2c	b2c	ADJ
gp-365	87	8	companies	company	NOUN
gp-365	87	9	variable	variable	ADJ
gp-365	87	10	min	min	PROPN
gp-365	87	11	max	max	PROPN
gp-365	87	12	skew	skew	PROPN
gp-365	87	13	q.c	q.c	PROPN
gp-365	87	14	.	.	PROPN
gp-365	87	15	kurtosis	kurtosis	PROPN
gp-365	87	16	q.c	q.c	PROPN
gp-365	87	17	.	.	PROPN
gp-365	87	18	x	x	X
gp-365	87	19	(	(	PUNCT
gp-365	87	20	ms	ms	NOUN
gp-365	87	21	)	)	PUNCT
gp-365	87	22	1,000	1,000	NUM
gp-365	87	23	4,000	4,000	NUM
gp-365	87	24	,	,	PUNCT
gp-365	87	25	939	939	NUM
gp-365	87	26	2,544	2,544	NUM
gp-365	87	27	,	,	PUNCT
gp-365	87	28	728	728	NUM
gp-365	87	29	,	,	PUNCT
gp-365	87	30	986	986	NUM
gp-365	87	31	z	z	NOUN
gp-365	87	32	(	(	PUNCT
gp-365	87	33	rep	rep	PROPN
gp-365	87	34	)	)	PUNCT
gp-365	87	35	1,000	1,000	NUM
gp-365	87	36	4,000	4,000	NUM
gp-365	87	37	-,598	-,598	ADJ
gp-365	87	38	-1,618	-1,618	X
gp-365	87	39	,	,	PUNCT
gp-365	87	40	215	215	NUM
gp-365	87	41	,	,	PUNCT
gp-365	87	42	291	291	NUM
gp-365	87	43	y	y	NOUN
gp-365	87	44	(	(	PUNCT
gp-365	87	45	pbv	pbv	VERB
gp-365	87	46	)	)	PUNCT
gp-365	87	47	,	,	PUNCT
gp-365	87	48	040	040	NUM
gp-365	87	49	7,050	7,050	NUM
gp-365	87	50	1,336	1,336	NUM
gp-365	87	51	3,619	3,619	NUM
gp-365	87	52	1,091	1,091	NUM
gp-365	87	53	1,477	1,477	NUM
gp-365	87	54	source	source	NOUN
gp-365	87	55	:	:	PUNCT
gp-365	87	56	data	datum	NOUN
gp-365	87	57	processed	process	VERB
gp-365	87	58	by	by	ADP
gp-365	87	59	researchers	researcher	NOUN
gp-365	87	60	(	(	PUNCT
gp-365	87	61	2025	2025	NUM
gp-365	87	62	)	)	PUNCT
gp-365	87	63	1	1	NUM
gp-365	87	64	)	)	PUNCT
gp-365	87	65	social	social	ADJ
gp-365	87	66	media	medium	NOUN
gp-365	87	67	variables	variable	NOUN
gp-365	87	68	(	(	PUNCT
gp-365	87	69	x	x	NOUN
gp-365	87	70	/	/	SYM
gp-365	87	71	ms	ms	NOUN
gp-365	87	72	)	)	PUNCT
gp-365	87	73	a	a	DET
gp-365	87	74	minimum	minimum	NOUN
gp-365	87	75	value	value	NOUN
gp-365	87	76	of	of	ADP
gp-365	87	77	1,000	1,000	NUM
gp-365	87	78	and	and	CCONJ
gp-365	87	79	a	a	DET
gp-365	87	80	maximum	maximum	NOUN
gp-365	87	81	of	of	ADP
gp-365	87	82	4,000	4,000	NUM
gp-365	87	83	indicate	indicate	VERB
gp-365	87	84	a	a	DET
gp-365	87	85	fairly	fairly	ADV
gp-365	87	86	wide	wide	ADJ
gp-365	87	87	degree	degree	NOUN
gp-365	87	88	of	of	ADP
gp-365	87	89	variation	variation	NOUN
gp-365	87	90	.	.	PUNCT
gp-365	88	1	the	the	DET
gp-365	88	2	skewness	skewness	NOUN
gp-365	88	3	value	value	NOUN
gp-365	88	4	was	be	AUX
gp-365	88	5	0.939	0.939	NUM
gp-365	88	6	and	and	CCONJ
gp-365	88	7	c.r	c.r	PROPN
gp-365	88	8	.	.	PROPN
gp-365	88	9	2,544	2,544	NUM
gp-365	88	10	indicate	indicate	VERB
gp-365	88	11	that	that	SCONJ
gp-365	88	12	distribution	distribution	NOUN
gp-365	88	13	is	be	AUX
gp-365	88	14	positively	positively	ADV
gp-365	88	15	skewed	skewed	ADJ
gp-365	88	16	,	,	PUNCT
gp-365	88	17	meaning	mean	VERB
gp-365	88	18	that	that	SCONJ
gp-365	88	19	most	most	ADJ
gp-365	88	20	b2c	b2c	ADJ
gp-365	88	21	companies	company	NOUN
gp-365	88	22	have	have	VERB
gp-365	88	23	a	a	DET
gp-365	88	24	high	high	ADJ
gp-365	88	25	level	level	NOUN
gp-365	88	26	of	of	ADP
gp-365	88	27	social	social	ADJ
gp-365	88	28	media	medium	NOUN
gp-365	88	29	utilization	utilization	NOUN
gp-365	88	30	.	.	PUNCT
gp-365	89	1	the	the	DET
gp-365	89	2	kurtosis	kurtosis	NOUN
gp-365	89	3	value	value	NOUN
gp-365	89	4	was	be	AUX
gp-365	89	5	0.728	0.728	NUM
gp-365	89	6	and	and	CCONJ
gp-365	89	7	c.r	c.r	PROPN
gp-365	89	8	.	.	PROPN
gp-365	89	9	0.986	0.986	NUM
gp-365	89	10	indicates	indicate	VERB
gp-365	89	11	a	a	DET
gp-365	89	12	leptokurtic	leptokurtic	ADJ
gp-365	89	13	tendency	tendency	NOUN
gp-365	89	14	,	,	PUNCT
gp-365	89	15	but	but	CCONJ
gp-365	89	16	it	it	PRON
gp-365	89	17	is	be	AUX
gp-365	89	18	still	still	ADV
gp-365	89	19	within	within	ADP
gp-365	89	20	normal	normal	ADJ
gp-365	89	21	limits	limit	NOUN
gp-365	89	22	.	.	PUNCT
gp-365	90	1	2	2	X
gp-365	90	2	)	)	PUNCT
gp-365	90	3	company	company	NOUN
gp-365	90	4	reputation	reputation	NOUN
gp-365	90	5	variable	variable	NOUN
gp-365	90	6	(	(	PUNCT
gp-365	90	7	z	z	NOUN
gp-365	90	8	/	/	SYM
gp-365	90	9	rep	rep	NOUN
gp-365	90	10	)	)	PUNCT
gp-365	90	11	a	a	DET
gp-365	90	12	minimum	minimum	NOUN
gp-365	90	13	value	value	NOUN
gp-365	90	14	of	of	ADP
gp-365	90	15	1,000	1,000	NUM
gp-365	90	16	and	and	CCONJ
gp-365	90	17	a	a	DET
gp-365	90	18	maximum	maximum	NOUN
gp-365	90	19	of	of	ADP
gp-365	90	20	4,000	4,000	NUM
gp-365	90	21	,	,	PUNCT
gp-365	90	22	with	with	ADP
gp-365	90	23	a	a	DET
gp-365	90	24	skewness	skewness	NOUN
gp-365	90	25	of	of	ADP
gp-365	90	26	–	–	PUNCT
gp-365	90	27	0.598	0.598	NUM
gp-365	90	28	and	and	CCONJ
gp-365	90	29	a	a	DET
gp-365	90	30	c.r	c.r	PROPN
gp-365	90	31	.	.	PROPN
gp-365	90	32	–	–	PUNCT
gp-365	90	33	1.618	1.618	NUM
gp-365	90	34	,	,	PUNCT
gp-365	90	35	indicates	indicate	VERB
gp-365	90	36	a	a	DET
gp-365	90	37	negatively	negatively	ADV
gp-365	90	38	skewed	skewed	ADJ
gp-365	90	39	distribution	distribution	NOUN
gp-365	90	40	,	,	PUNCT
gp-365	90	41	meaning	mean	VERB
gp-365	90	42	that	that	SCONJ
gp-365	90	43	most	most	ADJ
gp-365	90	44	companies	company	NOUN
gp-365	90	45	are	be	AUX
gp-365	90	46	in	in	ADP
gp-365	90	47	good	good	ADJ
gp-365	90	48	standing	standing	NOUN
gp-365	90	49	.	.	PUNCT
gp-365	91	1	the	the	DET
gp-365	91	2	kurtosis	kurtosis	NOUN
gp-365	91	3	value	value	NOUN
gp-365	91	4	was	be	AUX
gp-365	91	5	0.215	0.215	NUM
gp-365	91	6	and	and	CCONJ
gp-365	91	7	the	the	DET
gp-365	91	8	c.r	c.r	PROPN
gp-365	91	9	.	.	PROPN
gp-365	91	10	0.291	0.291	NUM
gp-365	91	11	is	be	AUX
gp-365	91	12	close	close	ADJ
gp-365	91	13	to	to	ADP
gp-365	91	14	zero	zero	NUM
gp-365	91	15	,	,	PUNCT
gp-365	91	16	indicating	indicate	VERB
gp-365	91	17	a	a	DET
gp-365	91	18	normal	normal	ADJ
gp-365	91	19	distribution	distribution	NOUN
gp-365	91	20	.	.	PUNCT
gp-365	92	1	3	3	X
gp-365	92	2	)	)	PUNCT
gp-365	92	3	company	company	NOUN
gp-365	92	4	value	value	NOUN
gp-365	92	5	variable	variable	NOUN
gp-365	92	6	(	(	PUNCT
gp-365	92	7	y	y	NOUN
gp-365	92	8	/	/	SYM
gp-365	92	9	pbv	pbv	ADJ
gp-365	92	10	)	)	PUNCT
gp-365	92	11	a	a	DET
gp-365	92	12	minimum	minimum	NOUN
gp-365	92	13	value	value	NOUN
gp-365	92	14	of	of	ADP
gp-365	92	15	0.040	0.040	NUM
gp-365	92	16	and	and	CCONJ
gp-365	92	17	a	a	DET
gp-365	92	18	maximum	maximum	NOUN
gp-365	92	19	of	of	ADP
gp-365	92	20	7.050	7.050	NUM
gp-365	92	21	indicate	indicate	VERB
gp-365	92	22	a	a	DET
gp-365	92	23	large	large	ADJ
gp-365	92	24	difference	difference	NOUN
gp-365	92	25	in	in	ADP
gp-365	92	26	the	the	DET
gp-365	92	27	value	value	NOUN
gp-365	92	28	of	of	ADP
gp-365	92	29	a	a	DET
gp-365	92	30	b2c	b2c	ADJ
gp-365	92	31	company	company	NOUN
gp-365	92	32	.	.	PUNCT
gp-365	93	1	skewness	skewness	PROPN
gp-365	93	2	value	value	NOUN
gp-365	93	3	1.336	1.336	NUM
gp-365	93	4	and	and	CCONJ
gp-365	93	5	c.r	c.r	PROPN
gp-365	93	6	.	.	PROPN
gp-365	93	7	3,619	3,619	NUM
gp-365	93	8	indicates	indicate	VERB
gp-365	93	9	a	a	DET
gp-365	93	10	positively	positively	ADV
gp-365	93	11	skewed	skewed	ADJ
gp-365	93	12	distribution	distribution	NOUN
gp-365	93	13	,	,	PUNCT
gp-365	93	14	meaning	mean	VERB
gp-365	93	15	that	that	SCONJ
gp-365	93	16	most	most	ADJ
gp-365	93	17	companies	company	NOUN
gp-365	93	18	have	have	VERB
gp-365	93	19	an	an	DET
gp-365	93	20	above	above	ADJ
gp-365	93	21	-	-	PUNCT
gp-365	93	22	average	average	ADJ
gp-365	93	23	company	company	NOUN
gp-365	93	24	value	value	NOUN
gp-365	93	25	.	.	PUNCT
gp-365	94	1	the	the	DET
gp-365	94	2	kurtosis	kurtosis	NOUN
gp-365	94	3	value	value	NOUN
gp-365	94	4	was	be	AUX
gp-365	94	5	1.091	1.091	NUM
gp-365	94	6	and	and	CCONJ
gp-365	94	7	the	the	DET
gp-365	94	8	c.r	c.r	PROPN
gp-365	94	9	.	.	PROPN
gp-365	94	10	1.477	1.477	NUM
gp-365	94	11	indicates	indicate	VERB
gp-365	94	12	a	a	DET
gp-365	94	13	leptokurtic	leptokurtic	ADJ
gp-365	94	14	form	form	NOUN
gp-365	94	15	,	,	PUNCT
gp-365	94	16	indicating	indicate	VERB
gp-365	94	17	that	that	SCONJ
gp-365	94	18	the	the	DET
gp-365	94	19	data	data	NOUN
gp-365	94	20	tends	tend	VERB
gp-365	94	21	to	to	PART
gp-365	94	22	be	be	AUX
gp-365	94	23	centered	center	VERB
gp-365	94	24	on	on	ADP
gp-365	94	25	the	the	DET
gp-365	94	26	mean	mean	NOUN
gp-365	94	27	.	.	PUNCT
gp-365	95	1	normality	normality	NOUN
gp-365	95	2	test	test	NOUN
gp-365	95	3	table	table	NOUN
gp-365	95	4	3	3	NUM
gp-365	95	5	.	.	X
gp-365	95	6	b2c	b2c	ADJ
gp-365	95	7	company	company	NOUN
gp-365	95	8	normality	normality	NOUN
gp-365	95	9	test	test	NOUN
gp-365	95	10	variable	variable	PROPN
gp-365	95	11	min	min	PROPN
gp-365	95	12	max	max	PROPN
gp-365	95	13	skew	skew	PROPN
gp-365	95	14	q.c	q.c	PROPN
gp-365	95	15	.	.	PROPN
gp-365	95	16	kurtosis	kurtosis	PROPN
gp-365	96	1	q.c	q.c	PROPN
gp-365	96	2	.	.	PUNCT
gp-365	97	1	ms	ms	PROPN
gp-365	97	2	1,000	1,000	NUM
gp-365	97	3	4,000	4,000	NUM
gp-365	97	4	1,702	1,702	NUM
gp-365	97	5	4,609	4,609	NUM
gp-365	97	6	2,396	2,396	NUM
gp-365	97	7	3,245	3,245	NUM
gp-365	97	8	rep	rep	NOUN
gp-365	97	9	1,000	1,000	NUM
gp-365	97	10	4,000	4,000	NUM
gp-365	97	11	-,598	-,598	PROPN
gp-365	97	12	-1,618	-1,618	X
gp-365	97	13	,	,	PUNCT
gp-365	97	14	215	215	NUM
gp-365	97	15	,	,	PUNCT
gp-365	97	16	291	291	NUM
gp-365	97	17	pbv	pbv	VERB
gp-365	97	18	,	,	PUNCT
gp-365	97	19	040	040	NUM
gp-365	97	20	7,050	7,050	NUM
gp-365	97	21	1,336	1,336	NUM
gp-365	97	22	3,619	3,619	NUM
gp-365	97	23	1,091	1,091	NUM
gp-365	97	24	1,477	1,477	NUM
gp-365	97	25	multivariate	multivariate	NOUN
gp-365	97	26	4,052	4,052	NUM
gp-365	97	27	2,454	2,454	NUM
gp-365	97	28	source	source	NOUN
gp-365	97	29	:	:	PUNCT
gp-365	97	30	processed	process	VERB
gp-365	97	31	by	by	ADP
gp-365	97	32	researcher	researcher	NOUN
gp-365	97	33	(	(	PUNCT
gp-365	97	34	2025	2025	NUM
gp-365	97	35	)	)	PUNCT
gp-365	97	36	1	1	NUM
gp-365	97	37	)	)	PUNCT
gp-365	97	38	b2c	b2c	NOUN
gp-365	97	39	company	company	NOUN
gp-365	97	40	normality	normality	NOUN
gp-365	97	41	test	test	NOUN
gp-365	97	42	based	base	VERB
gp-365	97	43	on	on	ADP
gp-365	97	44	the	the	DET
gp-365	97	45	test	test	NOUN
gp-365	97	46	results	result	NOUN
gp-365	97	47	,	,	PUNCT
gp-365	97	48	the	the	DET
gp-365	97	49	values	value	NOUN
gp-365	97	50	of	of	ADP
gp-365	97	51	skewness	skewness	NOUN
gp-365	97	52	and	and	CCONJ
gp-365	97	53	kurtosis	kurtosis	NOUN
gp-365	97	54	were	be	AUX
gp-365	97	55	obtained	obtain	VERB
gp-365	97	56	as	as	ADP
gp-365	97	57	follows	follow	VERB
gp-365	97	58	:	:	PUNCT
gp-365	97	59	a.	a.	NOUN
gp-365	97	60	the	the	DET
gp-365	97	61	social	social	ADJ
gp-365	97	62	media	medium	NOUN
gp-365	97	63	(	(	PUNCT
gp-365	97	64	ms	ms	NOUN
gp-365	97	65	)	)	PUNCT
gp-365	97	66	variable	variable	NOUN
gp-365	97	67	had	have	VERB
gp-365	97	68	a	a	DET
gp-365	97	69	skewness	skewness	NOUN
gp-365	97	70	value	value	NOUN
gp-365	97	71	of	of	ADP
gp-365	97	72	1.702	1.702	NUM
gp-365	97	73	with	with	ADP
gp-365	97	74	a	a	DET
gp-365	97	75	c.r	c.r	PROPN
gp-365	97	76	.	.	PROPN
gp-365	97	77	of	of	ADP
gp-365	97	78	4.609	4.609	NUM
gp-365	97	79	,	,	PUNCT
gp-365	97	80	and	and	CCONJ
gp-365	97	81	a	a	DET
gp-365	97	82	kurtosis	kurtosis	NOUN
gp-365	97	83	value	value	NOUN
gp-365	97	84	of	of	ADP
gp-365	97	85	2.396	2.396	NUM
gp-365	97	86	with	with	ADP
gp-365	97	87	a	a	DET
gp-365	97	88	c.r	c.r	PROPN
gp-365	97	89	.	.	PROPN
gp-365	97	90	of	of	ADP
gp-365	97	91	3.245	3.245	NUM
gp-365	97	92	.	.	PUNCT
gp-365	98	1	this	this	DET
gp-365	98	2	value	value	NOUN
gp-365	98	3	exceeds	exceed	VERB
gp-365	98	4	the	the	DET
gp-365	98	5	±2.58	±2.58	PROPN
gp-365	98	6	limit	limit	NOUN
gp-365	98	7	,	,	PUNCT
gp-365	98	8	which	which	PRON
gp-365	98	9	indicates	indicate	VERB
gp-365	98	10	that	that	SCONJ
gp-365	98	11	the	the	DET
gp-365	98	12	data	data	NOUN
gp-365	98	13	is	be	AUX
gp-365	98	14	not	not	PART
gp-365	98	15	normally	normally	ADV
gp-365	98	16	distributed	distribute	VERB
gp-365	98	17	.	.	PUNCT
gp-365	99	1	b.	b.	PROPN
gp-365	99	2	the	the	DET
gp-365	99	3	esg	esg	PROPN
gp-365	99	4	(	(	PUNCT
gp-365	99	5	corporate	corporate	ADJ
gp-365	99	6	reputation	reputation	NOUN
gp-365	99	7	)	)	PUNCT
gp-365	99	8	variable	variable	NOUN
gp-365	99	9	has	have	VERB
gp-365	99	10	a	a	DET
gp-365	99	11	skewness	skewness	NOUN
gp-365	99	12	value	value	NOUN
gp-365	99	13	of	of	ADP
gp-365	99	14	–	–	PUNCT
gp-365	99	15	0.598	0.598	NUM
gp-365	99	16	with	with	ADP
gp-365	99	17	a	a	DET
gp-365	99	18	c.r	c.r	PROPN
gp-365	99	19	.	.	PROPN
gp-365	99	20	of	of	ADP
gp-365	99	21	–	–	PUNCT
gp-365	99	22	1.618	1.618	NUM
gp-365	99	23	and	and	CCONJ
gp-365	99	24	a	a	DET
gp-365	99	25	kurtosis	kurtosis	NOUN
gp-365	99	26	of	of	ADP
gp-365	99	27	0.215	0.215	NUM
gp-365	99	28	with	with	ADP
gp-365	99	29	a	a	DET
gp-365	99	30	c.r	c.r	PROPN
gp-365	99	31	.	.	PROPN
gp-365	99	32	of	of	ADP
gp-365	99	33	0.291	0.291	NUM
gp-365	99	34	.	.	PUNCT
gp-365	100	1	this	this	DET
gp-365	100	2	value	value	NOUN
gp-365	100	3	is	be	AUX
gp-365	100	4	still	still	ADV
gp-365	100	5	in	in	ADP
gp-365	100	6	the	the	DET
gp-365	100	7	range	range	NOUN
