id	sid	tid	token	lemma	pos
easat-2335	1	1	edelweiss	edelweiss	PROPN
easat-2335	1	2	applied	apply	VERB
easat-2335	1	3	science	science	NOUN
easat-2335	1	4	and	and	CCONJ
easat-2335	1	5	technology	technology	NOUN
easat-2335	1	6	issn	issn	PROPN
easat-2335	1	7	:	:	PUNCT
easat-2335	1	8	2576	2576	NUM
easat-2335	1	9	-	-	SYM
easat-2335	1	10	8484	8484	NUM
easat-2335	1	11	vol	vol	NOUN
easat-2335	1	12	.	.	PROPN
easat-2335	1	13	8	8	NUM
easat-2335	1	14	,	,	PUNCT
easat-2335	1	15	no	no	INTJ
easat-2335	1	16	.	.	NOUN
easat-2335	1	17	6	6	NUM
easat-2335	1	18	,	,	PUNCT
easat-2335	1	19	1735	1735	NUM
easat-2335	1	20	-	-	SYM
easat-2335	1	21	1750	1750	NUM
easat-2335	1	22	2024	2024	NUM
easat-2335	1	23	publisher	publisher	NOUN
easat-2335	1	24	:	:	PUNCT
easat-2335	1	25	learning	learn	VERB
easat-2335	1	26	gate	gate	NOUN
easat-2335	1	27	doi	doi	PROPN
easat-2335	1	28	:	:	PUNCT
easat-2335	1	29	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	1	30	©	©	PROPN
easat-2335	1	31	2024	2024	NUM
easat-2335	1	32	by	by	ADP
easat-2335	1	33	the	the	DET
easat-2335	1	34	authors	author	NOUN
easat-2335	1	35	;	;	PUNCT
easat-2335	1	36	licensee	licensee	PROPN
easat-2335	1	37	learning	learning	NOUN
easat-2335	1	38	gate	gate	NOUN
easat-2335	1	39	©	©	PROPN
easat-2335	1	40	2024	2024	NUM
easat-2335	1	41	by	by	ADP
easat-2335	1	42	the	the	DET
easat-2335	1	43	authors	author	NOUN
easat-2335	1	44	;	;	PUNCT
easat-2335	1	45	licensee	licensee	PROPN
easat-2335	1	46	learning	learn	VERB
easat-2335	1	47	gate	gate	NOUN
easat-2335	1	48	*	*	PUNCT
easat-2335	1	49	correspondence	correspondence	NOUN
easat-2335	1	50	:	:	PUNCT
easat-2335	1	51	widyaningsih_azizah@univpancasila.ac.id	widyaningsih_azizah@univpancasila.ac.id	X
easat-2335	1	52	the	the	DET
easat-2335	1	53	double	double	ADJ
easat-2335	1	54	-	-	PUNCT
easat-2335	1	55	edged	edge	VERB
easat-2335	1	56	sword	sword	NOUN
easat-2335	1	57	of	of	ADP
easat-2335	1	58	transparency	transparency	NOUN
easat-2335	1	59	:	:	PUNCT
easat-2335	1	60	esg	esg	PROPN
easat-2335	1	61	disclosure	disclosure	NOUN
easat-2335	1	62	's	's	PART
easat-2335	1	63	effect	effect	NOUN
easat-2335	1	64	on	on	ADP
easat-2335	1	65	competitive	competitive	ADJ
easat-2335	1	66	dynamics	dynamic	NOUN
easat-2335	1	67	in	in	ADP
easat-2335	1	68	manufacturing	manufacture	VERB
easat-2335	1	69	lailah	lailah	ADP
easat-2335	1	70	fujianti1	fujianti1	NOUN
easat-2335	1	71	,	,	PUNCT
easat-2335	1	72	widyaningsih	widyaningsih	PROPN
easat-2335	1	73	azizah2	azizah2	PROPN
easat-2335	1	74	*	*	PROPN
easat-2335	1	75	,	,	PUNCT
easat-2335	1	76	nelyumna	nelyumna	ADJ
easat-2335	1	77	rizal3	rizal3	NOUN
easat-2335	2	1	1,2,3faculty	1,2,3faculty	NUM
easat-2335	2	2	of	of	ADP
easat-2335	2	3	economics	economic	NOUN
easat-2335	2	4	and	and	CCONJ
easat-2335	2	5	business	business	NOUN
easat-2335	2	6	,	,	PUNCT
easat-2335	2	7	pancasila	pancasila	PROPN
easat-2335	2	8	university	university	PROPN
easat-2335	2	9	;	;	PUNCT
easat-2335	2	10	widyaningsih_azizah@univpancasila.ac.id	widyaningsih_azizah@univpancasila.ac.id	X
easat-2335	2	11	(	(	PUNCT
easat-2335	2	12	w.a	w.a	PROPN
easat-2335	2	13	.	.	PROPN
easat-2335	2	14	)	)	PUNCT
easat-2335	2	15	.	.	PUNCT
easat-2335	3	1	abstract	abstract	ADV
easat-2335	3	2	:	:	PUNCT
easat-2335	3	3	this	this	DET
easat-2335	3	4	study	study	NOUN
easat-2335	3	5	explores	explore	VERB
easat-2335	3	6	the	the	DET
easat-2335	3	7	role	role	NOUN
easat-2335	3	8	and	and	CCONJ
easat-2335	3	9	impact	impact	NOUN
easat-2335	3	10	of	of	ADP
easat-2335	3	11	environmental	environmental	ADJ
easat-2335	3	12	,	,	PUNCT
easat-2335	3	13	social	social	ADJ
easat-2335	3	14	,	,	PUNCT
easat-2335	3	15	and	and	CCONJ
easat-2335	3	16	governance	governance	NOUN
easat-2335	3	17	(	(	PUNCT
easat-2335	3	18	esg	esg	NOUN
easat-2335	3	19	)	)	PUNCT
easat-2335	3	20	information	information	NOUN
easat-2335	3	21	on	on	ADP
easat-2335	3	22	investor	investor	NOUN
easat-2335	3	23	decision	decision	NOUN
easat-2335	3	24	-	-	PUNCT
easat-2335	3	25	making	making	NOUN
easat-2335	3	26	,	,	PUNCT
easat-2335	3	27	focusing	focus	VERB
easat-2335	3	28	on	on	ADP
easat-2335	3	29	the	the	DET
easat-2335	3	30	lack	lack	NOUN
easat-2335	3	31	of	of	ADP
easat-2335	3	32	standardized	standardized	ADJ
easat-2335	3	33	esg	esg	NOUN
easat-2335	3	34	reporting	reporting	NOUN
easat-2335	3	35	among	among	ADP
easat-2335	3	36	companies	company	NOUN
easat-2335	3	37	.	.	PUNCT
easat-2335	4	1	although	although	SCONJ
easat-2335	4	2	esg	esg	NOUN
easat-2335	4	3	disclosures	disclosure	NOUN
easat-2335	4	4	can	can	AUX
easat-2335	4	5	enhance	enhance	VERB
easat-2335	4	6	a	a	DET
easat-2335	4	7	company	company	NOUN
easat-2335	4	8	’s	’s	PART
easat-2335	4	9	legitimacy	legitimacy	NOUN
easat-2335	4	10	and	and	CCONJ
easat-2335	4	11	attract	attract	VERB
easat-2335	4	12	investor	investor	NOUN
easat-2335	4	13	interest	interest	NOUN
easat-2335	4	14	,	,	PUNCT
easat-2335	4	15	the	the	DET
easat-2335	4	16	voluntary	voluntary	ADJ
easat-2335	4	17	nature	nature	NOUN
easat-2335	4	18	of	of	ADP
easat-2335	4	19	reporting	reporting	NOUN
easat-2335	4	20	has	have	AUX
easat-2335	4	21	led	lead	VERB
easat-2335	4	22	to	to	ADP
easat-2335	4	23	inconsistent	inconsistent	ADJ
easat-2335	4	24	practices	practice	NOUN
easat-2335	4	25	and	and	CCONJ
easat-2335	4	26	limited	limited	ADJ
easat-2335	4	27	information	information	NOUN
easat-2335	4	28	quality	quality	NOUN
easat-2335	4	29	.	.	PUNCT
easat-2335	5	1	the	the	DET
easat-2335	5	2	research	research	NOUN
easat-2335	5	3	aims	aim	VERB
easat-2335	5	4	to	to	PART
easat-2335	5	5	develop	develop	VERB
easat-2335	5	6	a	a	DET
easat-2335	5	7	standardized	standardized	ADJ
easat-2335	5	8	esg	esg	NOUN
easat-2335	5	9	reporting	reporting	NOUN
easat-2335	5	10	model	model	NOUN
easat-2335	5	11	that	that	PRON
easat-2335	5	12	meets	meet	VERB
easat-2335	5	13	investor	investor	NOUN
easat-2335	5	14	needs	need	NOUN
easat-2335	5	15	while	while	SCONJ
easat-2335	5	16	assessing	assess	VERB
easat-2335	5	17	the	the	DET
easat-2335	5	18	effects	effect	NOUN
easat-2335	5	19	of	of	ADP
easat-2335	5	20	esg	esg	NOUN
easat-2335	5	21	performance	performance	NOUN
easat-2335	5	22	on	on	ADP
easat-2335	5	23	corporate	corporate	ADJ
easat-2335	5	24	outcomes	outcome	NOUN
easat-2335	5	25	.	.	PUNCT
easat-2335	6	1	using	use	VERB
easat-2335	6	2	a	a	DET
easat-2335	6	3	mixed	mixed	ADJ
easat-2335	6	4	-	-	PUNCT
easat-2335	6	5	methods	method	NOUN
easat-2335	6	6	approach	approach	NOUN
easat-2335	6	7	,	,	PUNCT
easat-2335	6	8	the	the	DET
easat-2335	6	9	study	study	NOUN
easat-2335	6	10	combines	combine	VERB
easat-2335	6	11	qualitative	qualitative	ADJ
easat-2335	6	12	research	research	NOUN
easat-2335	6	13	to	to	PART
easat-2335	6	14	formulate	formulate	VERB
easat-2335	6	15	an	an	DET
easat-2335	6	16	esg	esg	NOUN
easat-2335	6	17	reporting	reporting	NOUN
easat-2335	6	18	model	model	NOUN
easat-2335	6	19	and	and	CCONJ
easat-2335	6	20	quantitative	quantitative	ADJ
easat-2335	6	21	methods	method	NOUN
easat-2335	6	22	to	to	PART
easat-2335	6	23	evaluate	evaluate	VERB
easat-2335	6	24	its	its	PRON
easat-2335	6	25	impact	impact	NOUN
easat-2335	6	26	on	on	ADP
easat-2335	6	27	company	company	NOUN
easat-2335	6	28	performance	performance	NOUN
easat-2335	6	29	.	.	PUNCT
easat-2335	7	1	data	datum	NOUN
easat-2335	7	2	were	be	AUX
easat-2335	7	3	collected	collect	VERB
easat-2335	7	4	from	from	ADP
easat-2335	7	5	167	167	NUM
easat-2335	7	6	manufacturing	manufacturing	NOUN
easat-2335	7	7	companies	company	NOUN
easat-2335	7	8	in	in	ADP
easat-2335	7	9	indonesia	indonesia	PROPN
easat-2335	7	10	,	,	PUNCT
easat-2335	7	11	selected	select	VERB
easat-2335	7	12	based	base	VERB
easat-2335	7	13	on	on	ADP
easat-2335	7	14	their	their	PRON
easat-2335	7	15	consistent	consistent	ADJ
easat-2335	7	16	publication	publication	NOUN
easat-2335	7	17	of	of	ADP
easat-2335	7	18	sustainability	sustainability	NOUN
easat-2335	7	19	reports	report	NOUN
easat-2335	7	20	over	over	ADP
easat-2335	7	21	four	four	NUM
easat-2335	7	22	consecutive	consecutive	ADJ
easat-2335	7	23	years	year	NOUN
easat-2335	7	24	.	.	PUNCT
easat-2335	8	1	the	the	DET
easat-2335	8	2	findings	finding	NOUN
easat-2335	8	3	reveal	reveal	VERB
easat-2335	8	4	that	that	SCONJ
easat-2335	8	5	esg	esg	PROPN
easat-2335	8	6	shows	show	VERB
easat-2335	8	7	consistent	consistent	ADJ
easat-2335	8	8	high	high	ADJ
easat-2335	8	9	significance	significance	NOUN
easat-2335	8	10	across	across	ADP
easat-2335	8	11	all	all	DET
easat-2335	8	12	three	three	NUM
easat-2335	8	13	models	model	NOUN
easat-2335	8	14	(	(	PUNCT
easat-2335	8	15	sig	sig	NOUN
easat-2335	8	16	=	=	PUNCT
easat-2335	8	17	0.000	0.000	NUM
easat-2335	8	18	for	for	ADP
easat-2335	8	19	model-1	model-1	NUM
easat-2335	8	20	,	,	PUNCT
easat-2335	8	21	model-2	model-2	PROPN
easat-2335	8	22	,	,	PUNCT
easat-2335	8	23	and	and	CCONJ
easat-2335	8	24	model-3	model-3	NUM
easat-2335	8	25	regression	regression	NOUN
easat-2335	8	26	)	)	PUNCT
easat-2335	8	27	.	.	PUNCT
easat-2335	9	1	this	this	DET
easat-2335	9	2	uniform	uniform	ADJ
easat-2335	9	3	high	high	ADJ
easat-2335	9	4	significance	significance	NOUN
easat-2335	9	5	underscores	underscore	VERB
easat-2335	9	6	the	the	DET
easat-2335	9	7	growing	grow	VERB
easat-2335	9	8	importance	importance	NOUN
easat-2335	9	9	of	of	ADP
easat-2335	9	10	esg	esg	PROPN
easat-2335	9	11	factors	factor	NOUN
easat-2335	9	12	in	in	ADP
easat-2335	9	13	various	various	ADJ
easat-2335	9	14	aspects	aspect	NOUN
easat-2335	9	15	of	of	ADP
easat-2335	9	16	corporate	corporate	ADJ
easat-2335	9	17	performance	performance	NOUN
easat-2335	9	18	and	and	CCONJ
easat-2335	9	19	perception	perception	NOUN
easat-2335	9	20	.	.	PUNCT
easat-2335	10	1	it	it	PRON
easat-2335	10	2	suggests	suggest	VERB
easat-2335	10	3	that	that	SCONJ
easat-2335	10	4	esg	esg	PROPN
easat-2335	10	5	considerations	consideration	NOUN
easat-2335	10	6	are	be	AUX
easat-2335	10	7	integral	integral	ADJ
easat-2335	10	8	not	not	PART
easat-2335	10	9	only	only	ADV
easat-2335	10	10	to	to	ADP
easat-2335	10	11	stock	stock	NOUN
easat-2335	10	12	returns	return	NOUN
easat-2335	10	13	and	and	CCONJ
easat-2335	10	14	firm	firm	ADJ
easat-2335	10	15	valuation	valuation	NOUN
easat-2335	10	16	but	but	CCONJ
easat-2335	10	17	also	also	ADV
easat-2335	10	18	to	to	ADP
easat-2335	10	19	a	a	DET
easat-2335	10	20	company	company	NOUN
easat-2335	10	21	's	's	PART
easat-2335	10	22	competitive	competitive	ADJ
easat-2335	10	23	positioning	positioning	NOUN
easat-2335	10	24	.	.	PUNCT
easat-2335	11	1	the	the	DET
easat-2335	11	2	study	study	NOUN
easat-2335	11	3	concludes	conclude	VERB
easat-2335	11	4	that	that	SCONJ
easat-2335	11	5	while	while	SCONJ
easat-2335	11	6	esg	esg	PROPN
easat-2335	11	7	reporting	reporting	NOUN
easat-2335	11	8	is	be	AUX
easat-2335	11	9	essential	essential	ADJ
easat-2335	11	10	for	for	ADP
easat-2335	11	11	corporate	corporate	ADJ
easat-2335	11	12	transparency	transparency	NOUN
easat-2335	11	13	,	,	PUNCT
easat-2335	11	14	it	it	PRON
easat-2335	11	15	may	may	AUX
easat-2335	11	16	not	not	PART
easat-2335	11	17	always	always	ADV
easat-2335	11	18	align	align	VERB
easat-2335	11	19	with	with	ADP
easat-2335	11	20	positive	positive	ADJ
easat-2335	11	21	financial	financial	ADJ
easat-2335	11	22	outcomes	outcome	NOUN
easat-2335	11	23	.	.	PUNCT
easat-2335	12	1	this	this	PRON
easat-2335	12	2	suggests	suggest	VERB
easat-2335	12	3	the	the	DET
easat-2335	12	4	need	need	NOUN
easat-2335	12	5	for	for	ADP
easat-2335	12	6	more	more	ADV
easat-2335	12	7	comprehensive	comprehensive	ADJ
easat-2335	12	8	esg	esg	NOUN
easat-2335	12	9	frameworks	framework	NOUN
easat-2335	12	10	to	to	PART
easat-2335	12	11	balance	balance	VERB
easat-2335	12	12	investor	investor	NOUN
easat-2335	12	13	expectations	expectation	NOUN
easat-2335	12	14	and	and	CCONJ
easat-2335	12	15	corporate	corporate	ADJ
easat-2335	12	16	performance	performance	NOUN
easat-2335	12	17	.	.	PUNCT
easat-2335	13	1	keywords	keyword	NOUN
easat-2335	13	2	:	:	PUNCT
easat-2335	13	3	corporate	corporate	ADJ
easat-2335	13	4	performance	performance	NOUN
easat-2335	13	5	,	,	PUNCT
easat-2335	13	6	environmental	environmental	NOUN
easat-2335	13	7	,	,	PUNCT
easat-2335	13	8	esg	esg	PROPN
easat-2335	13	9	disclosure	disclosure	NOUN
easat-2335	13	10	,	,	PUNCT
easat-2335	13	11	governance	governance	NOUN
easat-2335	13	12	(	(	PUNCT
easat-2335	13	13	esg	esg	PROPN
easat-2335	13	14	)	)	PUNCT
easat-2335	13	15	,	,	PUNCT
easat-2335	13	16	investor	investor	NOUN
easat-2335	13	17	decision	decision	NOUN
easat-2335	13	18	-	-	PUNCT
easat-2335	13	19	making	making	NOUN
easat-2335	13	20	,	,	PUNCT
easat-2335	13	21	social	social	ADJ
easat-2335	13	22	,	,	PUNCT
easat-2335	13	23	stock	stock	NOUN
easat-2335	13	24	returns	return	NOUN
easat-2335	13	25	.	.	PUNCT
easat-2335	14	1	1	1	X
easat-2335	14	2	.	.	X
easat-2335	14	3	introduction	introduction	NOUN
easat-2335	14	4	over	over	ADP
easat-2335	14	5	the	the	DET
easat-2335	14	6	past	past	ADJ
easat-2335	14	7	few	few	ADJ
easat-2335	14	8	decades	decade	NOUN
easat-2335	14	9	,	,	PUNCT
easat-2335	14	10	environmental	environmental	ADJ
easat-2335	14	11	,	,	PUNCT
easat-2335	14	12	social	social	ADJ
easat-2335	14	13	,	,	PUNCT
easat-2335	14	14	and	and	CCONJ
easat-2335	14	15	governance	governance	NOUN
easat-2335	14	16	(	(	PUNCT
easat-2335	14	17	esg	esg	NOUN
easat-2335	14	18	)	)	PUNCT
easat-2335	14	19	activities	activity	NOUN
easat-2335	14	20	have	have	AUX
easat-2335	14	21	garnered	garner	VERB
easat-2335	14	22	significant	significant	ADJ
easat-2335	14	23	attention	attention	NOUN
easat-2335	14	24	from	from	ADP
easat-2335	14	25	businesses	business	NOUN
easat-2335	14	26	and	and	CCONJ
easat-2335	14	27	stakeholders	stakeholder	NOUN
easat-2335	14	28	.	.	PUNCT
easat-2335	15	1	esg	esg	PROPN
easat-2335	15	2	initiatives	initiative	NOUN
easat-2335	15	3	,	,	PUNCT
easat-2335	15	4	encompassing	encompass	VERB
easat-2335	15	5	environmental	environmental	ADJ
easat-2335	15	6	stewardship	stewardship	NOUN
easat-2335	15	7	,	,	PUNCT
easat-2335	15	8	social	social	ADJ
easat-2335	15	9	responsibility	responsibility	NOUN
easat-2335	15	10	,	,	PUNCT
easat-2335	15	11	and	and	CCONJ
easat-2335	15	12	governance	governance	NOUN
easat-2335	15	13	practices	practice	NOUN
easat-2335	15	14	,	,	PUNCT
easat-2335	15	15	are	be	AUX
easat-2335	15	16	vital	vital	ADJ
easat-2335	15	17	to	to	ADP
easat-2335	15	18	ensuring	ensure	VERB
easat-2335	15	19	the	the	DET
easat-2335	15	20	long	long	ADJ
easat-2335	15	21	-	-	PUNCT
easat-2335	15	22	term	term	NOUN
easat-2335	15	23	sustainability	sustainability	NOUN
easat-2335	15	24	of	of	ADP
easat-2335	15	25	businesses	business	NOUN
easat-2335	15	26	and	and	CCONJ
easat-2335	15	27	societies	society	NOUN
easat-2335	15	28	[	[	X
easat-2335	15	29	1	1	NUM
easat-2335	15	30	]	]	PUNCT
easat-2335	15	31	.	.	PUNCT
easat-2335	16	1	these	these	DET
easat-2335	16	2	three	three	NUM
easat-2335	16	3	pillars	pillar	NOUN
easat-2335	16	4	address	address	NOUN
easat-2335	16	5	a	a	DET
easat-2335	16	6	wide	wide	ADJ
easat-2335	16	7	range	range	NOUN
easat-2335	16	8	of	of	ADP
easat-2335	16	9	issues	issue	NOUN
easat-2335	16	10	:	:	PUNCT
easat-2335	16	11	environmental	environmental	ADJ
easat-2335	16	12	considerations	consideration	NOUN
easat-2335	16	13	focus	focus	VERB
easat-2335	16	14	on	on	ADP
easat-2335	16	15	ecosystem	ecosystem	NOUN
easat-2335	16	16	preservation	preservation	NOUN
easat-2335	16	17	,	,	PUNCT
easat-2335	16	18	pollution	pollution	NOUN
easat-2335	16	19	control	control	NOUN
easat-2335	16	20	,	,	PUNCT
easat-2335	16	21	and	and	CCONJ
easat-2335	16	22	natural	natural	ADJ
easat-2335	16	23	resource	resource	NOUN
easat-2335	16	24	management	management	NOUN
easat-2335	16	25	,	,	PUNCT
easat-2335	16	26	while	while	SCONJ
easat-2335	16	27	social	social	ADJ
easat-2335	16	28	factors	factor	NOUN
easat-2335	16	29	cover	cover	VERB
easat-2335	16	30	human	human	ADJ
easat-2335	16	31	rights	right	NOUN
easat-2335	16	32	,	,	PUNCT
easat-2335	16	33	labor	labor	NOUN
easat-2335	16	34	practices	practice	NOUN
easat-2335	16	35	,	,	PUNCT
easat-2335	16	36	and	and	CCONJ
easat-2335	16	37	community	community	NOUN
easat-2335	16	38	engagement	engagement	NOUN
easat-2335	16	39	.	.	PUNCT
easat-2335	17	1	governance	governance	NOUN
easat-2335	17	2	,	,	PUNCT
easat-2335	17	3	on	on	ADP
easat-2335	17	4	the	the	DET
easat-2335	17	5	other	other	ADJ
easat-2335	17	6	hand	hand	NOUN
easat-2335	17	7	,	,	PUNCT
easat-2335	17	8	emphasizes	emphasize	VERB
easat-2335	17	9	transparency	transparency	NOUN
easat-2335	17	10	,	,	PUNCT
easat-2335	17	11	accountability	accountability	NOUN
easat-2335	17	12	,	,	PUNCT
easat-2335	17	13	and	and	CCONJ
easat-2335	17	14	ethical	ethical	ADJ
easat-2335	17	15	decision	decision	NOUN
easat-2335	17	16	-	-	PUNCT
easat-2335	17	17	making	making	NOUN
easat-2335	17	18	.	.	PUNCT
easat-2335	18	1	together	together	ADV
easat-2335	18	2	,	,	PUNCT
easat-2335	18	3	these	these	DET
easat-2335	18	4	principles	principle	NOUN
easat-2335	18	5	form	form	VERB
easat-2335	18	6	a	a	DET
easat-2335	18	7	framework	framework	NOUN
easat-2335	18	8	for	for	ADP
easat-2335	18	9	corporate	corporate	ADJ
easat-2335	18	10	sustainability	sustainability	NOUN
easat-2335	18	11	that	that	PRON
easat-2335	18	12	contributes	contribute	VERB
easat-2335	18	13	to	to	ADP
easat-2335	18	14	broader	broad	ADJ
easat-2335	18	15	societal	societal	ADJ
easat-2335	18	16	and	and	CCONJ
easat-2335	18	17	environmental	environmental	ADJ
easat-2335	18	18	well	well	ADV
easat-2335	18	19	-	-	PUNCT
easat-2335	18	20	being	be	AUX
easat-2335	18	21	[	[	X
easat-2335	18	22	2	2	NUM
easat-2335	18	23	]	]	PUNCT
easat-2335	18	24	.	.	PUNCT
easat-2335	19	1	in	in	ADP
easat-2335	19	2	response	response	NOUN
easat-2335	19	3	to	to	ADP
easat-2335	19	4	rising	rise	VERB
easat-2335	19	5	concerns	concern	NOUN
easat-2335	19	6	about	about	ADP
easat-2335	19	7	sustainability	sustainability	NOUN
easat-2335	19	8	,	,	PUNCT
easat-2335	19	9	various	various	ADJ
easat-2335	19	10	organizations	organization	NOUN
easat-2335	19	11	and	and	CCONJ
easat-2335	19	12	institutions	institution	NOUN
easat-2335	19	13	,	,	PUNCT
easat-2335	19	14	including	include	VERB
easat-2335	19	15	the	the	DET
easat-2335	19	16	united	united	PROPN
easat-2335	19	17	nations	nations	PROPN
easat-2335	19	18	(	(	PUNCT
easat-2335	19	19	un	un	PROPN
easat-2335	19	20	)	)	PUNCT
easat-2335	19	21	,	,	PUNCT
easat-2335	19	22	have	have	AUX
easat-2335	19	23	urged	urge	VERB
easat-2335	19	24	businesses	business	NOUN
easat-2335	19	25	to	to	PART
easat-2335	19	26	incorporate	incorporate	VERB
easat-2335	19	27	and	and	CCONJ
easat-2335	19	28	disclose	disclose	VERB
easat-2335	19	29	esg	esg	NOUN
easat-2335	19	30	practices	practice	NOUN
easat-2335	19	31	as	as	ADP
easat-2335	19	32	part	part	NOUN
easat-2335	19	33	of	of	ADP
easat-2335	19	34	their	their	PRON
easat-2335	19	35	corporate	corporate	ADJ
easat-2335	19	36	responsibility	responsibility	NOUN
easat-2335	19	37	initiatives	initiative	NOUN
easat-2335	19	38	.	.	PUNCT
easat-2335	20	1	as	as	ADP
easat-2335	20	2	part	part	NOUN
easat-2335	20	3	of	of	ADP
easat-2335	20	4	this	this	DET
easat-2335	20	5	effort	effort	NOUN
easat-2335	20	6	,	,	PUNCT
easat-2335	20	7	governments	government	NOUN
easat-2335	20	8	in	in	ADP
easat-2335	20	9	several	several	ADJ
easat-2335	20	10	countries	country	NOUN
easat-2335	20	11	have	have	AUX
easat-2335	20	12	introduced	introduce	VERB
easat-2335	20	13	policies	policy	NOUN
easat-2335	20	14	and	and	CCONJ
easat-2335	20	15	incentives	incentive	NOUN
easat-2335	20	16	,	,	PUNCT
easat-2335	20	17	such	such	ADJ
easat-2335	20	18	as	as	ADP
easat-2335	20	19	tax	tax	NOUN
easat-2335	20	20	benefits	benefit	NOUN
easat-2335	20	21	,	,	PUNCT
easat-2335	20	22	to	to	PART
easat-2335	20	23	encourage	encourage	VERB
easat-2335	20	24	companies	company	NOUN
easat-2335	20	25	to	to	PART
easat-2335	20	26	adopt	adopt	VERB
easat-2335	20	27	and	and	CCONJ
easat-2335	20	28	report	report	VERB
easat-2335	20	29	on	on	ADP
easat-2335	20	30	their	their	PRON
easat-2335	20	31	esg	esg	NOUN
easat-2335	20	32	activities	activity	NOUN
easat-2335	20	33	[	[	X
easat-2335	20	34	3	3	NUM
easat-2335	20	35	]	]	PUNCT
easat-2335	20	36	.	.	PUNCT
easat-2335	21	1	for	for	ADP
easat-2335	21	2	example	example	NOUN
easat-2335	21	3	,	,	PUNCT
easat-2335	21	4	indonesia	indonesia	PROPN
easat-2335	21	5	has	have	AUX
easat-2335	21	6	increasingly	increasingly	ADV
easat-2335	21	7	emphasized	emphasize	VERB
easat-2335	21	8	green	green	ADJ
easat-2335	21	9	accounting	accounting	NOUN
easat-2335	21	10	,	,	PUNCT
easat-2335	21	11	a	a	DET
easat-2335	21	12	practice	practice	NOUN
easat-2335	21	13	that	that	PRON
easat-2335	21	14	integrates	integrate	VERB
easat-2335	21	15	environmental	environmental	ADJ
easat-2335	21	16	aspects	aspect	NOUN
easat-2335	21	17	into	into	ADP
easat-2335	21	18	financial	financial	ADJ
easat-2335	21	19	reporting	reporting	NOUN
easat-2335	21	20	,	,	PUNCT
easat-2335	21	21	highlighting	highlight	VERB
easat-2335	21	22	how	how	SCONJ
easat-2335	21	23	1736	1736	NUM
easat-2335	21	24	edelweiss	edelweiss	PROPN
easat-2335	21	25	applied	apply	VERB
easat-2335	21	26	science	science	NOUN
easat-2335	21	27	and	and	CCONJ
easat-2335	21	28	technology	technology	NOUN
easat-2335	21	29	issn	issn	PROPN
easat-2335	21	30	:	:	PUNCT
easat-2335	21	31	2576	2576	NUM
easat-2335	21	32	-	-	SYM
easat-2335	21	33	8484	8484	NUM
easat-2335	21	34	vol	vol	NOUN
easat-2335	21	35	.	.	PROPN
easat-2335	22	1	8	8	NUM
easat-2335	22	2	,	,	PUNCT
easat-2335	22	3	no	no	INTJ
easat-2335	22	4	.	.	NOUN
easat-2335	23	1	6	6	NUM
easat-2335	23	2	:	:	SYM
easat-2335	23	3	1735	1735	NUM
easat-2335	23	4	-	-	SYM
easat-2335	23	5	1750	1750	NUM
easat-2335	23	6	,	,	PUNCT
easat-2335	23	7	2024	2024	NUM
easat-2335	23	8	doi	doi	NOUN
easat-2335	23	9	:	:	PUNCT
easat-2335	23	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	23	11	©	©	PROPN
easat-2335	23	12	2024	2024	NUM
easat-2335	23	13	by	by	ADP
easat-2335	23	14	the	the	DET
easat-2335	23	15	authors	author	NOUN
easat-2335	23	16	;	;	PUNCT
easat-2335	23	17	licensee	licensee	PROPN
easat-2335	23	18	learning	learn	VERB
easat-2335	23	19	gate	gate	NOUN
easat-2335	23	20	sustainability	sustainability	NOUN
easat-2335	23	21	concerns	concern	NOUN
easat-2335	23	22	have	have	AUX
easat-2335	23	23	permeated	permeate	VERB
easat-2335	23	24	even	even	ADV
easat-2335	23	25	traditional	traditional	ADJ
easat-2335	23	26	financial	financial	ADJ
easat-2335	23	27	systems	system	NOUN
easat-2335	23	28	[	[	X
easat-2335	23	29	4	4	NUM
easat-2335	23	30	]	]	PUNCT
easat-2335	23	31	.	.	PUNCT
easat-2335	24	1	the	the	DET
easat-2335	24	2	transparency	transparency	NOUN
easat-2335	24	3	offered	offer	VERB
easat-2335	24	4	by	by	ADP
easat-2335	24	5	esg	esg	PROPN
easat-2335	24	6	reporting	reporting	NOUN
easat-2335	24	7	provides	provide	VERB
easat-2335	24	8	critical	critical	ADJ
easat-2335	24	9	information	information	NOUN
easat-2335	24	10	to	to	ADP
easat-2335	24	11	stakeholders	stakeholder	NOUN
easat-2335	24	12	,	,	PUNCT
easat-2335	24	13	including	include	VERB
easat-2335	24	14	investors	investor	NOUN
easat-2335	24	15	,	,	PUNCT
easat-2335	24	16	regulators	regulator	NOUN
easat-2335	24	17	,	,	PUNCT
easat-2335	24	18	and	and	CCONJ
easat-2335	24	19	the	the	DET
easat-2335	24	20	general	general	ADJ
easat-2335	24	21	public	public	NOUN
easat-2335	24	22	,	,	PUNCT
easat-2335	24	23	who	who	PRON
easat-2335	24	24	are	be	AUX
easat-2335	24	25	becoming	become	VERB
easat-2335	24	26	increasingly	increasingly	ADV
easat-2335	24	27	conscious	conscious	ADJ
easat-2335	24	28	of	of	ADP
easat-2335	24	29	the	the	DET
easat-2335	24	30	role	role	NOUN
easat-2335	24	31	businesses	business	NOUN
easat-2335	24	32	play	play	VERB
easat-2335	24	33	in	in	ADP
easat-2335	24	34	addressing	address	VERB
easat-2335	24	35	environmental	environmental	ADJ
easat-2335	24	36	and	and	CCONJ
easat-2335	24	37	social	social	ADJ
easat-2335	24	38	challenges	challenge	NOUN
easat-2335	24	39	[	[	X
easat-2335	24	40	5	5	NUM
easat-2335	24	41	]	]	PUNCT
easat-2335	24	42	.	.	PUNCT
easat-2335	25	1	environmental	environmental	ADJ
easat-2335	25	2	disclosure	disclosure	NOUN
easat-2335	25	3	,	,	PUNCT
easat-2335	25	4	in	in	ADP
easat-2335	25	5	particular	particular	ADJ
easat-2335	25	6	,	,	PUNCT
easat-2335	25	7	has	have	AUX
easat-2335	25	8	emerged	emerge	VERB
easat-2335	25	9	as	as	ADP
easat-2335	25	10	a	a	DET
easat-2335	25	11	focal	focal	ADJ
easat-2335	25	12	point	point	NOUN
easat-2335	25	13	for	for	ADP
easat-2335	25	14	many	many	ADJ
easat-2335	25	15	stakeholders	stakeholder	NOUN
easat-2335	25	16	,	,	PUNCT
easat-2335	25	17	given	give	VERB
easat-2335	25	18	the	the	DET
easat-2335	25	19	urgency	urgency	NOUN
easat-2335	25	20	of	of	ADP
easat-2335	25	21	environmental	environmental	ADJ
easat-2335	25	22	conservation	conservation	NOUN
easat-2335	25	23	efforts	effort	NOUN
easat-2335	25	24	.	.	PUNCT
easat-2335	26	1	these	these	DET
easat-2335	26	2	disclosures	disclosure	NOUN
easat-2335	26	3	offer	offer	VERB
easat-2335	26	4	insight	insight	NOUN
easat-2335	26	5	into	into	ADP
easat-2335	26	6	a	a	DET
easat-2335	26	7	company	company	NOUN
easat-2335	26	8	's	's	PART
easat-2335	26	9	initiatives	initiative	NOUN
easat-2335	26	10	to	to	PART
easat-2335	26	11	mitigate	mitigate	VERB
easat-2335	26	12	environmental	environmental	ADJ
easat-2335	26	13	risks	risk	NOUN
easat-2335	26	14	,	,	PUNCT
easat-2335	26	15	manage	manage	VERB
easat-2335	26	16	energy	energy	NOUN
easat-2335	26	17	consumption	consumption	NOUN
easat-2335	26	18	,	,	PUNCT
easat-2335	26	19	and	and	CCONJ
easat-2335	26	20	reduce	reduce	VERB
easat-2335	26	21	emissions	emission	NOUN
easat-2335	26	22	[	[	X
easat-2335	26	23	6	6	NUM
easat-2335	26	24	]	]	PUNCT
easat-2335	26	25	,	,	PUNCT
easat-2335	26	26	[	[	X
easat-2335	26	27	7	7	NUM
easat-2335	26	28	]	]	PUNCT
easat-2335	26	29	.	.	PUNCT
easat-2335	27	1	such	such	ADJ
easat-2335	27	2	transparency	transparency	NOUN
easat-2335	27	3	not	not	PART
easat-2335	27	4	only	only	ADV
easat-2335	27	5	meets	meet	VERB
easat-2335	27	6	regulatory	regulatory	ADJ
easat-2335	27	7	requirements	requirement	NOUN
easat-2335	27	8	but	but	CCONJ
easat-2335	27	9	also	also	ADV
easat-2335	27	10	serves	serve	VERB
easat-2335	27	11	as	as	ADP
easat-2335	27	12	a	a	DET
easat-2335	27	13	tool	tool	NOUN
easat-2335	27	14	to	to	PART
easat-2335	27	15	enhance	enhance	VERB
easat-2335	27	16	a	a	DET
easat-2335	27	17	company	company	NOUN
easat-2335	27	18	's	's	PART
easat-2335	27	19	reputation	reputation	NOUN
easat-2335	27	20	and	and	CCONJ
easat-2335	27	21	legitimacy	legitimacy	NOUN
easat-2335	27	22	in	in	ADP
easat-2335	27	23	the	the	DET
easat-2335	27	24	public	public	ADJ
easat-2335	27	25	sphere	sphere	NOUN
easat-2335	27	26	.	.	PUNCT
easat-2335	28	1	this	this	PRON
easat-2335	28	2	aligns	align	VERB