gp-365	100	8	of	of	ADP
gp-365	100	9	±2.58	±2.58	PROPN
gp-365	100	10	,	,	PUNCT
gp-365	100	11	so	so	SCONJ
gp-365	100	12	the	the	DET
gp-365	100	13	data	data	NOUN
gp-365	100	14	is	be	AUX
gp-365	100	15	distributed	distribute	VERB
gp-365	100	16	normally	normally	ADV
gp-365	100	17	.	.	PUNCT
gp-365	101	1	social	social	ADJ
gp-365	101	2	media	medium	NOUN
gp-365	101	3	influence	influence	NOUN
gp-365	101	4	on	on	ADP
gp-365	101	5	firm	firm	ADJ
gp-365	101	6	value	value	NOUN
gp-365	101	7	with	with	ADP
gp-365	101	8	corporate	corporate	ADJ
gp-365	101	9	reputation	reputation	NOUN
gp-365	101	10	as	as	ADP
gp-365	101	11	intervening	intervene	VERB
gp-365	101	12	variable	variable	NOUN
gp-365	101	13	:	:	PUNCT
gp-365	101	14	katadata	katadata	PROPN
gp-365	101	15	esg	esg	PROPN
gp-365	101	16	index	index	NOUN
gp-365	101	17	companies	company	NOUN
gp-365	101	18	on	on	ADP
gp-365	101	19	idx	idx	PROPN
gp-365	101	20	2024	2024	NUM
gp-365	101	21	1906	1906	NUM
gp-365	101	22	c.	c.	NOUN
gp-365	101	23	the	the	DET
gp-365	101	24	pbv	pbv	ADJ
gp-365	101	25	(	(	PUNCT
gp-365	101	26	company	company	NOUN
gp-365	101	27	value	value	NOUN
gp-365	101	28	)	)	PUNCT
gp-365	101	29	variable	variable	NOUN
gp-365	101	30	has	have	VERB
gp-365	101	31	a	a	DET
gp-365	101	32	skewness	skewness	NOUN
gp-365	101	33	of	of	ADP
gp-365	101	34	1.336	1.336	NUM
gp-365	101	35	with	with	ADP
gp-365	101	36	a	a	DET
gp-365	101	37	c.r	c.r	PROPN
gp-365	101	38	.	.	PROPN
gp-365	101	39	of	of	ADP
gp-365	101	40	3.619	3.619	NUM
gp-365	101	41	and	and	CCONJ
gp-365	101	42	a	a	DET
gp-365	101	43	kurtosis	kurtosis	NOUN
gp-365	101	44	of	of	ADP
gp-365	101	45	1.091	1.091	NUM
gp-365	101	46	with	with	ADP
gp-365	101	47	a	a	DET
gp-365	101	48	c.r	c.r	PROPN
gp-365	101	49	.	.	PROPN
gp-365	101	50	of	of	ADP
gp-365	101	51	1.477	1.477	NUM
gp-365	101	52	.	.	PUNCT
gp-365	102	1	the	the	DET
gp-365	102	2	skewness	skewness	NOUN
gp-365	102	3	value	value	NOUN
gp-365	102	4	exceeds	exceed	VERB
gp-365	102	5	the	the	DET
gp-365	102	6	normal	normal	ADJ
gp-365	102	7	limit	limit	NOUN
gp-365	102	8	,	,	PUNCT
gp-365	102	9	so	so	SCONJ
gp-365	102	10	this	this	DET
gp-365	102	11	data	data	NOUN
gp-365	102	12	is	be	AUX
gp-365	102	13	not	not	PART
gp-365	102	14	completely	completely	ADV
gp-365	102	15	normal	normal	ADJ
gp-365	102	16	.	.	PUNCT
gp-365	103	1	d.	d.	PROPN
gp-365	103	2	the	the	DET
gp-365	103	3	multivariate	multivariate	PROPN
gp-365	103	4	c.r	c.r	PROPN
gp-365	103	5	.	.	PROPN
gp-365	103	6	value	value	NOUN
gp-365	103	7	is	be	AUX
gp-365	103	8	2.454	2.454	NUM
gp-365	103	9	,	,	PUNCT
gp-365	103	10	which	which	PRON
gp-365	103	11	is	be	AUX
gp-365	103	12	still	still	ADV
gp-365	103	13	within	within	ADP
gp-365	103	14	the	the	DET
gp-365	103	15	±2.58	±2.58	PROPN
gp-365	103	16	limit	limit	NOUN
gp-365	103	17	,	,	PUNCT
gp-365	103	18	so	so	CCONJ
gp-365	103	19	overall	overall	ADJ
gp-365	103	20	multivariate	multivariate	NOUN
gp-365	103	21	data	datum	NOUN
gp-365	103	22	can	can	AUX
gp-365	103	23	still	still	ADV
gp-365	103	24	be	be	AUX
gp-365	103	25	said	say	VERB
gp-365	103	26	to	to	PART
gp-365	103	27	be	be	AUX
gp-365	103	28	close	close	ADJ
gp-365	103	29	to	to	ADP
gp-365	103	30	normal	normal	ADJ
gp-365	103	31	.	.	PUNCT
gp-365	104	1	univariately	univariately	ADV
gp-365	104	2	,	,	PUNCT
gp-365	104	3	several	several	ADJ
gp-365	104	4	variables	variable	NOUN
gp-365	104	5	(	(	PUNCT
gp-365	104	6	ms	ms	NOUN
gp-365	104	7	and	and	CCONJ
gp-365	104	8	pbv	pbv	ADJ
gp-365	104	9	)	)	PUNCT
gp-365	104	10	showed	show	VERB
gp-365	104	11	abnormalities	abnormality	NOUN
gp-365	104	12	.	.	PUNCT
gp-365	105	1	however	however	ADV
gp-365	105	2	,	,	PUNCT
gp-365	105	3	in	in	ADP
gp-365	105	4	a	a	DET
gp-365	105	5	multivariate	multivariate	NOUN
gp-365	105	6	manner	manner	NOUN
gp-365	105	7	,	,	PUNCT
gp-365	105	8	b2c	b2c	ADJ
gp-365	105	9	data	datum	NOUN
gp-365	105	10	can	can	AUX
gp-365	105	11	still	still	ADV
gp-365	105	12	be	be	AUX
gp-365	105	13	considered	consider	VERB
gp-365	105	14	normal	normal	ADJ
gp-365	105	15	overall	overall	NOUN
gp-365	105	16	because	because	SCONJ
gp-365	105	17	the	the	DET
gp-365	105	18	multivariate	multivariate	NOUN
gp-365	105	19	c.r	c.r	PROPN
gp-365	105	20	.	.	PROPN
gp-365	105	21	value	value	NOUN
gp-365	105	22	is	be	AUX
gp-365	105	23	within	within	ADP
gp-365	105	24	tolerance	tolerance	NOUN
gp-365	105	25	limits	limit	NOUN
gp-365	105	26	.	.	PUNCT
gp-365	106	1	table	table	NOUN
gp-365	106	2	4	4	NUM
gp-365	106	3	.	.	PUNCT
gp-365	107	1	b2b	b2b	NOUN
gp-365	107	2	company	company	NOUN
gp-365	107	3	normality	normality	NOUN
gp-365	107	4	test	test	NOUN
gp-365	107	5	variable	variable	PROPN
gp-365	107	6	min	min	PROPN
gp-365	107	7	max	max	PROPN
gp-365	107	8	skew	skew	PROPN
gp-365	107	9	q.c	q.c	PROPN
gp-365	107	10	.	.	PROPN
gp-365	107	11	kurtosis	kurtosis	PROPN
gp-365	107	12	q.c	q.c	PROPN
gp-365	107	13	.	.	PUNCT
gp-365	108	1	ms	ms	PROPN
gp-365	108	2	1,000	1,000	NUM
gp-365	108	3	3,000	3,000	NUM
gp-365	108	4	,	,	PUNCT
gp-365	108	5	645	645	NUM
gp-365	108	6	2,711	2,711	NUM
gp-365	108	7	-1,050	-1,050	NUM
gp-365	108	8	-2,206	-2,206	PROPN
gp-365	108	9	rep	rep	PROPN
gp-365	108	10	1,000	1,000	NUM
gp-365	108	11	4,000	4,000	NUM
gp-365	108	12	-,547	-,547	PROPN
gp-365	108	13	-2,299	-2,299	NOUN
gp-365	108	14	,	,	PUNCT
gp-365	108	15	474	474	NUM
gp-365	108	16	,	,	PUNCT
gp-365	108	17	996	996	NUM
gp-365	108	18	pbv	pbv	VERB
gp-365	108	19	-,830	-,830	PROPN
gp-365	108	20	5,800	5,800	NUM
gp-365	108	21	1,389	1,389	NUM
gp-365	108	22	5,840	5,840	NUM
gp-365	108	23	1,292	1,292	NUM
gp-365	108	24	2,716	2,716	NUM
gp-365	108	25	multivariate	multivariate	NOUN
gp-365	108	26	-,339	-,339	ADJ
gp-365	108	27	-,319	-,319	ADJ
gp-365	108	28	source	source	NOUN
gp-365	108	29	:	:	PUNCT
gp-365	108	30	processed	process	VERB
gp-365	108	31	by	by	ADP
gp-365	108	32	researcher	researcher	NOUN
gp-365	108	33	(	(	PUNCT
gp-365	108	34	2025	2025	NUM
gp-365	108	35	)	)	PUNCT
gp-365	108	36	2	2	NUM
gp-365	108	37	)	)	PUNCT
gp-365	108	38	b2b	b2b	NOUN
gp-365	108	39	company	company	NOUN
gp-365	108	40	normality	normality	NOUN
gp-365	108	41	test	test	NOUN
gp-365	108	42	for	for	ADP
gp-365	108	43	a	a	DET
gp-365	108	44	b2b	b2b	NOUN
gp-365	108	45	group	group	NOUN
gp-365	108	46	of	of	ADP
gp-365	108	47	companies	company	NOUN
gp-365	108	48	,	,	PUNCT
gp-365	108	49	the	the	DET
gp-365	108	50	results	result	NOUN
gp-365	108	51	are	be	AUX
gp-365	108	52	as	as	SCONJ
gp-365	108	53	follows	follow	VERB
gp-365	108	54	:	:	PUNCT
gp-365	108	55	a.	a.	NOUN
gp-365	108	56	the	the	DET
gp-365	108	57	social	social	ADJ
gp-365	108	58	media	medium	NOUN
gp-365	108	59	(	(	PUNCT
gp-365	108	60	ms	ms	NOUN
gp-365	108	61	)	)	PUNCT
gp-365	108	62	variable	variable	NOUN
gp-365	108	63	had	have	VERB
gp-365	108	64	a	a	DET
gp-365	108	65	skewness	skewness	NOUN
gp-365	108	66	of	of	ADP
gp-365	108	67	0.645	0.645	NUM
gp-365	108	68	with	with	ADP
gp-365	108	69	a	a	DET
gp-365	108	70	c.r	c.r	PROPN
gp-365	108	71	.	.	PROPN
gp-365	108	72	of	of	ADP
gp-365	108	73	2.711	2.711	NUM
gp-365	108	74	and	and	CCONJ
gp-365	108	75	a	a	DET
gp-365	108	76	kurtosis	kurtosis	NOUN
gp-365	108	77	of	of	ADP
gp-365	108	78	-1.050	-1.050	PROPN
gp-365	108	79	with	with	ADP
gp-365	108	80	a	a	DET
gp-365	108	81	c.r	c.r	PROPN
gp-365	108	82	.	.	PROPN
gp-365	108	83	of	of	ADP
gp-365	108	84	-2.206	-2.206	PROPN
gp-365	108	85	.	.	PUNCT
gp-365	109	1	the	the	DET
gp-365	109	2	skewness	skewness	NOUN
gp-365	109	3	value	value	NOUN
gp-365	109	4	that	that	PRON
gp-365	109	5	is	be	AUX
gp-365	109	6	still	still	ADV
gp-365	109	7	within	within	ADP
gp-365	109	8	the	the	DET
gp-365	109	9	limit	limit	NOUN
gp-365	109	10	of	of	ADP
gp-365	109	11	±2.58	±2.58	PROPN
gp-365	109	12	indicates	indicate	VERB
gp-365	109	13	that	that	SCONJ
gp-365	109	14	the	the	DET
gp-365	109	15	data	data	NOUN
gp-365	109	16	is	be	AUX
gp-365	109	17	distributed	distribute	VERB
gp-365	109	18	normally	normally	ADV
gp-365	109	19	.	.	PUNCT
gp-365	110	1	b.	b.	VERB
gp-365	111	1	the	the	DET
gp-365	111	2	reputation	reputation	NOUN
gp-365	111	3	variable	variable	NOUN
gp-365	111	4	(	(	PUNCT
gp-365	111	5	rep	rep	NOUN
gp-365	111	6	)	)	PUNCT
gp-365	111	7	had	have	VERB
gp-365	111	8	a	a	DET
gp-365	111	9	skewness	skewness	NOUN
gp-365	111	10	of	of	ADP
gp-365	111	11	–	–	PUNCT
gp-365	111	12	0.547	0.547	NUM
gp-365	111	13	with	with	ADP
gp-365	111	14	a	a	DET
gp-365	111	15	c.r	c.r	PROPN
gp-365	111	16	.	.	PROPN
gp-365	111	17	of	of	ADP
gp-365	111	18	–	–	PUNCT
gp-365	111	19	2.299	2.299	NUM
gp-365	111	20	and	and	CCONJ
gp-365	111	21	a	a	DET
gp-365	111	22	kurtosis	kurtosis	NOUN
gp-365	111	23	of	of	ADP
gp-365	111	24	–	–	PUNCT
gp-365	111	25	0.474	0.474	NUM
gp-365	111	26	with	with	ADP
gp-365	111	27	a	a	DET
gp-365	111	28	c.r	c.r	PROPN
gp-365	111	29	.	.	PROPN
gp-365	111	30	of	of	ADP
gp-365	111	31	–	–	PUNCT
gp-365	111	32	0.996	0.996	NUM
gp-365	111	33	,	,	PUNCT
gp-365	111	34	which	which	PRON
gp-365	111	35	is	be	AUX
gp-365	111	36	still	still	ADV
gp-365	111	37	within	within	ADP
gp-365	111	38	the	the	DET
gp-365	111	39	±2.58	±2.58	PROPN
gp-365	111	40	limit	limit	NOUN
gp-365	111	41	so	so	SCONJ
gp-365	111	42	that	that	SCONJ
gp-365	111	43	the	the	DET
gp-365	111	44	data	data	NOUN
gp-365	111	45	is	be	AUX
gp-365	111	46	normally	normally	ADV
gp-365	111	47	distributed	distribute	VERB
gp-365	111	48	.	.	PUNCT
gp-365	112	1	c.	c.	NOUN
gp-365	112	2	the	the	DET
gp-365	112	3	pbv	pbv	ADJ
gp-365	112	4	(	(	PUNCT
gp-365	112	5	company	company	NOUN
gp-365	112	6	value	value	NOUN
gp-365	112	7	)	)	PUNCT
gp-365	112	8	variable	variable	NOUN
gp-365	112	9	has	have	VERB
gp-365	112	10	a	a	DET
gp-365	112	11	skewness	skewness	NOUN
gp-365	112	12	of	of	ADP
gp-365	112	13	1.389	1.389	NUM
gp-365	112	14	with	with	ADP
gp-365	112	15	a	a	DET
gp-365	112	16	c.r	c.r	PROPN
gp-365	112	17	.	.	PROPN
gp-365	112	18	of	of	ADP
gp-365	112	19	5.840	5.840	NUM
gp-365	112	20	and	and	CCONJ
gp-365	112	21	a	a	DET
gp-365	112	22	kurtosis	kurtosis	NOUN
gp-365	112	23	of	of	ADP
gp-365	112	24	1.292	1.292	NUM
gp-365	112	25	with	with	ADP
gp-365	112	26	a	a	DET
gp-365	112	27	c.r	c.r	PROPN
gp-365	112	28	.	.	PROPN
gp-365	112	29	of	of	ADP
gp-365	112	30	2.716	2.716	NUM
gp-365	112	31	,	,	PUNCT
gp-365	112	32	so	so	SCONJ
gp-365	112	33	this	this	DET
gp-365	112	34	data	data	NOUN
gp-365	112	35	is	be	AUX
gp-365	112	36	normally	normally	ADV
gp-365	112	37	distributed	distribute	VERB
gp-365	112	38	.	.	PUNCT
gp-365	113	1	d.	d.	PROPN
gp-365	113	2	the	the	DET
gp-365	113	3	multivariate	multivariate	PROPN
gp-365	113	4	c.r	c.r	PROPN
gp-365	113	5	.	.	PROPN
gp-365	113	6	value	value	NOUN
gp-365	113	7	of	of	ADP
gp-365	113	8	-0.319	-0.319	PROPN
gp-365	113	9	is	be	AUX
gp-365	113	10	still	still	ADV
gp-365	113	11	at	at	ADP
gp-365	113	12	the	the	DET
gp-365	113	13	±2.58	±2.58	PROPN
gp-365	113	14	limit	limit	NOUN
gp-365	113	15	,	,	PUNCT
gp-365	113	16	which	which	PRON
gp-365	113	17	means	mean	VERB
gp-365	113	18	that	that	SCONJ
gp-365	113	19	the	the	DET
gp-365	113	20	multivariate	multivariate	NOUN
gp-365	113	21	data	datum	NOUN
gp-365	113	22	is	be	AUX
gp-365	113	23	normally	normally	ADV
gp-365	113	24	distributed	distribute	VERB
gp-365	113	25	.	.	PUNCT
gp-365	114	1	although	although	SCONJ
gp-365	114	2	some	some	DET
gp-365	114	3	variables	variable	NOUN
gp-365	114	4	(	(	PUNCT
gp-365	114	5	ms	ms	NOUN
gp-365	114	6	and	and	CCONJ
gp-365	114	7	pbv	pbv	ADJ
gp-365	114	8	)	)	PUNCT
gp-365	114	9	were	be	AUX
gp-365	114	10	not	not	PART
gp-365	114	11	uniformly	uniformly	ADV
gp-365	114	12	normally	normally	ADV
gp-365	114	13	distributed	distribute	VERB
gp-365	114	14	,	,	PUNCT
gp-365	114	15	the	the	DET
gp-365	114	16	multivariate	multivariate	NOUN
gp-365	114	17	results	result	NOUN
gp-365	114	18	showed	show	VERB
gp-365	114	19	c.r	c.r	PROPN
gp-365	114	20	.	.	PROPN
gp-365	114	21	values	value	NOUN
gp-365	114	22	within	within	ADP
gp-365	114	23	normal	normal	ADJ
gp-365	114	24	limits	limit	NOUN
gp-365	114	25	.	.	PUNCT
gp-365	115	1	thus	thus	ADV
gp-365	115	2	,	,	PUNCT
gp-365	115	3	b2b	b2b	NOUN
gp-365	115	4	data	datum	NOUN
gp-365	115	5	as	as	ADP
gp-365	115	6	a	a	DET
gp-365	115	7	whole	whole	NOUN
gp-365	115	8	still	still	ADV
gp-365	115	9	meets	meet	VERB
gp-365	115	10	the	the	DET
gp-365	115	11	assumption	assumption	NOUN
gp-365	115	12	of	of	ADP
gp-365	115	13	multivariate	multivariate	NOUN
gp-365	115	14	normality	normality	NOUN
gp-365	115	15	and	and	CCONJ
gp-365	115	16	can	can	AUX
gp-365	115	17	be	be	AUX
gp-365	115	18	continued	continue	VERB
gp-365	115	19	to	to	ADP
gp-365	115	20	the	the	DET
gp-365	115	21	sem	sem	NOUN
gp-365	115	22	analysis	analysis	NOUN
gp-365	115	23	stage	stage	NOUN
gp-365	115	24	.	.	PUNCT
gp-365	116	1	path	path	NOUN
gp-365	116	2	coefficient	coefficient	PROPN
gp-365	116	3	figure	figure	NOUN
gp-365	116	4	2	2	NUM
gp-365	116	5	.	.	NOUN
gp-365	116	6	path	path	PROPN
gp-365	116	7	coefficient	coefficient	PROPN
gp-365	116	8	b2b	b2b	NOUN
gp-365	116	9	source	source	NOUN
gp-365	116	10	:	:	PUNCT
gp-365	116	11	processed	process	VERB
gp-365	116	12	by	by	ADP
gp-365	116	13	researcher	researcher	NOUN
gp-365	116	14	(	(	PUNCT
gp-365	116	15	2025	2025	NUM
gp-365	116	16	)	)	PUNCT
gp-365	116	17	social	social	ADJ
gp-365	116	18	media	medium	NOUN
gp-365	116	19	influence	influence	NOUN
gp-365	116	20	on	on	ADP
gp-365	116	21	firm	firm	ADJ
gp-365	116	22	value	value	NOUN
gp-365	116	23	with	with	ADP
gp-365	116	24	corporate	corporate	ADJ
gp-365	116	25	reputation	reputation	NOUN
gp-365	116	26	as	as	ADP
gp-365	116	27	intervening	intervene	VERB
gp-365	116	28	variable	variable	NOUN
gp-365	116	29	:	:	PUNCT
gp-365	116	30	katadata	katadata	PROPN
gp-365	116	31	esg	esg	PROPN
gp-365	116	32	index	index	NOUN
gp-365	116	33	companies	company	NOUN
gp-365	116	34	on	on	ADP
gp-365	116	35	idx	idx	PROPN
gp-365	116	36	2024	2024	NUM
gp-365	116	37	1907	1907	NUM
gp-365	116	38	the	the	DET
gp-365	116	39	following	follow	VERB
gp-365	116	40	is	be	AUX
gp-365	116	41	a	a	DET
gp-365	116	42	presentation	presentation	NOUN
gp-365	116	43	of	of	ADP
gp-365	116	44	the	the	DET
gp-365	116	45	path	path	NOUN
gp-365	116	46	coefficient	coefficient	NOUN
gp-365	116	47	in	in	ADP
gp-365	116	48	the	the	DET
gp-365	116	49	form	form	NOUN
gp-365	116	50	of	of	ADP
gp-365	116	51	a	a	DET
gp-365	116	52	table	table	NOUN
gp-365	116	53	:	:	PUNCT
gp-365	116	54	table	table	NOUN
gp-365	116	55	5	5	NUM
gp-365	116	56	.	.	PUNCT
gp-365	117	1	path	path	PROPN
gp-365	117	2	coefficient	coefficient	NOUN
gp-365	117	3	b2b	b2b	NOUN
gp-365	117	4	estimate	estimate	VERB
gp-365	117	5	s.e	s.e	PROPN
gp-365	117	6	.	.	PROPN
gp-365	117	7	c.r	c.r	PROPN
gp-365	117	8	.	.	PROPN
gp-365	118	1	p	p	PROPN
gp-365	118	2	rep	rep	PROPN
gp-365	118	3	<	<	X
gp-365	118	4	ms	ms	PROPN
gp-365	118	5	,	,	PUNCT
gp-365	118	6	204	204	NUM
gp-365	118	7	,	,	PUNCT
gp-365	118	8	084	084	NUM
gp-365	118	9	1,972	1,972	NUM
gp-365	118	10	,	,	PUNCT
gp-365	118	11	049	049	NUM
gp-365	118	12	pbv	pbv	VERB
gp-365	118	13	<	<	X
gp-365	118	14	ms	ms	PROPN
gp-365	118	15	,	,	PUNCT
gp-365	118	16	147	147	NUM
gp-365	118	17	,	,	PUNCT
gp-365	118	18	075	075	NUM
gp-365	118	19	,	,	PUNCT
gp-365	118	20	878	878	NUM
gp-365	118	21	,	,	PUNCT
gp-365	118	22	380	380	NUM
gp-365	118	23	pbv	pbv	VERB
gp-365	118	24	<	<	X
gp-365	118	25	rep	rep	PROPN
gp-365	118	26	,	,	PUNCT
gp-365	118	27	343	343	NUM
gp-365	118	28	,	,	PUNCT
gp-365	118	29	094	094	NUM
gp-365	118	30	2,222	2,222	NUM
gp-365	118	31	,	,	PUNCT
gp-365	118	32	026	026	NUM
gp-365	118	33	source	source	NOUN
gp-365	118	34	:	:	PUNCT
gp-365	118	35	processed	process	VERB
gp-365	118	36	by	by	ADP
gp-365	118	37	researcher	researcher	NOUN
gp-365	118	38	(	(	PUNCT
gp-365	118	39	2025	2025	NUM
gp-365	118	40	)	)	PUNCT
gp-365	118	41	from	from	ADP
gp-365	118	42	the	the	DET
gp-365	118	43	above	above	ADJ
gp-365	118	44	data	datum	NOUN
gp-365	118	45	,	,	PUNCT
gp-365	118	46	the	the	DET
gp-365	118	47	following	follow	VERB
gp-365	118	48	equations	equation	NOUN
gp-365	118	49	can	can	AUX
gp-365	118	50	be	be	AUX
gp-365	118	51	made	make	VERB
gp-365	118	52	:	:	PUNCT
gp-365	118	53	rep	rep	PROPN
gp-365	118	54	=	=	PROPN
gp-365	118	55	0.204(ms)+e1	0.204(ms)+e1	NUM
gp-365	118	56	pbv=0.147(ms)+0.343(rep)+e2	pbv=0.147(ms)+0.343(rep)+e2	NOUN
gp-365	118	57	1	1	NUM
gp-365	118	58	)	)	PUNCT
gp-365	118	59	the	the	DET
gp-365	118	60	influence	influence	NOUN
gp-365	118	61	of	of	ADP
gp-365	118	62	social	social	ADJ
gp-365	118	63	media	medium	NOUN
gp-365	118	64	on	on	ADP
gp-365	118	65	rep	rep	PROPN
gp-365	118	66	the	the	DET
gp-365	118	67	estimated	estimate	VERB
gp-365	118	68	value	value	NOUN
gp-365	118	69	is	be	AUX
gp-365	118	70	0.204	0.204	NUM
gp-365	118	71	,	,	PUNCT
gp-365	118	72	with	with	ADP
gp-365	118	73	a	a	DET
gp-365	118	74	c.r	c.r	PROPN
gp-365	118	75	.	.	PUNCT
gp-365	119	1	(	(	PUNCT
gp-365	119	2	critical	critical	ADJ
gp-365	119	3	ratio	ratio	NOUN
gp-365	119	4	)	)	PUNCT
gp-365	119	5	value	value	NOUN
gp-365	119	6	of	of	ADP
gp-365	119	7	1.972	1.972	NUM
gp-365	119	8	and	and	CCONJ
gp-365	119	9	a	a	DET
gp-365	119	10	p	p	NOUN
gp-365	119	11	-	-	PUNCT
gp-365	119	12	value	value	NOUN
gp-365	119	13	of	of	ADP
gp-365	119	14	0.049	0.049	NUM
gp-365	119	15	,	,	PUNCT
gp-365	119	16	which	which	PRON
gp-365	119	17	means	mean	VERB
gp-365	119	18	<	<	X
gp-365	119	19	0.05	0.05	NUM
gp-365	119	20	.	.	PUNCT
gp-365	120	1	this	this	PRON
gp-365	120	2	shows	show	VERB
gp-365	120	3	that	that	SCONJ
gp-365	120	4	social	social	ADJ
gp-365	120	5	media	medium	NOUN
gp-365	120	6	has	have	VERB
gp-365	120	7	a	a	DET
gp-365	120	8	positive	positive	ADJ
gp-365	120	9	and	and	CCONJ
gp-365	120	10	significant	significant	ADJ
gp-365	120	11	effect	effect	NOUN
gp-365	120	12	on	on	ADP
gp-365	120	13	reputation	reputation	NOUN
gp-365	120	14	.	.	PUNCT
gp-365	121	1	this	this	PRON
gp-365	121	2	means	mean	VERB
gp-365	121	3	that	that	SCONJ
gp-365	121	4	the	the	PRON
gp-365	121	5	higher	high	ADJ
gp-365	121	6	the	the	DET
gp-365	121	7	company	company	NOUN
gp-365	121	8	’s	’s	PART
gp-365	121	9	social	social	ADJ
gp-365	121	10	media	medium	NOUN
gp-365	121	11	activity	activity	NOUN
gp-365	121	12	and	and	CCONJ
gp-365	121	13	involvement	involvement	NOUN
gp-365	121	14	,	,	PUNCT
gp-365	121	15	the	the	PRON
gp-365	121	16	better	well	ADJ
gp-365	121	17	the	the	DET
gp-365	121	18	reputation	reputation	NOUN
gp-365	121	19	(	(	PUNCT
gp-365	121	20	rep	rep	NOUN
gp-365	121	21	)	)	PUNCT
gp-365	121	22	it	it	PRON
gp-365	121	23	has	have	VERB
gp-365	121	24	.	.	PUNCT
gp-365	122	1	the	the	DET
gp-365	122	2	path	path	NOUN
gp-365	122	3	equation	equation	NOUN
gp-365	122	4	can	can	AUX
gp-365	122	5	be	be	AUX
gp-365	122	6	written	write	VERB
gp-365	122	7	as	as	ADP
gp-365	122	8	:	:	PUNCT
gp-365	122	9	rep	rep	PROPN
gp-365	122	10	=	=	PROPN
gp-365	122	11	0.204(ms)+	0.204(ms)+	PROPN
gp-365	122	12	e1	e1	PROPN
gp-365	122	13	2	2	NUM
gp-365	122	14	)	)	PUNCT
gp-365	122	15	the	the	DET
gp-365	122	16	influence	influence	NOUN
gp-365	122	17	of	of	ADP
gp-365	122	18	social	social	ADJ
gp-365	122	19	media	medium	NOUN
gp-365	122	20	on	on	AUX
gp-365	122	21	pbv	pbv	VERB
gp-365	122	22	the	the	DET
gp-365	122	23	estimated	estimate	VERB
gp-365	122	24	value	value	NOUN
gp-365	122	25	was	be	AUX
gp-365	122	26	0.147	0.147	NUM
gp-365	122	27	,	,	PUNCT
gp-365	122	28	with	with	ADP
gp-365	122	29	c.r	c.r	PROPN
gp-365	122	30	.	.	PUNCT
gp-365	123	1	=	=	NUM
gp-365	123	2	0.878	0.878	NUM
gp-365	123	3	and	and	CCONJ
gp-365	123	4	p	p	NOUN
gp-365	123	5	-	-	PUNCT
gp-365	123	6	value	value	NOUN
gp-365	123	7	=	=	NOUN
gp-365	123	8	0.380	0.380	NUM
gp-365	123	9	(	(	PUNCT
gp-365	123	10	>	>	X
gp-365	123	11	0.05	0.05	NUM
gp-365	123	12	)	)	PUNCT
gp-365	123	13	.	.	PUNCT
gp-365	124	1	these	these	DET
gp-365	124	2	results	result	NOUN
gp-365	124	3	show	show	VERB
gp-365	124	4	that	that	SCONJ
gp-365	124	5	social	social	ADJ
gp-365	124	6	media	medium	NOUN
gp-365	124	7	does	do	AUX
gp-365	124	8	not	not	PART
gp-365	124	9	have	have	VERB
gp-365	124	10	a	a	DET
gp-365	124	11	significant	significant	ADJ
gp-365	124	12	effect	effect	NOUN
gp-365	124	13	on	on	ADP
gp-365	124	14	pbv	pbv	ADJ
gp-365	124	15	.	.	PUNCT
gp-365	125	1	this	this	PRON
gp-365	125	2	means	mean	VERB
gp-365	125	3	that	that	SCONJ
gp-365	125	4	social	social	ADJ
gp-365	125	5	media	media	NOUN
gp-365	125	6	activities	activity	NOUN
gp-365	125	7	have	have	AUX
gp-365	125	8	not	not	PART
gp-365	125	9	been	be	AUX
gp-365	125	10	able	able	ADJ
gp-365	125	11	to	to	PART
gp-365	125	12	increase	increase	VERB
gp-365	125	13	company	company	NOUN
gp-365	125	14	value	value	NOUN
gp-365	125	15	(	(	PUNCT
gp-365	125	16	pbv	pbv	VERB
gp-365	125	17	)	)	PUNCT
gp-365	125	18	in	in	ADP
gp-365	125	19	the	the	DET
gp-365	125	20	b2b	b2b	NOUN
gp-365	125	21	model	model	NOUN
gp-365	125	22	.	.	PUNCT
gp-365	126	1	the	the	DET
gp-365	126	2	equation	equation	NOUN
gp-365	126	3	is	be	AUX
gp-365	126	4	written	write	VERB
gp-365	126	5	as	as	ADP
gp-365	126	6	:	:	PUNCT
gp-365	126	7	pbv=0.147(ms)+	pbv=0.147(ms)+	PROPN
gp-365	126	8	e2	e2	PROPN
gp-365	126	9	3	3	NUM
gp-365	126	10	)	)	PUNCT
gp-365	126	11	effect	effect	NOUN
gp-365	126	12	of	of	ADP
gp-365	126	13	rep	rep	PROPN
gp-365	126	14	on	on	AUX
gp-365	126	15	pbv	pbv	VERB
gp-365	126	16	the	the	DET
gp-365	126	17	estimated	estimate	VERB
gp-365	126	18	value	value	NOUN
gp-365	126	19	is	be	AUX
gp-365	126	20	0.343	0.343	NUM
gp-365	126	21	,	,	PUNCT
gp-365	126	22	with	with	ADP
gp-365	126	23	c.r	c.r	PROPN
gp-365	126	24	.	.	PUNCT
gp-365	127	1	=	=	PROPN
gp-365	127	2	2.222	2.222	NUM
gp-365	127	3	and	and	CCONJ
gp-365	127	4	p	p	NOUN
gp-365	127	5	-	-	PUNCT
gp-365	127	6	value	value	NOUN
gp-365	127	7	=	=	NOUN
gp-365	127	8	0.026	0.026	NUM
gp-365	127	9	,	,	PUNCT
gp-365	127	10	which	which	PRON
gp-365	127	11	means	mean	VERB
gp-365	127	12	<	<	X
gp-365	127	13	0.05	0.05	NUM
gp-365	127	14	.	.	PUNCT
gp-365	128	1	this	this	PRON
gp-365	128	2	shows	show	VERB
gp-365	128	3	that	that	SCONJ
gp-365	128	4	reputation	reputation	NOUN
gp-365	128	5	(	(	PUNCT
gp-365	128	6	rep	rep	NOUN
gp-365	128	7	)	)	PUNCT
gp-365	128	8	has	have	VERB
gp-365	128	9	a	a	DET
gp-365	128	10	positive	positive	ADJ
gp-365	128	11	and	and	CCONJ
gp-365	128	12	significant	significant	ADJ
gp-365	128	13	effect	effect	NOUN
gp-365	128	14	on	on	ADP
gp-365	128	15	pbv	pbv	ADJ
gp-365	128	16	.	.	PUNCT
gp-365	129	1	this	this	PRON
gp-365	129	2	means	mean	VERB
gp-365	129	3	that	that	SCONJ
gp-365	129	4	the	the	DET
gp-365	129	5	better	well	ADJ
gp-365	129	6	the	the	DET
gp-365	129	7	reputation	reputation	NOUN
gp-365	129	8	(	(	PUNCT
gp-365	129	9	rep	rep	NOUN
gp-365	129	10	)	)	PUNCT
gp-365	129	11	that	that	SCONJ
gp-365	129	12	the	the	DET
gp-365	129	13	company	company	NOUN
gp-365	129	14	runs	run	VERB
gp-365	129	15	,	,	PUNCT
gp-365	129	16	the	the	PRON
gp-365	129	17	higher	high	ADJ
gp-365	129	18	the	the	DET
gp-365	129	19	company	company	NOUN
gp-365	129	20	’s	’s	PART
gp-365	129	21	value	value	NOUN
gp-365	129	22	which	which	PRON
gp-365	129	23	is	be	AUX
gp-365	129	24	reflected	reflect	VERB
gp-365	129	25	in	in	ADP
gp-365	129	26	the	the	DET
gp-365	129	27	pbv	pbv	ADJ
gp-365	129	28	ratio	ratio	NOUN
gp-365	129	29	.	.	PUNCT
gp-365	130	1	the	the	DET
gp-365	130	2	equation	equation	NOUN
gp-365	130	3	:	:	PUNCT
gp-365	130	4	pbv=0.343(rep)+	pbv=0.343(rep)+	NOUN
gp-365	130	5	e2	e2	PROPN
gp-365	130	6	figure	figure	NOUN
gp-365	130	7	3	3	NUM
gp-365	130	8	.	.	PUNCT
gp-365	130	9	path	path	PROPN
gp-365	130	10	coefficient	coefficient	PROPN
gp-365	130	11	b2c	b2c	PROPN
gp-365	130	12	source	source	NOUN
gp-365	130	13	:	:	PUNCT
gp-365	130	14	processed	process	VERB
gp-365	130	15	by	by	ADP
gp-365	130	16	researcher	researcher	NOUN
gp-365	130	17	(	(	PUNCT
gp-365	130	18	2025	2025	NUM
gp-365	130	19	)	)	PUNCT
gp-365	130	20	social	social	ADJ
gp-365	130	21	media	medium	NOUN
gp-365	130	22	influence	influence	NOUN
gp-365	130	23	on	on	ADP
gp-365	130	24	firm	firm	ADJ
gp-365	130	25	value	value	NOUN
gp-365	130	26	with	with	ADP
gp-365	130	27	corporate	corporate	ADJ
gp-365	130	28	reputation	reputation	NOUN
gp-365	130	29	as	as	ADP
gp-365	130	30	intervening	intervene	VERB
gp-365	130	31	variable	variable	NOUN
gp-365	130	32	:	:	PUNCT
gp-365	130	33	katadata	katadata	PROPN
gp-365	130	34	esg	esg	PROPN
gp-365	130	35	index	index	NOUN
gp-365	130	36	companies	company	NOUN
gp-365	130	37	on	on	ADP
gp-365	130	38	idx	idx	PROPN
gp-365	130	39	2024	2024	NUM
gp-365	130	40	1908	1908	NUM
gp-365	130	41	the	the	DET
gp-365	130	42	following	follow	VERB
gp-365	130	43	is	be	AUX
gp-365	130	44	a	a	DET
gp-365	130	45	presentation	presentation	NOUN
gp-365	130	46	of	of	ADP
gp-365	130	47	the	the	DET
gp-365	130	48	path	path	NOUN
gp-365	130	49	coefficient	coefficient	NOUN
gp-365	130	50	in	in	ADP
gp-365	130	51	the	the	DET
gp-365	130	52	form	form	NOUN
gp-365	130	53	of	of	ADP
gp-365	130	54	a	a	DET
gp-365	130	55	table	table	NOUN
gp-365	130	56	:	:	PUNCT
gp-365	130	57	table	table	NOUN
gp-365	130	58	6	6	NUM
gp-365	130	59	.	.	PUNCT
gp-365	131	1	path	path	PROPN
gp-365	131	2	coefficient	coefficient	PROPN
gp-365	131	3	b2c	b2c	PROPN
gp-365	131	4	estimate	estimate	VERB
gp-365	131	5	s.e	s.e	PROPN
gp-365	131	6	.	.	PROPN
gp-365	131	7	c.r	c.r	PROPN
gp-365	131	8	.	.	PROPN
gp-365	132	1	p	p	PROPN
gp-365	132	2	rep	rep	PROPN
gp-365	132	3	<	<	X
gp-365	132	4	ms	ms	PROPN
gp-365	132	5	,	,	PUNCT
gp-365	132	6	245	245	NUM
gp-365	132	7	,	,	PUNCT
gp-365	132	8	162	162	NUM
gp-365	132	9	1,511	1,511	NUM
gp-365	132	10	,	,	PUNCT
gp-365	132	11	131	131	NUM
gp-365	132	12	pbv	pbv	VERB
gp-365	132	13	<	<	X
gp-365	132	14	ms	ms	PROPN
gp-365	132	15	1,040	1,040	NUM
gp-365	132	16	,	,	PUNCT
gp-365	132	17	150	150	NUM
gp-365	132	18	3,078	3,078	NUM
gp-365	132	19	,	,	PUNCT
gp-365	132	20	002	002	NUM
gp-365	132	21	pbv	pbv	VERB
gp-365	132	22	<	<	X
gp-365	132	23	rep	rep	NOUN
gp-365	132	24	,	,	PUNCT
gp-365	132	25	254	254	NUM
gp-365	132	26	,	,	PUNCT