easat-2335	28	3	with	with	ADP
easat-2335	28	4	the	the	DET
easat-2335	28	5	research	research	NOUN
easat-2335	28	6	of	of	ADP
easat-2335	28	7	halid	halid	PROPN
easat-2335	28	8	et	et	PROPN
easat-2335	28	9	al	al	PROPN
easat-2335	28	10	.	.	PROPN
easat-2335	29	1	(	(	PUNCT
easat-2335	29	2	2023	2023	NUM
easat-2335	29	3	)	)	PUNCT
easat-2335	29	4	,	,	PUNCT
easat-2335	29	5	who	who	PRON
easat-2335	29	6	found	find	VERB
easat-2335	29	7	that	that	SCONJ
easat-2335	29	8	enhanced	enhance	VERB
easat-2335	29	9	esg	esg	PROPN
easat-2335	29	10	reporting	reporting	NOUN
easat-2335	29	11	,	,	PUNCT
easat-2335	29	12	particularly	particularly	ADV
easat-2335	29	13	regarding	regard	VERB
easat-2335	29	14	environmental	environmental	ADJ
easat-2335	29	15	concerns	concern	NOUN
easat-2335	29	16	,	,	PUNCT
easat-2335	29	17	can	can	AUX
easat-2335	29	18	improve	improve	VERB
easat-2335	29	19	a	a	DET
easat-2335	29	20	company	company	NOUN
easat-2335	29	21	's	's	PART
easat-2335	29	22	credibility	credibility	NOUN
easat-2335	29	23	and	and	CCONJ
easat-2335	29	24	lower	low	ADJ
easat-2335	29	25	capital	capital	NOUN
easat-2335	29	26	costs	cost	NOUN
easat-2335	29	27	,	,	PUNCT
easat-2335	29	28	creating	create	VERB
easat-2335	29	29	a	a	DET
easat-2335	29	30	positive	positive	ADJ
easat-2335	29	31	feedback	feedback	NOUN
easat-2335	29	32	loop	loop	NOUN
easat-2335	29	33	that	that	PRON
easat-2335	29	34	encourages	encourage	VERB
easat-2335	29	35	further	further	ADJ
easat-2335	29	36	investment	investment	NOUN
easat-2335	29	37	.	.	PUNCT
easat-2335	30	1	by	by	ADP
easat-2335	30	2	aligning	align	VERB
easat-2335	30	3	corporate	corporate	ADJ
easat-2335	30	4	strategies	strategy	NOUN
easat-2335	30	5	with	with	ADP
easat-2335	30	6	societal	societal	ADJ
easat-2335	30	7	values	value	NOUN
easat-2335	30	8	and	and	CCONJ
easat-2335	30	9	expectations	expectation	NOUN
easat-2335	30	10	,	,	PUNCT
easat-2335	30	11	esg	esg	PROPN
easat-2335	30	12	disclosures	disclosure	NOUN
easat-2335	30	13	provide	provide	VERB
easat-2335	30	14	businesses	business	NOUN
easat-2335	30	15	with	with	ADP
easat-2335	30	16	a	a	DET
easat-2335	30	17	means	means	NOUN
easat-2335	30	18	of	of	ADP
easat-2335	30	19	securing	secure	VERB
easat-2335	30	20	long	long	ADJ
easat-2335	30	21	-	-	PUNCT
easat-2335	30	22	term	term	NOUN
easat-2335	30	23	sustainability	sustainability	NOUN
easat-2335	30	24	and	and	CCONJ
easat-2335	30	25	minimizing	minimize	VERB
easat-2335	30	26	risks	risk	NOUN
easat-2335	30	27	.	.	PUNCT
easat-2335	31	1	esg	esg	NOUN
easat-2335	31	2	information	information	NOUN
easat-2335	31	3	is	be	AUX
easat-2335	31	4	equally	equally	ADV
easat-2335	31	5	important	important	ADJ
easat-2335	31	6	to	to	ADP
easat-2335	31	7	investors	investor	NOUN
easat-2335	31	8	.	.	PUNCT
easat-2335	32	1	it	it	PRON
easat-2335	32	2	serves	serve	VERB
easat-2335	32	3	as	as	ADP
easat-2335	32	4	a	a	DET
easat-2335	32	5	key	key	ADJ
easat-2335	32	6	factor	factor	NOUN
easat-2335	32	7	in	in	ADP
easat-2335	32	8	determining	determine	VERB
easat-2335	32	9	a	a	DET
easat-2335	32	10	company	company	NOUN
easat-2335	32	11	’s	’s	PART
easat-2335	32	12	risk	risk	NOUN
easat-2335	32	13	profile	profile	NOUN
easat-2335	32	14	,	,	PUNCT
easat-2335	32	15	operational	operational	ADJ
easat-2335	32	16	sustainability	sustainability	NOUN
easat-2335	32	17	,	,	PUNCT
easat-2335	32	18	and	and	CCONJ
easat-2335	32	19	financial	financial	ADJ
easat-2335	32	20	health	health	NOUN
easat-2335	32	21	.	.	PUNCT
easat-2335	33	1	incorporating	incorporate	VERB
easat-2335	33	2	esg	esg	PROPN
easat-2335	33	3	considerations	consideration	NOUN
easat-2335	33	4	into	into	ADP
easat-2335	33	5	the	the	DET
easat-2335	33	6	investment	investment	NOUN
easat-2335	33	7	decision	decision	NOUN
easat-2335	33	8	-	-	PUNCT
easat-2335	33	9	making	make	VERB
easat-2335	33	10	process	process	NOUN
easat-2335	33	11	allows	allow	VERB
easat-2335	33	12	investors	investor	NOUN
easat-2335	33	13	to	to	PART
easat-2335	33	14	make	make	VERB
easat-2335	33	15	more	more	ADV
easat-2335	33	16	informed	informed	ADJ
easat-2335	33	17	choices	choice	NOUN
easat-2335	33	18	by	by	ADP
easat-2335	33	19	evaluating	evaluate	VERB
easat-2335	33	20	companies	company	NOUN
easat-2335	33	21	not	not	PART
easat-2335	33	22	just	just	ADV
easat-2335	33	23	on	on	ADP
easat-2335	33	24	financial	financial	ADJ
easat-2335	33	25	performance	performance	NOUN
easat-2335	33	26	but	but	CCONJ
easat-2335	33	27	also	also	ADV
easat-2335	33	28	on	on	ADP
easat-2335	33	29	non	non	ADJ
easat-2335	33	30	-	-	ADJ
easat-2335	33	31	financial	financial	ADJ
easat-2335	33	32	metrics	metric	NOUN
easat-2335	33	33	that	that	PRON
easat-2335	33	34	could	could	AUX
easat-2335	33	35	affect	affect	VERB
easat-2335	33	36	long	long	ADJ
easat-2335	33	37	-	-	PUNCT
easat-2335	33	38	term	term	NOUN
easat-2335	33	39	outcomes	outcome	NOUN
easat-2335	33	40	(	(	PUNCT
easat-2335	33	41	chen	chen	PROPN
easat-2335	33	42	,	,	PUNCT
easat-2335	33	43	song	song	NOUN
easat-2335	33	44	,	,	PUNCT
easat-2335	33	45	and	and	CCONJ
easat-2335	33	46	gao	gao	PROPN
easat-2335	33	47	2023	2023	NUM
easat-2335	33	48	)	)	PUNCT
easat-2335	33	49	.	.	PUNCT
easat-2335	34	1	research	research	NOUN
easat-2335	34	2	has	have	AUX
easat-2335	34	3	shown	show	VERB
easat-2335	34	4	that	that	SCONJ
easat-2335	34	5	companies	company	NOUN
easat-2335	34	6	with	with	ADP
easat-2335	34	7	high	high	ADJ
easat-2335	34	8	esg	esg	NOUN
easat-2335	34	9	performance	performance	NOUN
easat-2335	34	10	often	often	ADV
easat-2335	34	11	receive	receive	VERB
easat-2335	34	12	favorable	favorable	ADJ
easat-2335	34	13	ratings	rating	NOUN
easat-2335	34	14	from	from	ADP
easat-2335	34	15	investors	investor	NOUN
easat-2335	34	16	,	,	PUNCT
easat-2335	34	17	who	who	PRON
easat-2335	34	18	view	view	VERB
easat-2335	34	19	these	these	DET
easat-2335	34	20	firms	firm	NOUN
easat-2335	34	21	as	as	ADP
easat-2335	34	22	better	well	ADV
easat-2335	34	23	aligned	align	VERB
easat-2335	34	24	with	with	ADP
easat-2335	34	25	long	long	ADJ
easat-2335	34	26	-	-	PUNCT
easat-2335	34	27	term	term	NOUN
easat-2335	34	28	growth	growth	NOUN
easat-2335	34	29	and	and	CCONJ
easat-2335	34	30	risk	risk	NOUN
easat-2335	34	31	mitigation	mitigation	NOUN
easat-2335	34	32	strategies	strategy	NOUN
easat-2335	34	33	[	[	X
easat-2335	34	34	10	10	NUM
easat-2335	34	35	]	]	PUNCT
easat-2335	34	36	.	.	PUNCT
easat-2335	35	1	as	as	SCONJ
easat-2335	35	2	el	el	PROPN
easat-2335	35	3	khoury	khoury	PROPN
easat-2335	35	4	,	,	PUNCT
easat-2335	35	5	nasrallah	nasrallah	PROPN
easat-2335	35	6	,	,	PUNCT
easat-2335	35	7	and	and	CCONJ
easat-2335	35	8	alareeni	alareeni	NOUN
easat-2335	35	9	(	(	PUNCT
easat-2335	35	10	2023	2023	NUM
easat-2335	35	11	)	)	PUNCT
easat-2335	35	12	explain	explain	VERB
easat-2335	35	13	,	,	PUNCT
easat-2335	35	14	strong	strong	ADJ
easat-2335	35	15	esg	esg	NOUN
easat-2335	35	16	performance	performance	NOUN
easat-2335	35	17	not	not	PART
easat-2335	35	18	only	only	ADV
easat-2335	35	19	fosters	foster	VERB
easat-2335	35	20	public	public	ADJ
easat-2335	35	21	trust	trust	NOUN
easat-2335	35	22	but	but	CCONJ
easat-2335	35	23	also	also	ADV
easat-2335	35	24	protects	protect	VERB
easat-2335	35	25	businesses	business	NOUN
easat-2335	35	26	from	from	ADP
easat-2335	35	27	potential	potential	ADJ
easat-2335	35	28	claims	claim	NOUN
easat-2335	35	29	related	relate	VERB
easat-2335	35	30	to	to	ADP
easat-2335	35	31	environmental	environmental	ADJ
easat-2335	35	32	violations	violation	NOUN
easat-2335	35	33	or	or	CCONJ
easat-2335	35	34	social	social	ADJ
easat-2335	35	35	misconduct	misconduct	NOUN
easat-2335	35	36	,	,	PUNCT
easat-2335	35	37	thereby	thereby	ADV
easat-2335	35	38	safeguarding	safeguard	VERB
easat-2335	35	39	their	their	PRON
easat-2335	35	40	reputation	reputation	NOUN
easat-2335	35	41	and	and	CCONJ
easat-2335	35	42	financial	financial	ADJ
easat-2335	35	43	standing	standing	NOUN
easat-2335	35	44	.	.	PUNCT
easat-2335	36	1	despite	despite	SCONJ
easat-2335	36	2	the	the	DET
easat-2335	36	3	growing	grow	VERB
easat-2335	36	4	importance	importance	NOUN
easat-2335	36	5	of	of	ADP
easat-2335	36	6	esg	esg	NOUN
easat-2335	36	7	activities	activity	NOUN
easat-2335	36	8	and	and	CCONJ
easat-2335	36	9	the	the	DET
easat-2335	36	10	increasing	increase	VERB
easat-2335	36	11	awareness	awareness	NOUN
easat-2335	36	12	of	of	ADP
easat-2335	36	13	their	their	PRON
easat-2335	36	14	benefits	benefit	NOUN
easat-2335	36	15	,	,	PUNCT
easat-2335	36	16	many	many	ADJ
easat-2335	36	17	companies	company	NOUN
easat-2335	36	18	still	still	ADV
easat-2335	36	19	fail	fail	VERB
easat-2335	36	20	to	to	PART
easat-2335	36	21	provide	provide	VERB
easat-2335	36	22	comprehensive	comprehensive	ADJ
easat-2335	36	23	disclosures	disclosure	NOUN
easat-2335	36	24	on	on	ADP
easat-2335	36	25	their	their	PRON
easat-2335	36	26	esg	esg	NOUN
easat-2335	36	27	practices	practice	NOUN
easat-2335	36	28	.	.	PUNCT
easat-2335	37	1	esg	esg	NOUN
easat-2335	37	2	reporting	reporting	NOUN
easat-2335	37	3	is	be	AUX
easat-2335	37	4	largely	largely	ADV
easat-2335	37	5	voluntary	voluntary	ADJ
easat-2335	37	6	in	in	ADP
easat-2335	37	7	many	many	ADJ
easat-2335	37	8	regions	region	NOUN
easat-2335	37	9	,	,	PUNCT
easat-2335	37	10	including	include	VERB
easat-2335	37	11	indonesia	indonesia	PROPN
easat-2335	37	12	,	,	PUNCT
easat-2335	37	13	where	where	SCONJ
easat-2335	37	14	firms	firm	NOUN
easat-2335	37	15	can	can	AUX
easat-2335	37	16	choose	choose	VERB
easat-2335	37	17	which	which	DET
easat-2335	37	18	aspects	aspect	NOUN
easat-2335	37	19	to	to	PART
easat-2335	37	20	disclose	disclose	VERB
easat-2335	37	21	.	.	PUNCT
easat-2335	38	1	this	this	DET
easat-2335	38	2	flexibility	flexibility	NOUN
easat-2335	38	3	leads	lead	VERB
easat-2335	38	4	to	to	ADP
easat-2335	38	5	inconsistent	inconsistent	ADJ
easat-2335	38	6	and	and	CCONJ
easat-2335	38	7	incomplete	incomplete	ADJ
easat-2335	38	8	information	information	NOUN
easat-2335	38	9	,	,	PUNCT
easat-2335	38	10	making	make	VERB
easat-2335	38	11	it	it	PRON
easat-2335	38	12	difficult	difficult	ADJ
easat-2335	38	13	for	for	ADP
easat-2335	38	14	stakeholders	stakeholder	NOUN
easat-2335	38	15	,	,	PUNCT
easat-2335	38	16	particularly	particularly	ADV
easat-2335	38	17	investors	investor	NOUN
easat-2335	38	18	,	,	PUNCT
easat-2335	38	19	to	to	PART
easat-2335	38	20	compare	compare	VERB
easat-2335	38	21	companies	company	NOUN
easat-2335	38	22	based	base	VERB
easat-2335	38	23	on	on	ADP
easat-2335	38	24	esg	esg	PROPN
easat-2335	38	25	performance	performance	NOUN
easat-2335	38	26	[	[	X
easat-2335	38	27	12	12	NUM
easat-2335	38	28	]	]	PUNCT
easat-2335	38	29	.	.	PUNCT
easat-2335	39	1	the	the	DET
easat-2335	39	2	lack	lack	NOUN
easat-2335	39	3	of	of	ADP
easat-2335	39	4	standardized	standardized	ADJ
easat-2335	39	5	reporting	reporting	NOUN
easat-2335	39	6	frameworks	framework	NOUN
easat-2335	39	7	is	be	AUX
easat-2335	39	8	a	a	DET
easat-2335	39	9	significant	significant	ADJ
easat-2335	39	10	barrier	barrier	NOUN
easat-2335	39	11	to	to	ADP
easat-2335	39	12	improving	improve	VERB
easat-2335	39	13	esg	esg	NOUN
easat-2335	39	14	transparency	transparency	NOUN
easat-2335	39	15	,	,	PUNCT
easat-2335	39	16	as	as	SCONJ
easat-2335	39	17	it	it	PRON
easat-2335	39	18	hampers	hamper	VERB
easat-2335	39	19	investors	investor	NOUN
easat-2335	39	20	'	'	PART
easat-2335	39	21	ability	ability	NOUN
easat-2335	39	22	to	to	PART
easat-2335	39	23	assess	assess	VERB
easat-2335	39	24	risks	risk	NOUN
easat-2335	39	25	and	and	CCONJ
easat-2335	39	26	opportunities	opportunity	NOUN
easat-2335	39	27	effectively	effectively	ADV
easat-2335	39	28	.	.	PUNCT
easat-2335	40	1	this	this	DET
easat-2335	40	2	concern	concern	NOUN
easat-2335	40	3	is	be	AUX
easat-2335	40	4	echoed	echo	VERB
easat-2335	40	5	by	by	ADP
easat-2335	40	6	khanchel	khanchel	PROPN
easat-2335	40	7	and	and	CCONJ
easat-2335	40	8	lassoued	lassoue	VERB
easat-2335	40	9	(	(	PUNCT
easat-2335	40	10	2022	2022	NUM
easat-2335	40	11	)	)	PUNCT
easat-2335	40	12	,	,	PUNCT
easat-2335	40	13	who	who	PRON
easat-2335	40	14	argue	argue	VERB
easat-2335	40	15	that	that	SCONJ
easat-2335	40	16	the	the	DET
easat-2335	40	17	absence	absence	NOUN
easat-2335	40	18	of	of	ADP
easat-2335	40	19	uniform	uniform	ADJ
easat-2335	40	20	esg	esg	PROPN
easat-2335	40	21	reporting	reporting	NOUN
easat-2335	40	22	standards	standard	NOUN
easat-2335	40	23	has	have	AUX
easat-2335	40	24	increased	increase	VERB
easat-2335	40	25	the	the	DET
easat-2335	40	26	pressure	pressure	NOUN
easat-2335	40	27	on	on	ADP
easat-2335	40	28	companies	company	NOUN
easat-2335	40	29	to	to	PART
easat-2335	40	30	improve	improve	VERB
easat-2335	40	31	their	their	PRON
easat-2335	40	32	transparency	transparency	NOUN
easat-2335	40	33	to	to	PART
easat-2335	40	34	meet	meet	VERB
easat-2335	40	35	the	the	DET
easat-2335	40	36	growing	grow	VERB
easat-2335	40	37	demands	demand	NOUN
easat-2335	40	38	of	of	ADP
easat-2335	40	39	investors	investor	NOUN
easat-2335	40	40	and	and	CCONJ
easat-2335	40	41	stakeholders	stakeholder	NOUN
easat-2335	40	42	alike	alike	ADV
easat-2335	40	43	.	.	PUNCT
easat-2335	41	1	the	the	DET
easat-2335	41	2	variability	variability	NOUN
easat-2335	41	3	in	in	ADP
easat-2335	41	4	esg	esg	NOUN
easat-2335	41	5	reporting	reporting	NOUN
easat-2335	41	6	practices	practice	NOUN
easat-2335	41	7	across	across	ADP
easat-2335	41	8	companies	company	NOUN
easat-2335	41	9	creates	create	VERB
easat-2335	41	10	challenges	challenge	NOUN
easat-2335	41	11	not	not	PART
easat-2335	41	12	only	only	ADV
easat-2335	41	13	for	for	ADP
easat-2335	41	14	investors	investor	NOUN
easat-2335	41	15	but	but	CCONJ
easat-2335	41	16	also	also	ADV
easat-2335	41	17	for	for	ADP
easat-2335	41	18	regulators	regulator	NOUN
easat-2335	41	19	and	and	CCONJ
easat-2335	41	20	other	other	ADJ
easat-2335	41	21	stakeholders	stakeholder	NOUN
easat-2335	41	22	who	who	PRON
easat-2335	41	23	rely	rely	VERB
easat-2335	41	24	on	on	ADP
easat-2335	41	25	such	such	ADJ
easat-2335	41	26	disclosures	disclosure	NOUN
easat-2335	41	27	for	for	ADP
easat-2335	41	28	decisionmaking	decisionmake	VERB
easat-2335	41	29	.	.	PUNCT
easat-2335	42	1	inconsistent	inconsistent	PROPN
easat-2335	42	2	esg	esg	PROPN
easat-2335	42	3	information	information	NOUN
easat-2335	42	4	limits	limit	VERB
easat-2335	42	5	the	the	DET
easat-2335	42	6	ability	ability	NOUN
easat-2335	42	7	to	to	PART
easat-2335	42	8	evaluate	evaluate	VERB
easat-2335	42	9	a	a	DET
easat-2335	42	10	company	company	NOUN
easat-2335	42	11	's	's	PART
easat-2335	42	12	full	full	ADJ
easat-2335	42	13	impact	impact	NOUN
easat-2335	42	14	on	on	ADP
easat-2335	42	15	environmental	environmental	ADJ
easat-2335	42	16	and	and	CCONJ
easat-2335	42	17	social	social	ADJ
easat-2335	42	18	issues	issue	NOUN
easat-2335	42	19	,	,	PUNCT
easat-2335	42	20	leading	lead	VERB
easat-2335	42	21	to	to	ADP
easat-2335	42	22	increased	increase	VERB
easat-2335	42	23	calls	call	NOUN
easat-2335	42	24	for	for	ADP
easat-2335	42	25	standardization	standardization	NOUN
easat-2335	42	26	in	in	ADP
easat-2335	42	27	reporting	reporting	NOUN
easat-2335	42	28	practices	practice	NOUN
easat-2335	42	29	.	.	PUNCT
easat-2335	43	1	bai	bai	PROPN
easat-2335	43	2	,	,	PUNCT
easat-2335	43	3	ding	ding	NOUN
easat-2335	43	4	,	,	PUNCT
easat-2335	43	5	and	and	CCONJ
easat-2335	43	6	jiang	jiang	PROPN
easat-2335	43	7	(	(	PUNCT
easat-2335	43	8	2024	2024	NUM
easat-2335	43	9	)	)	PUNCT
easat-2335	43	10	emphasize	emphasize	VERB
easat-2335	43	11	that	that	PRON
easat-2335	43	12	consistent	consistent	ADJ
easat-2335	43	13	,	,	PUNCT
easat-2335	43	14	transparent	transparent	ADJ
easat-2335	43	15	esg	esg	NOUN
easat-2335	43	16	disclosures	disclosure	NOUN
easat-2335	43	17	reduce	reduce	VERB
easat-2335	43	18	information	information	NOUN
easat-2335	43	19	asymmetry	asymmetry	NOUN
easat-2335	43	20	and	and	CCONJ
easat-2335	43	21	enhance	enhance	VERB
easat-2335	43	22	market	market	NOUN
easat-2335	43	23	efficiency	efficiency	NOUN
easat-2335	43	24	by	by	ADP
easat-2335	43	25	enabling	enable	VERB
easat-2335	43	26	stakeholders	stakeholder	NOUN
easat-2335	43	27	to	to	PART
easat-2335	43	28	make	make	VERB
easat-2335	43	29	better	well	ADV
easat-2335	43	30	-	-	PUNCT
easat-2335	43	31	informed	inform	VERB
easat-2335	43	32	decisions	decision	NOUN
easat-2335	43	33	.	.	PUNCT
easat-2335	44	1	these	these	DET
easat-2335	44	2	benefits	benefit	NOUN
easat-2335	44	3	have	have	AUX
easat-2335	44	4	motivated	motivate	VERB
easat-2335	44	5	the	the	DET
easat-2335	44	6	growing	grow	VERB
easat-2335	44	7	push	push	NOUN
easat-2335	44	8	for	for	ADP
easat-2335	44	9	a	a	DET
easat-2335	44	10	unified	unify	VERB
easat-2335	44	11	esg	esg	NOUN
easat-2335	44	12	reporting	reporting	NOUN
easat-2335	44	13	model	model	NOUN
easat-2335	44	14	that	that	PRON
easat-2335	44	15	can	can	AUX
easat-2335	44	16	guide	guide	VERB
easat-2335	44	17	companies	company	NOUN
easat-2335	44	18	in	in	ADP
easat-2335	44	19	effectively	effectively	ADV
easat-2335	44	20	disclosing	disclose	VERB
easat-2335	44	21	their	their	PRON
easat-2335	44	22	sustainability	sustainability	NOUN
easat-2335	44	23	efforts	effort	NOUN
easat-2335	44	24	.	.	PUNCT
easat-2335	45	1	this	this	DET
easat-2335	45	2	essay	essay	NOUN
easat-2335	45	3	seeks	seek	VERB
easat-2335	45	4	to	to	PART
easat-2335	45	5	address	address	VERB
easat-2335	45	6	the	the	DET
easat-2335	45	7	urgent	urgent	ADJ
easat-2335	45	8	need	need	NOUN
easat-2335	45	9	for	for	ADP
easat-2335	45	10	a	a	DET
easat-2335	45	11	standardized	standardized	ADJ
easat-2335	45	12	esg	esg	NOUN
easat-2335	45	13	reporting	reporting	NOUN
easat-2335	45	14	framework	framework	NOUN
easat-2335	45	15	that	that	PRON
easat-2335	45	16	can	can	AUX
easat-2335	45	17	provide	provide	VERB
easat-2335	45	18	meaningful	meaningful	ADJ
easat-2335	45	19	,	,	PUNCT
easat-2335	45	20	consistent	consistent	ADJ
easat-2335	45	21	,	,	PUNCT
easat-2335	45	22	and	and	CCONJ
easat-2335	45	23	comparable	comparable	ADJ
easat-2335	45	24	information	information	NOUN
easat-2335	45	25	to	to	ADP
easat-2335	45	26	stakeholders	stakeholder	NOUN
easat-2335	45	27	,	,	PUNCT
easat-2335	45	28	particularly	particularly	ADV
easat-2335	45	29	investors	investor	NOUN
easat-2335	45	30	.	.	PUNCT
easat-2335	46	1	a	a	DET
easat-2335	46	2	comprehensive	comprehensive	ADJ
easat-2335	46	3	esg	esg	NOUN
easat-2335	46	4	reporting	reporting	NOUN
easat-2335	46	5	model	model	NOUN
easat-2335	46	6	must	must	AUX
easat-2335	46	7	capture	capture	VERB
easat-2335	46	8	the	the	DET
easat-2335	46	9	critical	critical	ADJ
easat-2335	46	10	elements	element	NOUN
easat-2335	46	11	of	of	ADP
easat-2335	46	12	environmental	environmental	ADJ
easat-2335	46	13	,	,	PUNCT
easat-2335	46	14	social	social	ADJ
easat-2335	46	15	,	,	PUNCT
easat-2335	46	16	and	and	CCONJ
easat-2335	46	17	governance	governance	NOUN
easat-2335	46	18	performance	performance	NOUN
easat-2335	46	19	to	to	PART
easat-2335	46	20	ensure	ensure	VERB
easat-2335	46	21	that	that	SCONJ
easat-2335	46	22	it	it	PRON
easat-2335	46	23	meets	meet	VERB
easat-2335	46	24	stakeholders	stakeholder	NOUN
easat-2335	46	25	'	'	PART
easat-2335	46	26	informational	informational	ADJ
easat-2335	46	27	needs	need	NOUN
easat-2335	46	28	.	.	PUNCT
easat-2335	47	1	such	such	DET
easat-2335	47	2	a	a	DET
easat-2335	47	3	model	model	NOUN
easat-2335	47	4	would	would	AUX
easat-2335	47	5	not	not	PART
easat-2335	47	6	only	only	ADV
easat-2335	47	7	enhance	enhance	VERB
easat-2335	47	8	the	the	DET
easat-2335	47	9	quality	quality	NOUN
easat-2335	47	10	of	of	ADP
easat-2335	47	11	esg	esg	NOUN
easat-2335	47	12	disclosures	disclosure	NOUN
easat-2335	47	13	but	but	CCONJ
easat-2335	47	14	also	also	ADV
easat-2335	47	15	contribute	contribute	VERB
easat-2335	47	16	to	to	ADP
easat-2335	47	17	improved	improve	VERB
easat-2335	47	18	financial	financial	ADJ
easat-2335	47	19	performance	performance	NOUN
easat-2335	47	20	for	for	ADP
easat-2335	47	21	companies	company	NOUN
easat-2335	47	22	that	that	PRON
easat-2335	47	23	adhere	adhere	VERB
easat-2335	47	24	to	to	ADP
easat-2335	47	25	it	it	PRON
easat-2335	47	26	.	.	PUNCT
easat-2335	48	1	research	research	NOUN
easat-2335	48	2	by	by	ADP
easat-2335	48	3	schramade	schramade	NOUN
easat-2335	48	4	2016	2016	NUM
easat-2335	48	5	)	)	PUNCT
easat-2335	48	6	supports	support	VERB
easat-2335	48	7	this	this	DET
easat-2335	48	8	hypothesis	hypothesis	NOUN
easat-2335	48	9	,	,	PUNCT
easat-2335	48	10	suggesting	suggest	VERB
easat-2335	48	11	that	that	SCONJ
easat-2335	48	12	integrating	integrate	VERB
easat-2335	48	13	esg	esg	NOUN
easat-2335	48	14	factors	factor	NOUN
easat-2335	48	15	into	into	ADP
easat-2335	48	16	financial	financial	ADJ
easat-2335	48	17	models	model	NOUN
easat-2335	48	18	can	can	AUX
easat-2335	48	19	improve	improve	VERB
easat-2335	48	20	investment	investment	NOUN
easat-2335	48	21	decision	decision	NOUN
easat-2335	48	22	-	-	PUNCT
easat-2335	48	23	making	making	NOUN
easat-2335	48	24	and	and	CCONJ
easat-2335	48	25	1737	1737	NUM
easat-2335	48	26	edelweiss	edelweiss	PROPN
easat-2335	48	27	applied	apply	VERB
easat-2335	48	28	science	science	NOUN
easat-2335	48	29	and	and	CCONJ
easat-2335	48	30	technology	technology	NOUN
easat-2335	48	31	issn	issn	PROPN
easat-2335	48	32	:	:	PUNCT
easat-2335	48	33	2576	2576	NUM
easat-2335	48	34	-	-	SYM
easat-2335	48	35	8484	8484	NUM
easat-2335	48	36	vol	vol	NOUN
easat-2335	48	37	.	.	PROPN
easat-2335	48	38	8	8	NUM
easat-2335	48	39	,	,	PUNCT
easat-2335	48	40	no	no	INTJ
easat-2335	48	41	.	.	NOUN
easat-2335	49	1	6	6	NUM
easat-2335	49	2	:	:	SYM
easat-2335	49	3	1735	1735	NUM
easat-2335	49	4	-	-	SYM
easat-2335	49	5	1750	1750	NUM
easat-2335	49	6	,	,	PUNCT
easat-2335	49	7	2024	2024	NUM
easat-2335	49	8	doi	doi	NOUN
easat-2335	49	9	:	:	PUNCT
easat-2335	49	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	49	11	©	©	PROPN
easat-2335	49	12	2024	2024	NUM
easat-2335	49	13	by	by	ADP
easat-2335	49	14	the	the	DET
easat-2335	49	15	authors	author	NOUN
easat-2335	49	16	;	;	PUNCT
easat-2335	49	17	licensee	licensee	PROPN
easat-2335	49	18	learning	learning	PROPN
easat-2335	49	19	gate	gate	PROPN
easat-2335	49	20	company	company	PROPN
easat-2335	49	21	valuation	valuation	NOUN
easat-2335	49	22	.	.	PUNCT
easat-2335	50	1	the	the	DET
easat-2335	50	2	proposed	propose	VERB
easat-2335	50	3	esg	esg	PROPN
easat-2335	50	4	reporting	reporting	NOUN
easat-2335	50	5	model	model	NOUN
easat-2335	50	6	would	would	AUX
easat-2335	50	7	be	be	AUX
easat-2335	50	8	based	base	VERB
easat-2335	50	9	on	on	ADP
easat-2335	50	10	a	a	DET
easat-2335	50	11	mixed	mixed	ADJ
easat-2335	50	12	-	-	PUNCT
easat-2335	50	13	methods	method	NOUN
easat-2335	50	14	research	research	NOUN
easat-2335	50	15	approach	approach	NOUN
easat-2335	50	16	,	,	PUNCT
easat-2335	50	17	combining	combine	VERB
easat-2335	50	18	qualitative	qualitative	ADJ
easat-2335	50	19	and	and	CCONJ
easat-2335	50	20	quantitative	quantitative	ADJ
easat-2335	50	21	techniques	technique	NOUN
easat-2335	50	22	.	.	PUNCT
easat-2335	51	1	the	the	DET
easat-2335	51	2	qualitative	qualitative	ADJ
easat-2335	51	3	phase	phase	NOUN
easat-2335	51	4	of	of	ADP
easat-2335	51	5	the	the	DET
easat-2335	51	6	study	study	NOUN
easat-2335	51	7	would	would	AUX
easat-2335	51	8	involve	involve	VERB
easat-2335	51	9	a	a	DET
easat-2335	51	10	detailed	detailed	ADJ
easat-2335	51	11	analysis	analysis	NOUN
easat-2335	51	12	of	of	ADP
easat-2335	51	13	existing	exist	VERB
easat-2335	51	14	literature	literature	NOUN
easat-2335	51	15	,	,	PUNCT
easat-2335	51	16	interviews	interview	NOUN
easat-2335	51	17	with	with	ADP
easat-2335	51	18	industry	industry	NOUN
easat-2335	51	19	experts	expert	NOUN
easat-2335	51	20	,	,	PUNCT
easat-2335	51	21	and	and	CCONJ
easat-2335	51	22	content	content	VERB
easat-2335	51	23	analysis	analysis	NOUN
easat-2335	51	24	of	of	ADP
easat-2335	51	25	esg	esg	PROPN
easat-2335	51	26	reports	report	NOUN
easat-2335	51	27	from	from	ADP
easat-2335	51	28	leading	lead	VERB
easat-2335	51	29	companies	company	NOUN
easat-2335	51	30	.	.	PUNCT
easat-2335	52	1	this	this	DET
easat-2335	52	2	phase	phase	NOUN
easat-2335	52	3	would	would	AUX
easat-2335	52	4	seek	seek	VERB
easat-2335	52	5	to	to	PART
easat-2335	52	6	identify	identify	VERB
easat-2335	52	7	the	the	DET
easat-2335	52	8	key	key	ADJ
easat-2335	52	9	components	component	NOUN
easat-2335	52	10	of	of	ADP
easat-2335	52	11	esg	esg	PROPN
easat-2335	52	12	reporting	report	VERB
easat-2335	52	13	that	that	SCONJ
easat-2335	52	14	stakeholders	stakeholder	NOUN
easat-2335	52	15	,	,	PUNCT
easat-2335	52	16	particularly	particularly	ADV
easat-2335	52	17	investors	investor	NOUN
easat-2335	52	18	,	,	PUNCT
easat-2335	52	19	deem	deem	VERB
easat-2335	52	20	essential	essential	ADJ
easat-2335	52	21	for	for	ADP
easat-2335	52	22	decision	decision	NOUN
easat-2335	52	23	-	-	PUNCT
easat-2335	52	24	making	making	NOUN
easat-2335	52	25	.	.	PUNCT
easat-2335	53	1	the	the	DET
easat-2335	53	2	quantitative	quantitative	ADJ
easat-2335	53	3	phase	phase	NOUN
easat-2335	53	4	would	would	AUX
easat-2335	53	5	involve	involve	VERB
easat-2335	53	6	testing	test	VERB
easat-2335	53	7	the	the	DET
easat-2335	53	8	developed	develop	VERB
easat-2335	53	9	model	model	NOUN
easat-2335	53	10	's	's	PART
easat-2335	53	11	impact	impact	NOUN
easat-2335	53	12	on	on	ADP
easat-2335	53	13	company	company	NOUN
easat-2335	53	14	performance	performance	NOUN
easat-2335	53	15	using	use	VERB
easat-2335	53	16	financial	financial	ADJ
easat-2335	53	17	metrics	metric	NOUN
easat-2335	53	18	such	such	ADJ
easat-2335	53	19	as	as	ADP
easat-2335	53	20	stock	stock	NOUN
easat-2335	53	21	returns	return	NOUN
easat-2335	53	22	,	,	PUNCT
easat-2335	53	23	tobin	tobin	PROPN
easat-2335	53	24	’s	’s	PART
easat-2335	53	25	q	q	NOUN
easat-2335	53	26	,	,	PUNCT
easat-2335	53	27	and	and	CCONJ
easat-2335	53	28	competitive	competitive	ADJ
easat-2335	53	29	advantage	advantage	NOUN
easat-2335	54	1	[	[	X
easat-2335	54	2	4	4	NUM
easat-2335	54	3	]	]	PUNCT
easat-2335	54	4	.	.	PUNCT
easat-2335	55	1	by	by	ADP
easat-2335	55	2	establishing	establish	VERB
easat-2335	55	3	a	a	DET
easat-2335	55	4	direct	direct	ADJ
easat-2335	55	5	link	link	NOUN
easat-2335	55	6	between	between	ADP
easat-2335	55	7	esg	esg	PROPN
easat-2335	55	8	disclosures	disclosure	NOUN
easat-2335	55	9	and	and	CCONJ
easat-2335	55	10	financial	financial	ADJ
easat-2335	55	11	performance	performance	NOUN
easat-2335	55	12	,	,	PUNCT
easat-2335	55	13	this	this	DET
easat-2335	55	14	study	study	NOUN
easat-2335	55	15	aims	aim	VERB
easat-2335	55	16	to	to	PART
easat-2335	55	17	provide	provide	VERB
easat-2335	55	18	empirical	empirical	ADJ
easat-2335	55	19	evidence	evidence	NOUN
easat-2335	55	20	of	of	ADP
easat-2335	55	21	the	the	DET
easat-2335	55	22	tangible	tangible	ADJ
easat-2335	55	23	benefits	benefit	NOUN