gp-365	132	27	310	310	NUM
gp-365	132	28	,	,	PUNCT
gp-365	132	29	821	821	NUM
gp-365	132	30	,	,	PUNCT
gp-365	132	31	412	412	NUM
gp-365	132	32	source	source	NOUN
gp-365	132	33	:	:	PUNCT
gp-365	132	34	processed	process	VERB
gp-365	132	35	by	by	ADP
gp-365	132	36	researcher	researcher	NOUN
gp-365	132	37	(	(	PUNCT
gp-365	132	38	2025	2025	NUM
gp-365	132	39	)	)	PUNCT
gp-365	132	40	from	from	ADP
gp-365	132	41	the	the	DET
gp-365	132	42	above	above	ADJ
gp-365	132	43	data	datum	NOUN
gp-365	132	44	,	,	PUNCT
gp-365	132	45	the	the	DET
gp-365	132	46	following	follow	VERB
gp-365	132	47	equations	equation	NOUN
gp-365	132	48	can	can	AUX
gp-365	132	49	be	be	AUX
gp-365	132	50	made	make	VERB
gp-365	132	51	:	:	PUNCT
gp-365	132	52	rep	rep	PROPN
gp-365	132	53	=	=	PROPN
gp-365	132	54	0.245(ms)+e1	0.245(ms)+e1	X
gp-365	132	55	pbv=1.040(ms)+0.254(rep)+e2	pbv=1.040(ms)+0.254(rep)+e2	NOUN
gp-365	132	56	1	1	NUM
gp-365	132	57	)	)	PUNCT
gp-365	132	58	the	the	DET
gp-365	132	59	influence	influence	NOUN
gp-365	132	60	of	of	ADP
gp-365	132	61	social	social	ADJ
gp-365	132	62	media	medium	NOUN
gp-365	132	63	on	on	ADP
gp-365	132	64	rep	rep	PROPN
gp-365	132	65	the	the	DET
gp-365	132	66	estimated	estimate	VERB
gp-365	132	67	value	value	NOUN
gp-365	132	68	is	be	AUX
gp-365	132	69	0.245	0.245	NUM
gp-365	132	70	,	,	PUNCT
gp-365	132	71	with	with	ADP
gp-365	132	72	a	a	DET
gp-365	132	73	c.r	c.r	PROPN
gp-365	132	74	.	.	PUNCT
gp-365	133	1	(	(	PUNCT
gp-365	133	2	critical	critical	ADJ
gp-365	133	3	ratio	ratio	NOUN
gp-365	133	4	)	)	PUNCT
gp-365	133	5	of	of	ADP
gp-365	133	6	1.511	1.511	NUM
gp-365	133	7	and	and	CCONJ
gp-365	133	8	a	a	DET
gp-365	133	9	p	p	NOUN
gp-365	133	10	-	-	PUNCT
gp-365	133	11	value	value	NOUN
gp-365	133	12	of	of	ADP
gp-365	133	13	0.131	0.131	NUM
gp-365	133	14	,	,	PUNCT
gp-365	133	15	which	which	PRON
gp-365	133	16	means	mean	VERB
gp-365	133	17	it	it	PRON
gp-365	133	18	is	be	AUX
gp-365	133	19	greater	great	ADJ
gp-365	133	20	than	than	ADP
gp-365	133	21	0.05	0.05	NUM
gp-365	133	22	.	.	PUNCT
gp-365	134	1	thus	thus	ADV
gp-365	134	2	,	,	PUNCT
gp-365	134	3	social	social	ADJ
gp-365	134	4	media	medium	NOUN
gp-365	134	5	has	have	VERB
gp-365	134	6	a	a	DET
gp-365	134	7	positive	positive	ADJ
gp-365	134	8	but	but	CCONJ
gp-365	134	9	not	not	PART
gp-365	134	10	significant	significant	ADJ
gp-365	134	11	effect	effect	NOUN
gp-365	134	12	on	on	ADP
gp-365	134	13	rep	rep	PROPN
gp-365	134	14	.	.	PROPN
gp-365	135	1	this	this	PRON
gp-365	135	2	means	mean	VERB
gp-365	135	3	that	that	SCONJ
gp-365	135	4	the	the	DET
gp-365	135	5	increase	increase	NOUN
gp-365	135	6	in	in	ADP
gp-365	135	7	corporate	corporate	ADJ
gp-365	135	8	social	social	ADJ
gp-365	135	9	media	medium	NOUN
gp-365	135	10	activity	activity	NOUN
gp-365	135	11	is	be	AUX
gp-365	135	12	not	not	PART
gp-365	135	13	strong	strong	ADJ
gp-365	135	14	enough	enough	ADV
gp-365	135	15	to	to	PART
gp-365	135	16	significantly	significantly	ADV
gp-365	135	17	increase	increase	VERB
gp-365	135	18	reputation	reputation	NOUN
gp-365	135	19	(	(	PUNCT
gp-365	135	20	rep	rep	NOUN
gp-365	135	21	)	)	PUNCT
gp-365	135	22	in	in	ADP
gp-365	135	23	the	the	DET
gp-365	135	24	b2c	b2c	PROPN
gp-365	135	25	model	model	NOUN
gp-365	135	26	.	.	PUNCT
gp-365	136	1	the	the	DET
gp-365	136	2	similarity	similarity	NOUN
gp-365	136	3	of	of	ADP
gp-365	136	4	the	the	DET
gp-365	136	5	path	path	NOUN
gp-365	136	6	can	can	AUX
gp-365	136	7	be	be	AUX
gp-365	136	8	written	write	VERB
gp-365	136	9	as	as	ADP
gp-365	136	10	:	:	PUNCT
gp-365	136	11	rep	rep	PROPN
gp-365	136	12	=	=	PROPN
gp-365	136	13	0.245(ms)+e1	0.245(ms)+e1	X
gp-365	136	14	2	2	X
gp-365	136	15	)	)	PUNCT
gp-365	136	16	the	the	DET
gp-365	136	17	influence	influence	NOUN
gp-365	136	18	of	of	ADP
gp-365	136	19	social	social	ADJ
gp-365	136	20	media	medium	NOUN
gp-365	136	21	on	on	AUX
gp-365	136	22	pbv	pbv	VERB
gp-365	136	23	the	the	DET
gp-365	136	24	estimated	estimate	VERB
gp-365	136	25	value	value	NOUN
gp-365	136	26	is	be	AUX
gp-365	136	27	1.040	1.040	NUM
gp-365	136	28	,	,	PUNCT
gp-365	136	29	with	with	ADP
gp-365	136	30	a	a	DET
gp-365	136	31	c.r	c.r	PROPN
gp-365	136	32	.	.	PROPN
gp-365	136	33	of	of	ADP
gp-365	136	34	3.078	3.078	NUM
gp-365	136	35	and	and	CCONJ
gp-365	136	36	a	a	DET
gp-365	136	37	p	p	NOUN
gp-365	136	38	-	-	PUNCT
gp-365	136	39	value	value	NOUN
gp-365	136	40	of	of	ADP
gp-365	136	41	0.002	0.002	NUM
gp-365	136	42	,	,	PUNCT
gp-365	136	43	which	which	PRON
gp-365	136	44	means	mean	VERB
gp-365	136	45	<	<	X
gp-365	136	46	0.05	0.05	NUM
gp-365	136	47	.	.	PUNCT
gp-365	137	1	this	this	PRON
gp-365	137	2	shows	show	VERB
gp-365	137	3	that	that	SCONJ
gp-365	137	4	social	social	ADJ
gp-365	137	5	media	medium	NOUN
gp-365	137	6	has	have	VERB
gp-365	137	7	a	a	DET
gp-365	137	8	positive	positive	ADJ
gp-365	137	9	and	and	CCONJ
gp-365	137	10	significant	significant	ADJ
gp-365	137	11	effect	effect	NOUN
gp-365	137	12	on	on	ADP
gp-365	137	13	pbv	pbv	ADJ
gp-365	137	14	.	.	PUNCT
gp-365	138	1	this	this	PRON
gp-365	138	2	means	mean	VERB
gp-365	138	3	that	that	SCONJ
gp-365	138	4	the	the	DET
gp-365	138	5	more	more	ADV
gp-365	138	6	active	active	ADJ
gp-365	138	7	and	and	CCONJ
gp-365	138	8	effective	effective	ADJ
gp-365	138	9	the	the	DET
gp-365	138	10	use	use	NOUN
gp-365	138	11	of	of	ADP
gp-365	138	12	social	social	ADJ
gp-365	138	13	media	medium	NOUN
gp-365	138	14	by	by	ADP
gp-365	138	15	the	the	DET
gp-365	138	16	company	company	NOUN
gp-365	138	17	,	,	PUNCT
gp-365	138	18	the	the	PRON
gp-365	138	19	more	more	ADV
gp-365	138	20	the	the	DET
gp-365	138	21	company	company	NOUN
gp-365	138	22	’s	’s	PART
gp-365	138	23	value	value	NOUN
gp-365	138	24	is	be	AUX
gp-365	138	25	reflected	reflect	VERB
gp-365	138	26	through	through	ADP
gp-365	138	27	pbv	pbv	NOUN
gp-365	138	28	.	.	PUNCT
gp-365	139	1	the	the	DET
gp-365	139	2	equation	equation	NOUN
gp-365	139	3	can	can	AUX
gp-365	139	4	be	be	AUX
gp-365	139	5	written	write	VERB
gp-365	139	6	as	as	ADP
gp-365	139	7	:	:	PUNCT
gp-365	139	8	pbv=1,040(ms)+e2	pbv=1,040(ms)+e2	NOUN
gp-365	139	9	3	3	NUM
gp-365	139	10	)	)	PUNCT
gp-365	139	11	effect	effect	NOUN
gp-365	139	12	of	of	ADP
gp-365	139	13	rep	rep	PROPN
gp-365	139	14	on	on	AUX
gp-365	139	15	pbv	pbv	VERB
gp-365	139	16	the	the	DET
gp-365	139	17	estimated	estimate	VERB
gp-365	139	18	value	value	NOUN
gp-365	139	19	is	be	AUX
gp-365	139	20	0.254	0.254	NUM
gp-365	139	21	,	,	PUNCT
gp-365	139	22	with	with	ADP
gp-365	139	23	a	a	DET
gp-365	139	24	c.r	c.r	PROPN
gp-365	139	25	.	.	PROPN
gp-365	139	26	of	of	ADP
gp-365	139	27	0.821	0.821	NUM
gp-365	139	28	and	and	CCONJ
gp-365	139	29	a	a	DET
gp-365	139	30	p	p	NOUN
gp-365	139	31	-	-	PUNCT
gp-365	139	32	value	value	NOUN
gp-365	139	33	of	of	ADP
gp-365	139	34	0.412	0.412	NUM
gp-365	139	35	,	,	PUNCT
gp-365	139	36	which	which	PRON
gp-365	139	37	means	mean	VERB
gp-365	139	38	it	it	PRON
gp-365	139	39	is	be	AUX
gp-365	139	40	greater	great	ADJ
gp-365	139	41	than	than	ADP
gp-365	139	42	0.05	0.05	NUM
gp-365	139	43	.	.	PUNCT
gp-365	140	1	therefore	therefore	ADV
gp-365	140	2	,	,	PUNCT
gp-365	140	3	it	it	PRON
gp-365	140	4	can	can	AUX
gp-365	140	5	be	be	AUX
gp-365	140	6	concluded	conclude	VERB
gp-365	140	7	that	that	SCONJ
gp-365	140	8	rep	rep	PROPN
gp-365	140	9	has	have	VERB
gp-365	140	10	a	a	DET
gp-365	140	11	positive	positive	ADJ
gp-365	140	12	but	but	CCONJ
gp-365	140	13	insignificant	insignificant	ADJ
gp-365	140	14	effect	effect	NOUN
gp-365	140	15	on	on	ADP
gp-365	140	16	pbv	pbv	ADJ
gp-365	140	17	.	.	PUNCT
gp-365	141	1	this	this	PRON
gp-365	141	2	means	mean	VERB
gp-365	141	3	that	that	SCONJ
gp-365	141	4	reputation	reputation	NOUN
gp-365	141	5	enhancement	enhancement	NOUN
gp-365	141	6	(	(	PUNCT
gp-365	141	7	rep	rep	NOUN
gp-365	141	8	)	)	PUNCT
gp-365	141	9	has	have	AUX
gp-365	141	10	not	not	PART
gp-365	141	11	been	be	AUX
gp-365	141	12	able	able	ADJ
gp-365	141	13	to	to	PART
gp-365	141	14	have	have	VERB
gp-365	141	15	a	a	DET
gp-365	141	16	significant	significant	ADJ
gp-365	141	17	direct	direct	ADJ
gp-365	141	18	impact	impact	NOUN
gp-365	141	19	on	on	ADP
gp-365	141	20	company	company	NOUN
gp-365	141	21	value	value	NOUN
gp-365	141	22	(	(	PUNCT
gp-365	141	23	pbv	pbv	VERB
gp-365	141	24	)	)	PUNCT
gp-365	141	25	in	in	ADP
gp-365	141	26	the	the	DET
gp-365	141	27	b2c	b2c	PROPN
gp-365	141	28	model	model	NOUN
gp-365	141	29	.	.	PUNCT
gp-365	142	1	the	the	DET
gp-365	142	2	equation	equation	NOUN
gp-365	142	3	is	be	AUX
gp-365	142	4	:	:	PUNCT
gp-365	142	5	pbv=0.254(rep)+e2	pbv=0.254(rep)+e2	PROPN
gp-365	142	6	sobel	sobel	PROPN
gp-365	142	7	test	test	NOUN
gp-365	142	8	figure	figure	NOUN
gp-365	142	9	4	4	NUM
gp-365	142	10	.	.	PUNCT
gp-365	142	11	sobel	sobel	PROPN
gp-365	142	12	test	test	PROPN
gp-365	142	13	b2c	b2c	PROPN
gp-365	142	14	companies	company	NOUN
gp-365	142	15	source	source	NOUN
gp-365	142	16	:	:	PUNCT
gp-365	142	17	processed	process	VERB
gp-365	142	18	by	by	ADP
gp-365	142	19	researcher	researcher	NOUN
gp-365	142	20	(	(	PUNCT
gp-365	142	21	2025	2025	NUM
gp-365	142	22	)	)	PUNCT
gp-365	142	23	based	base	VERB
gp-365	142	24	on	on	ADP
gp-365	142	25	the	the	DET
gp-365	142	26	results	result	NOUN
gp-365	142	27	of	of	ADP
gp-365	142	28	the	the	DET
gp-365	142	29	mediation	mediation	NOUN
gp-365	142	30	test	test	NOUN
gp-365	142	31	using	use	VERB
gp-365	142	32	the	the	DET
gp-365	142	33	sobel	sobel	NOUN
gp-365	142	34	test	test	NOUN
gp-365	142	35	,	,	PUNCT
gp-365	142	36	a	a	DET
gp-365	142	37	statistical	statistical	ADJ
gp-365	142	38	test	test	NOUN
gp-365	142	39	value	value	NOUN
gp-365	142	40	of	of	ADP
gp-365	142	41	0.720	0.720	NUM
gp-365	142	42	with	with	ADP
gp-365	142	43	a	a	DET
gp-365	142	44	p	p	NOUN
gp-365	142	45	-	-	PUNCT
gp-365	142	46	value	value	NOUN
gp-365	142	47	of	of	ADP
gp-365	142	48	0.471	0.471	NUM
gp-365	142	49	was	be	AUX
gp-365	142	50	obtained	obtain	VERB
gp-365	142	51	.	.	PUNCT
gp-365	143	1	the	the	DET
gp-365	143	2	value	value	NOUN
gp-365	143	3	is	be	AUX
gp-365	143	4	greater	great	ADJ
gp-365	143	5	than	than	ADP
gp-365	143	6	the	the	DET
gp-365	143	7	significance	significance	NOUN
gp-365	143	8	level	level	NOUN
gp-365	143	9	of	of	ADP
gp-365	143	10	0.05	0.05	NUM
gp-365	143	11	,	,	PUNCT
gp-365	143	12	so	so	SCONJ
gp-365	143	13	it	it	PRON
gp-365	143	14	can	can	AUX
gp-365	143	15	be	be	AUX
gp-365	143	16	concluded	conclude	VERB
gp-365	143	17	that	that	SCONJ
gp-365	143	18	the	the	DET
gp-365	143	19	indirect	indirect	ADJ
gp-365	143	20	influence	influence	NOUN
gp-365	143	21	of	of	ADP
gp-365	143	22	social	social	ADJ
gp-365	143	23	media	medium	NOUN
gp-365	143	24	variables	variable	NOUN
gp-365	143	25	on	on	ADP
gp-365	143	26	company	company	NOUN
gp-365	143	27	social	social	ADJ
gp-365	143	28	media	medium	NOUN
gp-365	143	29	influence	influence	NOUN
gp-365	143	30	on	on	ADP
gp-365	143	31	firm	firm	ADJ
gp-365	143	32	value	value	NOUN
gp-365	143	33	with	with	ADP
gp-365	143	34	corporate	corporate	ADJ
gp-365	143	35	reputation	reputation	NOUN
gp-365	143	36	as	as	ADP
gp-365	143	37	intervening	intervene	VERB
gp-365	143	38	variable	variable	NOUN
gp-365	143	39	:	:	PUNCT
gp-365	143	40	katadata	katadata	PROPN
gp-365	143	41	esg	esg	PROPN
gp-365	143	42	index	index	NOUN
gp-365	143	43	companies	company	NOUN
gp-365	143	44	on	on	ADP
gp-365	143	45	idx	idx	PROPN
gp-365	143	46	2024	2024	NUM
gp-365	143	47	1909	1909	NUM
gp-365	143	48	value	value	NOUN
gp-365	143	49	through	through	ADP
gp-365	143	50	company	company	NOUN
gp-365	143	51	reputation	reputation	NOUN
gp-365	143	52	is	be	AUX
gp-365	143	53	not	not	PART
gp-365	143	54	statistically	statistically	ADV
gp-365	143	55	significant	significant	ADJ
gp-365	143	56	.	.	PUNCT
gp-365	144	1	the	the	DET
gp-365	144	2	results	result	NOUN
gp-365	144	3	of	of	ADP
gp-365	144	4	the	the	DET
gp-365	144	5	aroian	aroian	NOUN
gp-365	144	6	and	and	CCONJ
gp-365	144	7	goodman	goodman	PROPN
gp-365	144	8	tests	test	NOUN
gp-365	144	9	also	also	ADV
gp-365	144	10	showed	show	VERB
gp-365	144	11	p	p	NOUN
gp-365	144	12	-	-	PUNCT
gp-365	144	13	values	value	NOUN
gp-365	144	14	of	of	ADP
gp-365	144	15	0.533	0.533	NUM
gp-365	144	16	and	and	CCONJ
gp-365	144	17	0.376	0.376	NUM
gp-365	144	18	,	,	PUNCT
gp-365	144	19	respectively	respectively	ADV
gp-365	144	20	,	,	PUNCT
gp-365	144	21	all	all	PRON
gp-365	144	22	of	of	ADP
gp-365	144	23	which	which	PRON
gp-365	144	24	were	be	AUX
gp-365	144	25	above	above	ADP
gp-365	144	26	the	the	DET
gp-365	144	27	significance	significance	NOUN
gp-365	144	28	threshold	threshold	NOUN
gp-365	144	29	of	of	ADP
gp-365	144	30	0.05	0.05	NUM
gp-365	144	31	.	.	PUNCT
gp-365	145	1	thus	thus	ADV
gp-365	145	2	,	,	PUNCT
gp-365	145	3	it	it	PRON
gp-365	145	4	can	can	AUX
gp-365	145	5	be	be	AUX
gp-365	145	6	concluded	conclude	VERB
gp-365	145	7	that	that	SCONJ
gp-365	145	8	company	company	NOUN
gp-365	145	9	reputation	reputation	NOUN
gp-365	145	10	does	do	AUX
gp-365	145	11	not	not	PART
gp-365	145	12	play	play	VERB
gp-365	145	13	a	a	DET
gp-365	145	14	significant	significant	ADJ
gp-365	145	15	mediating	mediate	VERB
gp-365	145	16	variable	variable	NOUN
gp-365	145	17	in	in	ADP
gp-365	145	18	the	the	DET
gp-365	145	19	relationship	relationship	NOUN
gp-365	145	20	between	between	ADP
gp-365	145	21	social	social	ADJ
gp-365	145	22	media	medium	NOUN
gp-365	145	23	and	and	CCONJ
gp-365	145	24	company	company	NOUN
gp-365	145	25	value	value	NOUN
gp-365	145	26	in	in	ADP
gp-365	145	27	the	the	DET
gp-365	145	28	context	context	NOUN
gp-365	145	29	of	of	ADP
gp-365	145	30	b2c	b2c	ADJ
gp-365	145	31	companies	company	NOUN
gp-365	145	32	.	.	PUNCT
gp-365	146	1	although	although	SCONJ
gp-365	146	2	the	the	DET
gp-365	146	3	pathways	pathway	NOUN
gp-365	146	4	of	of	ADP
gp-365	146	5	social	social	ADJ
gp-365	146	6	media	medium	NOUN
gp-365	146	7	influence	influence	NOUN
gp-365	146	8	on	on	ADP
gp-365	146	9	company	company	NOUN
gp-365	146	10	reputation	reputation	NOUN
gp-365	146	11	(	(	PUNCT
gp-365	146	12	a	a	DET
gp-365	146	13	=	=	NOUN
gp-365	146	14	0.245	0.245	NUM
gp-365	146	15	)	)	PUNCT
gp-365	146	16	and	and	CCONJ
gp-365	146	17	company	company	NOUN
gp-365	146	18	reputation	reputation	NOUN
gp-365	146	19	on	on	ADP
gp-365	146	20	company	company	NOUN
gp-365	146	21	value	value	NOUN
gp-365	146	22	(	(	PUNCT
gp-365	146	23	b	b	NOUN
gp-365	146	24	=	=	NOUN
gp-365	146	25	0.254	0.254	NUM
gp-365	146	26	)	)	PUNCT
gp-365	146	27	were	be	AUX
gp-365	146	28	both	both	ADV
gp-365	146	29	positive	positive	ADJ
gp-365	146	30	,	,	PUNCT
gp-365	146	31	the	the	DET
gp-365	146	32	strength	strength	NOUN
gp-365	146	33	of	of	ADP
gp-365	146	34	the	the	DET
gp-365	146	35	relationship	relationship	NOUN
gp-365	146	36	between	between	ADP
gp-365	146	37	these	these	DET
gp-365	146	38	variables	variable	NOUN
gp-365	146	39	was	be	AUX
gp-365	146	40	not	not	PART
gp-365	146	41	large	large	ADJ
gp-365	146	42	enough	enough	ADV
gp-365	146	43	to	to	PART
gp-365	146	44	produce	produce	VERB
gp-365	146	45	a	a	DET
gp-365	146	46	significant	significant	ADJ
gp-365	146	47	mediating	mediate	VERB
gp-365	146	48	effect	effect	NOUN
gp-365	146	49	.	.	PUNCT
gp-365	147	1	figure	figure	NOUN
gp-365	147	2	5	5	NUM
gp-365	147	3	.	.	PUNCT
gp-365	147	4	sobel	sobel	PROPN
gp-365	147	5	test	test	PROPN
gp-365	147	6	b2b	b2b	PROPN
gp-365	147	7	company	company	NOUN
gp-365	147	8	source	source	NOUN
gp-365	147	9	:	:	PUNCT
gp-365	147	10	processed	process	VERB
gp-365	147	11	by	by	ADP
gp-365	147	12	researcher	researcher	NOUN
gp-365	147	13	(	(	PUNCT
gp-365	147	14	2025	2025	NUM
gp-365	147	15	)	)	PUNCT
gp-365	147	16	based	base	VERB
gp-365	147	17	on	on	ADP
gp-365	147	18	the	the	DET
gp-365	147	19	calculation	calculation	NOUN
gp-365	147	20	of	of	ADP
gp-365	147	21	the	the	DET
gp-365	147	22	mediation	mediation	NOUN
gp-365	147	23	test	test	NOUN
gp-365	147	24	,	,	PUNCT
gp-365	147	25	the	the	DET
gp-365	147	26	path	path	NOUN
gp-365	147	27	coefficient	coefficient	NOUN
gp-365	147	28	was	be	AUX
gp-365	147	29	obtained	obtain	VERB
gp-365	147	30	of	of	ADP
gp-365	147	31	a	a	DET
gp-365	147	32	=	=	SYM
gp-365	147	33	0.204	0.204	NUM
gp-365	147	34	(	(	PUNCT
gp-365	147	35	the	the	DET
gp-365	147	36	influence	influence	NOUN
gp-365	147	37	of	of	ADP
gp-365	147	38	social	social	ADJ
gp-365	147	39	media	medium	NOUN
gp-365	147	40	→	→	SYM
gp-365	147	41	reputation	reputation	NOUN
gp-365	147	42	)	)	PUNCT
gp-365	147	43	and	and	CCONJ
gp-365	147	44	b	b	X
gp-365	147	45	=	=	SYM
gp-365	147	46	0.343	0.343	NUM
gp-365	147	47	(	(	PUNCT
gp-365	147	48	the	the	DET
gp-365	147	49	influence	influence	NOUN
gp-365	147	50	of	of	ADP
gp-365	147	51	reputation	reputation	NOUN
gp-365	147	52	→	→	SYM
gp-365	147	53	company	company	NOUN
gp-365	147	54	value	value	NOUN
gp-365	147	55	)	)	PUNCT
gp-365	147	56	.	.	PUNCT
gp-365	148	1	the	the	DET
gp-365	148	2	results	result	NOUN
gp-365	148	3	of	of	ADP
gp-365	148	4	the	the	DET
gp-365	148	5	sobel	sobel	NOUN
gp-365	148	6	test	test	NOUN
gp-365	148	7	showed	show	VERB
gp-365	148	8	that	that	SCONJ
gp-365	148	9	the	the	DET
gp-365	148	10	test	test	NOUN
gp-365	148	11	statistic	statistic	NOUN
gp-365	148	12	z	z	PROPN
gp-365	148	13	=	=	NOUN
gp-365	148	14	2.022	2.022	NUM
gp-365	148	15	with	with	ADP
gp-365	148	16	pvalue	pvalue	NOUN
gp-365	148	17	=	=	NOUN
gp-365	148	18	0.043	0.043	NUM
gp-365	148	19	,	,	PUNCT
gp-365	148	20	so	so	SCONJ
gp-365	148	21	that	that	SCONJ
gp-365	148	22	the	the	DET
gp-365	148	23	indirect	indirect	ADJ
gp-365	148	24	effect	effect	NOUN
gp-365	148	25	of	of	ADP
gp-365	148	26	social	social	ADJ
gp-365	148	27	media	medium	NOUN
gp-365	148	28	on	on	ADP
gp-365	148	29	the	the	DET
gp-365	148	30	company	company	NOUN
gp-365	148	31	’s	’s	PART
gp-365	148	32	value	value	NOUN
gp-365	148	33	through	through	ADP
gp-365	148	34	reputation	reputation	NOUN
gp-365	148	35	was	be	AUX
gp-365	148	36	significant	significant	ADJ
gp-365	148	37	at	at	ADP
gp-365	148	38	α	α	X
gp-365	148	39	=	=	NOUN
gp-365	148	40	0.05	0.05	NUM
gp-365	148	41	.	.	PUNCT
gp-365	149	1	additional	additional	ADJ
gp-365	149	2	test	test	NOUN
gp-365	149	3	results	result	NOUN
gp-365	149	4	also	also	ADV
gp-365	149	5	support	support	VERB
gp-365	149	6	these	these	DET
gp-365	149	7	findings	finding	NOUN
gp-365	149	8	:	:	PUNCT
gp-365	149	9	aroian	aroian	ADJ
gp-365	149	10	test	test	NOUN
gp-365	149	11	z	z	PROPN
gp-365	150	1	=	=	SYM
gp-365	150	2	1.971	1.971	NUM
gp-365	150	3	(	(	PUNCT
gp-365	150	4	p	p	X
gp-365	150	5	=	=	NOUN
gp-365	150	6	0.049	0.049	NUM
gp-365	150	7	)	)	PUNCT
gp-365	150	8	and	and	CCONJ
gp-365	150	9	goodman	goodman	PROPN
gp-365	150	10	test	test	NOUN
gp-365	150	11	z	z	PROPN
gp-365	151	1	=	=	PUNCT
gp-365	151	2	2.076	2.076	NUM
gp-365	151	3	(	(	PUNCT
gp-365	151	4	p	p	X
gp-365	151	5	=	=	NOUN
gp-365	151	6	0.038	0.038	NUM
gp-365	151	7	)	)	PUNCT
gp-365	151	8	,	,	PUNCT
gp-365	151	9	both	both	CCONJ
gp-365	151	10	below	below	ADP
gp-365	151	11	the	the	DET
gp-365	151	12	significance	significance	NOUN
gp-365	151	13	threshold	threshold	NOUN
gp-365	151	14	of	of	ADP
gp-365	151	15	0.05	0.05	NUM
gp-365	151	16	.	.	PUNCT
gp-365	152	1	thus	thus	ADV
gp-365	152	2	,	,	PUNCT
gp-365	152	3	the	the	DET
gp-365	152	4	three	three	NUM
gp-365	152	5	mediation	mediation	NOUN
gp-365	152	6	test	test	NOUN
gp-365	152	7	techniques	technique	NOUN
gp-365	152	8	provide	provide	VERB
gp-365	152	9	consistent	consistent	ADJ
gp-365	152	10	evidence	evidence	NOUN
gp-365	152	11	that	that	SCONJ
gp-365	152	12	a	a	DET
gp-365	152	13	company	company	NOUN
gp-365	152	14	’s	’s	PART
gp-365	152	15	reputation	reputation	NOUN
gp-365	152	16	plays	play	VERB
gp-365	152	17	a	a	DET
gp-365	152	18	significant	significant	ADJ
gp-365	152	19	mediator	mediator	NOUN
gp-365	152	20	between	between	ADP
gp-365	152	21	social	social	ADJ
gp-365	152	22	media	medium	NOUN
gp-365	152	23	activity	activity	NOUN
gp-365	152	24	and	and	CCONJ
gp-365	152	25	company	company	NOUN
gp-365	152	26	value	value	NOUN
gp-365	152	27	in	in	ADP
gp-365	152	28	the	the	DET
gp-365	152	29	b2b	b2b	NOUN
gp-365	152	30	context	context	NOUN
gp-365	152	31	.	.	PUNCT
gp-365	153	1	substantively	substantively	ADV
gp-365	153	2	,	,	PUNCT
gp-365	153	3	the	the	DET
gp-365	153	4	positive	positive	ADJ
gp-365	153	5	coefficient	coefficient	NOUN
gp-365	153	6	sign	sign	NOUN
gp-365	153	7	on	on	ADP
gp-365	153	8	lines	line	NOUN
gp-365	153	9	a	a	PRON
gp-365	153	10	and	and	CCONJ
gp-365	153	11	b	b	NOUN
gp-365	153	12	indicates	indicate	VERB
gp-365	153	13	that	that	SCONJ
gp-365	153	14	an	an	DET
gp-365	153	15	increase	increase	NOUN
gp-365	153	16	in	in	ADP
gp-365	153	17	the	the	DET
gp-365	153	18	intensity	intensity	NOUN
gp-365	153	19	or	or	CCONJ
gp-365	153	20	quality	quality	NOUN
gp-365	153	21	of	of	ADP
gp-365	153	22	social	social	ADJ
gp-365	153	23	media	medium	NOUN
gp-365	153	24	activity	activity	NOUN
gp-365	153	25	is	be	AUX
gp-365	153	26	related	relate	VERB
gp-365	153	27	to	to	ADP
gp-365	153	28	an	an	DET
gp-365	153	29	increase	increase	NOUN
gp-365	153	30	in	in	ADP
gp-365	153	31	reputation	reputation	NOUN
gp-365	153	32	,	,	PUNCT
gp-365	153	33	and	and	CCONJ
gp-365	153	34	a	a	DET
gp-365	153	35	better	well	ADJ
gp-365	153	36	reputation	reputation	NOUN
gp-365	153	37	is	be	AUX
gp-365	153	38	subsequently	subsequently	ADV
gp-365	153	39	related	relate	VERB
gp-365	153	40	to	to	ADP
gp-365	153	41	an	an	DET
gp-365	153	42	increase	increase	NOUN
gp-365	153	43	in	in	ADP
gp-365	153	44	company	company	NOUN
gp-365	153	45	value	value	NOUN
gp-365	153	46	.	.	PUNCT
gp-365	154	1	since	since	SCONJ
gp-365	154	2	the	the	DET
gp-365	154	3	indirect	indirect	ADJ
gp-365	154	4	effects	effect	NOUN
gp-365	154	5	have	have	AUX
gp-365	154	6	proven	prove	VERB
gp-365	154	7	to	to	PART
gp-365	154	8	be	be	AUX
gp-365	154	9	significant	significant	ADJ
gp-365	154	10	,	,	PUNCT
gp-365	154	11	it	it	PRON
gp-365	154	12	can	can	AUX
gp-365	154	13	be	be	AUX
gp-365	154	14	concluded	conclude	VERB
gp-365	154	15	that	that	SCONJ
gp-365	154	16	there	there	PRON
gp-365	154	17	is	be	VERB
gp-365	154	18	an	an	DET
gp-365	154	19	influence	influence	NOUN
gp-365	154	20	mechanism	mechanism	NOUN
gp-365	154	21	by	by	ADP
gp-365	154	22	which	which	PRON
gp-365	154	23	social	social	ADJ
gp-365	154	24	media	medium	NOUN
gp-365	154	25	increases	increase	VERB
gp-365	154	26	the	the	DET
gp-365	154	27	value	value	NOUN
gp-365	154	28	of	of	ADP
gp-365	154	29	a	a	DET
gp-365	154	30	company	company	NOUN
gp-365	154	31	through	through	ADP
gp-365	154	32	reputation	reputation	NOUN
gp-365	154	33	building	building	NOUN
gp-365	154	34	—	—	PUNCT
gp-365	154	35	a	a	DET
gp-365	154	36	pattern	pattern	NOUN
gp-365	154	37	consistent	consistent	ADJ
gp-365	154	38	with	with	ADP
gp-365	154	39	b2b	b2b	NOUN
gp-365	154	40	business	business	NOUN
gp-365	154	41	relationship	relationship	NOUN
gp-365	154	42	theory	theory	NOUN
gp-365	154	43	that	that	PRON
gp-365	154	44	emphasizes	emphasize	VERB
gp-365	154	45	the	the	DET
gp-365	154	46	role	role	NOUN
gp-365	154	47	of	of	ADP
gp-365	154	48	trust	trust	NOUN
gp-365	154	49	,	,	PUNCT
gp-365	154	50	credibility	credibility	NOUN
gp-365	154	51	,	,	PUNCT
gp-365	154	52	and	and	CCONJ
gp-365	154	53	reputation	reputation	NOUN
gp-365	154	54	in	in	ADP
gp-365	154	55	decision	decision	NOUN
gp-365	154	56	-	-	PUNCT
gp-365	154	57	making	making	NOUN
gp-365	154	58	by	by	ADP
gp-365	154	59	clients	client	NOUN
gp-365	154	60	/	/	SYM
gp-365	154	61	business	business	NOUN
gp-365	154	62	partners	partner	NOUN
gp-365	154	63	.	.	PUNCT
gp-365	155	1	these	these	DET
gp-365	155	2	findings	finding	NOUN
gp-365	155	3	are	be	AUX
gp-365	155	4	strongly	strongly	ADV
gp-365	155	5	supported	support	VERB
gp-365	155	6	by	by	ADP
gp-365	155	7	previous	previous	ADJ
gp-365	155	8	studies	study	NOUN
gp-365	155	9	and	and	CCONJ
gp-365	155	10	established	establish	VERB
gp-365	155	11	theories	theory	NOUN
gp-365	155	12	that	that	PRON
gp-365	155	13	highlight	highlight	VERB
gp-365	155	14	the	the	DET
gp-365	155	15	critical	critical	ADJ
gp-365	155	16	role	role	NOUN
gp-365	155	17	of	of	ADP
gp-365	155	18	reputation	reputation	NOUN
gp-365	155	19	as	as	ADP
gp-365	155	20	a	a	DET
gp-365	155	21	mediating	mediate	VERB
gp-365	155	22	variable	variable	NOUN
gp-365	155	23	between	between	ADP
gp-365	155	24	social	social	ADJ
gp-365	155	25	media	medium	NOUN
gp-365	155	26	engagement	engagement	NOUN
gp-365	155	27	and	and	CCONJ
gp-365	155	28	company	company	NOUN
gp-365	155	29	value	value	NOUN
gp-365	155	30	,	,	PUNCT
gp-365	155	31	particularly	particularly	ADV
gp-365	155	32	in	in	ADP
gp-365	155	33	b2b	b2b	NOUN
gp-365	155	34	contexts	contexts	NOUN
gp-365	155	35	.	.	PUNCT
gp-365	156	1	according	accord	VERB
gp-365	156	2	to	to	ADP
gp-365	156	3	fombrun	fombrun	NOUN
gp-365	156	4	and	and	CCONJ
gp-365	156	5	shanley	shanley	NOUN
gp-365	156	6	(	(	PUNCT
gp-365	156	7	1990	1990	NUM
gp-365	156	8	)	)	PUNCT
gp-365	156	9	,	,	PUNCT
gp-365	156	10	corporate	corporate	ADJ
gp-365	156	11	reputation	reputation	NOUN
gp-365	156	12	represents	represent	VERB
gp-365	156	13	a	a	DET
gp-365	156	14	collective	collective	ADJ
gp-365	156	15	assessment	assessment	NOUN
gp-365	156	16	of	of	ADP
gp-365	156	17	a	a	DET
gp-365	156	18	firm	firm	NOUN
gp-365	156	19	’s	’s	PART
gp-365	156	20	ability	ability	NOUN
gp-365	156	21	to	to	PART
gp-365	156	22	deliver	deliver	VERB
gp-365	156	23	valuable	valuable	ADJ
gp-365	156	24	outcomes	outcome	NOUN
gp-365	156	25	to	to	ADP
gp-365	156	26	its	its	PRON
gp-365	156	27	stakeholders	stakeholder	NOUN
gp-365	156	28	,	,	PUNCT
gp-365	156	29	making	make	VERB
gp-365	156	30	it	it	PRON
gp-365	156	31	a	a	DET
gp-365	156	32	vital	vital	ADJ
gp-365	156	33	intangible	intangible	ADJ
gp-365	156	34	asset	asset	NOUN
gp-365	156	35	that	that	PRON
gp-365	156	36	influences	influence	VERB
gp-365	156	37	investor	investor	NOUN
gp-365	156	38	confidence	confidence	NOUN