easat-2335	55	24	of	of	ADP
easat-2335	55	25	improved	improved	ADJ
easat-2335	55	26	esg	esg	NOUN
easat-2335	55	27	transparency	transparency	NOUN
easat-2335	55	28	.	.	PUNCT
easat-2335	56	1	the	the	DET
easat-2335	56	2	central	central	ADJ
easat-2335	56	3	hypothesis	hypothesis	NOUN
easat-2335	56	4	driving	drive	VERB
easat-2335	56	5	this	this	DET
easat-2335	56	6	research	research	NOUN
easat-2335	56	7	is	be	AUX
easat-2335	56	8	that	that	SCONJ
easat-2335	56	9	companies	company	NOUN
easat-2335	56	10	adopting	adopt	VERB
easat-2335	56	11	a	a	DET
easat-2335	56	12	standardized	standardized	ADJ
easat-2335	56	13	esg	esg	NOUN
easat-2335	56	14	reporting	reporting	NOUN
easat-2335	56	15	framework	framework	NOUN
easat-2335	56	16	will	will	AUX
easat-2335	56	17	experience	experience	VERB
easat-2335	56	18	enhanced	enhanced	ADJ
easat-2335	56	19	financial	financial	ADJ
easat-2335	56	20	outcomes	outcome	NOUN
easat-2335	56	21	.	.	PUNCT
easat-2335	57	1	enhanced	enhance	VERB
easat-2335	57	2	disclosures	disclosure	NOUN
easat-2335	57	3	are	be	AUX
easat-2335	57	4	expected	expect	VERB
easat-2335	57	5	to	to	PART
easat-2335	57	6	reduce	reduce	VERB
easat-2335	57	7	information	information	NOUN
easat-2335	57	8	asymmetry	asymmetry	NOUN
easat-2335	57	9	,	,	PUNCT
easat-2335	57	10	improve	improve	VERB
easat-2335	57	11	investor	investor	NOUN
easat-2335	57	12	confidence	confidence	NOUN
easat-2335	57	13	,	,	PUNCT
easat-2335	57	14	and	and	CCONJ
easat-2335	57	15	ultimately	ultimately	ADV
easat-2335	57	16	lead	lead	VERB
easat-2335	57	17	to	to	ADP
easat-2335	57	18	greater	great	ADJ
easat-2335	57	19	financial	financial	ADJ
easat-2335	57	20	stability	stability	NOUN
easat-2335	57	21	and	and	CCONJ
easat-2335	57	22	growth	growth	NOUN
easat-2335	57	23	.	.	PUNCT
easat-2335	58	1	the	the	DET
easat-2335	58	2	anticipated	anticipate	VERB
easat-2335	58	3	results	result	NOUN
easat-2335	58	4	of	of	ADP
easat-2335	58	5	this	this	DET
easat-2335	58	6	research	research	NOUN
easat-2335	58	7	will	will	AUX
easat-2335	58	8	include	include	VERB
easat-2335	58	9	the	the	DET
easat-2335	58	10	development	development	NOUN
easat-2335	58	11	of	of	ADP
easat-2335	58	12	a	a	DET
easat-2335	58	13	robust	robust	ADJ
easat-2335	58	14	esg	esg	NOUN
easat-2335	58	15	reporting	reporting	NOUN
easat-2335	58	16	model	model	NOUN
easat-2335	58	17	that	that	PRON
easat-2335	58	18	can	can	AUX
easat-2335	58	19	serve	serve	VERB
easat-2335	58	20	as	as	ADP
easat-2335	58	21	a	a	DET
easat-2335	58	22	guideline	guideline	NOUN
easat-2335	58	23	for	for	ADP
easat-2335	58	24	companies	company	NOUN
easat-2335	58	25	,	,	PUNCT
easat-2335	58	26	particularly	particularly	ADV
easat-2335	58	27	those	those	PRON
easat-2335	58	28	in	in	ADP
easat-2335	58	29	regions	region	NOUN
easat-2335	58	30	where	where	SCONJ
easat-2335	58	31	esg	esg	PROPN
easat-2335	58	32	reporting	reporting	NOUN
easat-2335	58	33	is	be	AUX
easat-2335	58	34	not	not	PART
easat-2335	58	35	yet	yet	ADV
easat-2335	58	36	mandatory	mandatory	ADJ
easat-2335	58	37	.	.	PUNCT
easat-2335	59	1	this	this	DET
easat-2335	59	2	framework	framework	NOUN
easat-2335	59	3	will	will	AUX
easat-2335	59	4	aim	aim	VERB
easat-2335	59	5	to	to	PART
easat-2335	59	6	improve	improve	VERB
easat-2335	59	7	the	the	DET
easat-2335	59	8	consistency	consistency	NOUN
easat-2335	59	9	and	and	CCONJ
easat-2335	59	10	comparability	comparability	NOUN
easat-2335	59	11	of	of	ADP
easat-2335	59	12	esg	esg	PROPN
easat-2335	59	13	information	information	NOUN
easat-2335	59	14	,	,	PUNCT
easat-2335	59	15	enabling	enable	VERB
easat-2335	59	16	investors	investor	NOUN
easat-2335	59	17	to	to	PART
easat-2335	59	18	make	make	VERB
easat-2335	59	19	more	more	ADV
easat-2335	59	20	informed	informed	ADJ
easat-2335	59	21	decisions	decision	NOUN
easat-2335	59	22	.	.	PUNCT
easat-2335	60	1	moreover	moreover	ADV
easat-2335	60	2	,	,	PUNCT
easat-2335	60	3	the	the	DET
easat-2335	60	4	research	research	NOUN
easat-2335	60	5	anticipates	anticipate	VERB
easat-2335	60	6	that	that	SCONJ
easat-2335	60	7	companies	company	NOUN
easat-2335	60	8	adopting	adopt	VERB
easat-2335	60	9	this	this	DET
easat-2335	60	10	model	model	NOUN
easat-2335	60	11	will	will	AUX
easat-2335	60	12	experience	experience	VERB
easat-2335	60	13	not	not	PART
easat-2335	60	14	only	only	ADV
easat-2335	60	15	financial	financial	ADJ
easat-2335	60	16	gains	gain	NOUN
easat-2335	60	17	but	but	CCONJ
easat-2335	60	18	also	also	ADV
easat-2335	60	19	enhanced	enhance	VERB
easat-2335	60	20	public	public	ADJ
easat-2335	60	21	legitimacy	legitimacy	NOUN
easat-2335	60	22	and	and	CCONJ
easat-2335	60	23	stronger	strong	ADJ
easat-2335	60	24	stakeholder	stakeholder	NOUN
easat-2335	60	25	relationships	relationship	NOUN
easat-2335	60	26	,	,	PUNCT
easat-2335	60	27	contributing	contribute	VERB
easat-2335	60	28	to	to	ADP
easat-2335	60	29	their	their	PRON
easat-2335	60	30	long	long	ADJ
easat-2335	60	31	-	-	PUNCT
easat-2335	60	32	term	term	NOUN
easat-2335	60	33	success	success	NOUN
easat-2335	60	34	[	[	X
easat-2335	60	35	16	16	NUM
easat-2335	60	36	]	]	PUNCT
easat-2335	60	37	.	.	PUNCT
easat-2335	61	1	2	2	X
easat-2335	61	2	.	.	X
easat-2335	61	3	literature	literature	PROPN
easat-2335	61	4	review	review	PROPN
easat-2335	61	5	environmental	environmental	ADJ
easat-2335	61	6	,	,	PUNCT
easat-2335	61	7	social	social	ADJ
easat-2335	61	8	,	,	PUNCT
easat-2335	61	9	and	and	CCONJ
easat-2335	61	10	governance	governance	NOUN
easat-2335	61	11	(	(	PUNCT
easat-2335	61	12	esg	esg	PROPN
easat-2335	61	13	)	)	PUNCT
easat-2335	61	14	considerations	consideration	NOUN
easat-2335	61	15	have	have	AUX
easat-2335	61	16	gained	gain	VERB
easat-2335	61	17	significant	significant	ADJ
easat-2335	61	18	attention	attention	NOUN
easat-2335	61	19	recently	recently	ADV
easat-2335	61	20	,	,	PUNCT
easat-2335	61	21	becoming	become	VERB
easat-2335	61	22	a	a	DET
easat-2335	61	23	crucial	crucial	ADJ
easat-2335	61	24	topic	topic	NOUN
easat-2335	61	25	in	in	ADP
easat-2335	61	26	business	business	NOUN
easat-2335	61	27	discussions	discussion	NOUN
easat-2335	61	28	(	(	PUNCT
easat-2335	61	29	awaysheh	awaysheh	NOUN
easat-2335	61	30	et	et	PROPN
easat-2335	61	31	al	al	PROPN
easat-2335	61	32	.	.	PROPN
easat-2335	61	33	2020	2020	NUM
easat-2335	61	34	;	;	PUNCT
easat-2335	61	35	tsang	tsang	PROPN
easat-2335	61	36	,	,	PUNCT
easat-2335	61	37	cao	cao	PROPN
easat-2335	61	38	,	,	PUNCT
easat-2335	61	39	and	and	CCONJ
easat-2335	61	40	frost	frost	NOUN
easat-2335	61	41	2023	2023	NUM
easat-2335	61	42	)	)	PUNCT
easat-2335	61	43	.	.	PUNCT
easat-2335	62	1	the	the	DET
easat-2335	62	2	growing	grow	VERB
easat-2335	62	3	importance	importance	NOUN
easat-2335	62	4	of	of	ADP
easat-2335	62	5	esg	esg	PROPN
easat-2335	62	6	factors	factor	NOUN
easat-2335	62	7	has	have	AUX
easat-2335	62	8	increased	increase	VERB
easat-2335	62	9	pressure	pressure	NOUN
easat-2335	62	10	on	on	ADP
easat-2335	62	11	companies	company	NOUN
easat-2335	62	12	to	to	PART
easat-2335	62	13	disclose	disclose	VERB
easat-2335	62	14	their	their	PRON
easat-2335	62	15	esg	esg	NOUN
easat-2335	62	16	-	-	PUNCT
easat-2335	62	17	related	relate	VERB
easat-2335	62	18	activities	activity	NOUN
easat-2335	62	19	and	and	CCONJ
easat-2335	62	20	information	information	NOUN
easat-2335	62	21	.	.	PUNCT
easat-2335	63	1	however	however	ADV
easat-2335	63	2	,	,	PUNCT
easat-2335	63	3	the	the	DET
easat-2335	63	4	voluntary	voluntary	ADJ
easat-2335	63	5	nature	nature	NOUN
easat-2335	63	6	of	of	ADP
easat-2335	63	7	esg	esg	PROPN
easat-2335	63	8	reporting	reporting	NOUN
easat-2335	63	9	has	have	AUX
easat-2335	63	10	resulted	result	VERB
easat-2335	63	11	in	in	ADP
easat-2335	63	12	inconsistent	inconsistent	ADJ
easat-2335	63	13	practices	practice	NOUN
easat-2335	63	14	and	and	CCONJ
easat-2335	63	15	limited	limited	ADJ
easat-2335	63	16	information	information	NOUN
easat-2335	63	17	quality	quality	NOUN
easat-2335	63	18	,	,	PUNCT
easat-2335	63	19	creating	create	VERB
easat-2335	63	20	challenges	challenge	NOUN
easat-2335	63	21	for	for	ADP
easat-2335	63	22	investors	investor	NOUN
easat-2335	63	23	and	and	CCONJ
easat-2335	63	24	other	other	ADJ
easat-2335	63	25	stakeholders	stakeholder	NOUN
easat-2335	63	26	.	.	PUNCT
easat-2335	64	1	domestic	domestic	ADJ
easat-2335	64	2	and	and	CCONJ
easat-2335	64	3	international	international	ADJ
easat-2335	64	4	investors	investor	NOUN
easat-2335	64	5	have	have	AUX
easat-2335	64	6	shown	show	VERB
easat-2335	64	7	a	a	DET
easat-2335	64	8	keen	keen	ADJ
easat-2335	64	9	interest	interest	NOUN
easat-2335	64	10	in	in	ADP
easat-2335	64	11	esg	esg	PROPN
easat-2335	64	12	information	information	NOUN
easat-2335	64	13	as	as	SCONJ
easat-2335	64	14	it	it	PRON
easat-2335	64	15	informs	inform	VERB
easat-2335	64	16	their	their	PRON
easat-2335	64	17	investment	investment	NOUN
easat-2335	64	18	decisions	decision	NOUN
easat-2335	64	19	[	[	X
easat-2335	64	20	2	2	NUM
easat-2335	64	21	]	]	PUNCT
easat-2335	64	22	.	.	PUNCT
easat-2335	65	1	esg	esg	NOUN
easat-2335	65	2	disclosures	disclosure	NOUN
easat-2335	65	3	can	can	AUX
easat-2335	65	4	help	help	VERB
easat-2335	65	5	investors	investor	NOUN
easat-2335	65	6	assess	assess	VERB
easat-2335	65	7	companies	company	NOUN
easat-2335	65	8	'	'	PART
easat-2335	65	9	risk	risk	NOUN
easat-2335	65	10	profiles	profile	NOUN
easat-2335	65	11	,	,	PUNCT
easat-2335	65	12	operational	operational	ADJ
easat-2335	65	13	performance	performance	NOUN
easat-2335	65	14	,	,	PUNCT
easat-2335	65	15	and	and	CCONJ
easat-2335	65	16	long	long	ADJ
easat-2335	65	17	-	-	PUNCT
easat-2335	65	18	term	term	NOUN
easat-2335	65	19	sustainability	sustainability	NOUN
easat-2335	65	20	[	[	X
easat-2335	65	21	18	18	NUM
easat-2335	65	22	]	]	PUNCT
easat-2335	65	23	.	.	PUNCT
easat-2335	66	1	moreover	moreover	ADV
easat-2335	66	2	,	,	PUNCT
easat-2335	66	3	high	high	ADJ
easat-2335	66	4	esg	esg	PROPN
easat-2335	66	5	ratings	rating	NOUN
easat-2335	66	6	can	can	AUX
easat-2335	66	7	enhance	enhance	VERB
easat-2335	66	8	a	a	DET
easat-2335	66	9	company	company	NOUN
easat-2335	66	10	's	's	PART
easat-2335	66	11	legitimacy	legitimacy	NOUN
easat-2335	66	12	and	and	CCONJ
easat-2335	66	13	reduce	reduce	VERB
easat-2335	66	14	potential	potential	ADJ
easat-2335	66	15	esg	esg	PROPN
easat-2335	66	16	-	-	PUNCT
easat-2335	66	17	related	relate	VERB
easat-2335	66	18	liabilities	liability	NOUN
easat-2335	66	19	[	[	X
easat-2335	66	20	19	19	NUM
easat-2335	66	21	]	]	PUNCT
easat-2335	66	22	.	.	PUNCT
easat-2335	67	1	despite	despite	SCONJ
easat-2335	67	2	the	the	DET
easat-2335	67	3	recognized	recognize	VERB
easat-2335	67	4	importance	importance	NOUN
easat-2335	67	5	of	of	ADP
easat-2335	67	6	esg	esg	PROPN
easat-2335	67	7	information	information	NOUN
easat-2335	67	8	,	,	PUNCT
easat-2335	67	9	many	many	ADJ
easat-2335	67	10	companies	company	NOUN
easat-2335	67	11	still	still	ADV
easat-2335	67	12	need	need	VERB
easat-2335	67	13	to	to	PART
easat-2335	67	14	provide	provide	VERB
easat-2335	67	15	adequate	adequate	ADJ
easat-2335	67	16	disclosures	disclosure	NOUN
easat-2335	67	17	[	[	X
easat-2335	67	18	10	10	NUM
easat-2335	67	19	]	]	PUNCT
easat-2335	67	20	.	.	PUNCT
easat-2335	68	1	this	this	DET
easat-2335	68	2	gap	gap	NOUN
easat-2335	68	3	between	between	ADP
easat-2335	68	4	the	the	DET
easat-2335	68	5	demand	demand	NOUN
easat-2335	68	6	for	for	ADP
easat-2335	68	7	esg	esg	PROPN
easat-2335	68	8	information	information	NOUN
easat-2335	68	9	and	and	CCONJ
easat-2335	68	10	its	its	PRON
easat-2335	68	11	supply	supply	NOUN
easat-2335	68	12	has	have	AUX
easat-2335	68	13	led	lead	VERB
easat-2335	68	14	to	to	ADP
easat-2335	68	15	calls	call	NOUN
easat-2335	68	16	for	for	ADP
easat-2335	68	17	increased	increase	VERB
easat-2335	68	18	transparency	transparency	NOUN
easat-2335	68	19	in	in	ADP
easat-2335	68	20	corporate	corporate	ADJ
easat-2335	68	21	reporting	reporting	NOUN
easat-2335	68	22	[	[	X
easat-2335	68	23	20	20	NUM
easat-2335	68	24	]	]	PUNCT
easat-2335	68	25	.	.	PUNCT
easat-2335	69	1	the	the	DET
easat-2335	69	2	benefits	benefit	NOUN
easat-2335	69	3	of	of	ADP
easat-2335	69	4	esg	esg	PROPN
easat-2335	69	5	disclosure	disclosure	NOUN
easat-2335	69	6	have	have	AUX
easat-2335	69	7	been	be	AUX
easat-2335	69	8	extensively	extensively	ADV
easat-2335	69	9	studied	study	VERB
easat-2335	69	10	,	,	PUNCT
easat-2335	69	11	with	with	ADP
easat-2335	69	12	research	research	NOUN
easat-2335	69	13	indicating	indicate	VERB
easat-2335	69	14	positive	positive	ADJ
easat-2335	69	15	impacts	impact	NOUN
easat-2335	69	16	on	on	ADP
easat-2335	69	17	company	company	NOUN
easat-2335	69	18	performance	performance	NOUN
easat-2335	69	19	(	(	PUNCT
easat-2335	69	20	chen	chen	PROPN
easat-2335	69	21	et	et	PROPN
easat-2335	69	22	al	al	PROPN
easat-2335	69	23	.	.	PROPN
easat-2335	69	24	,	,	PUNCT
easat-2335	69	25	2023	2023	NUM
easat-2335	69	26	;	;	PUNCT
easat-2335	69	27	lian	lian	PROPN
easat-2335	69	28	,	,	PUNCT
easat-2335	69	29	li	li	PROPN
easat-2335	69	30	,	,	PUNCT
easat-2335	69	31	and	and	CCONJ
easat-2335	69	32	cao	cao	PROPN
easat-2335	69	33	2023	2023	NUM
easat-2335	69	34	)	)	PUNCT
easat-2335	69	35	and	and	CCONJ
easat-2335	69	36	shareholder	shareholder	NOUN
easat-2335	69	37	wealth	wealth	NOUN
easat-2335	69	38	(	(	PUNCT
easat-2335	69	39	el	el	PROPN
easat-2335	69	40	khoury	khoury	PROPN
easat-2335	69	41	et	et	PROPN
easat-2335	69	42	al	al	PROPN
easat-2335	69	43	.	.	PROPN
easat-2335	69	44	,	,	PUNCT
easat-2335	69	45	2023	2023	NUM
easat-2335	69	46	)	)	PUNCT
easat-2335	69	47	.	.	PUNCT
easat-2335	70	1	in	in	ADP
easat-2335	70	2	indonesia	indonesia	PROPN
easat-2335	70	3	,	,	PUNCT
easat-2335	70	4	the	the	DET
easat-2335	70	5	financial	financial	ADJ
easat-2335	70	6	services	service	NOUN
easat-2335	70	7	authority	authority	NOUN
easat-2335	70	8	(	(	PUNCT
easat-2335	70	9	ojk	ojk	NOUN
easat-2335	70	10	)	)	PUNCT
easat-2335	70	11	has	have	AUX
easat-2335	70	12	issued	issue	VERB
easat-2335	70	13	guidelines	guideline	NOUN
easat-2335	70	14	for	for	ADP
easat-2335	70	15	sustainability	sustainability	NOUN
easat-2335	70	16	reporting	report	VERB
easat-2335	70	17	through	through	ADP
easat-2335	70	18	seojk	seojk	NOUN
easat-2335	70	19	nomor	nomor	PROPN
easat-2335	70	20	16	16	NUM
easat-2335	70	21	/seojk.04/2021	/seojk.04/2021	PUNCT
easat-2335	70	22	;	;	PUNCT
easat-2335	70	23	a	a	DET
easat-2335	70	24	standardized	standardized	ADJ
easat-2335	70	25	format	format	NOUN
easat-2335	70	26	for	for	ADP
easat-2335	70	27	esg	esg	PROPN
easat-2335	70	28	disclosures	disclosure	NOUN
easat-2335	70	29	still	still	ADV
easat-2335	70	30	needs	need	VERB
easat-2335	70	31	to	to	PART
easat-2335	70	32	be	be	AUX
easat-2335	70	33	standardized	standardize	VERB
easat-2335	70	34	.	.	PUNCT
easat-2335	71	1	many	many	ADJ
easat-2335	71	2	companies	company	NOUN
easat-2335	71	3	rely	rely	VERB
easat-2335	71	4	on	on	ADP
easat-2335	71	5	frameworks	framework	NOUN
easat-2335	71	6	such	such	ADJ
easat-2335	71	7	as	as	ADP
easat-2335	71	8	the	the	DET
easat-2335	71	9	global	global	ADJ
easat-2335	71	10	reporting	reporting	NOUN
easat-2335	71	11	initiative	initiative	NOUN
easat-2335	71	12	(	(	PUNCT
easat-2335	71	13	gri	gri	PROPN
easat-2335	71	14	)	)	PUNCT
easat-2335	71	15	for	for	ADP
easat-2335	71	16	non	non	ADJ
easat-2335	71	17	-	-	ADJ
easat-2335	71	18	financial	financial	ADJ
easat-2335	71	19	reporting	reporting	NOUN
easat-2335	71	20	guidance	guidance	NOUN
easat-2335	71	21	.	.	PUNCT
easat-2335	72	1	a	a	DET
easat-2335	72	2	recent	recent	ADJ
easat-2335	72	3	study	study	NOUN
easat-2335	72	4	reveals	reveal	VERB
easat-2335	72	5	that	that	SCONJ
easat-2335	72	6	88	88	NUM
easat-2335	72	7	%	%	NOUN
easat-2335	72	8	of	of	ADP
easat-2335	72	9	listed	list	VERB
easat-2335	72	10	companies	company	NOUN
easat-2335	72	11	in	in	ADP
easat-2335	72	12	indonesia	indonesia	PROPN
easat-2335	72	13	provided	provide	VERB
easat-2335	72	14	some	some	DET
easat-2335	72	15	form	form	NOUN
easat-2335	72	16	of	of	ADP
easat-2335	72	17	esg	esg	PROPN
easat-2335	72	18	disclosure	disclosure	NOUN
easat-2335	72	19	in	in	ADP
easat-2335	72	20	2022	2022	NUM
easat-2335	72	21	,	,	PUNCT
easat-2335	72	22	with	with	ADP
easat-2335	72	23	80	80	NUM
easat-2335	72	24	%	%	NOUN
easat-2335	72	25	using	use	VERB
easat-2335	72	26	gri	gri	PROPN
easat-2335	72	27	standards	standard	NOUN
easat-2335	72	28	(	(	PUNCT
easat-2335	72	29	indonesia	indonesia	PROPN
easat-2335	72	30	,	,	PUNCT
easat-2335	72	31	2023	2023	NUM
easat-2335	72	32	)	)	PUNCT
easat-2335	72	33	.	.	PUNCT
easat-2335	73	1	however	however	ADV
easat-2335	73	2	,	,	PUNCT
easat-2335	73	3	the	the	DET
easat-2335	73	4	relationship	relationship	NOUN
easat-2335	73	5	between	between	ADP
easat-2335	73	6	esg	esg	PROPN
easat-2335	73	7	disclosure	disclosure	NOUN
easat-2335	73	8	and	and	CCONJ
easat-2335	73	9	financial	financial	ADJ
easat-2335	73	10	performance	performance	NOUN
easat-2335	73	11	is	be	AUX
easat-2335	73	12	complex	complex	ADJ
easat-2335	73	13	and	and	CCONJ
easat-2335	73	14	context	context	NOUN
easat-2335	73	15	-	-	PUNCT
easat-2335	73	16	dependent	dependent	ADJ
easat-2335	73	17	.	.	PUNCT
easat-2335	74	1	while	while	SCONJ
easat-2335	74	2	some	some	DET
easat-2335	74	3	studies	study	NOUN
easat-2335	74	4	have	have	AUX
easat-2335	74	5	found	find	VERB
easat-2335	74	6	positive	positive	ADJ
easat-2335	74	7	correlations	correlation	NOUN
easat-2335	74	8	between	between	ADP
easat-2335	74	9	esg	esg	PROPN
easat-2335	74	10	criteria	criterion	NOUN
easat-2335	74	11	and	and	CCONJ
easat-2335	74	12	corporate	corporate	ADJ
easat-2335	74	13	financial	financial	ADJ
easat-2335	74	14	performance	performance	NOUN
easat-2335	74	15	[	[	X
easat-2335	74	16	22	22	NUM
easat-2335	74	17	]	]	PUNCT
easat-2335	74	18	,	,	PUNCT
easat-2335	74	19	others	other	NOUN
easat-2335	74	20	have	have	AUX
easat-2335	74	21	reported	report	VERB
easat-2335	74	22	negative	negative	ADJ
easat-2335	74	23	impacts	impact	NOUN
easat-2335	74	24	,	,	PUNCT
easat-2335	74	25	particularly	particularly	ADV
easat-2335	74	26	in	in	ADP
easat-2335	74	27	emerging	emerge	VERB
easat-2335	74	28	markets	market	NOUN
easat-2335	74	29	[	[	X
easat-2335	74	30	23	23	NUM
easat-2335	74	31	]	]	PUNCT
easat-2335	74	32	.	.	PUNCT
easat-2335	75	1	the	the	DET
easat-2335	75	2	costs	cost	NOUN
easat-2335	75	3	associated	associate	VERB
easat-2335	75	4	with	with	ADP
easat-2335	75	5	esg	esg	PROPN
easat-2335	75	6	initiatives	initiative	NOUN
easat-2335	75	7	and	and	CCONJ
easat-2335	75	8	market	market	NOUN
easat-2335	75	9	scepticism	scepticism	NOUN
easat-2335	75	10	may	may	AUX
easat-2335	75	11	contribute	contribute	VERB
easat-2335	75	12	to	to	ADP
easat-2335	75	13	these	these	DET
easat-2335	75	14	adverse	adverse	ADJ
easat-2335	75	15	effects	effect	NOUN
easat-2335	75	16	.	.	PUNCT
easat-2335	76	1	1738	1738	NUM
easat-2335	76	2	edelweiss	edelweiss	PROPN
easat-2335	76	3	applied	apply	VERB
easat-2335	76	4	science	science	NOUN
easat-2335	76	5	and	and	CCONJ
easat-2335	76	6	technology	technology	NOUN
easat-2335	76	7	issn	issn	PROPN
easat-2335	76	8	:	:	PUNCT
easat-2335	76	9	2576	2576	NUM
easat-2335	76	10	-	-	SYM
easat-2335	76	11	8484	8484	NUM
easat-2335	76	12	vol	vol	NOUN
easat-2335	76	13	.	.	PROPN
easat-2335	76	14	8	8	NUM
easat-2335	76	15	,	,	PUNCT
easat-2335	76	16	no	no	INTJ
easat-2335	76	17	.	.	NOUN
easat-2335	77	1	6	6	NUM
easat-2335	77	2	:	:	SYM
easat-2335	77	3	1735	1735	NUM
easat-2335	77	4	-	-	SYM
easat-2335	77	5	1750	1750	NUM
easat-2335	77	6	,	,	PUNCT
easat-2335	77	7	2024	2024	NUM
easat-2335	77	8	doi	doi	NOUN
easat-2335	77	9	:	:	PUNCT
easat-2335	77	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	77	11	©	©	PROPN
easat-2335	77	12	2024	2024	NUM
easat-2335	77	13	by	by	ADP
easat-2335	77	14	the	the	DET
easat-2335	77	15	authors	author	NOUN
easat-2335	77	16	;	;	PUNCT
easat-2335	77	17	licensee	licensee	PROPN
easat-2335	77	18	learning	learning	NOUN
easat-2335	77	19	gate	gate	NOUN
easat-2335	77	20	3	3	NUM
easat-2335	77	21	.	.	PUNCT
easat-2335	78	1	methods	method	NOUN
easat-2335	78	2	this	this	DET
easat-2335	78	3	research	research	NOUN
easat-2335	78	4	adopts	adopt	VERB
easat-2335	78	5	a	a	DET
easat-2335	78	6	mixed	mixed	ADJ
easat-2335	78	7	-	-	PUNCT
easat-2335	78	8	methods	method	NOUN
easat-2335	78	9	approach	approach	NOUN
easat-2335	78	10	,	,	PUNCT
easat-2335	78	11	integrating	integrate	VERB
easat-2335	78	12	qualitative	qualitative	ADJ
easat-2335	78	13	and	and	CCONJ
easat-2335	78	14	quantitative	quantitative	ADJ
easat-2335	78	15	methods	method	NOUN
easat-2335	78	16	to	to	PART
easat-2335	78	17	examine	examine	VERB
easat-2335	78	18	esg	esg	PROPN
easat-2335	78	19	reporting	reporting	NOUN
easat-2335	78	20	in	in	ADP
easat-2335	78	21	manufacturing	manufacture	VERB
easat-2335	78	22	companies	company	NOUN
easat-2335	78	23	comprehensively	comprehensively	ADV
easat-2335	78	24	.	.	PUNCT
easat-2335	79	1	the	the	DET
easat-2335	79	2	qualitative	qualitative	ADJ
easat-2335	79	3	component	component	NOUN
easat-2335	79	4	focuses	focus	VERB
easat-2335	79	5	on	on	ADP
easat-2335	79	6	developing	develop	VERB
easat-2335	79	7	a	a	DET
easat-2335	79	8	tailored	tailor	VERB
easat-2335	79	9	esg	esg	NOUN
easat-2335	79	10	reporting	reporting	NOUN
easat-2335	79	11	model	model	NOUN
easat-2335	79	12	for	for	ADP
easat-2335	79	13	investor	investor	NOUN
easat-2335	79	14	use	use	NOUN
easat-2335	79	15	.	.	PUNCT
easat-2335	80	1	in	in	ADP
easat-2335	80	2	contrast	contrast	NOUN
easat-2335	80	3	,	,	PUNCT
easat-2335	80	4	the	the	DET
easat-2335	80	5	quantitative	quantitative	ADJ
easat-2335	80	6	component	component	NOUN
easat-2335	80	7	assesses	assesse	NOUN
easat-2335	80	8	this	this	DET
easat-2335	80	9	model	model	NOUN
easat-2335	80	10	's	's	PART
easat-2335	80	11	impact	impact	NOUN
easat-2335	80	12	on	on	ADP
easat-2335	80	13	manufacturing	manufacture	VERB
easat-2335	80	14	companies	company	NOUN
easat-2335	80	15	'	'	PART
easat-2335	80	16	financial	financial	ADJ
easat-2335	80	17	performance	performance	NOUN
easat-2335	80	18	.	.	PUNCT
easat-2335	81	1	the	the	DET
easat-2335	81	2	study	study	NOUN
easat-2335	81	3	is	be	AUX
easat-2335	81	4	structured	structure	VERB
easat-2335	81	5	in	in	ADP
easat-2335	81	6	two	two	NUM
easat-2335	81	7	phases	phase	NOUN
easat-2335	81	8	.	.	PUNCT
easat-2335	82	1	the	the	DET
easat-2335	82	2	qualitative	qualitative	ADJ
easat-2335	82	3	phase	phase	NOUN
easat-2335	82	4	aims	aim	VERB
easat-2335	82	5	to	to	PART
easat-2335	82	6	create	create	VERB
easat-2335	82	7	an	an	DET
easat-2335	82	8	esg	esg	NOUN
easat-2335	82	9	reporting	reporting	NOUN
easat-2335	82	10	model	model	NOUN
easat-2335	82	11	based	base	VERB
easat-2335	82	12	on	on	ADP
easat-2335	82	13	existing	exist	VERB
easat-2335	82	14	regulatory	regulatory	ADJ
easat-2335	82	15	frameworks	framework	NOUN
easat-2335	82	16	.	.	PUNCT
easat-2335	83	1	in	in	ADP
easat-2335	83	2	contrast	contrast	NOUN
easat-2335	83	3	,	,	PUNCT
easat-2335	83	4	the	the	DET
easat-2335	83	5	quantitative	quantitative	ADJ
easat-2335	83	6	phase	phase	NOUN
easat-2335	83	7	evaluates	evaluate	VERB
easat-2335	83	8	the	the	DET
easat-2335	83	9	model	model	NOUN
easat-2335	83	10	's	's	PART
easat-2335	83	11	impact	impact	NOUN
easat-2335	83	12	on	on	ADP
easat-2335	83	13	financial	financial	ADJ
easat-2335	83	14	performance	performance	NOUN
easat-2335	83	15	indicators	indicator	NOUN
easat-2335	83	16	,	,	PUNCT
easat-2335	83	17	including	include	VERB
easat-2335	83	18	stock	stock	NOUN
easat-2335	83	19	returns	return	NOUN
easat-2335	83	20	,	,	PUNCT
easat-2335	83	21	tobin	tobin	PROPN
easat-2335	83	22	's	's	PART
easat-2335	83	23	q	q	NOUN
easat-2335	83	24	,	,	PUNCT
easat-2335	83	25	and	and	CCONJ
easat-2335	83	26	competitive	competitive	ADJ
easat-2335	83	27	advantage	advantage	NOUN
easat-2335	83	28	.	.	PUNCT
easat-2335	84	1	combining	combine	VERB
easat-2335	84	2	these	these	DET
easat-2335	84	3	two	two	NUM
easat-2335	84	4	methods	method	NOUN
easat-2335	84	5	will	will	AUX
easat-2335	84	6	provide	provide	VERB
easat-2335	84	7	a	a	DET
easat-2335	84	8	complete	complete	ADJ
easat-2335	84	9	understanding	understanding	NOUN
easat-2335	84	10	of	of	ADP
easat-2335	84	11	esg	esg	NOUN
easat-2335	84	12	reporting	reporting	NOUN
easat-2335	84	13	practices	practice	NOUN
easat-2335	84	14	and	and	CCONJ
easat-2335	84	15	their	their	PRON
easat-2335	84	16	implications	implication	NOUN
easat-2335	84	17	for	for	ADP
easat-2335	84	18	companies	company	NOUN
easat-2335	84	19	and	and	CCONJ
easat-2335	84	20	investors	investor	NOUN
easat-2335	84	21	.	.	PUNCT
easat-2335	85	1	in	in	ADP
easat-2335	85	2	the	the	DET
easat-2335	85	3	qualitative	qualitative	ADJ
easat-2335	85	4	stage	stage	NOUN
easat-2335	85	5	,	,	PUNCT
easat-2335	85	6	the	the	DET
easat-2335	85	7	primary	primary	ADJ
easat-2335	85	8	goal	goal	NOUN
easat-2335	85	9	is	be	AUX
easat-2335	85	10	to	to	PART
easat-2335	85	11	create	create	VERB
easat-2335	85	12	an	an	DET
easat-2335	85	13	esg	esg	NOUN
easat-2335	85	14	reporting	reporting	NOUN
easat-2335	85	15	framework	framework	NOUN
easat-2335	85	16	that	that	PRON
easat-2335	85	17	aligns	align	VERB
easat-2335	85	18	with	with	ADP
easat-2335	85	19	the	the	DET
easat-2335	85	20	requirements	requirement	NOUN
easat-2335	85	21	of	of	ADP
easat-2335	85	22	investors	investor	NOUN
easat-2335	85	23	and	and	CCONJ
easat-2335	85	24	meets	meet	VERB
easat-2335	85	25	regulatory	regulatory	ADJ
easat-2335	85	26	standards	standard	NOUN
easat-2335	85	27	.	.	PUNCT
easat-2335	86	1	the	the	DET
easat-2335	86	2	development	development	NOUN
easat-2335	86	3	begins	begin	VERB
easat-2335	86	4	with	with	ADP
easat-2335	86	5	reviewing	review	VERB
easat-2335	86	6	existing	exist	VERB
easat-2335	86	7	guidelines	guideline	NOUN
easat-2335	86	8	,	,	PUNCT
easat-2335	86	9	including	include	VERB
easat-2335	86	10	the	the	DET
easat-2335	86	11	seojk	seojk	NOUN
easat-2335	86	12	no.16/2021	no.16/2021	NUM
easat-2335	86	13	from	from	ADP
easat-2335	86	14	indonesia	indonesia	PROPN
easat-2335	86	15	's	's	PART
easat-2335	86	16	financial	financial	ADJ
easat-2335	86	17	services	service	NOUN
easat-2335	86	18	authority	authority	NOUN
easat-2335	86	19	and	and	CCONJ
easat-2335	86	20	the	the	DET
easat-2335	86	21	internationally	internationally	ADV
easat-2335	86	22	recognized	recognize	VERB
easat-2335	86	23	global	global	ADJ
easat-2335	86	24	reporting	reporting	NOUN
easat-2335	86	25	initiative	initiative	NOUN
easat-2335	86	26	(	(	PUNCT
easat-2335	86	27	gri	gri	NOUN
easat-2335	86	28	)	)	PUNCT
easat-2335	86	29	standards	standard	NOUN
easat-2335	86	30	.	.	PUNCT
easat-2335	87	1	the	the	DET
easat-2335	87	2	steps	step	NOUN
easat-2335	87	3	involved	involve	VERB
easat-2335	87	4	in	in	ADP
easat-2335	87	5	the	the	DET
easat-2335	87	6	qualitative	qualitative	ADJ
easat-2335	87	7	procedure	procedure	NOUN