gp-365	156	39	and	and	CCONJ
gp-365	156	40	firm	firm	ADJ
gp-365	156	41	valuation	valuation	NOUN
gp-365	156	42	.	.	PUNCT
gp-365	157	1	the	the	DET
gp-365	157	2	significant	significant	ADJ
gp-365	157	3	mediation	mediation	NOUN
gp-365	157	4	effect	effect	NOUN
gp-365	157	5	found	find	VERB
gp-365	157	6	in	in	ADP
gp-365	157	7	this	this	DET
gp-365	157	8	study	study	NOUN
gp-365	157	9	aligns	align	VERB
gp-365	157	10	with	with	ADP
gp-365	157	11	the	the	DET
gp-365	157	12	resource	resource	NOUN
gp-365	157	13	-	-	PUNCT
gp-365	157	14	based	base	VERB
gp-365	157	15	view	view	NOUN
gp-365	157	16	(	(	PUNCT
gp-365	157	17	rbv	rbv	NOUN
gp-365	157	18	)	)	PUNCT
gp-365	157	19	theory	theory	NOUN
gp-365	157	20	,	,	PUNCT
gp-365	157	21	which	which	PRON
gp-365	157	22	posits	posit	VERB
gp-365	157	23	that	that	SCONJ
gp-365	157	24	intangible	intangible	ADJ
gp-365	157	25	assets	asset	NOUN
gp-365	157	26	such	such	ADJ
gp-365	157	27	as	as	ADP
gp-365	157	28	reputation	reputation	NOUN
gp-365	157	29	and	and	CCONJ
gp-365	157	30	trust	trust	NOUN
gp-365	157	31	are	be	AUX
gp-365	157	32	key	key	ADJ
gp-365	157	33	sources	source	NOUN
gp-365	157	34	of	of	ADP
gp-365	157	35	competitive	competitive	ADJ
gp-365	157	36	advantage	advantage	NOUN
gp-365	157	37	and	and	CCONJ
gp-365	157	38	long	long	ADJ
gp-365	157	39	-	-	PUNCT
gp-365	157	40	term	term	NOUN
gp-365	157	41	value	value	NOUN
gp-365	157	42	creation	creation	NOUN
gp-365	157	43	(	(	PUNCT
gp-365	157	44	barney	barney	NOUN
gp-365	157	45	,	,	PUNCT
gp-365	157	46	1991	1991	NUM
gp-365	157	47	)	)	PUNCT
gp-365	157	48	.	.	PUNCT
gp-365	158	1	furthermore	furthermore	ADV
gp-365	158	2	,	,	PUNCT
gp-365	158	3	rindova	rindova	VERB
gp-365	158	4	et	et	PROPN
gp-365	158	5	al	al	PROPN
gp-365	158	6	.	.	PROPN
gp-365	159	1	(	(	PUNCT
gp-365	159	2	2005	2005	NUM
gp-365	159	3	)	)	PUNCT
gp-365	159	4	emphasized	emphasize	VERB
gp-365	159	5	that	that	SCONJ
gp-365	159	6	social	social	ADJ
gp-365	159	7	media	medium	NOUN
gp-365	159	8	can	can	AUX
gp-365	159	9	act	act	VERB
gp-365	159	10	as	as	ADP
gp-365	159	11	a	a	DET
gp-365	159	12	dynamic	dynamic	ADJ
gp-365	159	13	reputation	reputation	NOUN
gp-365	159	14	-	-	PUNCT
gp-365	159	15	building	building	NOUN
gp-365	159	16	mechanism	mechanism	NOUN
gp-365	159	17	,	,	PUNCT
gp-365	159	18	amplifying	amplifying	ADJ
gp-365	159	19	stakeholder	stakeholder	NOUN
gp-365	159	20	perceptions	perception	NOUN
gp-365	159	21	through	through	ADP
gp-365	159	22	transparent	transparent	ADJ
gp-365	159	23	and	and	CCONJ
gp-365	159	24	interactive	interactive	ADJ
gp-365	159	25	communication	communication	NOUN
gp-365	159	26	.	.	PUNCT
gp-365	160	1	in	in	ADP
gp-365	160	2	the	the	DET
gp-365	160	3	digital	digital	ADJ
gp-365	160	4	era	era	NOUN
gp-365	160	5	,	,	PUNCT
gp-365	160	6	kietzmann	kietzmann	PROPN
gp-365	160	7	et	et	PROPN
gp-365	160	8	al	al	PROPN
gp-365	160	9	.	.	PROPN
gp-365	161	1	(	(	PUNCT
gp-365	161	2	2011	2011	NUM
gp-365	161	3	)	)	PUNCT
gp-365	161	4	note	note	NOUN
gp-365	161	5	that	that	SCONJ
gp-365	161	6	social	social	ADJ
gp-365	161	7	media	medium	NOUN
gp-365	161	8	platforms	platform	NOUN
gp-365	161	9	serve	serve	VERB
gp-365	161	10	as	as	ADP
gp-365	161	11	essential	essential	ADJ
gp-365	161	12	tools	tool	NOUN
gp-365	161	13	for	for	ADP
gp-365	161	14	reputation	reputation	NOUN
gp-365	161	15	management	management	NOUN
gp-365	161	16	,	,	PUNCT
gp-365	161	17	allowing	allow	VERB
gp-365	161	18	firms	firm	NOUN
gp-365	161	19	to	to	PART
gp-365	161	20	shape	shape	VERB
gp-365	161	21	public	public	ADJ
gp-365	161	22	discourse	discourse	NOUN
gp-365	161	23	,	,	PUNCT
gp-365	161	24	enhance	enhance	VERB
gp-365	161	25	stakeholder	stakeholder	NOUN
gp-365	161	26	engagement	engagement	NOUN
gp-365	161	27	,	,	PUNCT
gp-365	161	28	and	and	CCONJ
gp-365	161	29	signal	signal	VERB
gp-365	161	30	credibility	credibility	NOUN
gp-365	161	31	—	—	PUNCT
gp-365	161	32	especially	especially	ADV
gp-365	161	33	important	important	ADJ
gp-365	161	34	in	in	ADP
gp-365	161	35	b2b	b2b	NOUN
gp-365	161	36	environments	environment	NOUN
gp-365	161	37	where	where	SCONJ
gp-365	161	38	trust	trust	NOUN
gp-365	161	39	and	and	CCONJ
gp-365	161	40	reliability	reliability	NOUN
gp-365	161	41	drive	drive	NOUN
gp-365	161	42	transactional	transactional	ADJ
gp-365	161	43	decisions	decision	NOUN
gp-365	161	44	.	.	PUNCT
gp-365	162	1	this	this	DET
gp-365	162	2	study	study	NOUN
gp-365	162	3	’s	’s	PART
gp-365	162	4	findings	finding	NOUN
gp-365	162	5	also	also	ADV
gp-365	162	6	resonate	resonate	VERB
gp-365	162	7	social	social	ADJ
gp-365	162	8	media	medium	NOUN
gp-365	162	9	influence	influence	NOUN
gp-365	162	10	on	on	ADP
gp-365	162	11	firm	firm	ADJ
gp-365	162	12	value	value	NOUN
gp-365	162	13	with	with	ADP
gp-365	162	14	corporate	corporate	ADJ
gp-365	162	15	reputation	reputation	NOUN
gp-365	162	16	as	as	ADP
gp-365	162	17	intervening	intervene	VERB
gp-365	162	18	variable	variable	NOUN
gp-365	162	19	:	:	PUNCT
gp-365	162	20	katadata	katadata	PROPN
gp-365	162	21	esg	esg	PROPN
gp-365	162	22	index	index	NOUN
gp-365	162	23	companies	company	NOUN
gp-365	162	24	on	on	ADP
gp-365	162	25	idx	idx	NOUN
gp-365	162	26	2024	2024	NUM
gp-365	162	27	1910	1910	NUM
gp-365	162	28	with	with	ADP
gp-365	162	29	lee	lee	PROPN
gp-365	162	30	et	et	PROPN
gp-365	162	31	al	al	PROPN
gp-365	162	32	.	.	PROPN
gp-365	162	33	(	(	PUNCT
gp-365	162	34	2022	2022	NUM
gp-365	162	35	)	)	PUNCT
gp-365	162	36	,	,	PUNCT
gp-365	162	37	who	who	PRON
gp-365	162	38	found	find	VERB
gp-365	162	39	that	that	SCONJ
gp-365	162	40	sustainability	sustainability	NOUN
gp-365	162	41	communication	communication	NOUN
gp-365	162	42	through	through	ADP
gp-365	162	43	digital	digital	ADJ
gp-365	162	44	platforms	platform	NOUN
gp-365	162	45	enhances	enhance	VERB
gp-365	162	46	corporate	corporate	ADJ
gp-365	162	47	legitimacy	legitimacy	NOUN
gp-365	162	48	and	and	CCONJ
gp-365	162	49	perceived	perceive	VERB
gp-365	162	50	integrity	integrity	NOUN
gp-365	162	51	among	among	ADP
gp-365	162	52	institutional	institutional	ADJ
gp-365	162	53	investors	investor	NOUN
gp-365	162	54	.	.	PUNCT
gp-365	163	1	the	the	DET
gp-365	163	2	positive	positive	ADJ
gp-365	163	3	indirect	indirect	ADJ
gp-365	163	4	effect	effect	NOUN
gp-365	163	5	of	of	ADP
gp-365	163	6	social	social	ADJ
gp-365	163	7	media	medium	NOUN
gp-365	163	8	on	on	ADP
gp-365	163	9	firm	firm	ADJ
gp-365	163	10	value	value	NOUN
gp-365	163	11	through	through	ADP
gp-365	163	12	reputation	reputation	NOUN
gp-365	163	13	thus	thus	ADV
gp-365	163	14	reflects	reflect	VERB
gp-365	163	15	a	a	DET
gp-365	163	16	growing	grow	VERB
gp-365	163	17	acknowledgment	acknowledgment	NOUN
gp-365	163	18	that	that	SCONJ
gp-365	163	19	reputation	reputation	NOUN
gp-365	163	20	functions	function	NOUN
gp-365	163	21	as	as	ADP
gp-365	163	22	an	an	DET
gp-365	163	23	intermediary	intermediary	ADJ
gp-365	163	24	mechanism	mechanism	NOUN
gp-365	163	25	linking	link	VERB
gp-365	163	26	relational	relational	ADJ
gp-365	163	27	capital	capital	NOUN
gp-365	163	28	(	(	PUNCT
gp-365	163	29	through	through	ADP
gp-365	163	30	digital	digital	ADJ
gp-365	163	31	engagement	engagement	NOUN
gp-365	163	32	)	)	PUNCT
gp-365	163	33	to	to	ADP
gp-365	163	34	market	market	NOUN
gp-365	163	35	-	-	PUNCT
gp-365	163	36	based	base	VERB
gp-365	163	37	outcomes	outcome	NOUN
gp-365	163	38	.	.	PUNCT
gp-365	164	1	collectively	collectively	ADV
gp-365	164	2	,	,	PUNCT
gp-365	164	3	these	these	DET
gp-365	164	4	theoretical	theoretical	ADJ
gp-365	164	5	and	and	CCONJ
gp-365	164	6	empirical	empirical	ADJ
gp-365	164	7	insights	insight	NOUN
gp-365	164	8	reinforce	reinforce	VERB
gp-365	164	9	the	the	DET
gp-365	164	10	conclusion	conclusion	NOUN
gp-365	164	11	that	that	SCONJ
gp-365	164	12	strategic	strategic	ADJ
gp-365	164	13	social	social	ADJ
gp-365	164	14	media	medium	NOUN
gp-365	164	15	management	management	NOUN
gp-365	164	16	can	can	AUX
gp-365	164	17	significantly	significantly	ADV
gp-365	164	18	enhance	enhance	VERB
gp-365	164	19	firm	firm	ADJ
gp-365	164	20	reputation	reputation	NOUN
gp-365	164	21	,	,	PUNCT
gp-365	164	22	which	which	PRON
gp-365	164	23	in	in	ADP
gp-365	164	24	turn	turn	NOUN
gp-365	164	25	drives	drive	VERB
gp-365	164	26	higher	high	ADJ
gp-365	164	27	firm	firm	ADJ
gp-365	164	28	valuation	valuation	NOUN
gp-365	164	29	—	—	PUNCT
gp-365	164	30	especially	especially	ADV
gp-365	164	31	when	when	SCONJ
gp-365	164	32	aligned	align	VERB
gp-365	164	33	with	with	ADP
gp-365	164	34	transparent	transparent	ADJ
gp-365	164	35	esg	esg	NOUN
gp-365	164	36	communication	communication	NOUN
gp-365	164	37	and	and	CCONJ
gp-365	164	38	long	long	ADJ
gp-365	164	39	-	-	PUNCT
gp-365	164	40	term	term	NOUN
gp-365	164	41	stakeholder	stakeholder	NOUN
gp-365	164	42	relationship	relationship	NOUN
gp-365	164	43	strategies	strategy	NOUN
gp-365	164	44	.	.	PUNCT
gp-365	165	1	conclusion	conclusion	VERB
gp-365	165	2	the	the	DET
gp-365	165	3	findings	finding	NOUN
gp-365	165	4	of	of	ADP
gp-365	165	5	this	this	DET
gp-365	165	6	study	study	NOUN
gp-365	165	7	conclude	conclude	VERB
gp-365	165	8	that	that	SCONJ
gp-365	165	9	social	social	ADJ
gp-365	165	10	media	medium	NOUN
gp-365	165	11	exerts	exert	VERB
gp-365	165	12	varying	vary	VERB
gp-365	165	13	impacts	impact	NOUN
gp-365	165	14	on	on	ADP
gp-365	165	15	firm	firm	ADJ
gp-365	165	16	value	value	NOUN
gp-365	165	17	and	and	CCONJ
gp-365	165	18	corporate	corporate	ADJ
gp-365	165	19	reputation	reputation	NOUN
gp-365	165	20	between	between	ADP
gp-365	165	21	b2c	b2c	ADJ
gp-365	165	22	and	and	CCONJ
gp-365	165	23	b2b	b2b	NOUN
gp-365	165	24	companies	company	NOUN
gp-365	165	25	listed	list	VERB
gp-365	165	26	in	in	ADP
gp-365	165	27	the	the	DET
gp-365	165	28	katadata	katadata	PROPN
gp-365	165	29	esg	esg	PROPN
gp-365	165	30	index	index	NOUN
gp-365	165	31	2024	2024	NUM
gp-365	165	32	.	.	PUNCT
gp-365	166	1	for	for	ADP
gp-365	166	2	b2c	b2c	ADJ
gp-365	166	3	firms	firm	NOUN
gp-365	166	4	,	,	PUNCT
gp-365	166	5	social	social	ADJ
gp-365	166	6	media	medium	NOUN
gp-365	166	7	has	have	VERB
gp-365	166	8	a	a	DET
gp-365	166	9	direct	direct	ADJ
gp-365	166	10	and	and	CCONJ
gp-365	166	11	significant	significant	ADJ
gp-365	166	12	positive	positive	ADJ
gp-365	166	13	effect	effect	NOUN
gp-365	166	14	on	on	ADP
gp-365	166	15	company	company	NOUN
gp-365	166	16	value	value	NOUN
gp-365	166	17	,	,	PUNCT
gp-365	166	18	demonstrating	demonstrate	VERB
gp-365	166	19	that	that	SCONJ
gp-365	166	20	digital	digital	ADJ
gp-365	166	21	engagement	engagement	NOUN
gp-365	166	22	strengthens	strengthen	VERB
gp-365	166	23	investor	investor	NOUN
gp-365	166	24	trust	trust	NOUN
gp-365	166	25	,	,	PUNCT
gp-365	166	26	enhances	enhance	VERB
gp-365	166	27	consumer	consumer	NOUN
gp-365	166	28	reach	reach	NOUN
gp-365	166	29	,	,	PUNCT
gp-365	166	30	and	and	CCONJ
gp-365	166	31	improves	improve	VERB
gp-365	166	32	brand	brand	NOUN
gp-365	166	33	image	image	NOUN
gp-365	166	34	.	.	PUNCT
gp-365	167	1	however	however	ADV
gp-365	167	2	,	,	PUNCT
gp-365	167	3	reputation	reputation	NOUN
gp-365	167	4	does	do	AUX
gp-365	167	5	not	not	PART
gp-365	167	6	significantly	significantly	ADV
gp-365	167	7	mediate	mediate	VERB
gp-365	167	8	this	this	DET
gp-365	167	9	relationship	relationship	NOUN
gp-365	167	10	,	,	PUNCT
gp-365	167	11	indicating	indicate	VERB
gp-365	167	12	that	that	SCONJ
gp-365	167	13	indonesian	indonesian	ADJ
gp-365	167	14	investors	investor	NOUN
gp-365	167	15	still	still	ADV
gp-365	167	16	prioritize	prioritize	VERB
gp-365	167	17	financial	financial	ADJ
gp-365	167	18	over	over	ADP
gp-365	167	19	reputational	reputational	ADJ
gp-365	167	20	indicators	indicator	NOUN
gp-365	167	21	.	.	PUNCT
gp-365	168	1	conversely	conversely	ADV
gp-365	168	2	,	,	PUNCT
gp-365	168	3	in	in	ADP
gp-365	168	4	b2b	b2b	NOUN
gp-365	168	5	firms	firm	NOUN
gp-365	168	6	,	,	PUNCT
gp-365	168	7	social	social	ADJ
gp-365	168	8	media	medium	NOUN
gp-365	168	9	has	have	VERB
gp-365	168	10	an	an	DET
gp-365	168	11	indirect	indirect	ADJ
gp-365	168	12	but	but	CCONJ
gp-365	168	13	significant	significant	ADJ
gp-365	168	14	effect	effect	NOUN
gp-365	168	15	on	on	ADP
gp-365	168	16	firm	firm	ADJ
gp-365	168	17	value	value	NOUN
gp-365	168	18	through	through	ADP
gp-365	168	19	corporate	corporate	ADJ
gp-365	168	20	reputation	reputation	NOUN
gp-365	168	21	,	,	PUNCT
gp-365	168	22	underscoring	underscore	VERB
gp-365	168	23	that	that	DET
gp-365	168	24	transparency	transparency	NOUN
gp-365	168	25	,	,	PUNCT
gp-365	168	26	sustainability	sustainability	NOUN
gp-365	168	27	communication	communication	NOUN
gp-365	168	28	,	,	PUNCT
gp-365	168	29	and	and	CCONJ
gp-365	168	30	csr	csr	NOUN
gp-365	168	31	disclosure	disclosure	NOUN
gp-365	168	32	on	on	ADP
gp-365	168	33	social	social	ADJ
gp-365	168	34	platforms	platform	NOUN
gp-365	168	35	are	be	AUX
gp-365	168	36	vital	vital	ADJ
gp-365	168	37	in	in	ADP
gp-365	168	38	building	build	VERB