easat-2335	87	8	are	be	AUX
easat-2335	87	9	identifying	identify	VERB
easat-2335	87	10	esg	esg	NOUN
easat-2335	87	11	disclosure	disclosure	NOUN
easat-2335	87	12	items	item	NOUN
easat-2335	87	13	based	base	VERB
easat-2335	87	14	on	on	ADP
easat-2335	87	15	the	the	DET
easat-2335	87	16	gri	gri	PROPN
easat-2335	87	17	standards	standard	NOUN
easat-2335	87	18	,	,	PUNCT
easat-2335	87	19	analyzing	analyze	VERB
easat-2335	87	20	the	the	DET
easat-2335	87	21	mandatory	mandatory	ADJ
easat-2335	87	22	esg	esg	PROPN
easat-2335	87	23	disclosure	disclosure	NOUN
easat-2335	87	24	components	component	NOUN
easat-2335	87	25	in	in	ADP
easat-2335	87	26	seojk	seojk	PROPN
easat-2335	87	27	no.16/2021	no.16/2021	PROPN
easat-2335	87	28	,	,	PUNCT
easat-2335	87	29	drafting	draft	VERB
easat-2335	87	30	an	an	DET
easat-2335	87	31	initial	initial	ADJ
easat-2335	87	32	esg	esg	NOUN
easat-2335	87	33	disclosure	disclosure	NOUN
easat-2335	87	34	model	model	NOUN
easat-2335	87	35	for	for	ADP
easat-2335	87	36	manufacturing	manufacturing	NOUN
easat-2335	87	37	companies	company	NOUN
easat-2335	87	38	,	,	PUNCT
easat-2335	87	39	conducting	conduct	VERB
easat-2335	87	40	focus	focus	NOUN
easat-2335	87	41	group	group	NOUN
easat-2335	87	42	discussions	discussion	NOUN
easat-2335	87	43	(	(	PUNCT
easat-2335	87	44	fgds	fgds	PROPN
easat-2335	87	45	)	)	PUNCT
easat-2335	87	46	with	with	ADP
easat-2335	87	47	key	key	ADJ
easat-2335	87	48	stakeholders	stakeholder	NOUN
easat-2335	87	49	such	such	ADJ
easat-2335	87	50	as	as	ADP
easat-2335	87	51	investors	investor	NOUN
easat-2335	87	52	,	,	PUNCT
easat-2335	87	53	practitioners	practitioner	NOUN
easat-2335	87	54	,	,	PUNCT
easat-2335	87	55	and	and	CCONJ
easat-2335	87	56	academics	academic	NOUN
easat-2335	87	57	to	to	PART
easat-2335	87	58	refine	refine	VERB
easat-2335	87	59	the	the	DET
easat-2335	87	60	esg	esg	NOUN
easat-2335	87	61	model	model	NOUN
easat-2335	87	62	and	and	CCONJ
easat-2335	87	63	finalizing	finalize	VERB
easat-2335	87	64	the	the	DET
easat-2335	87	65	esg	esg	NOUN
easat-2335	87	66	reporting	reporting	NOUN
easat-2335	87	67	model	model	NOUN
easat-2335	87	68	based	base	VERB
easat-2335	87	69	on	on	ADP
easat-2335	87	70	feedback	feedback	NOUN
easat-2335	87	71	from	from	ADP
easat-2335	87	72	these	these	DET
easat-2335	87	73	discussions	discussion	NOUN
easat-2335	87	74	and	and	CCONJ
easat-2335	87	75	presenting	present	VERB
easat-2335	87	76	it	it	PRON
easat-2335	87	77	for	for	ADP
easat-2335	87	78	socialization	socialization	NOUN
easat-2335	87	79	and	and	CCONJ
easat-2335	87	80	implementation	implementation	NOUN
easat-2335	87	81	.	.	PUNCT
easat-2335	88	1	after	after	ADP
easat-2335	88	2	finalizing	finalize	VERB
easat-2335	88	3	the	the	DET
easat-2335	88	4	esg	esg	PROPN
easat-2335	88	5	model	model	NOUN
easat-2335	88	6	,	,	PUNCT
easat-2335	88	7	the	the	DET
easat-2335	88	8	quantitative	quantitative	ADJ
easat-2335	88	9	phase	phase	NOUN
easat-2335	88	10	focuses	focus	VERB
easat-2335	88	11	on	on	ADP
easat-2335	88	12	testing	test	VERB
easat-2335	88	13	the	the	DET
easat-2335	88	14	model	model	NOUN
easat-2335	88	15	's	's	PART
easat-2335	88	16	impact	impact	NOUN
easat-2335	88	17	on	on	ADP
easat-2335	88	18	the	the	DET
easat-2335	88	19	financial	financial	ADJ
easat-2335	88	20	performance	performance	NOUN
easat-2335	88	21	of	of	ADP
easat-2335	88	22	manufacturing	manufacturing	NOUN
easat-2335	88	23	companies	company	NOUN
easat-2335	88	24	.	.	PUNCT
easat-2335	89	1	the	the	DET
easat-2335	89	2	sample	sample	NOUN
easat-2335	89	3	includes	include	VERB
easat-2335	89	4	manufacturing	manufacturing	NOUN
easat-2335	89	5	firms	firm	NOUN
easat-2335	89	6	listed	list	VERB
easat-2335	89	7	on	on	ADP
easat-2335	89	8	the	the	DET
easat-2335	89	9	indonesia	indonesia	PROPN
easat-2335	89	10	stock	stock	PROPN
easat-2335	89	11	exchange	exchange	NOUN
easat-2335	89	12	between	between	ADP
easat-2335	89	13	2020	2020	NUM
easat-2335	89	14	and	and	CCONJ
easat-2335	89	15	2023	2023	NUM
easat-2335	89	16	,	,	PUNCT
easat-2335	89	17	selected	select	VERB
easat-2335	89	18	based	base	VERB
easat-2335	89	19	on	on	ADP
easat-2335	89	20	specific	specific	ADJ
easat-2335	89	21	criteria	criterion	NOUN
easat-2335	89	22	,	,	PUNCT
easat-2335	89	23	including	include	VERB
easat-2335	89	24	the	the	DET
easat-2335	89	25	continuous	continuous	ADJ
easat-2335	89	26	publication	publication	NOUN
easat-2335	89	27	of	of	ADP
easat-2335	89	28	independent	independent	ADJ
easat-2335	89	29	sustainability	sustainability	NOUN
easat-2335	89	30	reports	report	NOUN
easat-2335	89	31	and	and	CCONJ
easat-2335	89	32	audited	audit	VERB
easat-2335	89	33	financial	financial	ADJ
easat-2335	89	34	statements	statement	NOUN
easat-2335	89	35	.	.	PUNCT
easat-2335	90	1	esg	esg	NOUN
easat-2335	90	2	disclosure	disclosure	NOUN
easat-2335	90	3	is	be	AUX
easat-2335	90	4	measured	measure	VERB
easat-2335	90	5	by	by	ADP
easat-2335	90	6	assigning	assign	VERB
easat-2335	90	7	a	a	DET
easat-2335	90	8	score	score	NOUN
easat-2335	90	9	to	to	ADP
easat-2335	90	10	each	each	DET
easat-2335	90	11	criterion	criterion	NOUN
easat-2335	90	12	,	,	PUNCT
easat-2335	90	13	with	with	ADP
easat-2335	90	14	1	1	NUM
easat-2335	90	15	indicating	indicate	VERB
easat-2335	90	16	disclosure	disclosure	NOUN
easat-2335	90	17	and	and	CCONJ
easat-2335	90	18	0	0	NUM
easat-2335	90	19	indicating	indicate	VERB
easat-2335	90	20	non	non	NOUN
easat-2335	90	21	-	-	NOUN
easat-2335	90	22	disclosure	disclosure	NOUN
easat-2335	90	23	.	.	PUNCT
easat-2335	91	1	the	the	DET
easat-2335	91	2	effect	effect	NOUN
easat-2335	91	3	of	of	ADP
easat-2335	91	4	these	these	DET
easat-2335	91	5	disclosures	disclosure	NOUN
easat-2335	91	6	on	on	ADP
easat-2335	91	7	financial	financial	ADJ
easat-2335	91	8	performance	performance	NOUN
easat-2335	91	9	is	be	AUX
easat-2335	91	10	then	then	ADV
easat-2335	91	11	analyzed	analyze	VERB
easat-2335	91	12	using	use	VERB
easat-2335	91	13	multiple	multiple	ADJ
easat-2335	91	14	regression	regression	NOUN
easat-2335	91	15	analysis	analysis	NOUN
easat-2335	91	16	with	with	ADP
easat-2335	91	17	partial	partial	ADJ
easat-2335	91	18	least	least	ADJ
easat-2335	91	19	squares	square	NOUN
easat-2335	91	20	.	.	PUNCT
easat-2335	92	1	three	three	NUM
easat-2335	92	2	models	model	NOUN
easat-2335	92	3	(	(	PUNCT
easat-2335	92	4	m1	m1	NOUN
easat-2335	92	5	,	,	PUNCT
easat-2335	92	6	m2	m2	PROPN
easat-2335	92	7	,	,	PUNCT
easat-2335	92	8	m3	m3	PROPN
easat-2335	92	9	)	)	PUNCT
easat-2335	92	10	are	be	AUX
easat-2335	92	11	used	use	VERB
easat-2335	92	12	to	to	PART
easat-2335	92	13	examine	examine	VERB
easat-2335	92	14	the	the	DET
easat-2335	92	15	relationship	relationship	NOUN
easat-2335	92	16	between	between	ADP
easat-2335	92	17	esg	esg	PROPN
easat-2335	92	18	disclosure	disclosure	NOUN
easat-2335	92	19	and	and	CCONJ
easat-2335	92	20	key	key	ADJ
easat-2335	92	21	financial	financial	ADJ
easat-2335	92	22	performance	performance	NOUN
easat-2335	92	23	indicators	indicator	NOUN
easat-2335	92	24	:	:	PUNCT
easat-2335	92	25	stock	stock	NOUN
easat-2335	92	26	returns	return	NOUN
easat-2335	92	27	(	(	PUNCT
easat-2335	92	28	rs	rs	NOUN
easat-2335	92	29	)	)	PUNCT
easat-2335	92	30	,	,	PUNCT
easat-2335	92	31	tobin	tobin	PROPN
easat-2335	92	32	’s	’s	PART
easat-2335	92	33	q	q	NOUN
easat-2335	92	34	,	,	PUNCT
easat-2335	92	35	and	and	CCONJ
easat-2335	92	36	competitive	competitive	ADJ
easat-2335	92	37	advantage	advantage	NOUN
easat-2335	92	38	(	(	PUNCT
easat-2335	92	39	ca	ca	NOUN
easat-2335	92	40	)	)	PUNCT
easat-2335	92	41	.	.	PUNCT
easat-2335	93	1	the	the	DET
easat-2335	93	2	research	research	NOUN
easat-2335	93	3	employs	employ	VERB
easat-2335	93	4	both	both	PRON
easat-2335	93	5	qualitative	qualitative	ADJ
easat-2335	93	6	and	and	CCONJ
easat-2335	93	7	quantitative	quantitative	ADJ
easat-2335	93	8	data	datum	NOUN
easat-2335	93	9	.	.	PUNCT
easat-2335	94	1	qualitative	qualitative	ADJ
easat-2335	94	2	data	datum	NOUN
easat-2335	94	3	is	be	AUX
easat-2335	94	4	derived	derive	VERB
easat-2335	94	5	from	from	ADP
easat-2335	94	6	content	content	ADJ
easat-2335	94	7	analysis	analysis	NOUN
easat-2335	94	8	of	of	ADP
easat-2335	94	9	the	the	DET
easat-2335	94	10	gri	gri	PROPN
easat-2335	94	11	standards	standard	NOUN
easat-2335	94	12	and	and	CCONJ
easat-2335	94	13	seojk	seojk	NOUN
easat-2335	94	14	no.16/2021	no.16/2021	NOUN
easat-2335	94	15	and	and	CCONJ
easat-2335	94	16	input	input	NOUN
easat-2335	94	17	from	from	ADP
easat-2335	94	18	fgds	fgds	NOUN
easat-2335	94	19	involving	involve	VERB
easat-2335	94	20	investors	investor	NOUN
easat-2335	94	21	,	,	PUNCT
easat-2335	94	22	practitioners	practitioner	NOUN
easat-2335	94	23	,	,	PUNCT
easat-2335	94	24	and	and	CCONJ
easat-2335	94	25	academics	academic	NOUN
easat-2335	94	26	.	.	PUNCT
easat-2335	95	1	quantitative	quantitative	ADJ
easat-2335	95	2	data	datum	NOUN
easat-2335	95	3	includes	include	VERB
easat-2335	95	4	the	the	DET
easat-2335	95	5	financial	financial	ADJ
easat-2335	95	6	metrics	metric	NOUN
easat-2335	95	7	(	(	PUNCT
easat-2335	95	8	stock	stock	NOUN
easat-2335	95	9	returns	return	NOUN
easat-2335	95	10	,	,	PUNCT
easat-2335	95	11	tobin	tobin	PROPN
easat-2335	95	12	’s	’s	PART
easat-2335	95	13	q	q	NOUN
easat-2335	95	14	,	,	PUNCT
easat-2335	95	15	and	and	CCONJ
easat-2335	95	16	competitive	competitive	ADJ
easat-2335	95	17	advantage	advantage	NOUN
easat-2335	95	18	)	)	PUNCT
easat-2335	95	19	of	of	ADP
easat-2335	95	20	the	the	DET
easat-2335	95	21	manufacturing	manufacture	VERB
easat-2335	95	22	companies	company	NOUN
easat-2335	95	23	in	in	ADP
easat-2335	95	24	the	the	DET
easat-2335	95	25	sample	sample	NOUN
easat-2335	95	26	,	,	PUNCT
easat-2335	95	27	as	as	ADV
easat-2335	95	28	well	well	ADV
easat-2335	95	29	as	as	ADP
easat-2335	95	30	esg	esg	PROPN
easat-2335	95	31	disclosure	disclosure	NOUN
easat-2335	95	32	scores	score	NOUN
easat-2335	95	33	assigned	assign	VERB
easat-2335	95	34	based	base	VERB
easat-2335	95	35	on	on	ADP
easat-2335	95	36	the	the	DET
easat-2335	95	37	developed	develop	VERB
easat-2335	95	38	esg	esg	PROPN
easat-2335	95	39	model	model	NOUN
easat-2335	95	40	.	.	PUNCT
easat-2335	96	1	under	under	ADP
easat-2335	96	2	qualitative	qualitative	ADJ
easat-2335	96	3	data	datum	NOUN
easat-2335	96	4	collection	collection	NOUN
easat-2335	96	5	:	:	PUNCT
easat-2335	96	6	esg	esg	NOUN
easat-2335	96	7	disclosure	disclosure	NOUN
easat-2335	96	8	items	item	NOUN
easat-2335	96	9	are	be	AUX
easat-2335	96	10	collected	collect	VERB
easat-2335	96	11	through	through	ADP
easat-2335	96	12	a	a	DET
easat-2335	96	13	detailed	detailed	ADJ
easat-2335	96	14	review	review	NOUN
easat-2335	96	15	of	of	ADP
easat-2335	96	16	regulatory	regulatory	ADJ
easat-2335	96	17	frameworks	framework	NOUN
easat-2335	96	18	and	and	CCONJ
easat-2335	96	19	best	good	ADJ
easat-2335	96	20	practices	practice	NOUN
easat-2335	96	21	,	,	PUNCT
easat-2335	96	22	with	with	SCONJ
easat-2335	96	23	additional	additional	ADJ
easat-2335	96	24	insights	insight	NOUN
easat-2335	96	25	gathered	gather	VERB
easat-2335	96	26	through	through	ADP
easat-2335	96	27	fgds	fgds	PROPN
easat-2335	96	28	.	.	PUNCT
easat-2335	97	1	these	these	DET
easat-2335	97	2	discussions	discussion	NOUN
easat-2335	97	3	involve	involve	VERB
easat-2335	97	4	a	a	DET
easat-2335	97	5	range	range	NOUN
easat-2335	97	6	of	of	ADP
easat-2335	97	7	stakeholders	stakeholder	NOUN
easat-2335	97	8	to	to	PART
easat-2335	97	9	ensure	ensure	VERB
easat-2335	97	10	that	that	SCONJ
easat-2335	97	11	the	the	DET
easat-2335	97	12	final	final	ADJ
easat-2335	97	13	esg	esg	PROPN
easat-2335	97	14	reporting	reporting	NOUN
easat-2335	97	15	model	model	NOUN
easat-2335	97	16	reflects	reflect	VERB
easat-2335	97	17	the	the	DET
easat-2335	97	18	needs	need	NOUN
easat-2335	97	19	and	and	CCONJ
easat-2335	97	20	expectations	expectation	NOUN
easat-2335	97	21	of	of	ADP
easat-2335	97	22	the	the	DET
easat-2335	97	23	investment	investment	NOUN
easat-2335	97	24	community	community	NOUN
easat-2335	97	25	.	.	PUNCT
easat-2335	98	1	quantitative	quantitative	ADJ
easat-2335	98	2	data	datum	NOUN
easat-2335	98	3	is	be	AUX
easat-2335	98	4	sourced	source	VERB
easat-2335	98	5	from	from	ADP
easat-2335	98	6	the	the	DET
easat-2335	98	7	published	publish	VERB
easat-2335	98	8	annual	annual	ADJ
easat-2335	98	9	and	and	CCONJ
easat-2335	98	10	sustainability	sustainability	NOUN
easat-2335	98	11	reports	report	NOUN
easat-2335	98	12	of	of	ADP
easat-2335	98	13	manufacturing	manufacture	VERB
easat-2335	98	14	companies	company	NOUN
easat-2335	98	15	on	on	ADP
easat-2335	98	16	the	the	DET
easat-2335	98	17	indonesia	indonesia	PROPN
easat-2335	98	18	stock	stock	PROPN
easat-2335	98	19	exchange	exchange	PROPN
easat-2335	98	20	.	.	PUNCT
easat-2335	99	1	esg	esg	NOUN
easat-2335	99	2	scores	score	NOUN
easat-2335	99	3	are	be	AUX
easat-2335	99	4	assigned	assign	VERB
easat-2335	99	5	based	base	VERB
easat-2335	99	6	on	on	ADP
easat-2335	99	7	whether	whether	SCONJ
easat-2335	99	8	each	each	DET
easat-2335	99	9	company	company	NOUN
easat-2335	99	10	disclosed	disclose	VERB
easat-2335	99	11	the	the	DET
easat-2335	99	12	required	require	VERB
easat-2335	99	13	esg	esg	PROPN
easat-2335	99	14	criteria	criterion	NOUN
easat-2335	99	15	specified	specify	VERB
easat-2335	99	16	by	by	ADP
easat-2335	99	17	the	the	DET
easat-2335	99	18	newly	newly	ADV
easat-2335	99	19	developed	develop	VERB
easat-2335	99	20	model	model	NOUN
easat-2335	99	21	.	.	PUNCT
easat-2335	100	1	financial	financial	ADJ
easat-2335	100	2	performance	performance	NOUN
easat-2335	100	3	metrics	metric	NOUN
easat-2335	100	4	are	be	AUX
easat-2335	100	5	calculated	calculate	VERB
easat-2335	100	6	using	use	VERB
easat-2335	100	7	stock	stock	NOUN
easat-2335	100	8	prices	price	NOUN
easat-2335	100	9	,	,	PUNCT
easat-2335	100	10	company	company	NOUN
easat-2335	100	11	balance	balance	NOUN
easat-2335	100	12	sheets	sheet	NOUN
easat-2335	100	13	,	,	PUNCT
easat-2335	100	14	and	and	CCONJ
easat-2335	100	15	financial	financial	ADJ
easat-2335	100	16	statements	statement	NOUN
easat-2335	100	17	.	.	PUNCT
easat-2335	101	1	the	the	DET
easat-2335	101	2	effect	effect	NOUN
easat-2335	101	3	of	of	ADP
easat-2335	101	4	esg	esg	PROPN
easat-2335	101	5	disclosure	disclosure	NOUN
easat-2335	101	6	on	on	ADP
easat-2335	101	7	financial	financial	ADJ
easat-2335	101	8	performance	performance	NOUN
easat-2335	101	9	is	be	AUX
easat-2335	101	10	examined	examine	VERB
easat-2335	101	11	using	use	VERB
easat-2335	101	12	three	three	NUM
easat-2335	101	13	distinct	distinct	ADJ
easat-2335	101	14	regression	regression	NOUN
easat-2335	101	15	models	model	NOUN
easat-2335	101	16	:	:	PUNCT
easat-2335	101	17	1	1	X
easat-2335	101	18	.	.	PUNCT
easat-2335	101	19	model	model	NOUN
easat-2335	101	20	1	1	NUM
easat-2335	101	21	(	(	PUNCT
easat-2335	101	22	m1	m1	NOUN
easat-2335	101	23	):	):	PUNCT
easat-2335	101	24	stock	stock	NOUN
easat-2335	101	25	return	return	NOUN
easat-2335	101	26	(	(	PUNCT
easat-2335	101	27	rs	rs	NOUN
easat-2335	101	28	)	)	PUNCT
easat-2335	101	29	rs	rs	NOUN
easat-2335	102	1	=	=	SYM
easat-2335	102	2	β0	β0	PROPN
easat-2335	102	3	+	+	CCONJ
easat-2335	102	4	β1esg	β1esg	PROPN
easat-2335	103	1	+	+	CCONJ
easat-2335	103	2	β2ta	β2ta	PUNCT
easat-2335	104	1	+	+	NUM
easat-2335	104	2	β3roe	β3roe	NUM
easat-2335	105	1	+	+	CCONJ
easat-2335	105	2	β4dpr	β4dpr	PUNCT
easat-2335	106	1	+	+	CCONJ
easat-2335	106	2	e	e	X
easat-2335	106	3	where	where	SCONJ
easat-2335	106	4	:	:	PUNCT
easat-2335	106	5	o	o	NOUN
easat-2335	106	6	rs	rs	NOUN
easat-2335	106	7	is	be	AUX
easat-2335	106	8	the	the	DET
easat-2335	106	9	stock	stock	NOUN
easat-2335	106	10	return	return	NOUN
easat-2335	106	11	,	,	PUNCT
easat-2335	106	12	calculated	calculate	VERB
easat-2335	106	13	as	as	ADP
easat-2335	106	14	(	(	PUNCT
easat-2335	106	15	current	current	ADJ
easat-2335	106	16	stock	stock	NOUN
easat-2335	106	17	price	price	NOUN
easat-2335	106	18	last	last	ADJ
easat-2335	106	19	year	year	NOUN
easat-2335	106	20	's	's	PART
easat-2335	106	21	stock	stock	NOUN
easat-2335	106	22	price	price	NOUN
easat-2335	106	23	)	)	PUNCT
easat-2335	106	24	/	/	PUNCT
easat-2335	106	25	last	last	ADJ
easat-2335	106	26	year	year	NOUN
easat-2335	106	27	's	's	PART
easat-2335	106	28	stock	stock	NOUN
easat-2335	106	29	price	price	NOUN
easat-2335	106	30	.	.	PUNCT
easat-2335	107	1	1739	1739	NUM
easat-2335	107	2	edelweiss	edelweiss	PROPN
easat-2335	107	3	applied	apply	VERB
easat-2335	107	4	science	science	NOUN
easat-2335	107	5	and	and	CCONJ
easat-2335	107	6	technology	technology	NOUN
easat-2335	107	7	issn	issn	PROPN
easat-2335	107	8	:	:	PUNCT
easat-2335	107	9	2576	2576	NUM
easat-2335	107	10	-	-	SYM
easat-2335	107	11	8484	8484	NUM
easat-2335	107	12	vol	vol	NOUN
easat-2335	107	13	.	.	PROPN
easat-2335	107	14	8	8	NUM
easat-2335	107	15	,	,	PUNCT
easat-2335	107	16	no	no	INTJ
easat-2335	107	17	.	.	NOUN
easat-2335	108	1	6	6	NUM
easat-2335	108	2	:	:	SYM
easat-2335	108	3	1735	1735	NUM
easat-2335	108	4	-	-	SYM
easat-2335	108	5	1750	1750	NUM
easat-2335	108	6	,	,	PUNCT
easat-2335	108	7	2024	2024	NUM
easat-2335	108	8	doi	doi	NOUN
easat-2335	108	9	:	:	PUNCT
easat-2335	108	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	108	11	©	©	PROPN
easat-2335	108	12	2024	2024	NUM
easat-2335	108	13	by	by	ADP
easat-2335	108	14	the	the	DET
easat-2335	108	15	authors	author	NOUN
easat-2335	108	16	;	;	PUNCT
easat-2335	108	17	licensee	licensee	PROPN
easat-2335	108	18	learning	learn	VERB
easat-2335	108	19	gate	gate	NOUN
easat-2335	109	1	o	o	PROPN
easat-2335	109	2	ta	ta	PROPN
easat-2335	109	3	is	be	AUX
easat-2335	109	4	the	the	DET
easat-2335	109	5	logarithm	logarithm	NOUN
easat-2335	109	6	of	of	ADP
easat-2335	109	7	total	total	ADJ
easat-2335	109	8	assets	asset	NOUN
easat-2335	109	9	.	.	PUNCT
easat-2335	110	1	o	o	NOUN
easat-2335	110	2	roe	roe	NOUN
easat-2335	110	3	is	be	AUX
easat-2335	110	4	the	the	DET
easat-2335	110	5	return	return	NOUN
easat-2335	110	6	on	on	ADP
easat-2335	110	7	equity	equity	NOUN
easat-2335	110	8	,	,	PUNCT
easat-2335	110	9	calculated	calculate	VERB
easat-2335	110	10	as	as	ADP
easat-2335	110	11	net	net	ADJ
easat-2335	110	12	income	income	NOUN
easat-2335	110	13	/	/	SYM
easat-2335	110	14	total	total	NOUN
easat-2335	110	15	equity	equity	NOUN
easat-2335	110	16	.	.	PUNCT
easat-2335	111	1	o	o	PROPN
easat-2335	111	2	dpr	dpr	PROPN
easat-2335	111	3	is	be	AUX
easat-2335	111	4	the	the	DET
easat-2335	111	5	dividend	dividend	NOUN
easat-2335	111	6	payout	payout	NOUN
easat-2335	111	7	ratio	ratio	NOUN
easat-2335	111	8	,	,	PUNCT
easat-2335	111	9	calculated	calculate	VERB
easat-2335	111	10	as	as	ADP
easat-2335	111	11	total	total	ADJ
easat-2335	111	12	dividends	dividend	NOUN
easat-2335	111	13	/	/	SYM
easat-2335	111	14	net	net	ADJ
easat-2335	111	15	income	income	NOUN
easat-2335	111	16	.	.	PUNCT
easat-2335	112	1	2	2	X
easat-2335	112	2	.	.	X
easat-2335	112	3	model	model	NOUN
easat-2335	112	4	2	2	NUM
easat-2335	112	5	(	(	PUNCT
easat-2335	112	6	m2	m2	PROPN
easat-2335	112	7	):	):	PUNCT
easat-2335	112	8	tobin	tobin	PROPN
easat-2335	112	9	’s	’s	PART
easat-2335	112	10	q	q	PROPN
easat-2335	112	11	tobin	tobin	PROPN
easat-2335	112	12	's	's	PART
easat-2335	112	13	q	q	NOUN
easat-2335	112	14	=	=	PUNCT
easat-2335	112	15	β0	β0	PROPN
easat-2335	112	16	+	+	CCONJ
easat-2335	112	17	β1esg	β1esg	PROPN
easat-2335	113	1	+	+	CCONJ
easat-2335	113	2	β2ta	β2ta	PUNCT
easat-2335	114	1	+	+	NUM
easat-2335	114	2	β3roe	β3roe	NUM
easat-2335	115	1	+	+	CCONJ
easat-2335	115	2	β4dpr	β4dpr	PUNCT
easat-2335	116	1	+	+	CCONJ
easat-2335	116	2	e	e	X
easat-2335	116	3	where	where	SCONJ
easat-2335	116	4	tobin	tobin	PROPN
easat-2335	116	5	’s	’s	PART
easat-2335	116	6	q	q	NOUN
easat-2335	116	7	is	be	AUX
easat-2335	116	8	calculated	calculate	VERB
easat-2335	116	9	as	as	ADP
easat-2335	116	10	(	(	PUNCT
easat-2335	116	11	market	market	NOUN
easat-2335	116	12	value	value	NOUN
easat-2335	116	13	of	of	ADP
easat-2335	116	14	equity	equity	NOUN
easat-2335	116	15	+	+	NUM
easat-2335	116	16	liabilities	liability	NOUN
easat-2335	116	17	)	)	PUNCT
easat-2335	116	18	/	/	SYM
easat-2335	116	19	total	total	ADJ
easat-2335	116	20	assets	asset	NOUN
easat-2335	116	21	.	.	PUNCT
easat-2335	117	1	3	3	X
easat-2335	117	2	.	.	X
easat-2335	117	3	model	model	NOUN
easat-2335	117	4	3	3	NUM
easat-2335	117	5	(	(	PUNCT
easat-2335	117	6	m3	m3	PROPN
easat-2335	117	7	):	):	PUNCT
easat-2335	117	8	competitive	competitive	ADJ
easat-2335	117	9	advantage	advantage	NOUN
easat-2335	117	10	(	(	PUNCT
easat-2335	117	11	ca	ca	NOUN
easat-2335	117	12	)	)	PUNCT
easat-2335	117	13	ca	ca	NOUN
easat-2335	117	14	=	=	SYM
easat-2335	117	15	β0	β0	PROPN
easat-2335	118	1	+	+	CCONJ
easat-2335	118	2	β1esg	β1esg	PROPN
easat-2335	119	1	+	+	CCONJ
easat-2335	119	2	β2ta	β2ta	PUNCT
easat-2335	120	1	+	+	NUM
easat-2335	120	2	β3roe	β3roe	NUM
easat-2335	121	1	+	+	CCONJ
easat-2335	121	2	β4dpr	β4dpr	PUNCT
easat-2335	122	1	+	+	CCONJ
easat-2335	122	2	e	e	X
easat-2335	122	3	where	where	SCONJ
easat-2335	122	4	ca	can	AUX
easat-2335	122	5	is	be	AUX
easat-2335	122	6	the	the	DET
easat-2335	122	7	company	company	NOUN
easat-2335	122	8	’s	’s	PART
easat-2335	122	9	competitive	competitive	ADJ
easat-2335	122	10	advantage	advantage	NOUN
easat-2335	122	11	,	,	PUNCT
easat-2335	122	12	calculated	calculate	VERB
easat-2335	122	13	as	as	ADP
easat-2335	122	14	return	return	NOUN
easat-2335	122	15	on	on	ADP
easat-2335	122	16	invested	invest	VERB
easat-2335	122	17	capital	capital	NOUN
easat-2335	122	18	minus	minus	PROPN
easat-2335	122	19	weighted	weight	VERB
easat-2335	122	20	average	average	ADJ
easat-2335	122	21	cost	cost	NOUN
easat-2335	122	22	of	of	ADP
easat-2335	122	23	capital	capital	NOUN
easat-2335	122	24	.	.	PUNCT
easat-2335	123	1	the	the	DET
easat-2335	123	2	research	research	NOUN
easat-2335	123	3	aims	aim	VERB
easat-2335	123	4	to	to	PART
easat-2335	123	5	develop	develop	VERB
easat-2335	123	6	a	a	DET
easat-2335	123	7	reliable	reliable	ADJ
easat-2335	123	8	,	,	PUNCT
easat-2335	123	9	standardized	standardized	ADJ
easat-2335	123	10	esg	esg	NOUN
easat-2335	123	11	reporting	reporting	NOUN
easat-2335	123	12	model	model	NOUN
easat-2335	123	13	for	for	ADP
easat-2335	123	14	manufacturing	manufacture	VERB
easat-2335	123	15	companies	company	NOUN
easat-2335	123	16	in	in	ADP
easat-2335	123	17	indonesia	indonesia	PROPN
easat-2335	123	18	.	.	PUNCT
easat-2335	124	1	the	the	DET
easat-2335	124	2	quantitative	quantitative	ADJ
easat-2335	124	3	analysis	analysis	NOUN
easat-2335	124	4	will	will	AUX
easat-2335	124	5	demonstrate	demonstrate	VERB
easat-2335	124	6	the	the	DET
easat-2335	124	7	relationship	relationship	NOUN
easat-2335	124	8	between	between	ADP
easat-2335	124	9	esg	esg	NOUN
easat-2335	124	10	disclosures	disclosure	NOUN
easat-2335	124	11	and	and	CCONJ
easat-2335	124	12	financial	financial	ADJ
easat-2335	124	13	performance	performance	NOUN
easat-2335	124	14	,	,	PUNCT
easat-2335	124	15	proving	prove	VERB
easat-2335	124	16	whether	whether	SCONJ
easat-2335	124	17	comprehensive	comprehensive	ADJ
easat-2335	124	18	esg	esg	NOUN
easat-2335	124	19	reporting	reporting	NOUN
easat-2335	124	20	enhances	enhance	VERB
easat-2335	124	21	stock	stock	NOUN
easat-2335	124	22	returns	return	NOUN
easat-2335	124	23	,	,	PUNCT
easat-2335	124	24	increases	increase	VERB
easat-2335	124	25	company	company	NOUN
easat-2335	124	26	value	value	NOUN
easat-2335	124	27	,	,	PUNCT
easat-2335	124	28	and	and	CCONJ
easat-2335	124	29	strengthens	strengthen	VERB
easat-2335	124	30	competitive	competitive	ADJ
easat-2335	124	31	advantage	advantage	NOUN
easat-2335	124	32	.	.	PUNCT
easat-2335	125	1	this	this	DET
easat-2335	125	2	framework	framework	NOUN
easat-2335	125	3	is	be	AUX
easat-2335	125	4	expected	expect	VERB
easat-2335	125	5	to	to	PART
easat-2335	125	6	provide	provide	VERB
easat-2335	125	7	a	a	DET
easat-2335	125	8	valuable	valuable	ADJ
easat-2335	125	9	tool	tool	NOUN
easat-2335	125	10	for	for	ADP
easat-2335	125	11	companies	company	NOUN
easat-2335	125	12	looking	look	VERB
easat-2335	125	13	to	to	PART
easat-2335	125	14	improve	improve	VERB
easat-2335	125	15	their	their	PRON
easat-2335	125	16	esg	esg	NOUN
easat-2335	125	17	reporting	reporting	NOUN
easat-2335	125	18	practices	practice	NOUN
easat-2335	125	19	and	and	CCONJ
easat-2335	125	20	investors	investor	NOUN
easat-2335	125	21	seeking	seek	VERB
easat-2335	125	22	more	more	ADV
easat-2335	125	23	precise	precise	ADJ
easat-2335	125	24	insights	insight	NOUN
easat-2335	125	25	into	into	ADP
easat-2335	125	26	corporate	corporate	ADJ
easat-2335	125	27	sustainability	sustainability	NOUN
easat-2335	125	28	.	.	PUNCT
easat-2335	126	1	4	4	X
easat-2335	126	2	.	.	NOUN
easat-2335	126	3	results	result	NOUN
easat-2335	126	4	and	and	CCONJ
easat-2335	126	5	discussion	discussion	NOUN
easat-2335	126	6	this	this	DET
easat-2335	126	7	study	study	NOUN
easat-2335	126	8	examined	examine	VERB
easat-2335	126	9	the	the	DET
easat-2335	126	10	impact	impact	NOUN
easat-2335	126	11	of	of	ADP
easat-2335	126	12	environmental	environmental	ADJ
easat-2335	126	13	,	,	PUNCT
easat-2335	126	14	social	social	ADJ
easat-2335	126	15	,	,	PUNCT
easat-2335	126	16	and	and	CCONJ
easat-2335	126	17	governance	governance	NOUN
easat-2335	126	18	(	(	PUNCT
easat-2335	126	19	esg	esg	NOUN
easat-2335	126	20	)	)	PUNCT
easat-2335	126	21	disclosure	disclosure	NOUN
easat-2335	126	22	on	on	ADP
easat-2335	126	23	the	the	DET
easat-2335	126	24	financial	financial	ADJ
easat-2335	126	25	performance	performance	NOUN
easat-2335	126	26	of	of	ADP
easat-2335	126	27	manufacturing	manufacture	VERB
easat-2335	126	28	companies	company	NOUN
easat-2335	126	29	in	in	ADP
easat-2335	126	30	indonesia	indonesia	PROPN
easat-2335	126	31	.	.	PUNCT
easat-2335	127	1	the	the	DET
easat-2335	127	2	research	research	NOUN
easat-2335	127	3	was	be	AUX
easat-2335	127	4	conducted	conduct	VERB
easat-2335	127	5	in	in	ADP
easat-2335	127	6	two	two	NUM
easat-2335	127	7	phases	phase	NOUN
easat-2335	127	8	:	:	PUNCT
easat-2335	127	9	a	a	DET
easat-2335	127	10	qualitative	qualitative	ADJ
easat-2335	127	11	phase	phase	NOUN
easat-2335	127	12	to	to	PART
easat-2335	127	13	develop	develop	VERB
easat-2335	127	14	an	an	DET
easat-2335	127	15	esg	esg	NOUN
easat-2335	127	16	reporting	reporting	NOUN
easat-2335	127	17	model	model	NOUN
easat-2335	127	18	and	and	CCONJ
easat-2335	127	19	a	a	DET
easat-2335	127	20	quantitative	quantitative	ADJ
easat-2335	127	21	phase	phase	NOUN
easat-2335	127	22	to	to	PART
easat-2335	127	23	assess	assess	VERB
easat-2335	127	24	the	the	DET
easat-2335	127	25	model	model	NOUN
easat-2335	127	26	's	's	PART
easat-2335	127	27	impact	impact	NOUN
easat-2335	127	28	on	on	ADP
easat-2335	127	29	financial	financial	ADJ
easat-2335	127	30	performance	performance	NOUN
easat-2335	127	31	indicators	indicator	NOUN
easat-2335	127	32	.	.	PUNCT
easat-2335	128	1	4.1	4.1	NUM
easat-2335	128	2	.	.	PUNCT
easat-2335	128	3	qualitative	qualitative	ADJ
easat-2335	128	4	phase	phase	NOUN
easat-2335	128	5	:	:	PUNCT
easat-2335	128	6	development	development	NOUN
easat-2335	128	7	of	of	ADP
easat-2335	128	8	esg	esg	PROPN
easat-2335	128	9	reporting	reporting	NOUN
easat-2335	128	10	model	model	NOUN
easat-2335	128	11	an	an	DET
easat-2335	128	12	esg	esg	PROPN
easat-2335	128	13	reporting	reporting	NOUN
easat-2335	128	14	model	model	NOUN
easat-2335	128	15	was	be	AUX
easat-2335	128	16	developed	develop	VERB
easat-2335	128	17	through	through	ADP
easat-2335	128	18	focus	focus	NOUN
easat-2335	128	19	group	group	NOUN
easat-2335	128	20	discussions	discussion	NOUN
easat-2335	128	21	(	(	PUNCT
easat-2335	128	22	fgds	fgds	PROPN
easat-2335	128	23	)	)	PUNCT
easat-2335	128	24	involving	involve	VERB
easat-2335	128	25	esg	esg	PROPN
easat-2335	128	26	experts	expert	NOUN
easat-2335	128	27	,	,	PUNCT
easat-2335	128	28	capital	capital	NOUN
easat-2335	128	29	market	market	NOUN
easat-2335	128	30	participants	participant	NOUN
easat-2335	128	31	,	,	PUNCT
easat-2335	128	32	and	and	CCONJ
easat-2335	128	33	the	the	DET
easat-2335	128	34	wider	wide	ADJ
easat-2335	128	35	community	community	NOUN
easat-2335	128	36	.	.	PUNCT
easat-2335	129	1	the	the	DET
easat-2335	129	2	model	model	NOUN
easat-2335	129	3	consists	consist	VERB
easat-2335	129	4	of	of	ADP
easat-2335	129	5	three	three	NUM
easat-2335	129	6	main	main	ADJ
easat-2335	129	7	components	component	NOUN
easat-2335	129	8	:	:	PUNCT
easat-2335	129	9	environmental	environmental	ADJ
easat-2335	129	10	disclosure	disclosure	NOUN
easat-2335	129	11	(	(	PUNCT
easat-2335	129	12	17	17	NUM
easat-2335	129	13	items	item	NOUN
easat-2335	129	14	)	)	PUNCT
easat-2335	129	15	,	,	PUNCT
easat-2335	129	16	social	social	ADJ
easat-2335	129	17	disclosure	disclosure	NOUN
easat-2335	129	18	(	(	PUNCT
easat-2335	129	19	23	23	NUM
easat-2335	129	20	items	item	NOUN
easat-2335	129	21	)	)	PUNCT
easat-2335	129	22	,	,	PUNCT
easat-2335	129	23	and	and	CCONJ
easat-2335	129	24	governance	governance	NOUN
easat-2335	129	25	disclosure	disclosure	NOUN
easat-2335	129	26	(	(	PUNCT
easat-2335	129	27	10	10	NUM
easat-2335	129	28	items	item	NOUN
easat-2335	129	29	)	)	PUNCT
easat-2335	129	30	.	.	PUNCT
easat-2335	130	1	tables	table	NOUN
easat-2335	130	2	1	1	NUM
easat-2335	130	3	,	,	PUNCT
easat-2335	130	4	2	2	NUM
easat-2335	130	5	,	,	PUNCT
easat-2335	130	6	and	and	CCONJ
easat-2335	130	7	3	3	NUM
easat-2335	130	8	present	present	VERB
easat-2335	130	9	each	each	DET
easat-2335	130	10	component	component	NOUN
easat-2335	130	11	's	's	PART
easat-2335	130	12	complete	complete	ADJ
easat-2335	130	13	list	list	NOUN
easat-2335	130	14	of	of	ADP
easat-2335	130	15	disclosure	disclosure	NOUN
easat-2335	130	16	items	item	NOUN
easat-2335	130	17	.	.	PUNCT
easat-2335	131	1	table	table	NOUN
easat-2335	131	2	1	1	NUM
easat-2335	131	3	.	.	PUNCT
easat-2335	131	4	environmental	environmental	ADJ
easat-2335	131	5	disclosure	disclosure	NOUN
easat-2335	131	6	.	.	PUNCT
easat-2335	132	1	no	no	INTJ
easat-2335	132	2	.	.	PUNCT
easat-2335	133	1	information	information	NOUN
easat-2335	133	2	e1	e1	NOUN
easat-2335	133	3	composition	composition	NOUN
easat-2335	133	4	of	of	ADP
easat-2335	133	5	renewable	renewable	ADJ
easat-2335	133	6	and	and	CCONJ
easat-2335	133	7	non	non	ADJ
easat-2335	133	8	-	-	ADJ
easat-2335	133	9	renewable	renewable	ADJ
easat-2335	133	10	raw	raw	ADJ
easat-2335	133	11	materials	material	NOUN
easat-2335	133	12	e2	e2	NOUN
easat-2335	133	13	use	use	NOUN
easat-2335	133	14	of	of	ADP
easat-2335	133	15	environmentally	environmentally	ADV
easat-2335	133	16	friendly	friendly	ADJ
easat-2335	133	17	materials	material	NOUN
easat-2335	133	18	e3	e3	NOUN
easat-2335	133	19	input	input	NOUN
easat-2335	133	20	materials	material	NOUN
easat-2335	133	21	from	from	ADP
easat-2335	133	22	recycling	recycle	VERB
easat-2335	133	23	used	use	VERB
easat-2335	133	24	in	in	ADP
easat-2335	133	25	the	the	DET
easat-2335	133	26	production	production	NOUN
easat-2335	133	27	process	process	NOUN
easat-2335	133	28	e4	e4	PROPN
easat-2335	133	29	intensity	intensity	NOUN
easat-2335	133	30	of	of	ADP
easat-2335	133	31	renewable	renewable	ADJ
easat-2335	133	32	and	and	CCONJ
easat-2335	133	33	non	non	ADJ
easat-2335	133	34	-	-	ADJ
easat-2335	133	35	renewable	renewable	ADJ
easat-2335	133	36	energy	energy	NOUN
easat-2335	133	37	e5	e5	PROPN
easat-2335	133	38	reduced	reduce	VERB
easat-2335	133	39	energy	energy	NOUN
easat-2335	133	40	consumption	consumption	NOUN
easat-2335	133	41	e6	e6	NOUN
easat-2335	133	42	use	use	NOUN
easat-2335	133	43	and	and	CCONJ
easat-2335	133	44	interaction	interaction	NOUN
easat-2335	133	45	with	with	ADP
easat-2335	133	46	water	water	NOUN
easat-2335	133	47	e7	e7	PROPN
easat-2335	133	48	liquid	liquid	ADJ
easat-2335	133	49	waste	waste	NOUN
easat-2335	133	50	disposal	disposal	NOUN
easat-2335	133	51	treatment	treatment	PROPN
easat-2335	133	52	e8	e8	PROPN
easat-2335	133	53	impact	impact	NOUN
easat-2335	133	54	on	on	ADP
easat-2335	133	55	biodiversity	biodiversity	NOUN
easat-2335	133	56	e9	e9	PROPN
easat-2335	133	57	biodiversity	biodiversity	NOUN
easat-2335	133	58	conservation	conservation	NOUN
easat-2335	133	59	e10	e10	NOUN
easat-2335	133	60	gkr	gkr	PROPN
easat-2335	133	61	emissions	emission	NOUN
easat-2335	133	62	e11	e11	PROPN
easat-2335	133	63	ghg	ghg	PROPN
easat-2335	133	64	emission	emission	NOUN
easat-2335	133	65	reduction	reduction	NOUN
easat-2335	133	66	e12	e12	NOUN
easat-2335	133	67	ozone	ozone	NOUN
easat-2335	133	68	-	-	PUNCT
easat-2335	133	69	depleting	deplete	VERB
easat-2335	133	70	substance	substance	NOUN
easat-2335	133	71	(	(	PUNCT
easat-2335	133	72	ods	ods	PROPN
easat-2335	133	73	)	)	PUNCT
easat-2335	133	74	emissions	emission	NOUN
easat-2335	133	75	e13	e13	VERB
easat-2335	133	76	other	other	ADJ
easat-2335	133	77	significant	significant	ADJ
easat-2335	133	78	air	air	NOUN
easat-2335	133	79	emissions	emission	NOUN
easat-2335	133	80	e14	e14	NOUN
easat-2335	133	81	waste	waste	NOUN
easat-2335	133	82	generation	generation	NOUN
easat-2335	133	83	and	and	CCONJ
easat-2335	133	84	impact	impact	NOUN
easat-2335	133	85	1740	1740	NUM
easat-2335	133	86	edelweiss	edelweiss	PROPN
easat-2335	133	87	applied	apply	VERB
easat-2335	133	88	science	science	NOUN
easat-2335	133	89	and	and	CCONJ
easat-2335	133	90	technology	technology	NOUN
easat-2335	133	91	issn	issn	PROPN
easat-2335	133	92	:	:	PUNCT
easat-2335	133	93	2576	2576	NUM
easat-2335	133	94	-	-	SYM
easat-2335	133	95	8484	8484	NUM
easat-2335	133	96	vol	vol	NOUN
easat-2335	133	97	.	.	PROPN
easat-2335	134	1	8	8	NUM
easat-2335	134	2	,	,	PUNCT
easat-2335	134	3	no	no	INTJ
easat-2335	134	4	.	.	NOUN
easat-2335	135	1	6	6	NUM
easat-2335	135	2	:	:	SYM
easat-2335	135	3	1735	1735	NUM
easat-2335	135	4	-	-	SYM
easat-2335	135	5	1750	1750	NUM
easat-2335	135	6	,	,	PUNCT
easat-2335	135	7	2024	2024	NUM
easat-2335	135	8	doi	doi	NOUN
easat-2335	135	9	:	:	PUNCT
easat-2335	135	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	135	11	©	©	PROPN
easat-2335	135	12	2024	2024	NUM
easat-2335	135	13	by	by	ADP
easat-2335	135	14	the	the	DET
easat-2335	135	15	authors	author	NOUN
easat-2335	135	16	;	;	PUNCT
easat-2335	135	17	licensee	licensee	PROPN
easat-2335	135	18	learning	learning	NOUN
easat-2335	135	19	gate	gate	PROPN
easat-2335	135	20	e15	e15	PROPN
easat-2335	135	21	waste	waste	PROPN
easat-2335	135	22	e16	e16	PROPN
easat-2335	135	23	supplier	supplier	PROPN
easat-2335	135	24	e17	e17	NOUN
easat-2335	135	25	environmental	environmental	ADJ
easat-2335	135	26	costs	cost	NOUN
easat-2335	135	27	table	table	NOUN
easat-2335	135	28	2	2	NUM
easat-2335	135	29	.	.	PUNCT
easat-2335	135	30	social	social	ADJ
easat-2335	135	31	disclosure	disclosure	NOUN
easat-2335	135	32	.	.	PUNCT
easat-2335	136	1	no	no	INTJ
easat-2335	136	2	.	.	PUNCT
easat-2335	137	1	information	information	NOUN
easat-2335	137	2	s1	s1	PROPN
easat-2335	137	3	new	new	ADJ
easat-2335	137	4	employee	employee	NOUN
easat-2335	137	5	composition	composition	NOUN
easat-2335	137	6	and	and	CCONJ
easat-2335	137	7	turnover	turnover	NOUN
easat-2335	137	8	s2	s2	NOUN
easat-2335	137	9	allowances	allowance	NOUN
easat-2335	137	10	to	to	ADP
easat-2335	137	11	full	full	ADJ
easat-2335	137	12	-	-	PUNCT
easat-2335	137	13	time	time	NOUN
easat-2335	137	14	employees	employee	NOUN
easat-2335	137	15	s3	s3	VERB
easat-2335	137	16	equal	equal	ADJ
easat-2335	137	17	employment	employment	NOUN
easat-2335	137	18	opportunities	opportunity	NOUN
easat-2335	137	19	s4	s4	VERB
easat-2335	137	20	company	company	NOUN
easat-2335	137	21	compliance	compliance	NOUN
easat-2335	137	22	with	with	ADP
easat-2335	137	23	regional	regional	ADJ
easat-2335	137	24	minimum	minimum	ADJ
easat-2335	137	25	wage	wage	NOUN
easat-2335	137	26	s5	s5	NOUN
easat-2335	137	27	reward	reward	VERB
easat-2335	137	28	outstanding	outstanding	ADJ
easat-2335	137	29	employees	employee	NOUN
easat-2335	137	30	s6	s6	PROPN
easat-2335	137	31	k3	k3	PROPN
easat-2335	137	32	:	:	PUNCT
easat-2335	137	33	occupational	occupational	ADJ
easat-2335	137	34	hazards	hazard	NOUN
easat-2335	137	35	,	,	PUNCT
easat-2335	137	36	risk	risk	NOUN
easat-2335	137	37	assessments	assessment	NOUN
easat-2335	137	38	,	,	PUNCT
easat-2335	137	39	and	and	CCONJ
easat-2335	137	40	incident	incident	NOUN
easat-2335	137	41	investigations	investigation	NOUN
easat-2335	137	42	s7	s7	VERB
easat-2335	137	43	worker	worker	NOUN
easat-2335	137	44	participation	participation	NOUN
easat-2335	137	45	,	,	PUNCT
easat-2335	137	46	consultation	consultation	NOUN
easat-2335	137	47	and	and	CCONJ
easat-2335	137	48	communication	communication	NOUN
easat-2335	137	49	about	about	ADP
easat-2335	137	50	osh	osh	PROPN
easat-2335	137	51	s8	s8	PROPN
easat-2335	137	52	training	training	NOUN
easat-2335	137	53	for	for	ADP
easat-2335	137	54	workers	worker	NOUN
easat-2335	137	55	on	on	ADP
easat-2335	137	56	osh	osh	PROPN
easat-2335	137	57	s9	s9	PROPN
easat-2335	137	58	quality	quality	NOUN
easat-2335	137	59	of	of	ADP
easat-2335	137	60	workers	worker	NOUN
easat-2335	137	61	'	'	PART
easat-2335	137	62	health	health	NOUN
easat-2335	137	63	s10	s10	NOUN
easat-2335	137	64	prevention	prevention	NOUN
easat-2335	137	65	and	and	CCONJ
easat-2335	137	66	mitigation	mitigation	NOUN
easat-2335	137	67	of	of	ADP
easat-2335	137	68	osh	osh	PROPN
easat-2335	137	69	impacts	impact	NOUN
easat-2335	137	70	on	on	ADP
easat-2335	137	71	business	business	NOUN
easat-2335	137	72	s11	s11	PROPN
easat-2335	137	73	work	work	NOUN
easat-2335	137	74	accidents	accident	NOUN
easat-2335	138	1	s12	s12	PROPN
easat-2335	138	2	occupational	occupational	ADJ
easat-2335	138	3	diseases	disease	NOUN
easat-2335	138	4	s13	s13	NOUN
easat-2335	138	5	employee	employee	NOUN
easat-2335	138	6	upskilling	upskille	VERB
easat-2335	138	7	s14	s14	NOUN
easat-2335	138	8	discrimination	discrimination	NOUN
easat-2335	138	9	and	and	CCONJ
easat-2335	138	10	corrective	corrective	ADJ
easat-2335	138	11	actions	action	NOUN
easat-2335	138	12	taken	take	VERB
easat-2335	138	13	s15	s15	ADJ
easat-2335	138	14	freedom	freedom	NOUN
easat-2335	138	15	of	of	ADP
easat-2335	138	16	association	association	NOUN
easat-2335	138	17	and	and	CCONJ
easat-2335	138	18	collective	collective	ADJ
easat-2335	138	19	bargaining	bargaining	NOUN
easat-2335	138	20	s16	s16	NOUN
easat-2335	138	21	child	child	NOUN
easat-2335	138	22	labour	labour	NOUN
easat-2335	138	23	(	(	PUNCT
easat-2335	138	24	minors	minor	NOUN
easat-2335	138	25	)	)	PUNCT
easat-2335	138	26	s17	s17	PROPN
easat-2335	138	27	incidents	incident	NOUN
easat-2335	138	28	of	of	ADP
easat-2335	138	29	forced	forced	ADJ
easat-2335	138	30	or	or	CCONJ
easat-2335	138	31	compulsory	compulsory	ADJ
easat-2335	138	32	work	work	NOUN
easat-2335	138	33	s18	s18	NOUN
easat-2335	138	34	incidents	incident	NOUN
easat-2335	138	35	of	of	ADP
easat-2335	138	36	violations	violation	NOUN
easat-2335	138	37	of	of	ADP
easat-2335	138	38	indigenous	indigenous	ADJ
easat-2335	138	39	peoples	people	NOUN
easat-2335	138	40	'	'	PART
easat-2335	138	41	rights	right	NOUN
easat-2335	138	42	s19	s19	VERB
easat-2335	138	43	the	the	DET
easat-2335	138	44	negative	negative	ADJ
easat-2335	138	45	impact	impact	NOUN
easat-2335	138	46	of	of	ADP
easat-2335	138	47	the	the	DET
easat-2335	138	48	company	company	NOUN
easat-2335	138	49	's	's	PART
easat-2335	138	50	operations	operation	NOUN
easat-2335	138	51	on	on	ADP
easat-2335	138	52	the	the	DET
easat-2335	138	53	local	local	ADJ
easat-2335	138	54	community	community	NOUN
easat-2335	138	55	s20	s20	NOUN
easat-2335	138	56	involvement	involvement	NOUN
easat-2335	138	57	of	of	ADP
easat-2335	138	58	local	local	ADJ
easat-2335	138	59	parties	party	NOUN
easat-2335	138	60	(	(	PUNCT
easat-2335	138	61	local	local	ADJ
easat-2335	138	62	suppliers	supplier	NOUN
easat-2335	138	63	/	/	SYM
easat-2335	138	64	local	local	ADJ
easat-2335	138	65	workforce	workforce	NOUN
easat-2335	138	66	)	)	PUNCT
easat-2335	138	67	in	in	ADP
easat-2335	138	68	the	the	DET
easat-2335	138	69	territory	territory	NOUN
easat-2335	138	70	in	in	ADP
easat-2335	138	71	which	which	PRON
easat-2335	138	72	the	the	DET
easat-2335	138	73	company	company	NOUN
easat-2335	138	74	operates	operate	VERB
easat-2335	138	75	s21	s21	NOUN
easat-2335	138	76	the	the	DET
easat-2335	138	77	company	company	NOUN
easat-2335	138	78	's	's	PART
easat-2335	138	79	positive	positive	ADJ
easat-2335	138	80	contribution	contribution	NOUN
easat-2335	138	81	to	to	ADP
easat-2335	138	82	the	the	DET
easat-2335	138	83	development	development	NOUN
easat-2335	138	84	of	of	ADP
easat-2335	138	85	community	community	NOUN
easat-2335	138	86	programs	program	NOUN
easat-2335	138	87	s22	s22	NOUN
easat-2335	138	88	community	community	NOUN
easat-2335	138	89	complaints	complaint	VERB
easat-2335	138	90	s23	s23	NOUN
easat-2335	138	91	customer	customer	NOUN
easat-2335	138	92	health	health	PROPN
easat-2335	138	93	and	and	CCONJ
easat-2335	138	94	safety	safety	NOUN
easat-2335	138	95	table	table	NOUN
easat-2335	139	1	3	3	NUM
easat-2335	139	2	.	.	PUNCT
easat-2335	139	3	governance	governance	NOUN
easat-2335	139	4	disclosure	disclosure	NOUN
easat-2335	139	5	.	.	PUNCT
easat-2335	140	1	no	no	INTJ
easat-2335	140	2	.	.	PUNCT
easat-2335	141	1	information	information	NOUN
easat-2335	141	2	g1	g1	PROPN
easat-2335	141	3	person	person	NOUN
easat-2335	141	4	in	in	ADP
easat-2335	141	5	charge	charge	NOUN
easat-2335	141	6	of	of	ADP
easat-2335	141	7	governance	governance	NOUN
easat-2335	141	8	g2	g2	PROPN
easat-2335	141	9	competency	competency	PROPN
easat-2335	141	10	development	development	NOUN
easat-2335	141	11	of	of	ADP
easat-2335	141	12	the	the	DET
easat-2335	141	13	person	person	NOUN
easat-2335	141	14	in	in	ADP
easat-2335	141	15	charge	charge	NOUN
easat-2335	141	16	of	of	ADP
easat-2335	141	17	governance	governance	NOUN
easat-2335	141	18	g3	g3	NOUN
easat-2335	141	19	external	external	ADJ
easat-2335	141	20	guarantees	guarantee	NOUN
easat-2335	141	21	g4	g4	VERB
easat-2335	141	22	the	the	DET
easat-2335	141	23	role	role	NOUN
easat-2335	141	24	of	of	ADP
easat-2335	141	25	the	the	DET
easat-2335	141	26	highest	high	ADJ
easat-2335	141	27	governance	governance	NOUN
easat-2335	141	28	body	body	NOUN
easat-2335	141	29	in	in	ADP
easat-2335	141	30	overseeing	oversee	VERB
easat-2335	141	31	impact	impact	NOUN
easat-2335	141	32	management	management	NOUN
easat-2335	141	33	g5	g5	NOUN
easat-2335	141	34	risk	risk	NOUN
easat-2335	141	35	assessment	assessment	NOUN
easat-2335	141	36	of	of	ADP
easat-2335	141	37	the	the	DET
easat-2335	141	38	implementation	implementation	NOUN
easat-2335	141	39	of	of	ADP
easat-2335	141	40	sustainable	sustainable	ADJ
easat-2335	141	41	finance	finance	NOUN
easat-2335	141	42	g6	g6	ADJ
easat-2335	141	43	policies	policy	NOUN
easat-2335	141	44	to	to	PART
easat-2335	141	45	respond	respond	VERB
easat-2335	141	46	to	to	ADP
easat-2335	141	47	challenges	challenge	NOUN
easat-2335	141	48	in	in	ADP
easat-2335	141	49	the	the	DET
easat-2335	141	50	fulfilment	fulfilment	NOUN
easat-2335	141	51	of	of	ADP
easat-2335	141	52	sustainability	sustainability	NOUN
easat-2335	141	53	strategies	strategy	NOUN
easat-2335	141	54	g7	g7	PROPN
easat-2335	141	55	conflict	conflict	NOUN
easat-2335	141	56	of	of	ADP
easat-2335	141	57	interest	interest	NOUN
easat-2335	141	58	g8	g8	PROPN
easat-2335	141	59	performance	performance	NOUN
easat-2335	141	60	evaluation	evaluation	NOUN
easat-2335	141	61	of	of	ADP
easat-2335	141	62	the	the	DET
easat-2335	141	63	highest	high	ADJ
easat-2335	141	64	governance	governance	NOUN
easat-2335	141	65	body	body	NOUN
easat-2335	141	66	g9	g9	NOUN
easat-2335	141	67	membership	membership	NOUN
easat-2335	141	68	in	in	ADP
easat-2335	141	69	the	the	DET
easat-2335	141	70	association	association	PROPN
easat-2335	141	71	g10	g10	PROPN
easat-2335	141	72	stakeholder	stakeholder	PROPN
easat-2335	141	73	engagement	engagement	PROPN
easat-2335	141	74	1741	1741	NUM
easat-2335	141	75	edelweiss	edelweiss	PROPN
easat-2335	141	76	applied	apply	VERB
easat-2335	141	77	science	science	NOUN
easat-2335	141	78	and	and	CCONJ
easat-2335	141	79	technology	technology	NOUN
easat-2335	141	80	issn	issn	PROPN
easat-2335	141	81	:	:	PUNCT
easat-2335	141	82	2576	2576	NUM
easat-2335	141	83	-	-	SYM
easat-2335	141	84	8484	8484	NUM
easat-2335	141	85	vol	vol	NOUN
easat-2335	141	86	.	.	PROPN
easat-2335	142	1	8	8	NUM
easat-2335	142	2	,	,	PUNCT
easat-2335	142	3	no	no	INTJ
easat-2335	142	4	.	.	NOUN
easat-2335	143	1	6	6	NUM
easat-2335	143	2	:	:	SYM
easat-2335	143	3	1735	1735	NUM
easat-2335	143	4	-	-	SYM
easat-2335	143	5	1750	1750	NUM
easat-2335	143	6	,	,	PUNCT
easat-2335	143	7	2024	2024	NUM
easat-2335	143	8	doi	doi	NOUN
easat-2335	143	9	:	:	PUNCT
easat-2335	143	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	143	11	©	©	PROPN
easat-2335	143	12	2024	2024	NUM
easat-2335	143	13	by	by	ADP
easat-2335	143	14	the	the	DET
easat-2335	143	15	authors	author	NOUN
easat-2335	143	16	;	;	PUNCT
easat-2335	143	17	licensee	licensee	PROPN
easat-2335	143	18	learning	learning	NOUN
easat-2335	143	19	gate	gate	VERB
easat-2335	143	20	4.2	4.2	NUM
easat-2335	143	21	.	.	PUNCT
easat-2335	144	1	quantitative	quantitative	ADJ
easat-2335	144	2	phase	phase	NOUN
easat-2335	144	3	:	:	PUNCT
easat-2335	144	4	impact	impact	NOUN
easat-2335	144	5	of	of	ADP
easat-2335	144	6	esg	esg	PROPN
easat-2335	144	7	disclosure	disclosure	NOUN
easat-2335	144	8	on	on	ADP
easat-2335	144	9	financial	financial	ADJ
easat-2335	144	10	performance	performance	NOUN
easat-2335	144	11	the	the	DET
easat-2335	144	12	study	study	NOUN
easat-2335	144	13	focused	focus	VERB
easat-2335	144	14	on	on	ADP
easat-2335	144	15	manufacturing	manufacture	VERB
easat-2335	144	16	companies	company	NOUN
easat-2335	144	17	listed	list	VERB
easat-2335	144	18	on	on	ADP
easat-2335	144	19	the	the	DET
easat-2335	144	20	indonesia	indonesia	PROPN
easat-2335	144	21	stock	stock	PROPN
easat-2335	144	22	exchange	exchange	NOUN
easat-2335	144	23	from	from	ADP
easat-2335	144	24	2020	2020	NUM
easat-2335	144	25	to	to	ADP
easat-2335	144	26	2023	2023	NUM
easat-2335	144	27	.	.	PUNCT
easat-2335	145	1	after	after	ADP
easat-2335	145	2	applying	apply	VERB
easat-2335	145	3	purposive	purposive	ADJ
easat-2335	145	4	sampling	sampling	NOUN
easat-2335	145	5	criteria	criterion	NOUN
easat-2335	145	6	,	,	PUNCT
easat-2335	145	7	22	22	NUM
easat-2335	145	8	companies	company	NOUN
easat-2335	145	9	were	be	AUX
easat-2335	145	10	selected	select	VERB
easat-2335	145	11	for	for	ADP
easat-2335	145	12	analysis	analysis	NOUN
easat-2335	145	13	.	.	PUNCT
easat-2335	146	1	the	the	DET
easat-2335	146	2	criteria	criterion	NOUN
easat-2335	146	3	and	and	CCONJ
easat-2335	146	4	resulting	result	VERB
easat-2335	146	5	sample	sample	NOUN
easat-2335	146	6	size	size	NOUN
easat-2335	146	7	are	be	AUX
easat-2335	146	8	presented	present	VERB
easat-2335	146	9	in	in	ADP
easat-2335	146	10	table	table	NOUN
easat-2335	146	11	4	4	NUM
easat-2335	146	12	.	.	PUNCT
easat-2335	146	13	table	table	NOUN
easat-2335	146	14	4	4	NUM
easat-2335	146	15	.	.	PUNCT
easat-2335	146	16	sample	sample	NOUN
easat-2335	146	17	selection	selection	NOUN
easat-2335	146	18	process	process	NOUN
easat-2335	146	19	.	.	PUNCT
easat-2335	147	1	no	no	INTJ
easat-2335	147	2	.	.	PUNCT
easat-2335	148	1	information	information	NOUN
easat-2335	148	2	number	number	NOUN
easat-2335	148	3	of	of	ADP
easat-2335	148	4	companies	company	NOUN
easat-2335	148	5	1	1	NUM
easat-2335	148	6	.	.	PUNCT
easat-2335	149	1	manufacturing	manufacturing	NOUN
easat-2335	149	2	companies	company	NOUN
easat-2335	149	3	listed	list	VERB
easat-2335	149	4	consecutively	consecutively	ADV
easat-2335	149	5	on	on	ADP
easat-2335	149	6	the	the	DET
easat-2335	149	7	idx	idx	NOUN
easat-2335	149	8	from	from	ADP
easat-2335	149	9	2020	2020	NUM
easat-2335	149	10	to	to	ADP
easat-2335	149	11	2023	2023	NUM
easat-2335	149	12	167	167	NUM
easat-2335	149	13	2	2	NUM
easat-2335	149	14	.	.	PUNCT
easat-2335	149	15	manufacturing	manufacturing	NOUN
easat-2335	149	16	companies	company	NOUN
easat-2335	149	17	publish	publish	VERB
easat-2335	149	18	standalone	standalone	ADJ
easat-2335	149	19	sustainability	sustainability	NOUN
easat-2335	149	20	reports	report	NOUN
easat-2335	149	21	from	from	ADP
easat-2335	149	22	2020	2020	NUM
easat-2335	149	23	to	to	ADP
easat-2335	149	24	2023	2023	NUM
easat-2335	149	25	26	26	NUM
easat-2335	149	26	3	3	NUM
easat-2335	149	27	.	.	PUNCT
easat-2335	149	28	manufacturing	manufacturing	NOUN
easat-2335	149	29	companies	company	NOUN
easat-2335	149	30	publish	publish	VERB
easat-2335	149	31	indonesia	indonesia	PROPN
easat-2335	149	32	-	-	PUNCT
easat-2335	149	33	language	language	NOUN
easat-2335	149	34	sustainability	sustainability	NOUN
easat-2335	149	35	reports	report	NOUN
easat-2335	149	36	from	from	ADP
easat-2335	149	37	2020	2020	NUM
easat-2335	149	38	to	to	ADP
easat-2335	149	39	2023	2023	NUM
easat-2335	149	40	24	24	NUM
easat-2335	149	41	4	4	NUM
easat-2335	149	42	.	.	PUNCT
easat-2335	150	1	full	full	ADJ
easat-2335	150	2	data	datum	NOUN
easat-2335	150	3	22	22	NUM
easat-2335	150	4	the	the	DET
easat-2335	150	5	study	study	NOUN
easat-2335	150	6	employed	employ	VERB
easat-2335	150	7	three	three	NUM
easat-2335	150	8	regression	regression	NOUN
easat-2335	150	9	models	model	NOUN
easat-2335	150	10	to	to	PART
easat-2335	150	11	examine	examine	VERB
easat-2335	150	12	the	the	DET
easat-2335	150	13	impact	impact	NOUN
easat-2335	150	14	of	of	ADP
easat-2335	150	15	esg	esg	PROPN
easat-2335	150	16	disclosure	disclosure	NOUN
easat-2335	150	17	on	on	ADP
easat-2335	150	18	stock	stock	NOUN
easat-2335	150	19	returns	return	NOUN
easat-2335	150	20	(	(	PUNCT
easat-2335	150	21	rs	rs	NOUN
easat-2335	150	22	)	)	PUNCT
easat-2335	150	23	,	,	PUNCT
easat-2335	150	24	tobin	tobin	PROPN
easat-2335	150	25	's	's	PART
easat-2335	150	26	q	q	NOUN
easat-2335	150	27	,	,	PUNCT
easat-2335	150	28	and	and	CCONJ
easat-2335	150	29	competitive	competitive	ADJ
easat-2335	150	30	advantage	advantage	NOUN
easat-2335	150	31	(	(	PUNCT
easat-2335	150	32	ca	ca	NOUN
easat-2335	150	33	)	)	PUNCT
easat-2335	150	34	.	.	PUNCT
easat-2335	151	1	table	table	NOUN
easat-2335	151	2	5	5	NUM
easat-2335	151	3	.	.	PUNCT
easat-2335	151	4	lists	list	VERB
easat-2335	151	5	the	the	DET
easat-2335	151	6	22	22	NUM
easat-2335	151	7	companies	company	NOUN
easat-2335	151	8	included	include	VERB
easat-2335	151	9	in	in	ADP
easat-2335	151	10	the	the	DET
easat-2335	151	11	final	final	ADJ
easat-2335	151	12	sample	sample	NOUN
easat-2335	151	13	.	.	PUNCT
easat-2335	152	1	table	table	NOUN
easat-2335	152	2	5	5	NUM
easat-2335	152	3	.	.	PUNCT
easat-2335	152	4	final	final	ADJ
easat-2335	152	5	sample	sample	NOUN
easat-2335	152	6	of	of	ADP
easat-2335	152	7	companies	company	NOUN
easat-2335	152	8	.	.	PUNCT
easat-2335	153	1	no	no	INTJ
easat-2335	153	2	.	.	PUNCT
easat-2335	153	3	company	company	NOUN
easat-2335	153	4	name	name	VERB
easat-2335	153	5	1	1	NUM
easat-2335	153	6	.	.	PUNCT
easat-2335	153	7	astra	astra	PROPN
easat-2335	153	8	international	international	PROPN
easat-2335	153	9	tbk	tbk	PROPN
easat-2335	153	10	2	2	NUM
easat-2335	153	11	.	.	PUNCT
easat-2335	153	12	astra	astra	PROPN
easat-2335	153	13	otoparts	otoparts	PROPN
easat-2335	153	14	tbk	tbk	VERB
easat-2335	153	15	3	3	PROPN
easat-2335	153	16	.	.	PUNCT
easat-2335	153	17	barito	barito	PROPN
easat-2335	153	18	pacific	pacific	PROPN
easat-2335	153	19	tbk	tbk	PROPN
easat-2335	153	20	4	4	NUM
easat-2335	153	21	.	.	PUNCT
easat-2335	154	1	chandra	chandra	PROPN
easat-2335	154	2	asri	asri	PROPN
easat-2335	154	3	petrochemical	petrochemical	PROPN
easat-2335	154	4	tbk	tbk	PROPN
easat-2335	154	5	5	5	NUM
easat-2335	154	6	.	.	PUNCT
easat-2335	155	1	charoen	charoen	PROPN
easat-2335	155	2	pokphand	pokphand	PROPN
easat-2335	155	3	indonesia	indonesia	PROPN
easat-2335	155	4	tbk	tbk	PROPN
easat-2335	155	5	6	6	NUM
easat-2335	155	6	.	.	PUNCT
easat-2335	156	1	gunung	gunung	PROPN
easat-2335	156	2	raja	raja	PROPN
easat-2335	156	3	paksi	paksi	PROPN
easat-2335	156	4	tbk	tbk	PROPN
easat-2335	156	5	7	7	PROPN
easat-2335	156	6	.	.	PUNCT
easat-2335	157	1	impack	impack	PROPN
easat-2335	157	2	pratama	pratama	NOUN
easat-2335	157	3	industri	industri	PROPN
easat-2335	157	4	tbk	tbk	PROPN
easat-2335	157	5	8	8	PROPN
easat-2335	157	6	.	.	PUNCT
easat-2335	158	1	indocement	indocement	PROPN
easat-2335	158	2	tunggal	tunggal	PROPN
easat-2335	158	3	prakarsa	prakarsa	PROPN
easat-2335	158	4	tbk	tbk	PROPN
easat-2335	158	5	9	9	NUM
easat-2335	158	6	.	.	PUNCT
easat-2335	158	7	indofarma	indofarma	PROPN
easat-2335	158	8	tbk	tbk	PROPN
easat-2335	158	9	10	10	NUM
easat-2335	158	10	.	.	PUNCT
easat-2335	159	1	sido	sido	PROPN
easat-2335	159	2	muncul	muncul	PROPN
easat-2335	159	3	industrial	industrial	PROPN
easat-2335	159	4	herbal	herbal	ADJ
easat-2335	159	5	medicine	medicine	NOUN
easat-2335	159	6	and	and	CCONJ
easat-2335	159	7	pharmacy	pharmacy	NOUN
easat-2335	159	8	tbk	tbk	PROPN
easat-2335	159	9	11	11	NUM
easat-2335	159	10	.	.	PUNCT
easat-2335	160	1	integra	integra	PROPN
easat-2335	160	2	indocabinet	indocabinet	PROPN
easat-2335	160	3	tbk	tbk	PROPN
easat-2335	160	4	12	12	NUM
easat-2335	160	5	.	.	PUNCT
easat-2335	161	1	japfa	japfa	NOUN
easat-2335	161	2	comfeed	comfeed	VERB
easat-2335	161	3	indonesia	indonesia	PROPN
easat-2335	161	4	tbk	tbk	PROPN
easat-2335	161	5	13	13	NUM
easat-2335	161	6	.	.	PUNCT
easat-2335	162	1	kalbe	kalbe	PROPN
easat-2335	162	2	farma	farma	PROPN
easat-2335	162	3	tbk	tbk	PROPN
easat-2335	162	4	14	14	NUM
easat-2335	162	5	.	.	PUNCT
easat-2335	163	1	kimia	kimia	NOUN