gp-365	168	39	trust	trust	NOUN
gp-365	168	40	among	among	ADP
gp-365	168	41	institutional	institutional	ADJ
gp-365	168	42	stakeholders	stakeholder	NOUN
gp-365	168	43	and	and	CCONJ
gp-365	168	44	business	business	NOUN
gp-365	168	45	partners	partner	NOUN
gp-365	168	46	.	.	PUNCT
gp-365	169	1	these	these	DET
gp-365	169	2	results	result	NOUN
gp-365	169	3	address	address	VERB
gp-365	169	4	the	the	DET
gp-365	169	5	research	research	NOUN
gp-365	169	6	objectives	objective	NOUN
gp-365	169	7	by	by	ADP
gp-365	169	8	confirming	confirm	VERB
gp-365	169	9	that	that	SCONJ
gp-365	169	10	social	social	ADJ
gp-365	169	11	media	medium	NOUN
gp-365	169	12	functions	function	NOUN
gp-365	169	13	as	as	ADP
gp-365	169	14	a	a	DET
gp-365	169	15	direct	direct	ADJ
gp-365	169	16	value	value	NOUN
gp-365	169	17	driver	driver	NOUN
gp-365	169	18	for	for	ADP
gp-365	169	19	b2c	b2c	ADJ
gp-365	169	20	firms	firm	NOUN
gp-365	169	21	and	and	CCONJ
gp-365	169	22	as	as	ADP
gp-365	169	23	a	a	DET
gp-365	169	24	reputation	reputation	NOUN
gp-365	169	25	-	-	PUNCT
gp-365	169	26	based	base	VERB
gp-365	169	27	indirect	indirect	ADJ
gp-365	169	28	value	value	NOUN
gp-365	169	29	driver	driver	NOUN
gp-365	169	30	for	for	ADP
gp-365	169	31	b2b	b2b	NOUN
gp-365	169	32	firms	firm	NOUN
gp-365	169	33	.	.	PUNCT
gp-365	170	1	this	this	DET
gp-365	170	2	finding	finding	NOUN
gp-365	170	3	enriches	enrich	VERB
gp-365	170	4	the	the	DET
gp-365	170	5	literature	literature	NOUN
gp-365	170	6	on	on	ADP
gp-365	170	7	strategic	strategic	ADJ
gp-365	170	8	communication	communication	NOUN
gp-365	170	9	and	and	CCONJ
gp-365	170	10	esg	esg	NOUN
gp-365	170	11	integration	integration	NOUN
gp-365	170	12	,	,	PUNCT
gp-365	170	13	revealing	reveal	VERB
gp-365	170	14	that	that	SCONJ
gp-365	170	15	the	the	DET
gp-365	170	16	reputational	reputational	ADJ
gp-365	170	17	pathway	pathway	NOUN
gp-365	170	18	of	of	ADP
gp-365	170	19	social	social	ADJ
gp-365	170	20	media	medium	NOUN
gp-365	170	21	impact	impact	NOUN
gp-365	170	22	depends	depend	VERB
gp-365	170	23	on	on	ADP
gp-365	170	24	the	the	DET
gp-365	170	25	firm	firm	NOUN
gp-365	170	26	’s	’s	PART
gp-365	170	27	business	business	NOUN
gp-365	170	28	model	model	NOUN
gp-365	170	29	and	and	CCONJ
gp-365	170	30	stakeholder	stakeholder	NOUN
gp-365	170	31	structure	structure	NOUN
gp-365	170	32	.	.	PUNCT
gp-365	171	1	for	for	ADP
gp-365	171	2	future	future	ADJ
gp-365	171	3	research	research	NOUN
gp-365	171	4	,	,	PUNCT
gp-365	171	5	longitudinal	longitudinal	ADJ
gp-365	171	6	and	and	CCONJ
gp-365	171	7	comparative	comparative	ADJ
gp-365	171	8	studies	study	NOUN
gp-365	171	9	are	be	AUX
gp-365	171	10	recommended	recommend	VERB
gp-365	171	11	to	to	PART
gp-365	171	12	analyze	analyze	VERB
gp-365	171	13	temporal	temporal	ADJ
gp-365	171	14	shifts	shift	NOUN
gp-365	171	15	in	in	ADP
gp-365	171	16	social	social	ADJ
gp-365	171	17	media	medium	NOUN
gp-365	171	18	influence	influence	NOUN
gp-365	171	19	,	,	PUNCT
gp-365	171	20	explore	explore	VERB
gp-365	171	21	additional	additional	ADJ
gp-365	171	22	mediating	mediating	NOUN
gp-365	171	23	variables	variable	NOUN
gp-365	171	24	such	such	ADJ
gp-365	171	25	as	as	ADP
gp-365	171	26	customer	customer	NOUN
gp-365	171	27	engagement	engagement	NOUN
gp-365	171	28	or	or	CCONJ
gp-365	171	29	esg	esg	NOUN
gp-365	171	30	disclosure	disclosure	NOUN
gp-365	171	31	quality	quality	NOUN
gp-365	171	32	,	,	PUNCT
gp-365	171	33	and	and	CCONJ
gp-365	171	34	employ	employ	VERB
gp-365	171	35	sentiment	sentiment	NOUN
gp-365	171	36	analysis	analysis	NOUN
gp-365	171	37	to	to	PART
gp-365	171	38	capture	capture	VERB
gp-365	171	39	public	public	ADJ
gp-365	171	40	perception	perception	NOUN
gp-365	171	41	dynamics	dynamic	NOUN
gp-365	171	42	toward	toward	ADP
gp-365	171	43	corporate	corporate	ADJ
gp-365	171	44	sustainability	sustainability	NOUN
gp-365	171	45	communication	communication	NOUN
gp-365	171	46	in	in	ADP
gp-365	171	47	indonesia	indonesia	PROPN
gp-365	171	48	’s	’s	PART
gp-365	171	49	capital	capital	NOUN
gp-365	171	50	market	market	NOUN
gp-365	171	51	context	context	NOUN
gp-365	171	52	.	.	PUNCT
gp-365	172	1	references	reference	NOUN
gp-365	172	2	anonymous	anonymous	ADJ
gp-365	172	3	.	.	PUNCT
gp-365	173	1	(	(	PUNCT
gp-365	173	2	2023	2023	NUM
gp-365	173	3	)	)	PUNCT
gp-365	173	4	.	.	PUNCT
gp-365	174	1	navigating	navigate	VERB
gp-365	174	2	esg	esg	PROPN
gp-365	174	3	communication	communication	NOUN
gp-365	174	4	study	study	NOUN
gp-365	174	5	:	:	PUNCT
gp-365	174	6	social	social	ADJ
gp-365	174	7	media	medium	NOUN
gp-365	174	8	sustainability	sustainability	NOUN
gp-365	174	9	communication	communication	NOUN
gp-365	174	10	:	:	PUNCT
gp-365	174	11	an	an	DET
gp-365	174	12	analysis	analysis	NOUN
gp-365	174	13	of	of	ADP
gp-365	174	14	firm	firm	ADJ
gp-365	174	15	practices	practice	NOUN
gp-365	174	16	.	.	PUNCT
gp-365	175	1	information	information	NOUN
gp-365	175	2	systems	system	NOUN
gp-365	175	3	frontiers	frontier	NOUN
gp-365	175	4	.	.	PUNCT
gp-365	176	1	https://link.springer.com/article/10.1007/s10796-022-10257-6	https://link.springer.com/article/10.1007/s10796-022-10257-6	PROPN
gp-365	176	2	anonymous	anonymous	PROPN
gp-365	176	3	.	.	PUNCT
gp-365	177	1	(	(	PUNCT
gp-365	177	2	2024	2024	NUM
gp-365	177	3	)	)	PUNCT
gp-365	177	4	.	.	PUNCT
gp-365	178	1	network	network	NOUN
gp-365	178	2	attention	attention	NOUN
gp-365	178	3	study	study	NOUN
gp-365	178	4	:	:	PUNCT
gp-365	178	5	can	can	AUX
gp-365	178	6	network	network	VERB
gp-365	178	7	attention	attention	NOUN
gp-365	178	8	effectively	effectively	ADV
gp-365	178	9	stimulate	stimulate	VERB
gp-365	178	10	corporate	corporate	ADJ
gp-365	178	11	esg	esg	NOUN
gp-365	178	12	practices	practice	NOUN
gp-365	178	13	?	?	PUNCT
gp-365	179	1	sustainability	sustainability	NOUN
gp-365	179	2	,	,	PUNCT
gp-365	179	3	15(18	15(18	NUM
gp-365	179	4	)	)	PUNCT
gp-365	179	5	,	,	PUNCT
gp-365	179	6	13919	13919	NUM
gp-365	179	7	.	.	PUNCT
gp-365	180	1	https://doi.org/10.3390/su151813919	https://doi.org/10.3390/su151813919	PROPN
gp-365	180	2	anis	anis	PROPN
gp-365	180	3	,	,	PUNCT
gp-365	180	4	i.	i.	PROPN
gp-365	180	5	(	(	PUNCT
gp-365	180	6	2025	2025	NUM
gp-365	180	7	)	)	PUNCT
gp-365	180	8	.	.	PUNCT
gp-365	181	1	analyzing	analyze	VERB
gp-365	181	2	the	the	DET
gp-365	181	3	impact	impact	NOUN
gp-365	181	4	of	of	ADP
gp-365	181	5	esg	esg	PROPN
gp-365	181	6	principles	principle	NOUN
gp-365	181	7	on	on	ADP
gp-365	181	8	organizational	organizational	ADJ
gp-365	181	9	value	value	NOUN
gp-365	181	10	:	:	PUNCT
gp-365	181	11	evidence	evidence	NOUN
gp-365	181	12	from	from	ADP
gp-365	181	13	indonesian	indonesian	ADJ
gp-365	181	14	companies	company	NOUN
gp-365	181	15	.	.	PUNCT
gp-365	182	1	journal	journal	PROPN
gp-365	182	2	of	of	ADP
gp-365	182	3	accounting	accounting	PROPN
gp-365	182	4	&	&	CCONJ
gp-365	182	5	investment	investment	NOUN
gp-365	182	6	,	,	PUNCT
gp-365	182	7	x(x	x(x	PROPN
gp-365	182	8	)	)	PUNCT
gp-365	182	9	,	,	PUNCT
gp-365	182	10	xx	xx	PROPN
gp-365	182	11	–	–	PUNCT
gp-365	182	12	xx	xx	NUM
gp-365	182	13	.	.	PUNCT
gp-365	183	1	blaszczyk	blaszczyk	PROPN
gp-365	183	2	,	,	PUNCT
gp-365	183	3	a.	a.	PROPN
gp-365	183	4	,	,	PUNCT
gp-365	183	5	&	&	CCONJ
gp-365	183	6	le	le	ADP
gp-365	183	7	viet	viet	PROPN
gp-365	183	8	-	-	PUNCT
gp-365	183	9	blaszczyk	blaszczyk	PROPN
gp-365	183	10	,	,	PUNCT
gp-365	183	11	m.	m.	NOUN
gp-365	183	12	(	(	PUNCT
gp-365	183	13	2024	2024	NUM
gp-365	183	14	)	)	PUNCT
gp-365	183	15	.	.	PUNCT
gp-365	184	1	the	the	DET
gp-365	184	2	role	role	NOUN
gp-365	184	3	of	of	ADP
gp-365	184	4	social	social	ADJ
gp-365	184	5	media	medium	NOUN
gp-365	184	6	marketing	marketing	NOUN
gp-365	184	7	of	of	ADP
gp-365	184	8	esg	esg	PROPN
gp-365	184	9	in	in	ADP
gp-365	184	10	warehouse	warehouse	NOUN
gp-365	184	11	logistics	logistic	NOUN
gp-365	184	12	.	.	PUNCT
gp-365	185	1	scientific	scientific	ADJ
gp-365	185	2	papers	paper	NOUN
gp-365	185	3	of	of	ADP
gp-365	185	4	silesian	silesian	PROPN
gp-365	185	5	university	university	PROPN
gp-365	185	6	of	of	ADP
gp-365	185	7	technology	technology	NOUN
gp-365	185	8	:	:	PUNCT
gp-365	185	9	organization	organization	NOUN
gp-365	185	10	&	&	CCONJ
gp-365	185	11	management	management	PROPN
gp-365	185	12	series	series	PROPN
gp-365	185	13	,	,	PUNCT
gp-365	185	14	(	(	PUNCT
gp-365	185	15	198	198	NUM
gp-365	185	16	)	)	PUNCT
gp-365	185	17	.	.	PUNCT
gp-365	186	1	casalegno	casalegno	NOUN
gp-365	186	2	,	,	PUNCT
gp-365	186	3	f.	f.	PROPN
gp-365	186	4	,	,	PUNCT
gp-365	186	5	boggio	boggio	NOUN
gp-365	186	6	,	,	PUNCT
gp-365	186	7	b.	b.	PROPN
gp-365	186	8	,	,	PUNCT
gp-365	186	9	&	&	CCONJ
gp-365	186	10	romenti	romenti	PROPN
gp-365	186	11	,	,	PUNCT
gp-365	186	12	s.	s.	PROPN
gp-365	186	13	(	(	PUNCT
gp-365	186	14	2023	2023	NUM
gp-365	186	15	)	)	PUNCT
gp-365	186	16	.	.	PUNCT
gp-365	187	1	navigating	navigate	VERB
gp-365	187	2	the	the	DET
gp-365	187	3	challenges	challenge	NOUN
gp-365	187	4	of	of	ADP
gp-365	187	5	esg	esg	NOUN
gp-365	187	6	communication	communication	NOUN
gp-365	187	7	on	on	ADP
gp-365	187	8	social	social	ADJ
gp-365	187	9	media	medium	NOUN
gp-365	187	10	.	.	PUNCT
gp-365	188	1	journal	journal	PROPN
gp-365	188	2	of	of	ADP
gp-365	188	3	environmental	environmental	PROPN
gp-365	188	4	planning	planning	NOUN
gp-365	188	5	&	&	CCONJ
gp-365	188	6	management	management	NOUN
gp-365	188	7	.	.	PUNCT
gp-365	189	1	https://oaj.fupress.net/index.php/jep/article/view/16898	https://oaj.fupress.net/index.php/jep/article/view/16898	PROPN
gp-365	189	2	chau	chau	PROPN
gp-365	189	3	,	,	PUNCT
gp-365	189	4	l.	l.	PROPN
gp-365	189	5	(	(	PUNCT
gp-365	189	6	2025	2025	NUM
gp-365	189	7	)	)	PUNCT
gp-365	189	8	.	.	PUNCT
gp-365	190	1	valuing	value	VERB
gp-365	190	2	esg	esg	NOUN
gp-365	190	3	:	:	PUNCT
gp-365	190	4	how	how	SCONJ
gp-365	190	5	financial	financial	ADJ
gp-365	190	6	markets	market	NOUN
gp-365	190	7	respond	respond	VERB
gp-365	190	8	to	to	ADP
gp-365	190	9	corporate	corporate	ADJ
gp-365	190	10	sustainability	sustainability	NOUN
gp-365	190	11	.	.	PUNCT
gp-365	191	1	technological	technological	ADJ
gp-365	191	2	forecasting	forecasting	NOUN
gp-365	191	3	&	&	CCONJ
gp-365	191	4	social	social	ADJ
gp-365	191	5	change	change	NOUN
gp-365	191	6	,	,	PUNCT
gp-365	191	7	206	206	NUM
gp-365	191	8	,	,	PUNCT
gp-365	191	9	122779	122779	NUM
gp-365	191	10	.	.	PUNCT
gp-365	192	1	https://doi.org/10.1016/j.techfore.2025.122779	https://doi.org/10.1016/j.techfore.2025.122779	PROPN
gp-365	192	2	https://link.springer.com/article/10.1007/s10796-022-10257-6	https://link.springer.com/article/10.1007/s10796-022-10257-6	VERB
gp-365	192	3	https://doi.org/10.3390/su151813919	https://doi.org/10.3390/su151813919	PROPN
gp-365	192	4	https://oaj.fupress.net/index.php/jep/article/view/16898	https://oaj.fupress.net/index.php/jep/article/view/16898	PROPN
gp-365	192	5	https://doi.org/10.1016/j.techfore.2025.122779	https://doi.org/10.1016/j.techfore.2025.122779	PROPN
gp-365	192	6	social	social	ADJ
gp-365	192	7	media	medium	NOUN
gp-365	192	8	influence	influence	NOUN
gp-365	192	9	on	on	ADP
gp-365	192	10	firm	firm	ADJ
gp-365	192	11	value	value	NOUN
gp-365	192	12	with	with	ADP
gp-365	192	13	corporate	corporate	ADJ
gp-365	192	14	reputation	reputation	NOUN
gp-365	192	15	as	as	ADP
gp-365	192	16	intervening	intervene	VERB
gp-365	192	17	variable	variable	NOUN
gp-365	192	18	:	:	PUNCT
gp-365	192	19	katadata	katadata	PROPN
gp-365	192	20	esg	esg	PROPN
gp-365	192	21	index	index	NOUN
gp-365	192	22	companies	company	NOUN
gp-365	192	23	on	on	ADP
gp-365	192	24	idx	idx	PROPN
gp-365	192	25	2024	2024	NUM
gp-365	192	26	1911	1911	NUM
gp-365	192	27	fadhlurrahman	fadhlurrahman	NOUN
gp-365	192	28	,	,	PUNCT
gp-365	192	29	r.	r.	PROPN
gp-365	192	30	(	(	PUNCT
gp-365	192	31	2025	2025	NUM
gp-365	192	32	)	)	PUNCT
gp-365	192	33	.	.	PUNCT
gp-365	193	1	analysis	analysis	NOUN
gp-365	193	2	of	of	ADP
gp-365	193	3	the	the	DET
gp-365	193	4	relationship	relationship	NOUN
gp-365	193	5	between	between	ADP
gp-365	193	6	environmental	environmental	ADJ
gp-365	193	7	,	,	PUNCT
gp-365	193	8	social	social	ADJ
gp-365	193	9	,	,	PUNCT
gp-365	193	10	and	and	CCONJ
gp-365	193	11	governance	governance	NOUN
gp-365	193	12	implementation	implementation	NOUN
gp-365	193	13	and	and	CCONJ
gp-365	193	14	firm	firm	ADJ
gp-365	193	15	value	value	NOUN
gp-365	193	16	.	.	PUNCT
gp-365	194	1	journal	journal	PROPN
gp-365	194	2	of	of	ADP
gp-365	194	3	management	management	PROPN
gp-365	194	4	&	&	CCONJ
gp-365	194	5	business	business	PROPN
gp-365	194	6	research	research	PROPN
gp-365	194	7	,	,	PUNCT
gp-365	194	8	5(1	5(1	NUM
gp-365	194	9	)	)	PUNCT
gp-365	194	10	.	.	PUNCT
gp-365	195	1	ifg	ifg	PROPN
gp-365	195	2	progress	progress	NOUN
gp-365	195	3	.	.	PUNCT
gp-365	196	1	(	(	PUNCT
gp-365	196	2	2024	2024	NUM
gp-365	196	3	,	,	PUNCT
gp-365	196	4	august	august	PROPN
gp-365	196	5	27	27	NUM
gp-365	196	6	)	)	PUNCT