easat-2335	163	2	farma	farma	PROPN
easat-2335	163	3	tbk	tbk	PROPN
easat-2335	163	4	15	15	NUM
easat-2335	163	5	.	.	PUNCT
easat-2335	164	1	phapros	phapros	PROPN
easat-2335	164	2	tbk	tbk	VERB
easat-2335	164	3	16	16	NUM
easat-2335	164	4	.	.	PUNCT
easat-2335	165	1	selamat	selamat	PROPN
easat-2335	165	2	sempurna	sempurna	PROPN
easat-2335	165	3	tbk	tbk	PROPN
easat-2335	165	4	17	17	NUM
easat-2335	165	5	.	.	PUNCT
easat-2335	166	1	semen	semen	PROPN
easat-2335	166	2	indonesia	indonesia	PROPN
easat-2335	166	3	(	(	PUNCT
easat-2335	166	4	persero	persero	PROPN
easat-2335	166	5	)	)	PUNCT
easat-2335	166	6	tbk	tbk	PROPN
easat-2335	166	7	18	18	NUM
easat-2335	166	8	.	.	PUNCT
easat-2335	167	1	solusi	solusi	PROPN
easat-2335	167	2	bangun	bangun	VERB
easat-2335	167	3	indonesia	indonesia	PROPN
easat-2335	167	4	tbk	tbk	PROPN
easat-2335	167	5	19	19	NUM
easat-2335	167	6	.	.	PUNCT
easat-2335	168	1	steel	steel	NOUN
easat-2335	168	2	pipe	pipe	NOUN
easat-2335	168	3	industry	industry	NOUN
easat-2335	168	4	of	of	ADP
easat-2335	168	5	indonesia	indonesia	PROPN
easat-2335	168	6	tbk	tbk	PROPN
easat-2335	168	7	20	20	NUM
easat-2335	168	8	.	.	PUNCT
easat-2335	169	1	toba	toba	PROPN
easat-2335	169	2	pulp	pulp	PROPN
easat-2335	169	3	lestari	lestari	PROPN
easat-2335	169	4	tbk	tbk	PROPN
easat-2335	169	5	21	21	NUM
easat-2335	169	6	.	.	PUNCT
easat-2335	170	1	waskita	waskita	PROPN
easat-2335	170	2	beton	beton	PROPN
easat-2335	170	3	precast	precast	PROPN
easat-2335	170	4	tbk	tbk	PROPN
easat-2335	170	5	22	22	NUM
easat-2335	170	6	.	.	PUNCT
easat-2335	171	1	wijaya	wijaya	PROPN
easat-2335	171	2	karya	karya	PROPN
easat-2335	171	3	beton	beton	PROPN
easat-2335	171	4	tbk	tbk	PROPN
easat-2335	171	5	1742	1742	NUM
easat-2335	171	6	edelweiss	edelweiss	PROPN
easat-2335	171	7	applied	apply	VERB
easat-2335	171	8	science	science	NOUN
easat-2335	171	9	and	and	CCONJ
easat-2335	171	10	technology	technology	NOUN
easat-2335	171	11	issn	issn	PROPN
easat-2335	171	12	:	:	PUNCT
easat-2335	171	13	2576	2576	NUM
easat-2335	171	14	-	-	SYM
easat-2335	171	15	8484	8484	NUM
easat-2335	171	16	vol	vol	NOUN
easat-2335	171	17	.	.	PROPN
easat-2335	171	18	8	8	NUM
easat-2335	171	19	,	,	PUNCT
easat-2335	171	20	no	no	INTJ
easat-2335	171	21	.	.	NOUN
easat-2335	172	1	6	6	NUM
easat-2335	172	2	:	:	SYM
easat-2335	172	3	1735	1735	NUM
easat-2335	172	4	-	-	SYM
easat-2335	172	5	1750	1750	NUM
easat-2335	172	6	,	,	PUNCT
easat-2335	172	7	2024	2024	NUM
easat-2335	172	8	doi	doi	NOUN
easat-2335	172	9	:	:	PUNCT
easat-2335	172	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	172	11	©	©	PROPN
easat-2335	172	12	2024	2024	NUM
easat-2335	172	13	by	by	ADP
easat-2335	172	14	the	the	DET
easat-2335	172	15	authors	author	NOUN
easat-2335	172	16	;	;	PUNCT
easat-2335	172	17	licensee	licensee	PROPN
easat-2335	172	18	learning	learning	NOUN
easat-2335	172	19	gate	gate	NOUN
easat-2335	172	20	4.3	4.3	NUM
easat-2335	172	21	.	.	PUNCT
easat-2335	173	1	model	model	NOUN
easat-2335	173	2	comparisons	comparison	NOUN
easat-2335	173	3	figure	figure	NOUN
easat-2335	173	4	1	1	NUM
easat-2335	173	5	shows	show	VERB
easat-2335	173	6	the	the	DET
easat-2335	173	7	profit	profit	NOUN
easat-2335	173	8	growth	growth	NOUN
easat-2335	173	9	of	of	ADP
easat-2335	173	10	the	the	DET
easat-2335	173	11	sampled	sample	VERB
easat-2335	173	12	companies	company	NOUN
easat-2335	173	13	from	from	ADP
easat-2335	173	14	2020	2020	NUM
easat-2335	173	15	to	to	ADP
easat-2335	173	16	2023	2023	NUM
easat-2335	173	17	.	.	PUNCT
easat-2335	174	1	the	the	DET
easat-2335	174	2	picture	picture	NOUN
easat-2335	174	3	indicates	indicate	VERB
easat-2335	174	4	that	that	SCONJ
easat-2335	174	5	only	only	ADV
easat-2335	174	6	4	4	NUM
easat-2335	174	7	out	out	ADP
easat-2335	174	8	of	of	ADP
easat-2335	174	9	22	22	NUM
easat-2335	174	10	companies	company	NOUN
easat-2335	174	11	(	(	PUNCT
easat-2335	174	12	astra	astra	PROPN
easat-2335	174	13	et	et	PROPN
easat-2335	174	14	al	al	PROPN
easat-2335	174	15	.	.	PROPN
easat-2335	174	16	indonesia	indonesia	PROPN
easat-2335	174	17	,	,	PUNCT
easat-2335	174	18	charoen	charoen	PROPN
easat-2335	174	19	pokphand	pokphand	PROPN
easat-2335	174	20	,	,	PUNCT
easat-2335	174	21	semen	semen	NOUN
easat-2335	174	22	indonesia	indonesia	PROPN
easat-2335	174	23	and	and	CCONJ
easat-2335	174	24	kalbe	kalbe	PROPN
easat-2335	174	25	farma	farma	NOUN
easat-2335	174	26	)	)	PUNCT
easat-2335	174	27	demonstrated	demonstrate	VERB
easat-2335	174	28	positive	positive	ADJ
easat-2335	174	29	profit	profit	NOUN
easat-2335	174	30	growth	growth	NOUN
easat-2335	174	31	more	more	ADJ
easat-2335	174	32	than	than	ADP
easat-2335	174	33	10	10	NUM
easat-2335	174	34	%	%	NOUN
easat-2335	174	35	over	over	ADP
easat-2335	174	36	the	the	DET
easat-2335	174	37	study	study	NOUN
easat-2335	174	38	period	period	NOUN
easat-2335	174	39	.	.	PUNCT
easat-2335	175	1	astra	astra	PROPN
easat-2335	175	2	international	international	PROPN
easat-2335	175	3	stands	stand	VERB
easat-2335	175	4	out	out	ADP
easat-2335	175	5	as	as	ADP
easat-2335	175	6	the	the	DET
easat-2335	175	7	clear	clear	ADJ
easat-2335	175	8	leader	leader	NOUN
easat-2335	175	9	,	,	PUNCT
easat-2335	175	10	with	with	ADP
easat-2335	175	11	a	a	DET
easat-2335	175	12	net	net	ADJ
easat-2335	175	13	income	income	NOUN
easat-2335	175	14	significantly	significantly	ADV
easat-2335	175	15	higher	high	ADJ
easat-2335	175	16	than	than	ADP
easat-2335	175	17	all	all	DET
easat-2335	175	18	other	other	ADJ
easat-2335	175	19	companies	company	NOUN
easat-2335	175	20	shown	show	VERB
easat-2335	175	21	.	.	PUNCT
easat-2335	176	1	its	its	PRON
easat-2335	176	2	bar	bar	NOUN
easat-2335	176	3	dwarfs	dwarf	VERB
easat-2335	176	4	the	the	DET
easat-2335	176	5	others	other	NOUN
easat-2335	176	6	,	,	PUNCT
easat-2335	176	7	indicating	indicate	VERB
easat-2335	176	8	it	it	PRON
easat-2335	176	9	contributes	contribute	VERB
easat-2335	176	10	a	a	DET
easat-2335	176	11	substantial	substantial	ADJ
easat-2335	176	12	portion	portion	NOUN
easat-2335	176	13	of	of	ADP
easat-2335	176	14	the	the	DET
easat-2335	176	15	total	total	ADJ
easat-2335	176	16	net	net	ADJ
easat-2335	176	17	income	income	NOUN
easat-2335	176	18	across	across	ADP
easat-2335	176	19	these	these	DET
easat-2335	176	20	esg	esg	NOUN
easat-2335	176	21	companies	company	NOUN
easat-2335	176	22	.	.	PUNCT
easat-2335	177	1	there	there	PRON
easat-2335	177	2	is	be	VERB
easat-2335	177	3	a	a	DET
easat-2335	177	4	sharp	sharp	ADJ
easat-2335	177	5	drop	drop	NOUN
easat-2335	177	6	-	-	PUNCT
easat-2335	177	7	off	off	NOUN
easat-2335	177	8	after	after	ADP
easat-2335	177	9	astra	astra	PROPN
easat-2335	177	10	international	international	PROPN
easat-2335	177	11	,	,	PUNCT
easat-2335	177	12	with	with	ADP
easat-2335	177	13	charoen	charoen	PROPN
easat-2335	177	14	pokphand	pokphand	PROPN
easat-2335	177	15	,	,	PUNCT
easat-2335	177	16	semen	semen	PROPN
easat-2335	177	17	indonesia	indonesia	PROPN
easat-2335	177	18	,	,	PUNCT
easat-2335	177	19	and	and	CCONJ
easat-2335	177	20	kalbe	kalbe	NOUN
easat-2335	177	21	farma	farma	NOUN
easat-2335	177	22	forming	form	VERB
easat-2335	177	23	a	a	DET
easat-2335	177	24	second	second	ADJ
easat-2335	177	25	tier	tier	NOUN
easat-2335	177	26	of	of	ADP
easat-2335	177	27	high	high	ADJ
easat-2335	177	28	earners	earner	NOUN
easat-2335	177	29	,	,	PUNCT
easat-2335	177	30	albeit	albeit	SCONJ
easat-2335	177	31	at	at	ADP
easat-2335	177	32	much	much	ADV
easat-2335	177	33	lower	low	ADJ
easat-2335	177	34	levels	level	NOUN
easat-2335	177	35	than	than	ADP
easat-2335	177	36	the	the	DET
easat-2335	177	37	top	top	ADJ
easat-2335	177	38	performer	performer	NOUN
easat-2335	177	39	.	.	PUNCT
easat-2335	178	1	the	the	DET
easat-2335	178	2	picture	picture	NOUN
easat-2335	178	3	exhibits	exhibit	VERB
easat-2335	178	4	a	a	DET
easat-2335	178	5	long	long	ADJ
easat-2335	178	6	tail	tail	NOUN
easat-2335	178	7	,	,	PUNCT
easat-2335	178	8	with	with	ADP
easat-2335	178	9	many	many	ADJ
easat-2335	178	10	companies	company	NOUN
easat-2335	178	11	showing	show	VERB
easat-2335	178	12	relatively	relatively	ADV
easat-2335	178	13	small	small	ADJ
easat-2335	178	14	net	net	ADJ
easat-2335	178	15	incomes	income	NOUN
easat-2335	178	16	compared	compare	VERB
easat-2335	178	17	to	to	ADP
easat-2335	178	18	the	the	DET
easat-2335	178	19	leaders	leader	NOUN
easat-2335	178	20	.	.	PUNCT
easat-2335	179	1	this	this	DET
easat-2335	179	2	distribution	distribution	NOUN
easat-2335	179	3	suggests	suggest	VERB
easat-2335	179	4	a	a	DET
easat-2335	179	5	high	high	ADJ
easat-2335	179	6	concentration	concentration	NOUN
easat-2335	179	7	of	of	ADP
easat-2335	179	8	earnings	earning	NOUN
easat-2335	179	9	among	among	ADP
easat-2335	179	10	a	a	DET
easat-2335	179	11	few	few	ADJ
easat-2335	179	12	top	top	ADJ
easat-2335	179	13	performers	performer	NOUN
easat-2335	179	14	in	in	ADP
easat-2335	179	15	the	the	DET
easat-2335	179	16	esg	esg	NOUN
easat-2335	179	17	space	space	NOUN
easat-2335	179	18	.	.	PUNCT
easat-2335	180	1	the	the	DET
easat-2335	180	2	cumulative	cumulative	ADJ
easat-2335	180	3	percentage	percentage	NOUN
easat-2335	180	4	line	line	NOUN
easat-2335	180	5	(	(	PUNCT
easat-2335	180	6	orange	orange	ADJ
easat-2335	180	7	)	)	PUNCT
easat-2335	180	8	rises	rise	VERB
easat-2335	180	9	steeply	steeply	ADV
easat-2335	180	10	at	at	ADP
easat-2335	180	11	first	first	ADV
easat-2335	180	12	,	,	PUNCT
easat-2335	180	13	reflecting	reflect	VERB
easat-2335	180	14	the	the	DET
easat-2335	180	15	outsized	outsized	ADJ
easat-2335	180	16	contribution	contribution	NOUN
easat-2335	180	17	of	of	ADP
easat-2335	180	18	the	the	DET
easat-2335	180	19	top	top	ADJ
easat-2335	180	20	companies	company	NOUN
easat-2335	180	21	,	,	PUNCT
easat-2335	180	22	then	then	ADV
easat-2335	180	23	gradually	gradually	ADV
easat-2335	180	24	flattens	flatten	VERB
easat-2335	180	25	as	as	SCONJ
easat-2335	180	26	it	it	PRON
easat-2335	180	27	approaches	approach	VERB
easat-2335	180	28	100	100	NUM
easat-2335	180	29	%	%	NOUN
easat-2335	180	30	.	.	PUNCT
easat-2335	181	1	this	this	PRON
easat-2335	181	2	indicates	indicate	VERB
easat-2335	181	3	that	that	SCONJ
easat-2335	181	4	a	a	DET
easat-2335	181	5	small	small	ADJ
easat-2335	181	6	number	number	NOUN
easat-2335	181	7	of	of	ADP
easat-2335	181	8	companies	company	NOUN
easat-2335	181	9	account	account	VERB
easat-2335	181	10	for	for	ADP
easat-2335	181	11	the	the	DET
easat-2335	181	12	majority	majority	NOUN
easat-2335	181	13	of	of	ADP
easat-2335	181	14	the	the	DET
easat-2335	181	15	total	total	ADJ
easat-2335	181	16	net	net	ADJ
easat-2335	181	17	income	income	NOUN
easat-2335	181	18	.	.	PUNCT
easat-2335	182	1	overall	overall	ADV
easat-2335	182	2	,	,	PUNCT
easat-2335	182	3	the	the	DET
easat-2335	182	4	picture	picture	NOUN
easat-2335	182	5	reveals	reveal	VERB
easat-2335	182	6	significant	significant	ADJ
easat-2335	182	7	income	income	NOUN
easat-2335	182	8	inequality	inequality	NOUN
easat-2335	182	9	among	among	ADP
easat-2335	182	10	these	these	DET
easat-2335	182	11	esg	esg	NOUN
easat-2335	182	12	companies	company	NOUN
easat-2335	182	13	,	,	PUNCT
easat-2335	182	14	with	with	ADP
easat-2335	182	15	a	a	DET
easat-2335	182	16	few	few	ADJ
easat-2335	182	17	dominant	dominant	ADJ
easat-2335	182	18	players	player	NOUN
easat-2335	182	19	and	and	CCONJ
easat-2335	182	20	many	many	ADJ
easat-2335	182	21	smaller	small	ADJ
easat-2335	182	22	contributors	contributor	NOUN
easat-2335	182	23	to	to	ADP
easat-2335	182	24	the	the	DET
easat-2335	182	25	total	total	ADJ
easat-2335	182	26	net	net	ADJ
easat-2335	182	27	income	income	NOUN
easat-2335	182	28	pool	pool	NOUN
easat-2335	182	29	.	.	PUNCT
easat-2335	183	1	figure	figure	NOUN
easat-2335	183	2	1	1	NUM
easat-2335	183	3	.	.	PUNCT
easat-2335	183	4	esg	esg	PROPN
easat-2335	183	5	company	company	NOUN
easat-2335	183	6	profit	profit	NOUN
easat-2335	183	7	growth	growth	NOUN
easat-2335	183	8	.	.	PUNCT
easat-2335	184	1	1743	1743	NUM
easat-2335	184	2	edelweiss	edelweiss	PROPN
easat-2335	184	3	applied	apply	VERB
easat-2335	184	4	science	science	NOUN
easat-2335	184	5	and	and	CCONJ
easat-2335	184	6	technology	technology	NOUN
easat-2335	184	7	issn	issn	PROPN
easat-2335	184	8	:	:	PUNCT
easat-2335	184	9	2576	2576	NUM
easat-2335	184	10	-	-	SYM
easat-2335	184	11	8484	8484	NUM
easat-2335	184	12	vol	vol	NOUN
easat-2335	184	13	.	.	PROPN
easat-2335	184	14	8	8	NUM
easat-2335	184	15	,	,	PUNCT
easat-2335	184	16	no	no	INTJ
easat-2335	184	17	.	.	NOUN
easat-2335	185	1	6	6	NUM
easat-2335	185	2	:	:	SYM
easat-2335	185	3	1735	1735	NUM
easat-2335	185	4	-	-	SYM
easat-2335	185	5	1750	1750	NUM
easat-2335	185	6	,	,	PUNCT
easat-2335	185	7	2024	2024	NUM
easat-2335	185	8	doi	doi	NOUN
easat-2335	185	9	:	:	PUNCT
easat-2335	185	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	185	11	©	©	PROPN
easat-2335	185	12	2024	2024	NUM
easat-2335	185	13	by	by	ADP
easat-2335	185	14	the	the	DET
easat-2335	185	15	authors	author	NOUN
easat-2335	185	16	;	;	PUNCT
easat-2335	185	17	licensee	licensee	PROPN
easat-2335	185	18	learning	learn	VERB
easat-2335	185	19	gate	gate	NOUN
easat-2335	185	20	table	table	NOUN
easat-2335	185	21	6	6	NUM
easat-2335	185	22	.	.	PUNCT
easat-2335	185	23	showed	show	VERB
easat-2335	185	24	,	,	PUNCT
easat-2335	185	25	the	the	DET
easat-2335	185	26	analysis	analysis	NOUN
easat-2335	185	27	of	of	ADP
easat-2335	185	28	models	model	NOUN
easat-2335	185	29	m1	m1	PROPN
easat-2335	185	30	,	,	PUNCT
easat-2335	185	31	m2	m2	PROPN
easat-2335	185	32	and	and	CCONJ
easat-2335	185	33	m3	m3	PROPN
easat-2335	185	34	provides	provide	VERB
easat-2335	185	35	insight	insight	NOUN
easat-2335	185	36	into	into	ADP
easat-2335	185	37	how	how	SCONJ
easat-2335	185	38	additional	additional	ADJ
easat-2335	185	39	variables	variable	NOUN
easat-2335	185	40	and	and	CCONJ
easat-2335	185	41	model	model	NOUN
easat-2335	185	42	complexities	complexity	NOUN
easat-2335	185	43	influence	influence	VERB
easat-2335	185	44	key	key	ADJ
easat-2335	185	45	financial	financial	ADJ
easat-2335	185	46	and	and	CCONJ
easat-2335	185	47	sustainability	sustainability	NOUN
easat-2335	185	48	metrics	metric	NOUN
easat-2335	185	49	such	such	ADJ
easat-2335	185	50	as	as	ADP
easat-2335	185	51	total	total	ADJ
easat-2335	185	52	assets	asset	NOUN
easat-2335	185	53	,	,	PUNCT
easat-2335	185	54	return	return	VERB
easat-2335	185	55	on	on	ADP
easat-2335	185	56	equity	equity	NOUN
easat-2335	185	57	(	(	PUNCT
easat-2335	185	58	roe	roe	PROPN
easat-2335	185	59	)	)	PUNCT
easat-2335	185	60	,	,	PUNCT
easat-2335	185	61	dividend	dividend	VERB
easat-2335	185	62	payout	payout	NOUN
easat-2335	185	63	ratio	ratio	NOUN
easat-2335	185	64	(	(	PUNCT
easat-2335	185	65	dpr	dpr	PROPN
easat-2335	185	66	)	)	PUNCT
easat-2335	185	67	,	,	PUNCT
easat-2335	185	68	and	and	CCONJ
easat-2335	185	69	environmental	environmental	ADJ
easat-2335	185	70	,	,	PUNCT
easat-2335	185	71	social	social	ADJ
easat-2335	185	72	,	,	PUNCT
easat-2335	185	73	and	and	CCONJ
easat-2335	185	74	governance	governance	NOUN
easat-2335	185	75	(	(	PUNCT
easat-2335	185	76	esg	esg	NOUN
easat-2335	185	77	)	)	PUNCT
easat-2335	185	78	scores	score	NOUN
easat-2335	185	79	.	.	PUNCT
easat-2335	186	1	by	by	ADP
easat-2335	186	2	examining	examine	VERB
easat-2335	186	3	the	the	DET
easat-2335	186	4	changes	change	NOUN
easat-2335	186	5	in	in	ADP
easat-2335	186	6	significance	significance	NOUN
easat-2335	186	7	and	and	CCONJ
easat-2335	186	8	coefficients	coefficient	NOUN
easat-2335	186	9	,	,	PUNCT
easat-2335	186	10	we	we	PRON
easat-2335	186	11	can	can	AUX
easat-2335	186	12	discern	discern	VERB
easat-2335	186	13	the	the	DET
easat-2335	186	14	differential	differential	ADJ
easat-2335	186	15	impact	impact	NOUN
easat-2335	186	16	of	of	ADP
easat-2335	186	17	these	these	DET
easat-2335	186	18	variables	variable	NOUN
easat-2335	186	19	across	across	ADP
easat-2335	186	20	the	the	DET
easat-2335	186	21	two	two	NUM
easat-2335	186	22	models	model	NOUN
easat-2335	186	23	.	.	PUNCT
easat-2335	187	1	the	the	DET
easat-2335	187	2	significance	significance	NOUN
easat-2335	187	3	of	of	ADP
easat-2335	187	4	total	total	ADJ
easat-2335	187	5	assets	asset	NOUN
easat-2335	187	6	varies	vary	VERB
easat-2335	187	7	notably	notably	ADV
easat-2335	187	8	across	across	ADP
easat-2335	187	9	the	the	DET
easat-2335	187	10	three	three	NUM
easat-2335	187	11	models	model	NOUN
easat-2335	187	12	.	.	PUNCT
easat-2335	188	1	in	in	ADP
easat-2335	188	2	m1	m1	PROPN
easat-2335	188	3	(	(	PUNCT
easat-2335	188	4	return	return	VERB
easat-2335	188	5	stock	stock	NOUN
easat-2335	188	6	)	)	PUNCT
easat-2335	188	7	,	,	PUNCT
easat-2335	188	8	total	total	ADJ
easat-2335	188	9	assets	asset	NOUN
easat-2335	188	10	is	be	AUX
easat-2335	188	11	not	not	PART
easat-2335	188	12	significant	significant	ADJ
easat-2335	188	13	(	(	PUNCT
easat-2335	188	14	sig	sig	NOUN
easat-2335	188	15	=	=	NOUN
easat-2335	188	16	0.915	0.915	NUM
easat-2335	188	17	)	)	PUNCT
easat-2335	188	18	,	,	PUNCT
easat-2335	188	19	indicating	indicate	VERB
easat-2335	188	20	it	it	PRON
easat-2335	188	21	has	have	VERB
easat-2335	188	22	little	little	ADJ
easat-2335	188	23	explanatory	explanatory	ADJ
easat-2335	188	24	power	power	NOUN
easat-2335	188	25	for	for	ADP
easat-2335	188	26	stock	stock	NOUN
easat-2335	188	27	returns	return	NOUN
easat-2335	188	28	.	.	PUNCT
easat-2335	189	1	however	however	ADV
easat-2335	189	2	,	,	PUNCT
easat-2335	189	3	in	in	ADP
easat-2335	189	4	m2	m2	PROPN
easat-2335	189	5	(	(	PUNCT
easat-2335	189	6	tobin	tobin	PROPN
easat-2335	189	7	's	's	PART
easat-2335	189	8	q	q	NOUN
easat-2335	189	9	)	)	PUNCT
easat-2335	189	10	,	,	PUNCT
easat-2335	189	11	total	total	ADJ
easat-2335	189	12	assets	asset	NOUN
easat-2335	189	13	becomes	become	VERB
easat-2335	189	14	highly	highly	ADV
easat-2335	189	15	significant	significant	ADJ
easat-2335	189	16	(	(	PUNCT
easat-2335	189	17	sig	sig	NOUN
easat-2335	189	18	=	=	NOUN
easat-2335	189	19	0.000	0.000	NUM
easat-2335	189	20	)	)	PUNCT
easat-2335	189	21	,	,	PUNCT
easat-2335	189	22	suggesting	suggest	VERB
easat-2335	189	23	it	it	PRON
easat-2335	189	24	strongly	strongly	ADV
easat-2335	189	25	firm	firm	ADJ
easat-2335	189	26	valuation	valuation	NOUN
easat-2335	189	27	.	.	PUNCT
easat-2335	190	1	for	for	ADP
easat-2335	190	2	m3	m3	PROPN
easat-2335	190	3	(	(	PUNCT
easat-2335	190	4	competitive	competitive	ADJ
easat-2335	190	5	advantage	advantage	NOUN
easat-2335	190	6	)	)	PUNCT
easat-2335	190	7	,	,	PUNCT
easat-2335	190	8	total	total	ADJ
easat-2335	190	9	assets	asset	NOUN
easat-2335	190	10	remains	remain	VERB
easat-2335	190	11	highly	highly	ADV
easat-2335	190	12	significant	significant	ADJ
easat-2335	190	13	(	(	PUNCT
easat-2335	190	14	sig	sig	NOUN
easat-2335	190	15	=	=	NOUN
easat-2335	190	16	0.000	0.000	NUM
easat-2335	190	17	)	)	PUNCT
easat-2335	190	18	,	,	PUNCT
easat-2335	190	19	implying	imply	VERB
easat-2335	190	20	it	it	PRON
easat-2335	190	21	's	be	AUX
easat-2335	190	22	crucial	crucial	ADJ
easat-2335	190	23	for	for	ADP
easat-2335	190	24	a	a	DET
easat-2335	190	25	firm	firm	NOUN
easat-2335	190	26	's	's	PART
easat-2335	190	27	competitive	competitive	ADJ
easat-2335	190	28	position	position	NOUN
easat-2335	190	29	.	.	PUNCT
easat-2335	191	1	this	this	PRON
easat-2335	191	2	aligns	align	VERB
easat-2335	191	3	with	with	ADP
easat-2335	191	4	empirical	empirical	ADJ
easat-2335	191	5	studies	study	NOUN
easat-2335	191	6	showing	show	VERB
easat-2335	191	7	that	that	DET
easat-2335	191	8	firm	firm	ADJ
easat-2335	191	9	size	size	NOUN
easat-2335	191	10	,	,	PUNCT
easat-2335	191	11	often	often	ADV
easat-2335	191	12	proxied	proxie	VERB
easat-2335	191	13	by	by	ADP
easat-2335	191	14	total	total	ADJ
easat-2335	191	15	assets	asset	NOUN
easat-2335	191	16	,	,	PUNCT
easat-2335	191	17	can	can	AUX
easat-2335	191	18	affect	affect	VERB
easat-2335	191	19	market	market	NOUN
easat-2335	191	20	valuation	valuation	NOUN
easat-2335	191	21	and	and	CCONJ
easat-2335	191	22	competitive	competitive	ADJ
easat-2335	191	23	strength	strength	NOUN
easat-2335	191	24	differently	differently	ADV
easat-2335	191	25	than	than	ADP
easat-2335	191	26	stock	stock	NOUN
easat-2335	191	27	returns	return	NOUN
easat-2335	191	28	.	.	PUNCT
easat-2335	192	1	roe	roe	PROPN
easat-2335	192	2	shows	show	VERB
easat-2335	192	3	varying	vary	VERB
easat-2335	192	4	significance	significance	NOUN
easat-2335	192	5	levels	level	NOUN
easat-2335	192	6	across	across	ADP
easat-2335	192	7	models	model	NOUN
easat-2335	192	8	.	.	PUNCT
easat-2335	193	1	it	it	PRON
easat-2335	193	2	's	be	AUX
easat-2335	193	3	significant	significant	ADJ
easat-2335	193	4	in	in	ADP
easat-2335	193	5	m1	m1	PROPN
easat-2335	193	6	(	(	PUNCT
easat-2335	193	7	sig	sig	NOUN
easat-2335	193	8	=	=	NOUN
easat-2335	193	9	0.005	0.005	NUM
easat-2335	193	10	)	)	PUNCT
easat-2335	193	11	and	and	CCONJ
easat-2335	193	12	highly	highly	ADV
easat-2335	193	13	significant	significant	ADJ
easat-2335	193	14	in	in	ADP
easat-2335	193	15	both	both	PRON
easat-2335	193	16	m2	m2	PROPN
easat-2335	193	17	and	and	CCONJ
easat-2335	193	18	m3	m3	PROPN
easat-2335	193	19	(	(	PUNCT
easat-2335	193	20	sig	sig	NOUN
easat-2335	193	21	=	=	PUNCT
easat-2335	193	22	0.000	0.000	NUM
easat-2335	193	23	for	for	ADP
easat-2335	193	24	both	both	PRON
easat-2335	193	25	)	)	PUNCT
easat-2335	193	26	.	.	PUNCT
easat-2335	194	1	this	this	PRON
easat-2335	194	2	suggests	suggest	VERB
easat-2335	194	3	roe	roe	NOUN
easat-2335	194	4	consistently	consistently	ADV
easat-2335	194	5	plays	play	VERB
easat-2335	194	6	a	a	DET
easat-2335	194	7	crucial	crucial	ADJ
easat-2335	194	8	role	role	NOUN
easat-2335	194	9	in	in	ADP
easat-2335	194	10	explaining	explain	VERB
easat-2335	194	11	stock	stock	NOUN
easat-2335	194	12	returns	return	NOUN
easat-2335	194	13	,	,	PUNCT
easat-2335	194	14	firm	firm	ADJ
easat-2335	194	15	valuation	valuation	NOUN
easat-2335	194	16	,	,	PUNCT
easat-2335	194	17	and	and	CCONJ
easat-2335	194	18	competitive	competitive	ADJ
easat-2335	194	19	advantage	advantage	NOUN
easat-2335	194	20	.	.	PUNCT
easat-2335	195	1	the	the	DET
easat-2335	195	2	strong	strong	ADJ
easat-2335	195	3	significance	significance	NOUN
easat-2335	195	4	across	across	ADP
easat-2335	195	5	all	all	DET
easat-2335	195	6	models	model	NOUN
easat-2335	195	7	underscores	underscore	VERB
easat-2335	195	8	roe	roe	NOUN
easat-2335	195	9	's	's	PART
easat-2335	195	10	importance	importance	NOUN
easat-2335	195	11	as	as	ADP
easat-2335	195	12	a	a	DET
easat-2335	195	13	fundamental	fundamental	ADJ
easat-2335	195	14	financial	financial	ADJ
easat-2335	195	15	metric	metric	NOUN
easat-2335	195	16	.	.	PUNCT
easat-2335	196	1	these	these	DET
easat-2335	196	2	findings	finding	NOUN
easat-2335	196	3	are	be	AUX
easat-2335	196	4	consistent	consistent	ADJ
easat-2335	196	5	with	with	ADP
easat-2335	196	6	finance	finance	NOUN
easat-2335	196	7	literature	literature	NOUN
easat-2335	196	8	that	that	PRON
easat-2335	196	9	often	often	ADV
easat-2335	196	10	cites	cite	VERB
easat-2335	196	11	roe	roe	NOUN
easat-2335	196	12	as	as	ADP
easat-2335	196	13	a	a	DET
easat-2335	196	14	key	key	ADJ
easat-2335	196	15	determinant	determinant	NOUN
easat-2335	196	16	of	of	ADP
easat-2335	196	17	firm	firm	ADJ
easat-2335	196	18	performance	performance	NOUN
easat-2335	196	19	and	and	CCONJ
easat-2335	196	20	investor	investor	NOUN
easat-2335	196	21	perceptions	perception	NOUN
easat-2335	196	22	.	.	PUNCT
easat-2335	197	1	dpr	dpr	PROPN
easat-2335	197	2	exhibits	exhibit	VERB
easat-2335	197	3	interesting	interesting	ADJ
easat-2335	197	4	differences	difference	NOUN
easat-2335	197	5	in	in	ADP
easat-2335	197	6	significance	significance	NOUN
easat-2335	197	7	.	.	PUNCT
easat-2335	198	1	it	it	PRON
easat-2335	198	2	's	be	AUX
easat-2335	198	3	highly	highly	ADV
easat-2335	198	4	significant	significant	ADJ
easat-2335	198	5	in	in	ADP
easat-2335	198	6	m1	m1	PROPN
easat-2335	198	7	and	and	CCONJ
easat-2335	198	8	m2	m2	PROPN
easat-2335	198	9	(	(	PUNCT
easat-2335	198	10	sig	sig	NOUN
easat-2335	198	11	=	=	PUNCT
easat-2335	198	12	0.000	0.000	NUM
easat-2335	198	13	for	for	ADP
easat-2335	198	14	both	both	PRON
easat-2335	198	15	)	)	PUNCT
easat-2335	198	16	but	but	CCONJ
easat-2335	198	17	not	not	PART
easat-2335	198	18	significant	significant	ADJ
easat-2335	198	19	in	in	ADP
easat-2335	198	20	m3	m3	PROPN
easat-2335	198	21	(	(	PUNCT
easat-2335	198	22	sig	sig	NOUN
easat-2335	198	23	=	=	NOUN
easat-2335	198	24	0.498	0.498	NUM
easat-2335	198	25	)	)	PUNCT
easat-2335	198	26	.	.	PUNCT
easat-2335	199	1	this	this	PRON
easat-2335	199	2	implies	imply	VERB
easat-2335	199	3	that	that	SCONJ
easat-2335	199	4	while	while	SCONJ
easat-2335	199	5	dividend	dividend	NOUN
easat-2335	199	6	policies	policy	NOUN
easat-2335	199	7	strongly	strongly	ADV
easat-2335	199	8	influence	influence	VERB
easat-2335	199	9	stock	stock	NOUN
easat-2335	199	10	returns	return	NOUN
easat-2335	199	11	and	and	CCONJ
easat-2335	199	12	firm	firm	ADJ
easat-2335	199	13	valuation	valuation	NOUN
easat-2335	199	14	,	,	PUNCT
easat-2335	199	15	they	they	PRON
easat-2335	199	16	may	may	AUX
easat-2335	199	17	not	not	PART
easat-2335	199	18	directly	directly	ADV
easat-2335	199	19	impact	impact	VERB
easat-2335	199	20	a	a	DET
easat-2335	199	21	firm	firm	NOUN
easat-2335	199	22	's	's	PART
easat-2335	199	23	competitive	competitive	ADJ
easat-2335	199	24	advantage	advantage	NOUN
easat-2335	199	25	.	.	PUNCT
easat-2335	200	1	the	the	DET
easat-2335	200	2	contrast	contrast	NOUN
easat-2335	200	3	in	in	ADP
easat-2335	200	4	significance	significance	NOUN
easat-2335	200	5	between	between	ADP
easat-2335	200	6	m2	m2	PROPN
easat-2335	200	7	and	and	CCONJ
easat-2335	200	8	m3	m3	PROPN
easat-2335	200	9	is	be	AUX
easat-2335	200	10	particularly	particularly	ADV
easat-2335	200	11	noteworthy	noteworthy	ADJ
easat-2335	200	12	,	,	PUNCT
easat-2335	200	13	suggesting	suggest	VERB
easat-2335	200	14	that	that	SCONJ
easat-2335	200	15	factors	factor	NOUN
easat-2335	200	16	driving	drive	VERB
easat-2335	200	17	market	market	NOUN
easat-2335	200	18	valuation	valuation	NOUN
easat-2335	200	19	may	may	AUX
easat-2335	200	20	differ	differ	VERB
easat-2335	200	21	from	from	ADP
easat-2335	200	22	those	those	PRON
easat-2335	200	23	creating	create	VERB
easat-2335	200	24	sustainable	sustainable	ADJ
easat-2335	200	25	competitive	competitive	ADJ
easat-2335	200	26	advantages	advantage	NOUN
easat-2335	200	27	.	.	PUNCT
easat-2335	201	1	esg	esg	PROPN
easat-2335	201	2	shows	show	VERB
easat-2335	201	3	consistent	consistent	ADJ
easat-2335	201	4	high	high	ADJ
easat-2335	201	5	significance	significance	NOUN
easat-2335	201	6	across	across	ADP
easat-2335	201	7	all	all	DET
easat-2335	201	8	three	three	NUM
easat-2335	201	9	models	model	NOUN
easat-2335	201	10	(	(	PUNCT
easat-2335	201	11	sig	sig	NOUN
easat-2335	201	12	=	=	PUNCT
easat-2335	201	13	0.000	0.000	NUM
easat-2335	201	14	for	for	ADP
easat-2335	201	15	m1	m1	PROPN
easat-2335	201	16	,	,	PUNCT
easat-2335	201	17	m2	m2	PROPN
easat-2335	201	18	,	,	PUNCT
easat-2335	201	19	and	and	CCONJ
easat-2335	201	20	m3	m3	PROPN
easat-2335	201	21	)	)	PUNCT
easat-2335	201	22	.	.	PUNCT
easat-2335	202	1	this	this	DET
easat-2335	202	2	uniform	uniform	ADJ
easat-2335	202	3	high	high	ADJ
easat-2335	202	4	significance	significance	NOUN
easat-2335	202	5	underscores	underscore	VERB
easat-2335	202	6	the	the	DET
easat-2335	202	7	growing	grow	VERB
easat-2335	202	8	importance	importance	NOUN
easat-2335	202	9	of	of	ADP
easat-2335	202	10	esg	esg	PROPN
easat-2335	202	11	factors	factor	NOUN
easat-2335	202	12	in	in	ADP
easat-2335	202	13	various	various	ADJ
easat-2335	202	14	aspects	aspect	NOUN
easat-2335	202	15	of	of	ADP
easat-2335	202	16	corporate	corporate	ADJ
easat-2335	202	17	performance	performance	NOUN
easat-2335	202	18	and	and	CCONJ
easat-2335	202	19	perception	perception	NOUN
easat-2335	202	20	.	.	PUNCT
easat-2335	203	1	it	it	PRON
easat-2335	203	2	suggests	suggest	VERB
easat-2335	203	3	that	that	SCONJ
easat-2335	203	4	esg	esg	PROPN
easat-2335	203	5	considerations	consideration	NOUN
easat-2335	203	6	are	be	AUX
easat-2335	203	7	integral	integral	ADJ
easat-2335	203	8	not	not	PART
easat-2335	203	9	only	only	ADV
easat-2335	203	10	to	to	ADP
easat-2335	203	11	stock	stock	NOUN
easat-2335	203	12	returns	return	NOUN
easat-2335	203	13	and	and	CCONJ
easat-2335	203	14	firm	firm	ADJ
easat-2335	203	15	valuation	valuation	NOUN
easat-2335	203	16	but	but	CCONJ
easat-2335	203	17	also	also	ADV
easat-2335	203	18	to	to	ADP
easat-2335	203	19	a	a	DET
easat-2335	203	20	company	company	NOUN
easat-2335	203	21	's	's	PART
easat-2335	203	22	competitive	competitive	ADJ
easat-2335	203	23	positioning	positioning	NOUN
easat-2335	203	24	.	.	PUNCT
easat-2335	204	1	this	this	PRON
easat-2335	204	2	aligns	align	VERB
easat-2335	204	3	with	with	ADP
easat-2335	204	4	recent	recent	ADJ
easat-2335	204	5	research	research	NOUN
easat-2335	204	6	highlighting	highlight	VERB
easat-2335	204	7	the	the	DET
easat-2335	204	8	increasing	increase	VERB
easat-2335	204	9	relevance	relevance	NOUN
easat-2335	204	10	of	of	ADP
easat-2335	204	11	esg	esg	PROPN
easat-2335	204	12	factors	factor	NOUN
easat-2335	204	13	in	in	ADP
easat-2335	204	14	financial	financial	ADJ
easat-2335	204	15	markets	market	NOUN
easat-2335	204	16	and	and	CCONJ
easat-2335	204	17	corporate	corporate	ADJ
easat-2335	204	18	strategy	strategy	NOUN
easat-2335	204	19	.	.	PUNCT
easat-2335	205	1	the	the	DET
easat-2335	205	2	study	study	NOUN
easat-2335	205	3	reveals	reveal	VERB
easat-2335	205	4	that	that	SCONJ
easat-2335	205	5	while	while	SCONJ
easat-2335	205	6	some	some	DET
easat-2335	205	7	factors	factor	NOUN
easat-2335	205	8	like	like	ADP
easat-2335	205	9	esg	esg	NOUN
easat-2335	205	10	show	show	VERB
easat-2335	205	11	consistent	consistent	ADJ
easat-2335	205	12	importance	importance	NOUN
easat-2335	205	13	across	across	ADP
easat-2335	205	14	different	different	ADJ
easat-2335	205	15	performance	performance	NOUN
easat-2335	205	16	measures	measure	NOUN
easat-2335	205	17	,	,	PUNCT
easat-2335	205	18	others	other	NOUN
easat-2335	205	19	like	like	ADP
easat-2335	205	20	total	total	ADJ
easat-2335	205	21	assets	asset	NOUN
easat-2335	205	22	and	and	CCONJ
easat-2335	205	23	dpr	dpr	PROPN
easat-2335	205	24	vary	vary	VERB
easat-2335	205	25	in	in	ADP
easat-2335	205	26	their	their	PRON
easat-2335	205	27	impact	impact	NOUN
easat-2335	205	28	.	.	PUNCT
easat-2335	206	1	these	these	DET
easat-2335	206	2	findings	finding	NOUN
easat-2335	206	3	highlight	highlight	VERB
easat-2335	206	4	the	the	DET
easat-2335	206	5	complex	complex	ADJ
easat-2335	206	6	interplay	interplay	NOUN
easat-2335	206	7	between	between	ADP
easat-2335	206	8	financial	financial	ADJ
easat-2335	206	9	metrics	metric	NOUN
easat-2335	206	10	and	and	CCONJ
easat-2335	206	11	different	different	ADJ
easat-2335	206	12	aspects	aspect	NOUN
easat-2335	206	13	of	of	ADP
easat-2335	206	14	corporate	corporate	ADJ
easat-2335	206	15	performance	performance	NOUN
easat-2335	206	16	,	,	PUNCT
easat-2335	206	17	emphasizing	emphasize	VERB
easat-2335	206	18	the	the	DET
easat-2335	206	19	need	need	NOUN
easat-2335	206	20	for	for	ADP
easat-2335	206	21	nuanced	nuanced	ADJ
easat-2335	206	22	approaches	approach	NOUN
easat-2335	206	23	in	in	ADP
easat-2335	206	24	financial	financial	ADJ
easat-2335	206	25	analysis	analysis	NOUN
easat-2335	206	26	and	and	CCONJ
easat-2335	206	27	strategic	strategic	ADJ
easat-2335	206	28	decisionmaking	decisionmaking	NOUN
easat-2335	206	29	.	.	PUNCT
easat-2335	207	1	table	table	NOUN
easat-2335	207	2	6	6	NUM
easat-2335	207	3	.	.	PUNCT
easat-2335	207	4	model	model	PROPN
easat-2335	207	5	comparison	comparison	NOUN
easat-2335	207	6	.	.	PUNCT
easat-2335	208	1	std	std	NOUN
easat-2335	208	2	coef	coef	PROPN
easat-2335	208	3	beta	beta	PROPN
easat-2335	208	4	t	t	PROPN
easat-2335	208	5	sig	sig	PROPN
easat-2335	208	6	std	std	PROPN
easat-2335	208	7	.	.	PUNCT
easat-2335	209	1	coef	coef	PROPN
easat-2335	209	2	beta	beta	PROPN
easat-2335	209	3	t	t	PROPN
easat-2335	209	4	sig	sig	PROPN
easat-2335	209	5	std	std	PROPN
easat-2335	209	6	.	.	PUNCT
easat-2335	210	1	coef	coef	PROPN
easat-2335	210	2	beta	beta	PROPN
easat-2335	210	3	t	t	PROPN
easat-2335	210	4	sig	sig	PROPN
easat-2335	210	5	.	.	PUNCT
easat-2335	211	1	m1	m1	PROPN
easat-2335	211	2	return	return	VERB
easat-2335	211	3	stock	stock	NOUN
easat-2335	211	4	m2	m2	PROPN
easat-2335	211	5	tobin	tobin	PROPN
easat-2335	211	6	's	's	PART
easat-2335	211	7	q	q	PROPN
easat-2335	211	8	m3	m3	PROPN
easat-2335	211	9	competitive	competitive	ADJ
easat-2335	211	10	advantage	advantage	NOUN
easat-2335	211	11	(	(	PUNCT
easat-2335	211	12	ca	ca	NOUN
easat-2335	211	13	)	)	PUNCT
easat-2335	211	14	constant	constant	ADJ
easat-2335	211	15	11.259	11.259	NUM
easat-2335	211	16	0.000	0.000	NUM
easat-2335	211	17	*	*	PUNCT
easat-2335	212	1	36.949	36.949	NUM
easat-2335	212	2	0.000	0.000	NUM
easat-2335	212	3	*	*	PUNCT
easat-2335	213	1	--10.578	--10.578	NOUN
easat-2335	213	2	0.000	0.000	NUM
easat-2335	213	3	*	*	PUNCT
easat-2335	213	4	total	total	ADJ
easat-2335	213	5	assets	asset	NOUN
easat-2335	213	6	0.004	0.004	NUM
easat-2335	213	7	0.107	0.107	NUM
easat-2335	213	8	0.915	0.915	NUM
easat-2335	213	9	-0.248	-0.248	PUNCT
easat-2335	213	10	-18.199	-18.199	PUNCT
easat-2335	213	11	0.000	0.000	NUM
easat-2335	213	12	*	*	PUNCT
easat-2335	214	1	0.085	0.085	NUM
easat-2335	214	2	8.685	8.685	NUM
easat-2335	214	3	0.000	0.000	NUM
easat-2335	214	4	*	*	PUNCT
easat-2335	214	5	roe	roe	NOUN
easat-2335	214	6	-0.095	-0.095	NOUN
easat-2335	214	7	-2.895	-2.895	PROPN
easat-2335	214	8	0.005	0.005	NUM
easat-2335	214	9	*	*	PUNCT
easat-2335	214	10	0.053	0.053	NUM
easat-2335	214	11	3.920	3.920	NUM
easat-2335	214	12	0.000	0.000	NUM
easat-2335	214	13	*	*	PUNCT
easat-2335	214	14	-0.201	-0.201	NOUN
easat-2335	214	15	-20.414	-20.414	PUNCT
easat-2335	215	1	0.000	0.000	NUM
easat-2335	215	2	*	*	PUNCT
easat-2335	215	3	dpr	dpr	PROPN
easat-2335	215	4	-0.134	-0.134	X
easat-2335	215	5	-4.141	-4.141	PUNCT
easat-2335	215	6	0.000	0.000	NUM
easat-2335	215	7	*	*	PUNCT
easat-2335	215	8	-0.114	-0.114	SYM
easat-2335	215	9	-8.495	-8.495	PROPN
easat-2335	215	10	0.000	0.000	NUM
easat-2335	215	11	*	*	PUNCT
easat-2335	215	12	0.007	0.007	NUM
easat-2335	215	13	0.681	0.681	NUM
easat-2335	215	14	0.498	0.498	NUM
easat-2335	215	15	esg	esg	NOUN
easat-2335	215	16	-0.953	-0.953	PROPN
easat-2335	216	1	-29.316	-29.316	PROPN
easat-2335	217	1	0.000	0.000	NUM
easat-2335	217	2	*	*	PUNCT
easat-2335	218	1	-0.944	-0.944	ADJ
easat-2335	218	2	-70.480	-70.480	NOUN
easat-2335	219	1	0.000	0.000	NUM
easat-2335	219	2	*	*	PUNCT
easat-2335	219	3	-0.969	-0.969	X
easat-2335	219	4	-100.182	-100.182	PROPN
easat-2335	220	1	0.000	0.000	NUM
easat-2335	220	2	*	*	PUNCT
easat-2335	220	3	table	table	NOUN
easat-2335	220	4	7	7	NUM
easat-2335	220	5	.	.	PUNCT
easat-2335	220	6	showed	show	VERB
easat-2335	220	7	,	,	PUNCT
easat-2335	220	8	the	the	DET
easat-2335	220	9	adjusted	adjusted	ADJ
easat-2335	220	10	r	r	NOUN
easat-2335	220	11	-	-	PUNCT
easat-2335	220	12	square	square	ADJ
easat-2335	220	13	values	value	NOUN
easat-2335	220	14	for	for	ADP
easat-2335	220	15	the	the	DET
easat-2335	220	16	three	three	NUM
easat-2335	220	17	models	model	NOUN
easat-2335	220	18	(	(	PUNCT
easat-2335	220	19	m1	m1	NOUN
easat-2335	220	20	,	,	PUNCT
easat-2335	220	21	m2	m2	PROPN
easat-2335	220	22	,	,	PUNCT
easat-2335	220	23	and	and	CCONJ
easat-2335	220	24	m3	m3	PROPN
easat-2335	220	25	)	)	PUNCT
easat-2335	220	26	show	show	VERB
easat-2335	220	27	notable	notable	ADJ
easat-2335	220	28	differences	difference	NOUN
easat-2335	220	29	in	in	ADP
easat-2335	220	30	their	their	PRON
easat-2335	220	31	explanatory	explanatory	ADJ
easat-2335	220	32	power	power	NOUN
easat-2335	220	33	for	for	ADP
easat-2335	220	34	different	different	ADJ
easat-2335	220	35	aspects	aspect	NOUN
easat-2335	220	36	of	of	ADP
easat-2335	220	37	firm	firm	ADJ
easat-2335	220	38	performance	performance	NOUN
easat-2335	220	39	.	.	PUNCT
easat-2335	221	1	m1	m1	NOUN
easat-2335	221	2	(	(	PUNCT
easat-2335	221	3	return	return	VERB
easat-2335	221	4	stock	stock	NOUN
easat-2335	221	5	)	)	PUNCT
easat-2335	221	6	has	have	VERB
easat-2335	221	7	1744	1744	NUM
easat-2335	221	8	edelweiss	edelweiss	PROPN
easat-2335	221	9	applied	apply	VERB
easat-2335	221	10	science	science	NOUN
easat-2335	221	11	and	and	CCONJ
easat-2335	221	12	technology	technology	NOUN
easat-2335	221	13	issn	issn	PROPN
easat-2335	221	14	:	:	PUNCT
easat-2335	221	15	2576	2576	NUM
easat-2335	221	16	-	-	SYM
easat-2335	221	17	8484	8484	NUM
easat-2335	221	18	vol	vol	NOUN
easat-2335	221	19	.	.	PROPN
easat-2335	221	20	8	8	NUM
easat-2335	221	21	,	,	PUNCT
easat-2335	221	22	no	no	INTJ
easat-2335	221	23	.	.	NOUN
easat-2335	221	24	6	6	NUM
easat-2335	221	25	:	:	SYM
easat-2335	221	26	1735	1735	NUM
easat-2335	221	27	-	-	SYM
easat-2335	221	28	1750	1750	NUM
easat-2335	221	29	,	,	PUNCT
easat-2335	221	30	2024	2024	NUM
easat-2335	221	31	doi	doi	NOUN
easat-2335	221	32	:	:	PUNCT
easat-2335	221	33	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	221	34	©	©	PROPN
easat-2335	221	35	2024	2024	NUM
easat-2335	221	36	by	by	ADP
easat-2335	221	37	the	the	DET
easat-2335	221	38	authors	author	NOUN
easat-2335	221	39	;	;	PUNCT
easat-2335	221	40	licensee	licensee	PROPN
easat-2335	221	41	learning	learning	NOUN
easat-2335	221	42	gate	gate	VERB
easat-2335	221	43	an	an	DET
easat-2335	221	44	adjusted	adjusted	ADJ
easat-2335	221	45	r	r	NOUN
easat-2335	221	46	-	-	NOUN
easat-2335	221	47	square	square	NOUN
easat-2335	221	48	of	of	ADP
easat-2335	221	49	0.910	0.910	NUM
easat-2335	221	50	,	,	PUNCT
easat-2335	221	51	indicating	indicate	VERB
easat-2335	221	52	that	that	SCONJ
easat-2335	221	53	the	the	DET
easat-2335	221	54	model	model	NOUN
easat-2335	221	55	explains	explain	VERB
easat-2335	221	56	91	91	NUM
easat-2335	221	57	%	%	NOUN
easat-2335	221	58	of	of	ADP
easat-2335	221	59	the	the	DET
easat-2335	221	60	variance	variance	NOUN
easat-2335	221	61	in	in	ADP
easat-2335	221	62	stock	stock	NOUN
easat-2335	221	63	returns	return	NOUN
easat-2335	221	64	.	.	PUNCT
easat-2335	222	1	this	this	DET
easat-2335	222	2	high	high	ADJ
easat-2335	222	3	value	value	NOUN
easat-2335	222	4	suggests	suggest	VERB
easat-2335	222	5	that	that	SCONJ
easat-2335	222	6	the	the	DET
easat-2335	222	7	combination	combination	NOUN
easat-2335	222	8	of	of	ADP
easat-2335	222	9	esg	esg	PROPN
easat-2335	222	10	,	,	PUNCT
easat-2335	222	11	total	total	ADJ
easat-2335	222	12	assets	asset	NOUN
easat-2335	222	13	,	,	PUNCT
easat-2335	222	14	roe	roe	NOUN
easat-2335	222	15	,	,	PUNCT
easat-2335	222	16	and	and	CCONJ
easat-2335	222	17	dpr	dpr	PROPN
easat-2335	222	18	strongly	strongly	ADV
easat-2335	222	19	predicts	predict	VERB
easat-2335	222	20	stock	stock	NOUN
easat-2335	222	21	performance	performance	NOUN
easat-2335	222	22	.	.	PUNCT
easat-2335	223	1	however	however	ADV
easat-2335	223	2	,	,	PUNCT
easat-2335	223	3	it	it	PRON
easat-2335	223	4	leaves	leave	VERB
easat-2335	223	5	about	about	ADV
easat-2335	223	6	9	9	NUM
easat-2335	223	7	%	%	NOUN
easat-2335	223	8	of	of	ADP
easat-2335	223	9	the	the	DET
easat-2335	223	10	variance	variance	NOUN
easat-2335	223	11	unexplained	unexplaine	VERB
easat-2335	223	12	,	,	PUNCT
easat-2335	223	13	which	which	PRON
easat-2335	223	14	could	could	AUX
easat-2335	223	15	be	be	AUX
easat-2335	223	16	attributed	attribute	VERB
easat-2335	223	17	to	to	ADP
easat-2335	223	18	market	market	NOUN
easat-2335	223	19	factors	factor	NOUN
easat-2335	223	20	or	or	CCONJ
easat-2335	223	21	other	other	ADJ
easat-2335	223	22	variables	variable	NOUN
easat-2335	223	23	not	not	PART
easat-2335	223	24	included	include	VERB
easat-2335	223	25	in	in	ADP
easat-2335	223	26	the	the	DET
easat-2335	223	27	model	model	NOUN
easat-2335	223	28	.	.	PUNCT
easat-2335	224	1	m2	m2	PROPN
easat-2335	224	2	(	(	PUNCT
easat-2335	224	3	tobin	tobin	PROPN
easat-2335	224	4	's	's	PART
easat-2335	224	5	q	q	NOUN
easat-2335	224	6	)	)	PUNCT
easat-2335	224	7	shows	show	VERB
easat-2335	224	8	an	an	DET
easat-2335	224	9	even	even	ADV
easat-2335	224	10	higher	high	ADJ
easat-2335	224	11	adjusted	adjust	VERB
easat-2335	224	12	r	r	NOUN
easat-2335	224	13	-	-	NOUN
easat-2335	224	14	square	square	NOUN
easat-2335	224	15	of	of	ADP
easat-2335	224	16	0.984	0.984	NUM
easat-2335	224	17	,	,	PUNCT
easat-2335	224	18	explaining	explain	VERB
easat-2335	224	19	98.4	98.4	NUM
easat-2335	224	20	%	%	NOUN
easat-2335	224	21	of	of	ADP
easat-2335	224	22	the	the	DET
easat-2335	224	23	variance	variance	NOUN
easat-2335	224	24	in	in	ADP
easat-2335	224	25	tobin	tobin	PROPN
easat-2335	224	26	's	's	PART
easat-2335	224	27	q.	q.	NOUN
easat-2335	224	28	this	this	DET
easat-2335	224	29	exceptionally	exceptionally	ADV
easat-2335	224	30	high	high	ADJ
easat-2335	224	31	value	value	NOUN
easat-2335	224	32	implies	imply	VERB
easat-2335	224	33	that	that	SCONJ
easat-2335	224	34	the	the	DET
easat-2335	224	35	selected	select	VERB
easat-2335	224	36	variables	variable	NOUN
easat-2335	224	37	are	be	AUX
easat-2335	224	38	particularly	particularly	ADV
easat-2335	224	39	effective	effective	ADJ
easat-2335	224	40	in	in	ADP
easat-2335	224	41	predicting	predict	VERB
easat-2335	224	42	firm	firm	ADJ
easat-2335	224	43	valuation	valuation	NOUN
easat-2335	224	44	.	.	PUNCT
easat-2335	225	1	the	the	DET
easat-2335	225	2	model	model	NOUN
easat-2335	225	3	's	's	PART
easat-2335	225	4	explanatory	explanatory	ADJ
easat-2335	225	5	power	power	NOUN
easat-2335	225	6	for	for	ADP
easat-2335	225	7	tobin	tobin	NOUN
easat-2335	225	8	's	's	PART
easat-2335	225	9	q	q	NOUN
easat-2335	225	10	surpasses	surpasse	NOUN
easat-2335	225	11	that	that	SCONJ
easat-2335	225	12	for	for	ADP
easat-2335	225	13	stock	stock	NOUN
easat-2335	225	14	returns	return	NOUN
easat-2335	225	15	,	,	PUNCT
easat-2335	225	16	suggesting	suggest	VERB
easat-2335	225	17	these	these	DET
easat-2335	225	18	factors	factor	NOUN
easat-2335	225	19	may	may	AUX
easat-2335	225	20	be	be	AUX
easat-2335	225	21	more	more	ADV
easat-2335	225	22	directly	directly	ADV
easat-2335	225	23	linked	link	VERB
easat-2335	225	24	to	to	ADP
easat-2335	225	25	market	market	NOUN
easat-2335	225	26	valuation	valuation	NOUN
easat-2335	225	27	than	than	ADP
easat-2335	225	28	to	to	ADP
easat-2335	225	29	short	short	ADJ
easat-2335	225	30	-	-	PUNCT
easat-2335	225	31	term	term	NOUN
easat-2335	225	32	stock	stock	NOUN
easat-2335	225	33	performance	performance	NOUN
easat-2335	225	34	.	.	PUNCT
easat-2335	226	1	m3	m3	PROPN
easat-2335	226	2	(	(	PUNCT
easat-2335	226	3	competitive	competitive	ADJ
easat-2335	226	4	advantage	advantage	NOUN
easat-2335	226	5	)	)	PUNCT
easat-2335	226	6	demonstrates	demonstrate	VERB
easat-2335	226	7	the	the	DET
easat-2335	226	8	highest	high	ADJ
easat-2335	226	9	adjusted	adjust	VERB
easat-2335	226	10	r	r	NOUN
easat-2335	226	11	-	-	NOUN
easat-2335	226	12	square	square	NOUN
easat-2335	226	13	at	at	ADP
easat-2335	226	14	0.992	0.992	NUM
easat-2335	226	15	,	,	PUNCT
easat-2335	226	16	explaining	explain	VERB
easat-2335	226	17	99.2	99.2	NUM
easat-2335	226	18	%	%	NOUN
easat-2335	226	19	of	of	ADP
easat-2335	226	20	the	the	DET
easat-2335	226	21	variance	variance	NOUN
easat-2335	226	22	in	in	ADP
easat-2335	226	23	competitive	competitive	ADJ
easat-2335	226	24	advantage	advantage	NOUN
easat-2335	226	25	.	.	PUNCT
easat-2335	227	1	this	this	DET
easat-2335	227	2	near	near	ADV
easat-2335	227	3	-	-	PUNCT
easat-2335	227	4	perfect	perfect	ADJ
easat-2335	227	5	fit	fit	NOUN
easat-2335	227	6	indicates	indicate	VERB
easat-2335	227	7	that	that	SCONJ
easat-2335	227	8	esg	esg	NOUN
easat-2335	227	9	,	,	PUNCT
easat-2335	227	10	total	total	ADJ
easat-2335	227	11	assets	asset	NOUN
easat-2335	227	12	,	,	PUNCT
easat-2335	227	13	roe	roe	NOUN
easat-2335	227	14	,	,	PUNCT
easat-2335	227	15	and	and	CCONJ
easat-2335	227	16	dpr	dpr	PROPN
easat-2335	227	17	are	be	AUX
easat-2335	227	18	crucial	crucial	ADJ
easat-2335	227	19	determinants	determinant	NOUN
easat-2335	227	20	of	of	ADP
easat-2335	227	21	a	a	DET
easat-2335	227	22	firm	firm	NOUN
easat-2335	227	23	's	's	PART
easat-2335	227	24	competitive	competitive	ADJ
easat-2335	227	25	position	position	NOUN
easat-2335	227	26	.	.	PUNCT
easat-2335	228	1	the	the	DET
easat-2335	228	2	marginally	marginally	ADV
easat-2335	228	3	higher	high	ADJ
easat-2335	228	4	explanatory	explanatory	ADJ
easat-2335	228	5	power	power	NOUN
easat-2335	228	6	compared	compare	VERB
easat-2335	228	7	to	to	ADP
easat-2335	228	8	m2	m2	PROPN
easat-2335	228	9	suggests	suggest	VERB
easat-2335	228	10	these	these	DET
easat-2335	228	11	factors	factor	NOUN
easat-2335	228	12	might	might	AUX
easat-2335	228	13	be	be	AUX
easat-2335	228	14	slightly	slightly	ADV
easat-2335	228	15	more	more	ADV
easat-2335	228	16	relevant	relevant	ADJ
easat-2335	228	17	for	for	ADP
easat-2335	228	18	long	long	ADJ
easat-2335	228	19	-	-	PUNCT
easat-2335	228	20	term	term	NOUN
easat-2335	228	21	competitive	competitive	ADJ
easat-2335	228	22	advantage	advantage	NOUN
easat-2335	228	23	than	than	ADP
easat-2335	228	24	for	for	ADP
easat-2335	228	25	market	market	NOUN
easat-2335	228	26	valuation	valuation	NOUN
easat-2335	228	27	.	.	PUNCT
easat-2335	229	1	table	table	NOUN
easat-2335	229	2	7	7	NUM
easat-2335	229	3	.	.	PUNCT
easat-2335	230	1	regression	regression	NOUN
easat-2335	230	2	results	result	VERB
easat-2335	230	3	model	model	PROPN
easat-2335	230	4	summary	summary	PROPN
easat-2335	230	5	m1	m1	PROPN
easat-2335	230	6	,	,	PUNCT
easat-2335	230	7	m2	m2	PROPN
easat-2335	230	8	&	&	CCONJ
easat-2335	230	9	m3	m3	PROPN
easat-2335	230	10	.	.	PUNCT
easat-2335	231	1	model	model	NOUN
easat-2335	231	2	regression	regression	NOUN
easat-2335	231	3	rsquare	rsquare	NOUN
easat-2335	231	4	adjusted	adjust	VERB
easat-2335	231	5	r	r	NOUN
easat-2335	231	6	-	-	PUNCT
easat-2335	231	7	square	square	ADJ
easat-2335	231	8	std	std	NOUN
easat-2335	231	9	.	.	PUNCT
easat-2335	232	1	error	error	NOUN
easat-2335	232	2	predictor	predictor	NOUN
easat-2335	232	3	m1	m1	PROPN
easat-2335	232	4	return	return	VERB
easat-2335	232	5	stock	stock	NOUN
easat-2335	232	6	0.914	0.914	NUM
easat-2335	232	7	0.910	0.910	NUM
easat-2335	232	8	0.1775	0.1775	NUM
easat-2335	232	9	rs	rs	NOUN
easat-2335	233	1	=	=	SYM
easat-2335	233	2	β0	β0	PROPN
easat-2335	233	3	+	+	CCONJ
easat-2335	233	4	β1esg	β1esg	PROPN
easat-2335	234	1	+	+	CCONJ
easat-2335	234	2	β2ta	β2ta	PUNCT
easat-2335	235	1	+	+	NUM
easat-2335	235	2	β3roe	β3roe	NUM
easat-2335	236	1	+	+	CCONJ
easat-2335	236	2	β4dpr	β4dpr	PUNCT
easat-2335	237	1	+	+	CCONJ
easat-2335	237	2	e	e	PROPN
easat-2335	237	3	m2	m2	PROPN
easat-2335	237	4	tobin	tobin	PROPN
easat-2335	237	5	's	's	PART
easat-2335	237	6	q	q	NOUN
easat-2335	237	7	0.985	0.985	NUM
easat-2335	237	8	0.984	0.984	NUM
easat-2335	237	9	0.2047	0.2047	NUM
easat-2335	237	10	tobin	tobin	NOUN
easat-2335	237	11	's	's	PART
easat-2335	237	12	q	q	NOUN
easat-2335	237	13	=	=	PUNCT
easat-2335	237	14	β0	β0	PROPN
easat-2335	237	15	+	+	CCONJ
easat-2335	237	16	β1esg	β1esg	PROPN
easat-2335	238	1	+	+	CCONJ
easat-2335	238	2	β2ta	β2ta	PUNCT
easat-2335	239	1	+	+	NUM
easat-2335	239	2	β3roe	β3roe	NUM
easat-2335	240	1	+	+	CCONJ
easat-2335	240	2	β4dpr	β4dpr	PUNCT
easat-2335	241	1	+	+	NUM
easat-2335	241	2	e	e	NOUN
easat-2335	241	3	m3	m3	PROPN
easat-2335	241	4	competitive	competitive	ADJ
easat-2335	241	5	advantage	advantage	NOUN
easat-2335	241	6	(	(	PUNCT
easat-2335	241	7	ca	ca	NOUN
easat-2335	241	8	)	)	PUNCT
easat-2335	241	9	0.992	0.992	NUM
easat-2335	241	10	0.992	0.992	NUM
easat-2335	241	11	1,4280	1,4280	NUM
easat-2335	241	12	ca	ca	NOUN
easat-2335	241	13	=	=	SYM
easat-2335	241	14	β0	β0	PROPN
easat-2335	241	15	+	+	CCONJ
easat-2335	241	16	β1esg	β1esg	PROPN
easat-2335	242	1	+	+	CCONJ
easat-2335	242	2	β2ta	β2ta	PUNCT
easat-2335	243	1	+	+	NUM
easat-2335	243	2	β3roe	β3roe	NUM
easat-2335	244	1	+	+	CCONJ
easat-2335	244	2	β4dpr	β4dpr	PUNCT
easat-2335	245	1	+	+	CCONJ
easat-2335	245	2	e	e	NOUN
easat-2335	245	3	4.4	4.4	NUM
easat-2335	245	4	.	.	PUNCT
easat-2335	245	5	model	model	PROPN
easat-2335	245	6	1	1	NUM
easat-2335	245	7	:	:	PUNCT
easat-2335	245	8	impact	impact	NOUN
easat-2335	245	9	of	of	ADP
easat-2335	245	10	esg	esg	PROPN
easat-2335	245	11	disclosure	disclosure	NOUN
easat-2335	245	12	on	on	ADP
easat-2335	245	13	stock	stock	NOUN
easat-2335	245	14	returns	return	NOUN
easat-2335	245	15	table	table	VERB
easat-2335	245	16	8	8	NUM
easat-2335	245	17	.	.	PUNCT
easat-2335	246	1	presents	present	NOUN
easat-2335	246	2	,	,	PUNCT
easat-2335	246	3	the	the	DET
easat-2335	246	4	results	result	NOUN
easat-2335	246	5	of	of	ADP
easat-2335	246	6	a	a	DET
easat-2335	246	7	regression	regression	NOUN
easat-2335	246	8	analysis	analysis	NOUN
easat-2335	246	9	examining	examine	VERB
easat-2335	246	10	the	the	DET
easat-2335	246	11	impact	impact	NOUN
easat-2335	246	12	of	of	ADP
easat-2335	246	13	various	various	ADJ
easat-2335	246	14	factors	factor	NOUN
easat-2335	246	15	on	on	ADP
easat-2335	246	16	stock	stock	NOUN
easat-2335	246	17	returns	return	NOUN
easat-2335	246	18	.	.	PUNCT
easat-2335	247	1	the	the	DET
easat-2335	247	2	constant	constant	ADJ
easat-2335	247	3	term	term	NOUN
easat-2335	247	4	(	(	PUNCT
easat-2335	247	5	2.717	2.717	NUM
easat-2335	247	6	)	)	PUNCT
easat-2335	247	7	is	be	AUX
easat-2335	247	8	statistically	statistically	ADV
easat-2335	247	9	significant	significant	ADJ
easat-2335	247	10	(	(	PUNCT
easat-2335	247	11	p	p	X
easat-2335	247	12	<	<	X
easat-2335	247	13	0.001	0.001	NUM
easat-2335	247	14	)	)	PUNCT
easat-2335	247	15	,	,	PUNCT
easat-2335	247	16	indicating	indicate	VERB
easat-2335	247	17	a	a	DET
easat-2335	247	18	baseline	baseline	ADJ
easat-2335	247	19	level	level	NOUN
easat-2335	247	20	of	of	ADP
easat-2335	247	21	stock	stock	NOUN
easat-2335	247	22	returns	return	NOUN
easat-2335	247	23	when	when	SCONJ
easat-2335	247	24	all	all	DET
easat-2335	247	25	other	other	ADJ
easat-2335	247	26	variables	variable	NOUN
easat-2335	247	27	are	be	AUX
easat-2335	247	28	zero	zero	NUM
easat-2335	247	29	.	.	PUNCT
easat-2335	248	1	total	total	ADJ
easat-2335	248	2	assets	asset	NOUN
easat-2335	248	3	has	have	VERB
easat-2335	248	4	a	a	DET
easat-2335	248	5	minimal	minimal	ADJ
easat-2335	248	6	positive	positive	ADJ
easat-2335	248	7	effect	effect	NOUN
easat-2335	248	8	(	(	PUNCT
easat-2335	248	9	0.001	0.001	NUM
easat-2335	248	10	)	)	PUNCT
easat-2335	248	11	on	on	ADP
easat-2335	248	12	stock	stock	NOUN
easat-2335	248	13	returns	return	NOUN
easat-2335	248	14	and	and	CCONJ
easat-2335	248	15	is	be	AUX
easat-2335	248	16	not	not	PART
easat-2335	248	17	statistically	statistically	ADV
easat-2335	248	18	significant	significant	ADJ
easat-2335	248	19	(	(	PUNCT
easat-2335	248	20	p	p	X
easat-2335	248	21	=	=	NOUN
easat-2335	248	22	0.915	0.915	NUM
easat-2335	248	23	)	)	PUNCT
easat-2335	248	24	.	.	PUNCT
easat-2335	249	1	this	this	PRON
easat-2335	249	2	suggests	suggest	VERB
easat-2335	249	3	that	that	SCONJ
easat-2335	249	4	company	company	NOUN
easat-2335	249	5	size	size	NOUN
easat-2335	249	6	,	,	PUNCT
easat-2335	249	7	as	as	SCONJ
easat-2335	249	8	measured	measure	VERB
easat-2335	249	9	by	by	ADP
easat-2335	249	10	total	total	ADJ
easat-2335	249	11	assets	asset	NOUN
easat-2335	249	12	,	,	PUNCT
easat-2335	249	13	does	do	AUX
easat-2335	249	14	not	not	PART
easat-2335	249	15	significantly	significantly	ADV
easat-2335	249	16	influence	influence	VERB
easat-2335	249	17	stock	stock	NOUN
easat-2335	249	18	returns	return	NOUN
easat-2335	249	19	in	in	ADP
easat-2335	249	20	this	this	DET
easat-2335	249	21	model	model	NOUN
easat-2335	249	22	.	.	PUNCT
easat-2335	250	1	return	return	VERB
easat-2335	250	2	on	on	ADP
easat-2335	250	3	equity	equity	NOUN
easat-2335	250	4	(	(	PUNCT
easat-2335	250	5	roe	roe	PROPN
easat-2335	250	6	)	)	PUNCT
easat-2335	250	7	shows	show	VERB
easat-2335	250	8	a	a	DET
easat-2335	250	9	small	small	ADJ
easat-2335	250	10	negative	negative	ADJ
easat-2335	250	11	impact	impact	NOUN
easat-2335	250	12	(	(	PUNCT
easat-2335	250	13	-0.007	-0.007	PUNCT
easat-2335	250	14	)	)	PUNCT
easat-2335	250	15	and	and	CCONJ
easat-2335	250	16	is	be	AUX
easat-2335	250	17	statistically	statistically	ADV
easat-2335	250	18	significant	significant	ADJ
easat-2335	250	19	(	(	PUNCT
easat-2335	250	20	p	p	NOUN
easat-2335	250	21	=	=	NOUN
easat-2335	250	22	0.005	0.005	NUM
easat-2335	250	23	)	)	PUNCT
easat-2335	250	24	.	.	PUNCT
easat-2335	251	1	this	this	DET
easat-2335	251	2	unexpected	unexpected	ADJ
easat-2335	251	3	negative	negative	ADJ
easat-2335	251	4	relationship	relationship	NOUN
easat-2335	251	5	might	might	AUX
easat-2335	251	6	indicate	indicate	VERB
easat-2335	251	7	that	that	SCONJ
easat-2335	251	8	higher	high	ADJ
easat-2335	251	9	profitability	profitability	NOUN
easat-2335	251	10	is	be	AUX
easat-2335	251	11	not	not	PART
easat-2335	251	12	necessarily	necessarily	ADV
easat-2335	251	13	translating	translate	VERB
easat-2335	251	14	into	into	ADP
easat-2335	251	15	higher	high	ADJ
easat-2335	251	16	stock	stock	NOUN
easat-2335	251	17	returns	return	NOUN
easat-2335	251	18	in	in	ADP
easat-2335	251	19	this	this	DET
easat-2335	251	20	sample	sample	NOUN
easat-2335	251	21	.	.	PUNCT
easat-2335	252	1	the	the	DET
easat-2335	252	2	dividend	dividend	NOUN
easat-2335	252	3	payout	payout	NOUN
easat-2335	252	4	ratio	ratio	NOUN
easat-2335	252	5	(	(	PUNCT
easat-2335	252	6	dpr	dpr	PROPN
easat-2335	252	7	)	)	PUNCT
easat-2335	252	8	has	have	VERB
easat-2335	252	9	a	a	DET
easat-2335	252	10	negative	negative	ADJ
easat-2335	252	11	effect	effect	NOUN
easat-2335	252	12	(	(	PUNCT
easat-2335	252	13	0.022	0.022	NUM