gp-365	196	7	.	.	PUNCT
gp-365	197	1	snapshot	snapshot	NOUN
gp-365	197	2	of	of	ADP
gp-365	197	3	esg	esg	PROPN
gp-365	197	4	investing	invest	VERB
gp-365	197	5	in	in	ADP
gp-365	197	6	indonesia	indonesia	PROPN
gp-365	197	7	’s	’s	PART
gp-365	197	8	stock	stock	NOUN
gp-365	197	9	and	and	CCONJ
gp-365	197	10	bond	bond	NOUN
gp-365	197	11	market	market	NOUN
gp-365	197	12	.	.	PUNCT
gp-365	198	1	ifg	ifg	PROPN
gp-365	198	2	progress	progress	NOUN
gp-365	198	3	.	.	PUNCT
gp-365	199	1	jin	jin	NOUN
gp-365	199	2	,	,	PUNCT
gp-365	199	3	x.	x.	NOUN
gp-365	199	4	(	(	PUNCT
gp-365	199	5	2023	2023	NUM
gp-365	199	6	)	)	PUNCT
gp-365	199	7	.	.	PUNCT
gp-365	200	1	a	a	DET
gp-365	200	2	study	study	NOUN
gp-365	200	3	on	on	ADP
gp-365	200	4	the	the	DET
gp-365	200	5	mechanism	mechanism	NOUN
gp-365	200	6	of	of	ADP
gp-365	200	7	esg	esg	PROPN
gp-365	200	8	’s	’s	PART
gp-365	200	9	impact	impact	NOUN
gp-365	200	10	on	on	ADP
gp-365	200	11	corporate	corporate	ADJ
gp-365	200	12	value	value	NOUN
gp-365	200	13	.	.	PUNCT
gp-365	201	1	sustainability	sustainability	NOUN
gp-365	201	2	,	,	PUNCT
gp-365	201	3	15(11	15(11	NUM
gp-365	201	4	)	)	PUNCT
gp-365	201	5	,	,	PUNCT
gp-365	201	6	8442	8442	NUM
gp-365	201	7	.	.	PUNCT
gp-365	202	1	https://doi.org/10.3390/su15118442	https://doi.org/10.3390/su15118442	PROPN
gp-365	202	2	katadata	katadata	PROPN
gp-365	202	3	insight	insight	NOUN
gp-365	202	4	center	center	NOUN
gp-365	202	5	.	.	PUNCT
gp-365	203	1	(	(	PUNCT
gp-365	203	2	2024	2024	NUM
gp-365	203	3	,	,	PUNCT
gp-365	203	4	august	august	PROPN
gp-365	203	5	7	7	NUM
gp-365	203	6	)	)	PUNCT
gp-365	203	7	.	.	PUNCT
gp-365	204	1	katadata	katadata	PROPN
gp-365	204	2	esg	esg	PROPN
gp-365	204	3	index	index	PROPN
gp-365	204	4	2024	2024	NUM
gp-365	204	5	:	:	PUNCT
gp-365	204	6	mengukur	mengukur	PROPN
gp-365	204	7	kinerja	kinerja	PROPN
gp-365	204	8	keberlanjutan	keberlanjutan	PROPN
gp-365	204	9	perusahaan	perusahaan	PROPN
gp-365	204	10	.	.	PUNCT
gp-365	205	1	https://katadata.co.id	https://katadata.co.id	PROPN
gp-365	205	2	molnár	molnár	NOUN
gp-365	205	3	,	,	PUNCT
gp-365	205	4	p.	p.	NOUN
gp-365	205	5	,	,	PUNCT
gp-365	205	6	kwan	kwan	PROPN
gp-365	205	7	,	,	PUNCT
gp-365	205	8	a.	a.	PROPN
gp-365	205	9	,	,	PUNCT
gp-365	205	10	&	&	CCONJ
gp-365	205	11	wankel	wankel	PROPN
gp-365	205	12	,	,	PUNCT
gp-365	205	13	c.	c.	NOUN
gp-365	205	14	(	(	PUNCT
gp-365	205	15	2022	2022	NUM
gp-365	205	16	)	)	PUNCT
gp-365	205	17	.	.	PUNCT
gp-365	206	1	do	do	AUX
gp-365	206	2	sustainable	sustainable	ADJ
gp-365	206	3	company	company	NOUN
gp-365	206	4	stock	stock	NOUN
gp-365	206	5	prices	price	NOUN
gp-365	206	6	increase	increase	VERB
gp-365	206	7	with	with	ADP
gp-365	206	8	esg	esg	NOUN
gp-365	206	9	scrutiny	scrutiny	NOUN
gp-365	206	10	?	?	PUNCT
gp-365	207	1	empirical	empirical	ADJ
gp-365	207	2	evidence	evidence	NOUN
gp-365	207	3	from	from	ADP
gp-365	207	4	social	social	ADJ
gp-365	207	5	media	medium	NOUN
gp-365	207	6	.	.	PUNCT
gp-365	208	1	working	work	VERB
gp-365	208	2	paper	paper	NOUN
gp-365	208	3	.	.	PUNCT
gp-365	209	1	https://papers.ssrn.com/sol3/delivery.cfm/ssrn_id4579243_code4880954.pdf	https://papers.ssrn.com/sol3/delivery.cfm/ssrn_id4579243_code4880954.pdf	PROPN
gp-365	209	2	nicolas	nicolas	PROPN
gp-365	209	3	,	,	PUNCT
gp-365	209	4	m.	m.	PROPN
gp-365	209	5	l.	l.	PROPN
gp-365	209	6	d.	d.	PROPN
gp-365	209	7	,	,	PUNCT
gp-365	209	8	desroziers	desrozier	NOUN
gp-365	209	9	,	,	PUNCT
gp-365	209	10	a.	a.	NOUN
gp-365	209	11	,	,	PUNCT
gp-365	209	12	caccioli	caccioli	PROPN
gp-365	209	13	,	,	PUNCT
gp-365	209	14	f.	f.	PROPN
gp-365	209	15	,	,	PUNCT
gp-365	209	16	&	&	CCONJ
gp-365	209	17	aste	aste	PROPN
gp-365	209	18	,	,	PUNCT
gp-365	209	19	t.	t.	PROPN
gp-365	209	20	(	(	PUNCT
gp-365	209	21	2023	2023	NUM
gp-365	209	22	)	)	PUNCT
gp-365	209	23	.	.	PUNCT
gp-365	210	1	esg	esg	NOUN
gp-365	210	2	reputation	reputation	NOUN
gp-365	210	3	risk	risk	NOUN
gp-365	210	4	matters	matter	VERB
gp-365	210	5	:	:	PUNCT
gp-365	210	6	an	an	DET
gp-365	210	7	event	event	NOUN
gp-365	210	8	study	study	NOUN
gp-365	210	9	based	base	VERB
gp-365	210	10	on	on	ADP
gp-365	210	11	social	social	ADJ
gp-365	210	12	media	medium	NOUN
gp-365	210	13	data	datum	NOUN
gp-365	210	14	.	.	PUNCT
gp-365	211	1	finance	finance	NOUN
gp-365	211	2	research	research	NOUN
gp-365	211	3	letters	letter	NOUN
gp-365	211	4	,	,	PUNCT
gp-365	211	5	59	59	NUM
gp-365	211	6	,	,	PUNCT
gp-365	211	7	103587	103587	NUM
gp-365	211	8	.	.	PUNCT
gp-365	212	1	https://doi.org/10.1016/j.frl.2023.103587	https://doi.org/10.1016/j.frl.2023.103587	PROPN
gp-365	212	2	oecd	oecd	PROPN
gp-365	212	3	.	.	PUNCT
gp-365	212	4	(	(	PUNCT
gp-365	212	5	2025	2025	NUM
gp-365	212	6	)	)	PUNCT
gp-365	212	7	.	.	PUNCT
gp-365	213	1	the	the	DET
gp-365	213	2	way	way	NOUN
gp-365	213	3	forward	forward	ADV
gp-365	213	4	for	for	ADP
gp-365	213	5	esg	esg	PROPN
gp-365	213	6	—	—	PUNCT
gp-365	213	7	why	why	SCONJ
gp-365	213	8	more	more	ADJ
gp-365	213	9	than	than	ADP
gp-365	213	10	80	80	NUM
gp-365	213	11	%	%	NOUN
gp-365	213	12	of	of	ADP
gp-365	213	13	institutional	institutional	ADJ
gp-365	213	14	investors	investor	NOUN
gp-365	213	15	are	be	AUX
gp-365	213	16	considering	consider	VERB
gp-365	213	17	sustainability	sustainability	NOUN
gp-365	213	18	factors	factor	NOUN
gp-365	213	19	.	.	PUNCT
gp-365	214	1	oecd	oecd	PROPN
gp-365	214	2	publishing	publishing	NOUN
gp-365	214	3	.	.	PUNCT
gp-365	215	1	otoritas	otoritas	PROPN
gp-365	215	2	jasa	jasa	PROPN
gp-365	215	3	keuangan	keuangan	PROPN
gp-365	215	4	.	.	PUNCT
gp-365	216	1	(	(	PUNCT
gp-365	216	2	2023	2023	NUM
gp-365	216	3	)	)	PUNCT
gp-365	216	4	.	.	PUNCT
gp-365	217	1	highlights	highlight	NOUN
gp-365	217	2	of	of	ADP
gp-365	217	3	indonesia	indonesia	PROPN
gp-365	217	4	’s	’s	PART
gp-365	217	5	financial	financial	ADJ
gp-365	217	6	services	service	NOUN
gp-365	217	7	sector	sector	NOUN
gp-365	217	8	:	:	PUNCT
gp-365	217	9	performance	performance	NOUN
gp-365	217	10	and	and	CCONJ
gp-365	217	11	opportunities	opportunity	NOUN
gp-365	217	12	.	.	PUNCT
gp-365	218	1	ojk	ojk	NOUN
gp-365	218	2	investor	investor	NOUN
gp-365	218	3	relations	relation	NOUN
gp-365	218	4	unit	unit	NOUN
gp-365	218	5	.	.	PUNCT
gp-365	219	1	park	park	PROPN
gp-365	219	2	,	,	PUNCT
gp-365	219	3	j.	j.	PROPN
gp-365	219	4	y.	y.	PROPN
gp-365	219	5	,	,	PUNCT
gp-365	219	6	sung	sung	PROPN
gp-365	219	7	,	,	PUNCT
gp-365	219	8	c.	c.	PROPN
gp-365	219	9	s.	s.	PROPN
gp-365	219	10	,	,	PUNCT
gp-365	219	11	&	&	CCONJ
gp-365	219	12	i	i	PROPN
gp-365	219	13	m	m	PROPN
gp-365	219	14	,	,	PUNCT
gp-365	219	15	i.	i.	PROPN
gp-365	219	16	(	(	PUNCT
gp-365	219	17	2017	2017	NUM
gp-365	219	18	)	)	PUNCT
gp-365	219	19	.	.	PUNCT
gp-365	220	1	does	do	AUX
gp-365	220	2	social	social	ADJ
gp-365	220	3	media	medium	NOUN
gp-365	220	4	use	use	VERB
gp-365	220	5	influence	influence	NOUN
gp-365	220	6	entrepreneurial	entrepreneurial	ADJ
gp-365	220	7	opportunity	opportunity	NOUN
gp-365	220	8	?	?	PUNCT
gp-365	221	1	a	a	DET
gp-365	221	2	review	review	NOUN
gp-365	221	3	of	of	ADP
gp-365	221	4	its	its	PRON
gp-365	221	5	moderating	moderate	VERB
gp-365	221	6	role	role	NOUN
gp-365	221	7	.	.	PUNCT
gp-365	222	1	sustainability	sustainability	NOUN
gp-365	222	2	(	(	PUNCT
gp-365	222	3	switzerland	switzerland	PROPN
gp-365	222	4	)	)	PUNCT
gp-365	222	5	,	,	PUNCT
gp-365	222	6	9(9	9(9	NUM
gp-365	222	7	)	)	PUNCT
gp-365	222	8	,	,	PUNCT
gp-365	222	9	1–16	1–16	PROPN
gp-365	222	10	.	.	PUNCT
gp-365	222	11	https://doi.org/10.3390/su9091593	https://doi.org/10.3390/su9091593	PUNCT
gp-365	222	12	putri	putri	ADJ
gp-365	222	13	,	,	PUNCT
gp-365	222	14	i.	i.	PROPN
gp-365	222	15	a.	a.	PROPN
gp-365	222	16	(	(	PUNCT
gp-365	222	17	2025	2025	NUM
gp-365	222	18	)	)	PUNCT
gp-365	222	19	.	.	PUNCT
gp-365	223	1	implementation	implementation	NOUN
gp-365	223	2	of	of	ADP
gp-365	223	3	esg	esg	PROPN
gp-365	223	4	principles	principle	NOUN
gp-365	223	5	as	as	ADP
gp-365	223	6	a	a	DET
gp-365	223	7	corporate	corporate	ADJ
gp-365	223	8	sustainability	sustainability	NOUN
gp-365	223	9	strategy	strategy	NOUN
gp-365	223	10	:	:	PUNCT
gp-365	223	11	indonesian	indonesian	ADJ
gp-365	223	12	context	context	NOUN
gp-365	223	13	.	.	PUNCT
gp-365	224	1	journal	journal	PROPN
gp-365	224	2	of	of	ADP
gp-365	224	3	economic	economic	PROPN
gp-365	224	4	&	&	CCONJ
gp-365	224	5	environmental	environmental	ADJ
gp-365	224	6	studies	study	NOUN
gp-365	224	7	,	,	PUNCT
gp-365	224	8	6(2	6(2	NUM
gp-365	224	9	)	)	PUNCT
gp-365	224	10	.	.	PUNCT
gp-365	225	1	sugiarto	sugiarto	PROPN
gp-365	225	2	,	,	PUNCT
gp-365	225	3	a.	a.	NOUN
gp-365	225	4	,	,	PUNCT
gp-365	225	5	puspani	puspani	NOUN
gp-365	225	6	,	,	PUNCT
gp-365	225	7	n.	n.	PROPN
gp-365	225	8	n.	n.	PROPN
gp-365	225	9	,	,	PUNCT
gp-365	225	10	&	&	CCONJ
gp-365	225	11	fathia	fathia	PROPN
gp-365	225	12	,	,	PUNCT
gp-365	225	13	f.	f.	PROPN
gp-365	225	14	(	(	PUNCT
gp-365	225	15	2023	2023	NUM
gp-365	225	16	)	)	PUNCT
gp-365	225	17	.	.	PUNCT
gp-365	226	1	esg	esg	NOUN
gp-365	226	2	leverage	leverage	NOUN
gp-365	226	3	towards	towards	ADP
gp-365	226	4	stock	stock	NOUN
gp-365	226	5	performance	performance	NOUN
gp-365	226	6	in	in	ADP
gp-365	226	7	indonesia	indonesia	PROPN
gp-365	226	8	stock	stock	PROPN
gp-365	226	9	exchange	exchange	PROPN
gp-365	226	10	.	.	PUNCT
gp-365	227	1	international	international	ADJ
gp-365	227	2	journal	journal	PROPN
gp-365	227	3	of	of	ADP
gp-365	227	4	energy	energy	NOUN
gp-365	227	5	economics	economic	NOUN
gp-365	227	6	and	and	CCONJ
gp-365	227	7	policy	policy	NOUN
gp-365	227	8	,	,	PUNCT
gp-365	227	9	13(5	13(5	NUM
gp-365	227	10	)	)	PUNCT
gp-365	227	11	,	,	PUNCT
gp-365	227	12	593–606	593–606	NUM
gp-365	227	13	.	.	PUNCT
gp-365	228	1	https://doi.org/10.32479/ijeep.14384	https://doi.org/10.32479/ijeep.14384	PROPN
gp-365	228	2	yunica	yunica	PROPN
gp-365	228	3	,	,	PUNCT
gp-365	228	4	a.	a.	PROPN
gp-365	228	5	s.	s.	PROPN
gp-365	228	6	,	,	PUNCT
gp-365	228	7	et	et	PROPN
gp-365	228	8	al	al	PROPN
gp-365	228	9	.	.	PROPN
gp-365	229	1	(	(	PUNCT
gp-365	229	2	2023	2023	NUM
gp-365	229	3	)	)	PUNCT
gp-365	229	4	.	.	PUNCT
gp-365	230	1	unveiling	unveil	VERB
gp-365	230	2	the	the	DET
gp-365	230	3	hidden	hidden	ADJ
gp-365	230	4	power	power	NOUN
gp-365	230	5	:	:	PUNCT
gp-365	230	6	how	how	SCONJ
gp-365	230	7	esg	esg	PROPN
gp-365	230	8	enhanced	enhance	VERB
gp-365	230	9	indonesian	indonesian	ADJ
gp-365	230	10	companies	company	NOUN
gp-365	230	11	’	’	PART
gp-365	230	12	financial	financial	ADJ
gp-365	230	13	flexibility	flexibility	NOUN
gp-365	230	14	.	.	PUNCT
gp-365	231	1	jurnal	jurnal	ADJ
gp-365	231	2	sistem	sistem	PROPN
gp-365	231	3	&	&	CCONJ
gp-365	231	4	bisnis	bisnis	PROPN
gp-365	231	5	,	,	PUNCT
gp-365	231	6	11(2	11(2	NOUN
gp-365	231	7	)	)	PUNCT
gp-365	231	8	,	,	PUNCT
gp-365	231	9	172–186	172–186	NUM
gp-365	231	10	.	.	PUNCT
gp-365	232	1	zheng	zheng	PROPN
gp-365	232	2	,	,	PUNCT
gp-365	232	3	y.	y.	PROPN
gp-365	232	4	(	(	PUNCT
gp-365	232	5	2025	2025	NUM
gp-365	232	6	)	)	PUNCT
gp-365	232	7	.	.	PUNCT
gp-365	233	1	research	research	NOUN
gp-365	233	2	on	on	ADP
gp-365	233	3	the	the	DET
gp-365	233	4	impact	impact	NOUN
gp-365	233	5	of	of	ADP
gp-365	233	6	esg	esg	PROPN
gp-365	233	7	performance	performance	NOUN
gp-365	233	8	on	on	ADP
gp-365	233	9	firm	firm	ADJ
gp-365	233	10	value	value	NOUN
gp-365	233	11	.	.	PUNCT
gp-365	234	1	polish	polish	PROPN
gp-365	234	2	journal	journal	PROPN
gp-365	234	3	of	of	ADP
gp-365	234	4	environmental	environmental	ADJ
gp-365	234	5	studies	study	NOUN
gp-365	234	6	,	,	PUNCT
gp-365	234	7	34(x	34(x	NUM
gp-365	234	8	)	)	PUNCT
gp-365	234	9	.	.	PUNCT
gp-365	235	1	copyright	copyright	NOUN
gp-365	235	2	holders	holder	NOUN
gp-365	235	3	:	:	PUNCT
gp-365	235	4	eka	eka	PROPN
gp-365	235	5	sri	sri	PROPN
gp-365	235	6	mulyani	mulyani	PROPN
gp-365	235	7	siregar	siregar	NOUN
gp-365	235	8	,	,	PUNCT
gp-365	235	9	rosyeni	rosyeni	ADJ
gp-365	235	10	rasyid	rasyid	NOUN
gp-365	235	11	(	(	PUNCT
gp-365	235	12	2025	2025	NUM
gp-365	235	13	)	)	PUNCT
gp-365	235	14	first	first	ADJ
gp-365	235	15	publication	publication	NOUN
gp-365	236	1	right	right	NOUN
gp-365	236	2	:	:	PUNCT
gp-365	236	3	ajemb	ajemb	PROPN
gp-365	236	4	–	–	PUNCT
gp-365	236	5	american	american	ADJ
gp-365	236	6	journal	journal	PROPN
gp-365	236	7	of	of	ADP
gp-365	236	8	economic	economic	ADJ
gp-365	236	9	and	and	CCONJ
gp-365	236	10	management	management	NOUN
gp-365	236	11	business	business	NOUN
gp-365	236	12	https://doi.org/10.3390/su15118442	https://doi.org/10.3390/su15118442	X
gp-365	237	1	https://katadata.co.id/	https://katadata.co.id/	PROPN
gp-365	237	2	https://papers.ssrn.com/sol3/delivery.cfm/ssrn_id4579243_code4880954.pdf	https://papers.ssrn.com/sol3/delivery.cfm/ssrn_id4579243_code4880954.pdf	PROPN
gp-365	237	3	https://doi.org/10.1016/j.frl.2023.103587	https://doi.org/10.1016/j.frl.2023.103587	PROPN
gp-365	237	4	https://doi.org/10.32479/ijeep.14384	https://doi.org/10.32479/ijeep.14384	VERB