easat-2335	252	14	)	)	PUNCT
easat-2335	252	15	and	and	CCONJ
easat-2335	252	16	is	be	AUX
easat-2335	252	17	highly	highly	ADV
easat-2335	252	18	significant	significant	ADJ
easat-2335	252	19	(	(	PUNCT
easat-2335	252	20	p	p	X
easat-2335	252	21	<	<	X
easat-2335	252	22	0.001	0.001	NUM
easat-2335	252	23	)	)	PUNCT
easat-2335	252	24	.	.	PUNCT
easat-2335	253	1	this	this	PRON
easat-2335	253	2	suggests	suggest	VERB
easat-2335	253	3	that	that	SCONJ
easat-2335	253	4	higher	high	ADJ
easat-2335	253	5	dividend	dividend	NOUN
easat-2335	253	6	payouts	payout	NOUN
easat-2335	253	7	are	be	AUX
easat-2335	253	8	associated	associate	VERB
easat-2335	253	9	with	with	ADP
easat-2335	253	10	lower	low	ADJ
easat-2335	253	11	stock	stock	NOUN
easat-2335	253	12	returns	return	NOUN
easat-2335	253	13	,	,	PUNCT
easat-2335	253	14	possibly	possibly	ADV
easat-2335	253	15	reflecting	reflect	VERB
easat-2335	253	16	investor	investor	NOUN
easat-2335	253	17	preference	preference	NOUN
easat-2335	253	18	for	for	ADP
easat-2335	253	19	growth	growth	NOUN
easat-2335	253	20	over	over	ADP
easat-2335	253	21	dividends	dividend	NOUN
easat-2335	253	22	.	.	PUNCT
easat-2335	254	1	esg	esg	NOUN
easat-2335	254	2	scores	score	NOUN
easat-2335	254	3	have	have	VERB
easat-2335	254	4	the	the	DET
easat-2335	254	5	largest	large	ADJ
easat-2335	254	6	negative	negative	ADJ
easat-2335	254	7	impact	impact	NOUN
easat-2335	254	8	(	(	PUNCT
easat-2335	254	9	-4.237	-4.237	PUNCT
easat-2335	254	10	)	)	PUNCT
easat-2335	254	11	and	and	CCONJ
easat-2335	254	12	are	be	AUX
easat-2335	254	13	highly	highly	ADV
easat-2335	254	14	significant	significant	ADJ
easat-2335	254	15	(	(	PUNCT
easat-2335	254	16	p	p	X
easat-2335	254	17	<	<	X
easat-2335	254	18	0.001	0.001	NUM
easat-2335	254	19	)	)	PUNCT
easat-2335	254	20	.	.	PUNCT
easat-2335	255	1	this	this	DET
easat-2335	255	2	strong	strong	ADJ
easat-2335	255	3	negative	negative	ADJ
easat-2335	255	4	relationship	relationship	NOUN
easat-2335	255	5	between	between	ADP
easat-2335	255	6	esg	esg	PROPN
easat-2335	255	7	scores	score	NOUN
easat-2335	255	8	and	and	CCONJ
easat-2335	255	9	stock	stock	NOUN
easat-2335	255	10	returns	return	NOUN
easat-2335	255	11	is	be	AUX
easat-2335	255	12	notable	notable	ADJ
easat-2335	255	13	and	and	CCONJ
easat-2335	255	14	may	may	AUX
easat-2335	255	15	warrant	warrant	VERB
easat-2335	255	16	further	further	ADJ
easat-2335	255	17	investigation	investigation	NOUN
easat-2335	255	18	into	into	ADP
easat-2335	255	19	the	the	DET
easat-2335	255	20	reasons	reason	NOUN
easat-2335	255	21	behind	behind	ADP
easat-2335	255	22	this	this	DET
easat-2335	255	23	inverse	inverse	NOUN
easat-2335	255	24	correlation	correlation	NOUN
easat-2335	255	25	.	.	PUNCT
easat-2335	256	1	overall	overall	ADV
easat-2335	256	2	,	,	PUNCT
easat-2335	256	3	the	the	DET
easat-2335	256	4	model	model	NOUN
easat-2335	256	5	indicates	indicate	VERB
easat-2335	256	6	that	that	SCONJ
easat-2335	256	7	esg	esg	PROPN
easat-2335	256	8	factors	factor	NOUN
easat-2335	256	9	and	and	CCONJ
easat-2335	256	10	dividend	dividend	NOUN
easat-2335	256	11	policies	policy	NOUN
easat-2335	256	12	have	have	VERB
easat-2335	256	13	the	the	DET
easat-2335	256	14	strongest	strong	ADJ
easat-2335	256	15	(	(	PUNCT
easat-2335	256	16	negative	negative	ADJ
easat-2335	256	17	)	)	PUNCT
easat-2335	256	18	influences	influence	NOUN
easat-2335	256	19	on	on	ADP
easat-2335	256	20	stock	stock	NOUN
easat-2335	256	21	returns	return	NOUN
easat-2335	256	22	in	in	ADP
easat-2335	256	23	this	this	DET
easat-2335	256	24	analysis	analysis	NOUN
easat-2335	256	25	.	.	PUNCT
easat-2335	257	1	1745	1745	NUM
easat-2335	257	2	edelweiss	edelweiss	PROPN
easat-2335	257	3	applied	apply	VERB
easat-2335	257	4	science	science	NOUN
easat-2335	257	5	and	and	CCONJ
easat-2335	257	6	technology	technology	NOUN
easat-2335	257	7	issn	issn	PROPN
easat-2335	257	8	:	:	PUNCT
easat-2335	257	9	2576	2576	NUM
easat-2335	257	10	-	-	SYM
easat-2335	257	11	8484	8484	NUM
easat-2335	257	12	vol	vol	NOUN
easat-2335	257	13	.	.	PROPN
easat-2335	257	14	8	8	NUM
easat-2335	257	15	,	,	PUNCT
easat-2335	257	16	no	no	INTJ
easat-2335	257	17	.	.	NOUN
easat-2335	258	1	6	6	NUM
easat-2335	258	2	:	:	SYM
easat-2335	258	3	1735	1735	NUM
easat-2335	258	4	-	-	SYM
easat-2335	258	5	1750	1750	NUM
easat-2335	258	6	,	,	PUNCT
easat-2335	258	7	2024	2024	NUM
easat-2335	258	8	doi	doi	NOUN
easat-2335	258	9	:	:	PUNCT
easat-2335	258	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	258	11	©	©	PROPN
easat-2335	258	12	2024	2024	NUM
easat-2335	258	13	by	by	ADP
easat-2335	258	14	the	the	DET
easat-2335	258	15	authors	author	NOUN
easat-2335	258	16	;	;	PUNCT
easat-2335	258	17	licensee	licensee	PROPN
easat-2335	258	18	learning	learn	VERB
easat-2335	258	19	gate	gate	NOUN
easat-2335	258	20	table	table	NOUN
easat-2335	258	21	8	8	NUM
easat-2335	258	22	.	.	PUNCT
easat-2335	259	1	impact	impact	NOUN
easat-2335	259	2	on	on	ADP
easat-2335	259	3	stock	stock	NOUN
easat-2335	259	4	returns	return	NOUN
easat-2335	259	5	.	.	PUNCT
easat-2335	260	1	model	model	NOUN
easat-2335	260	2	1	1	NUM
easat-2335	260	3	unstandardized	unstandardized	ADJ
easat-2335	260	4	coef	coef	PROPN
easat-2335	260	5	std	std	NOUN
easat-2335	260	6	err	err	VERB
easat-2335	260	7	standardized	standardize	VERB
easat-2335	260	8	coef	coef	PROPN
easat-2335	260	9	.	.	PUNCT
easat-2335	261	1	beta	beta	PROPN
easat-2335	261	2	t	t	PROPN
easat-2335	261	3	sig	sig	NOUN
easat-2335	261	4	constant	constant	ADJ
easat-2335	261	5	2.717	2.717	NUM
easat-2335	261	6	0.241	0.241	NUM
easat-2335	261	7	11.259	11.259	NUM
easat-2335	261	8	0.000	0.000	NUM
easat-2335	261	9	total	total	ADJ
easat-2335	261	10	assets	asset	NOUN
easat-2335	261	11	0.001	0.001	NUM
easat-2335	261	12	0.014	0.014	NUM
easat-2335	261	13	0.004	0.004	NUM
easat-2335	261	14	0.107	0.107	NUM
easat-2335	261	15	0.915	0.915	NUM
easat-2335	261	16	roe	roe	NOUN
easat-2335	261	17	-0.007	-0.007	NOUN
easat-2335	261	18	0.003	0.003	NUM
easat-2335	261	19	-0.095	-0.095	NUM
easat-2335	261	20	-2.895	-2.895	PROPN
easat-2335	261	21	0.005	0.005	NUM
easat-2335	261	22	dpr	dpr	NOUN
easat-2335	261	23	-0.022	-0.022	NOUN
easat-2335	261	24	0.005	0.005	NUM
easat-2335	261	25	-0.134	-0.134	NUM
easat-2335	261	26	-4.141	-4.141	NUM
easat-2335	261	27	0.000	0.000	NUM
easat-2335	261	28	esg	esg	NOUN
easat-2335	261	29	-4.237	-4.237	PROPN
easat-2335	261	30	0.145	0.145	NUM
easat-2335	261	31	-0.953	-0.953	PROPN
easat-2335	262	1	-29.316	-29.316	NUM
easat-2335	262	2	0.000	0.000	NUM
easat-2335	263	1	the	the	DET
easat-2335	263	2	regression	regression	NOUN
easat-2335	263	3	analysis	analysis	NOUN
easat-2335	263	4	revealed	reveal	VERB
easat-2335	263	5	a	a	DET
easat-2335	263	6	significant	significant	ADJ
easat-2335	263	7	negative	negative	ADJ
easat-2335	263	8	relationship	relationship	NOUN
easat-2335	263	9	between	between	ADP
easat-2335	263	10	esg	esg	PROPN
easat-2335	263	11	disclosure	disclosure	NOUN
easat-2335	263	12	and	and	CCONJ
easat-2335	263	13	stock	stock	NOUN
easat-2335	263	14	returns	return	NOUN
easat-2335	263	15	,	,	PUNCT
easat-2335	263	16	contradicting	contradict	VERB
easat-2335	263	17	previous	previous	ADJ
easat-2335	263	18	studies	study	NOUN
easat-2335	263	19	that	that	PRON
easat-2335	263	20	suggested	suggest	VERB
easat-2335	263	21	positive	positive	ADJ
easat-2335	263	22	correlations	correlation	NOUN
easat-2335	263	23	.	.	PUNCT
easat-2335	264	1	this	this	DET
easat-2335	264	2	negative	negative	ADJ
easat-2335	264	3	relationship	relationship	NOUN
easat-2335	264	4	can	can	AUX
easat-2335	264	5	be	be	AUX
easat-2335	264	6	attributed	attribute	VERB
easat-2335	264	7	to	to	ADP
easat-2335	264	8	several	several	ADJ
easat-2335	264	9	factors	factor	NOUN
easat-2335	264	10	.	.	PUNCT
easat-2335	265	1	firstly	firstly	ADV
easat-2335	265	2	,	,	PUNCT
easat-2335	265	3	implementing	implement	VERB
easat-2335	265	4	esg	esg	NOUN
easat-2335	265	5	practices	practice	NOUN
easat-2335	265	6	often	often	ADV
easat-2335	265	7	requires	require	VERB
easat-2335	265	8	significant	significant	ADJ
easat-2335	265	9	upfront	upfront	ADJ
easat-2335	265	10	investments	investment	NOUN
easat-2335	265	11	,	,	PUNCT
easat-2335	265	12	which	which	PRON
easat-2335	265	13	can	can	AUX
easat-2335	265	14	affect	affect	VERB
easat-2335	265	15	short	short	ADJ
easat-2335	265	16	-	-	PUNCT
easat-2335	265	17	term	term	NOUN
easat-2335	265	18	earnings	earning	NOUN
easat-2335	265	19	and	and	CCONJ
easat-2335	265	20	stock	stock	NOUN
easat-2335	265	21	returns	return	NOUN
easat-2335	265	22	.	.	PUNCT
easat-2335	266	1	according	accord	VERB
easat-2335	266	2	to	to	ADP
easat-2335	266	3	a	a	DET
easat-2335	266	4	2021	2021	NUM
easat-2335	266	5	study	study	NOUN
easat-2335	266	6	by	by	ADP
easat-2335	266	7	the	the	DET
easat-2335	266	8	whelan	whelan	PROPN
easat-2335	266	9	et	et	PROPN
easat-2335	266	10	al	al	PROPN
easat-2335	266	11	.	.	PROPN
easat-2335	267	1	(	(	PUNCT
easat-2335	267	2	2021	2021	NUM
easat-2335	267	3	)	)	PUNCT
easat-2335	267	4	from	from	ADP
easat-2335	267	5	nyu	nyu	PROPN
easat-2335	267	6	stern	stern	ADJ
easat-2335	267	7	center	center	NOUN
easat-2335	267	8	for	for	ADP
easat-2335	267	9	sustainable	sustainable	ADJ
easat-2335	267	10	business	business	NOUN
easat-2335	267	11	,	,	PUNCT
easat-2335	267	12	companies	company	NOUN
easat-2335	267	13	spend	spend	VERB
easat-2335	267	14	an	an	DET
easat-2335	267	15	average	average	NOUN
easat-2335	267	16	of	of	ADP
easat-2335	267	17	0.2	0.2	NUM
easat-2335	267	18	%	%	NOUN
easat-2335	267	19	to	to	PART
easat-2335	267	20	0.4	0.4	NUM
easat-2335	267	21	%	%	NOUN
easat-2335	267	22	of	of	ADP
easat-2335	267	23	their	their	PRON
easat-2335	267	24	revenue	revenue	NOUN
easat-2335	267	25	on	on	ADP
easat-2335	267	26	esg	esg	PROPN
easat-2335	267	27	initiatives	initiative	NOUN
easat-2335	267	28	,	,	PUNCT
easat-2335	267	29	which	which	PRON
easat-2335	267	30	can	can	AUX
easat-2335	267	31	impact	impact	VERB
easat-2335	267	32	immediate	immediate	ADJ
easat-2335	267	33	profitability	profitability	NOUN
easat-2335	267	34	.	.	PUNCT
easat-2335	268	1	secondly	secondly	ADV
easat-2335	268	2	,	,	PUNCT
easat-2335	268	3	efforts	effort	NOUN
easat-2335	268	4	to	to	PART
easat-2335	268	5	meet	meet	VERB
easat-2335	268	6	esg	esg	PROPN
easat-2335	268	7	standards	standard	NOUN
easat-2335	268	8	may	may	AUX
easat-2335	268	9	lead	lead	VERB
easat-2335	268	10	to	to	ADP
easat-2335	268	11	increased	increase	VERB
easat-2335	268	12	operational	operational	ADJ
easat-2335	268	13	costs	cost	NOUN
easat-2335	268	14	.	.	PUNCT
easat-2335	269	1	for	for	ADP
easat-2335	269	2	instance	instance	NOUN
easat-2335	269	3	,	,	PUNCT
easat-2335	269	4	transitioning	transition	VERB
easat-2335	269	5	to	to	ADP
easat-2335	269	6	eco	eco	NOUN
easat-2335	269	7	-	-	PUNCT
easat-2335	269	8	friendly	friendly	ADJ
easat-2335	269	9	technologies	technology	NOUN
easat-2335	269	10	or	or	CCONJ
easat-2335	269	11	implementing	implement	VERB
easat-2335	269	12	comprehensive	comprehensive	ADJ
easat-2335	269	13	employee	employee	NOUN
easat-2335	269	14	wellbeing	wellbee	VERB
easat-2335	269	15	programs	program	NOUN
easat-2335	269	16	can	can	AUX
easat-2335	269	17	raise	raise	VERB
easat-2335	269	18	production	production	NOUN
easat-2335	269	19	costs	cost	NOUN
easat-2335	269	20	,	,	PUNCT
easat-2335	269	21	potentially	potentially	ADV
easat-2335	269	22	squeezing	squeeze	VERB
easat-2335	269	23	profit	profit	NOUN
easat-2335	269	24	margins	margin	NOUN
easat-2335	269	25	if	if	SCONJ
easat-2335	269	26	not	not	PART
easat-2335	269	27	offset	offset	VERB
easat-2335	269	28	by	by	ADP
easat-2335	269	29	increased	increase	VERB
easat-2335	269	30	revenue	revenue	NOUN
easat-2335	269	31	or	or	CCONJ
easat-2335	269	32	efficiency	efficiency	NOUN
easat-2335	269	33	.	.	PUNCT
easat-2335	270	1	thirdly	thirdly	ADV
easat-2335	270	2	,	,	PUNCT
easat-2335	270	3	esg	esg	PROPN
easat-2335	270	4	disclosures	disclosure	NOUN
easat-2335	270	5	may	may	AUX
easat-2335	270	6	reveal	reveal	VERB
easat-2335	270	7	previously	previously	ADV
easat-2335	270	8	unknown	unknown	ADJ
easat-2335	270	9	risks	risk	NOUN
easat-2335	270	10	,	,	PUNCT
easat-2335	270	11	potentially	potentially	ADV
easat-2335	270	12	decreasing	decrease	VERB
easat-2335	270	13	investor	investor	NOUN
easat-2335	270	14	confidence	confidence	NOUN
easat-2335	270	15	.	.	PUNCT
easat-2335	271	1	the	the	DET
easat-2335	271	2	2023	2023	NUM
easat-2335	271	3	kpmg	kpmg	PROPN
easat-2335	271	4	survey	survey	NOUN
easat-2335	271	5	found	find	VERB
easat-2335	271	6	that	that	SCONJ
easat-2335	271	7	80	80	NUM
easat-2335	271	8	%	%	NOUN
easat-2335	271	9	of	of	ADP
easat-2335	271	10	companies	company	NOUN
easat-2335	271	11	worldwide	worldwide	ADV
easat-2335	271	12	now	now	ADV
easat-2335	271	13	report	report	VERB
easat-2335	271	14	on	on	ADP
easat-2335	271	15	sustainability	sustainability	NOUN
easat-2335	271	16	,	,	PUNCT
easat-2335	271	17	increasing	increase	VERB
easat-2335	271	18	transparency	transparency	NOUN
easat-2335	271	19	but	but	CCONJ
easat-2335	271	20	also	also	ADV
easat-2335	271	21	exposing	expose	VERB
easat-2335	271	22	potential	potential	ADJ
easat-2335	271	23	vulnerabilities	vulnerability	NOUN
easat-2335	271	24	.	.	PUNCT
easat-2335	272	1	lastly	lastly	ADV
easat-2335	272	2	,	,	PUNCT
easat-2335	272	3	some	some	DET
easat-2335	272	4	investors	investor	NOUN
easat-2335	272	5	may	may	AUX
easat-2335	272	6	view	view	VERB
easat-2335	272	7	esg	esg	NOUN
easat-2335	272	8	disclosures	disclosure	NOUN
easat-2335	272	9	as	as	ADP
easat-2335	272	10	a	a	DET
easat-2335	272	11	signal	signal	NOUN
easat-2335	272	12	of	of	ADP
easat-2335	272	13	challenges	challenge	NOUN
easat-2335	272	14	or	or	CCONJ
easat-2335	272	15	risks	risk	NOUN
easat-2335	272	16	,	,	PUNCT
easat-2335	272	17	leading	lead	VERB
easat-2335	272	18	to	to	ADP
easat-2335	272	19	decreased	decrease	VERB
easat-2335	272	20	demand	demand	NOUN
easat-2335	272	21	for	for	ADP
easat-2335	272	22	shares	share	NOUN
easat-2335	272	23	in	in	ADP
easat-2335	272	24	the	the	DET
easat-2335	272	25	short	short	ADJ
easat-2335	272	26	term	term	NOUN
easat-2335	272	27	.	.	PUNCT
easat-2335	273	1	this	this	PRON
easat-2335	273	2	aligns	align	VERB
easat-2335	273	3	with	with	ADP
easat-2335	273	4	findings	finding	NOUN
easat-2335	273	5	from	from	ADP
easat-2335	273	6	a	a	DET
easat-2335	273	7	2023	2023	NUM
easat-2335	273	8	report	report	NOUN
easat-2335	273	9	by	by	ADP
easat-2335	273	10	harvard	harvard	PROPN
easat-2335	273	11	business	business	PROPN
easat-2335	273	12	review	review	PROPN
easat-2335	273	13	article	article	NOUN
easat-2335	273	14	,	,	PUNCT
easat-2335	273	15	which	which	PRON
easat-2335	273	16	noted	note	VERB
easat-2335	273	17	that	that	SCONJ
easat-2335	273	18	market	market	NOUN
easat-2335	273	19	reactions	reaction	NOUN
easat-2335	273	20	to	to	ADP
easat-2335	273	21	esg	esg	PROPN
easat-2335	273	22	disclosures	disclosure	NOUN
easat-2335	273	23	can	can	AUX
easat-2335	273	24	be	be	AUX
easat-2335	273	25	mixed	mix	VERB
easat-2335	273	26	,	,	PUNCT
easat-2335	273	27	often	often	ADV
easat-2335	273	28	depending	depend	VERB
easat-2335	273	29	on	on	ADP
easat-2335	273	30	the	the	DET
easat-2335	273	31	specific	specific	ADJ
easat-2335	273	32	content	content	NOUN
easat-2335	273	33	and	and	CCONJ
easat-2335	273	34	context	context	NOUN
easat-2335	273	35	of	of	ADP
easat-2335	273	36	the	the	DET
easat-2335	273	37	disclosures	disclosure	NOUN
easat-2335	273	38	.	.	PUNCT
easat-2335	274	1	these	these	DET
easat-2335	274	2	findings	finding	NOUN
easat-2335	274	3	highlight	highlight	VERB
easat-2335	274	4	the	the	DET
easat-2335	274	5	complex	complex	ADJ
easat-2335	274	6	relationship	relationship	NOUN
easat-2335	274	7	between	between	ADP
easat-2335	274	8	esg	esg	PROPN
easat-2335	274	9	practices	practice	NOUN
easat-2335	274	10	and	and	CCONJ
easat-2335	274	11	financial	financial	ADJ
easat-2335	274	12	performance	performance	NOUN
easat-2335	274	13	,	,	PUNCT
easat-2335	274	14	suggesting	suggest	VERB
easat-2335	274	15	that	that	SCONJ
easat-2335	274	16	while	while	SCONJ
easat-2335	274	17	esg	esg	PROPN
easat-2335	274	18	initiatives	initiative	NOUN
easat-2335	274	19	may	may	AUX
easat-2335	274	20	be	be	AUX
easat-2335	274	21	crucial	crucial	ADJ
easat-2335	274	22	for	for	ADP
easat-2335	274	23	long	long	ADJ
easat-2335	274	24	-	-	PUNCT
easat-2335	274	25	term	term	NOUN
easat-2335	274	26	sustainability	sustainability	NOUN
easat-2335	274	27	,	,	PUNCT
easat-2335	274	28	they	they	PRON
easat-2335	274	29	present	present	VERB
easat-2335	274	30	short	short	ADJ
easat-2335	274	31	-	-	PUNCT
easat-2335	274	32	term	term	NOUN
easat-2335	274	33	challenges	challenge	NOUN
easat-2335	274	34	for	for	ADP
easat-2335	274	35	stock	stock	NOUN
easat-2335	274	36	performance	performance	NOUN
easat-2335	274	37	.	.	PUNCT
easat-2335	275	1	4.5	4.5	NUM
easat-2335	275	2	.	.	PUNCT
easat-2335	275	3	model	model	NOUN
easat-2335	275	4	2	2	NUM
easat-2335	275	5	:	:	PUNCT
easat-2335	275	6	impact	impact	NOUN
easat-2335	275	7	of	of	ADP
easat-2335	275	8	esg	esg	PROPN
easat-2335	275	9	disclosure	disclosure	NOUN
easat-2335	275	10	on	on	ADP
easat-2335	275	11	tobin	tobin	PROPN
easat-2335	275	12	's	's	PART
easat-2335	275	13	q	q	NOUN
easat-2335	275	14	table	table	NOUN
easat-2335	275	15	9	9	NUM
easat-2335	275	16	.	.	PUNCT
easat-2335	275	17	presents	present	VERB
easat-2335	275	18	the	the	DET
easat-2335	275	19	results	result	NOUN
easat-2335	275	20	of	of	ADP
easat-2335	275	21	a	a	DET
easat-2335	275	22	regression	regression	NOUN
easat-2335	275	23	analysis	analysis	NOUN
easat-2335	275	24	examining	examine	VERB
easat-2335	275	25	the	the	DET
easat-2335	275	26	impact	impact	NOUN
easat-2335	275	27	of	of	ADP
easat-2335	275	28	various	various	ADJ
easat-2335	275	29	factors	factor	NOUN
easat-2335	275	30	on	on	ADP
easat-2335	275	31	tobin	tobin	PROPN
easat-2335	275	32	's	's	PART
easat-2335	275	33	q	q	NOUN
easat-2335	275	34	,	,	PUNCT
easat-2335	275	35	a	a	DET
easat-2335	275	36	measure	measure	NOUN
easat-2335	275	37	of	of	ADP
easat-2335	275	38	firm	firm	ADJ
easat-2335	275	39	valuation	valuation	NOUN
easat-2335	275	40	.	.	PUNCT
easat-2335	276	1	the	the	DET
easat-2335	276	2	constant	constant	ADJ
easat-2335	276	3	term	term	NOUN
easat-2335	276	4	(	(	PUNCT
easat-2335	276	5	9.938	9.938	NUM
easat-2335	276	6	)	)	PUNCT
easat-2335	276	7	is	be	AUX
easat-2335	276	8	statistically	statistically	ADV
easat-2335	276	9	significant	significant	ADJ
easat-2335	276	10	(	(	PUNCT
easat-2335	276	11	p	p	X
easat-2335	276	12	<	<	X
easat-2335	276	13	0.001	0.001	NUM
easat-2335	276	14	)	)	PUNCT
easat-2335	276	15	,	,	PUNCT
easat-2335	276	16	indicating	indicate	VERB
easat-2335	276	17	a	a	DET
easat-2335	276	18	baseline	baseline	ADJ
easat-2335	276	19	tobin	tobin	NOUN
easat-2335	276	20	's	's	PART
easat-2335	276	21	q	q	NOUN
easat-2335	276	22	value	value	NOUN
easat-2335	276	23	when	when	SCONJ
easat-2335	276	24	all	all	DET
easat-2335	276	25	other	other	ADJ
easat-2335	276	26	variables	variable	NOUN
easat-2335	276	27	are	be	AUX
easat-2335	276	28	zero	zero	NUM
easat-2335	276	29	.	.	PUNCT
easat-2335	277	1	total	total	ADJ
easat-2335	277	2	assets	asset	NOUN
easat-2335	277	3	shows	show	VERB
easat-2335	277	4	a	a	DET
easat-2335	277	5	significant	significant	ADJ
easat-2335	277	6	negative	negative	ADJ
easat-2335	277	7	effect	effect	NOUN
easat-2335	277	8	(	(	PUNCT
easat-2335	277	9	-0.293	-0.293	VERB
easat-2335	277	10	)	)	PUNCT
easat-2335	277	11	on	on	ADP
easat-2335	277	12	tobin	tobin	PROPN
easat-2335	277	13	's	's	PART
easat-2335	277	14	q	q	X
easat-2335	277	15	(	(	PUNCT
easat-2335	277	16	p	p	X
easat-2335	277	17	<	<	X
easat-2335	277	18	0.001	0.001	NUM
easat-2335	277	19	)	)	PUNCT
easat-2335	277	20	.	.	PUNCT
easat-2335	278	1	this	this	PRON
easat-2335	278	2	suggests	suggest	VERB
easat-2335	278	3	that	that	SCONJ
easat-2335	278	4	larger	large	ADJ
easat-2335	278	5	companies	company	NOUN
easat-2335	278	6	,	,	PUNCT
easat-2335	278	7	as	as	SCONJ
easat-2335	278	8	measured	measure	VERB
easat-2335	278	9	by	by	ADP
easat-2335	278	10	total	total	ADJ
easat-2335	278	11	assets	asset	NOUN
easat-2335	278	12	,	,	PUNCT
easat-2335	278	13	tend	tend	VERB
easat-2335	278	14	to	to	PART
easat-2335	278	15	have	have	VERB
easat-2335	278	16	lower	low	ADJ
easat-2335	278	17	tobin	tobin	NOUN
easat-2335	278	18	's	's	PART
easat-2335	278	19	q	q	NOUN
easat-2335	278	20	values	value	NOUN
easat-2335	278	21	,	,	PUNCT
easat-2335	278	22	possibly	possibly	ADV
easat-2335	278	23	indicating	indicate	VERB
easat-2335	278	24	that	that	SCONJ
easat-2335	278	25	smaller	small	ADJ
easat-2335	278	26	firms	firm	NOUN
easat-2335	278	27	are	be	AUX
easat-2335	278	28	valued	value	VERB
easat-2335	278	29	more	more	ADV
easat-2335	278	30	highly	highly	ADV
easat-2335	278	31	relative	relative	ADJ
easat-2335	278	32	to	to	ADP
easat-2335	278	33	their	their	PRON
easat-2335	278	34	asset	asset	NOUN
easat-2335	278	35	base	base	NOUN
easat-2335	278	36	.	.	PUNCT
easat-2335	279	1	return	return	NOUN
easat-2335	279	2	on	on	ADP
easat-2335	279	3	equity	equity	NOUN
easat-2335	279	4	(	(	PUNCT
easat-2335	279	5	roe	roe	PROPN
easat-2335	279	6	)	)	PUNCT
easat-2335	279	7	has	have	VERB
easat-2335	279	8	a	a	DET
easat-2335	279	9	small	small	ADJ
easat-2335	279	10	negative	negative	ADJ
easat-2335	279	11	unstandardized	unstandardized	ADJ
easat-2335	279	12	coefficient	coefficient	NOUN
easat-2335	279	13	(	(	PUNCT
easat-2335	279	14	-0.011	-0.011	NOUN
easat-2335	279	15	)	)	PUNCT
easat-2335	279	16	but	but	CCONJ
easat-2335	279	17	a	a	DET
easat-2335	279	18	positive	positive	ADJ
easat-2335	279	19	standardized	standardized	ADJ
easat-2335	279	20	coefficient	coefficient	NOUN
easat-2335	279	21	(	(	PUNCT
easat-2335	279	22	0.053	0.053	NUM
easat-2335	279	23	)	)	PUNCT
easat-2335	279	24	,	,	PUNCT
easat-2335	279	25	and	and	CCONJ
easat-2335	279	26	is	be	AUX
easat-2335	279	27	statistically	statistically	ADV
easat-2335	279	28	significant	significant	ADJ
easat-2335	279	29	(	(	PUNCT
easat-2335	279	30	p	p	X
easat-2335	279	31	<	<	X
easat-2335	279	32	0.001	0.001	NUM
easat-2335	279	33	)	)	PUNCT
easat-2335	279	34	.	.	PUNCT
easat-2335	280	1	this	this	PRON
easat-2335	280	2	indicates	indicate	VERB
easat-2335	280	3	a	a	DET
easat-2335	280	4	positive	positive	ADJ
easat-2335	280	5	relationship	relationship	NOUN
easat-2335	280	6	between	between	ADP
easat-2335	280	7	profitability	profitability	NOUN
easat-2335	280	8	and	and	CCONJ
easat-2335	280	9	firm	firm	ADJ
easat-2335	280	10	valuation	valuation	NOUN
easat-2335	280	11	when	when	SCONJ
easat-2335	280	12	accounting	account	VERB
easat-2335	280	13	for	for	ADP
easat-2335	280	14	the	the	DET
easat-2335	280	15	scale	scale	NOUN
easat-2335	280	16	of	of	ADP
easat-2335	280	17	the	the	DET
easat-2335	280	18	variables	variable	NOUN
easat-2335	280	19	.	.	PUNCT
easat-2335	281	1	the	the	DET
easat-2335	281	2	dividend	dividend	NOUN
easat-2335	281	3	payout	payout	NOUN
easat-2335	281	4	ratio	ratio	NOUN
easat-2335	281	5	(	(	PUNCT
easat-2335	281	6	dpr	dpr	PROPN
easat-2335	281	7	)	)	PUNCT
easat-2335	281	8	shows	show	VERB
easat-2335	281	9	a	a	DET
easat-2335	281	10	negative	negative	ADJ
easat-2335	281	11	impact	impact	NOUN
easat-2335	281	12	(	(	PUNCT
easat-2335	281	13	-0.052	-0.052	NOUN
easat-2335	281	14	)	)	PUNCT
easat-2335	281	15	and	and	CCONJ
easat-2335	281	16	is	be	AUX
easat-2335	281	17	highly	highly	ADV
easat-2335	281	18	significant	significant	ADJ
easat-2335	281	19	(	(	PUNCT
easat-2335	281	20	p	p	X
easat-2335	281	21	<	<	X
easat-2335	281	22	0.001	0.001	NUM
easat-2335	281	23	)	)	PUNCT
easat-2335	281	24	.	.	PUNCT
easat-2335	282	1	this	this	PRON
easat-2335	282	2	suggests	suggest	VERB
easat-2335	282	3	that	that	SCONJ
easat-2335	282	4	higher	high	ADJ
easat-2335	282	5	dividend	dividend	NOUN
easat-2335	282	6	payouts	payout	NOUN
easat-2335	282	7	are	be	AUX
easat-2335	282	8	associated	associate	VERB
easat-2335	282	9	with	with	ADP
easat-2335	282	10	lower	low	ADJ
easat-2335	282	11	firm	firm	ADJ
easat-2335	282	12	valuations	valuation	NOUN
easat-2335	282	13	,	,	PUNCT
easat-2335	282	14	possibly	possibly	ADV
easat-2335	282	15	reflecting	reflect	VERB
easat-2335	282	16	a	a	DET
easat-2335	282	17	preference	preference	NOUN
easat-2335	282	18	for	for	ADP
easat-2335	282	19	reinvestment	reinvestment	NOUN
easat-2335	282	20	over	over	ADP
easat-2335	282	21	distributions	distribution	NOUN
easat-2335	282	22	.	.	PUNCT
easat-2335	283	1	esg	esg	NOUN
easat-2335	283	2	scores	score	NOUN
easat-2335	283	3	have	have	VERB
easat-2335	283	4	the	the	DET
easat-2335	283	5	largest	large	ADJ
easat-2335	283	6	negative	negative	ADJ
easat-2335	283	7	impact	impact	NOUN
easat-2335	283	8	(	(	PUNCT
easat-2335	283	9	-4.866	-4.866	PROPN
easat-2335	283	10	)	)	PUNCT
easat-2335	283	11	and	and	CCONJ
easat-2335	283	12	are	be	AUX
easat-2335	283	13	highly	highly	ADV
easat-2335	283	14	significant	significant	ADJ
easat-2335	283	15	(	(	PUNCT
easat-2335	283	16	p	p	X
easat-2335	283	17	<	<	X
easat-2335	283	18	0.001	0.001	NUM
easat-2335	283	19	)	)	PUNCT
easat-2335	283	20	.	.	PUNCT
easat-2335	284	1	this	this	DET
easat-2335	284	2	strong	strong	ADJ
easat-2335	284	3	negative	negative	ADJ
easat-2335	284	4	relationship	relationship	NOUN
easat-2335	284	5	between	between	ADP
easat-2335	284	6	esg	esg	PROPN
easat-2335	284	7	scores	score	NOUN
easat-2335	284	8	and	and	CCONJ
easat-2335	284	9	tobin	tobin	NOUN
easat-2335	284	10	's	's	PART
easat-2335	284	11	q	q	NOUN
easat-2335	284	12	is	be	AUX
easat-2335	284	13	notable	notable	ADJ
easat-2335	284	14	and	and	CCONJ
easat-2335	284	15	warrants	warrant	NOUN
easat-2335	284	16	further	further	ADJ
easat-2335	284	17	investigation	investigation	NOUN
easat-2335	284	18	into	into	ADP
easat-2335	284	19	why	why	SCONJ
easat-2335	284	20	higher	high	ADJ
easat-2335	284	21	esg	esg	NOUN
easat-2335	284	22	scores	score	NOUN
easat-2335	284	23	are	be	AUX
easat-2335	284	24	associated	associate	VERB
easat-2335	284	25	with	with	ADP
easat-2335	284	26	lower	low	ADJ
easat-2335	284	27	firm	firm	ADJ
easat-2335	284	28	valuations	valuation	NOUN
easat-2335	284	29	in	in	ADP
easat-2335	284	30	this	this	DET
easat-2335	284	31	model	model	NOUN
easat-2335	284	32	.	.	PUNCT
easat-2335	285	1	all	all	DET
easat-2335	285	2	variables	variable	NOUN
easat-2335	285	3	in	in	ADP
easat-2335	285	4	this	this	DET
easat-2335	285	5	model	model	NOUN
easat-2335	285	6	are	be	AUX
easat-2335	285	7	statistically	statistically	ADV
easat-2335	285	8	significant	significant	ADJ
easat-2335	285	9	,	,	PUNCT
easat-2335	285	10	indicating	indicate	VERB
easat-2335	285	11	they	they	PRON
easat-2335	285	12	all	all	PRON
easat-2335	285	13	play	play	VERB
easat-2335	285	14	important	important	ADJ
easat-2335	285	15	roles	role	NOUN
easat-2335	285	16	in	in	ADP
easat-2335	285	17	explaining	explain	VERB
easat-2335	285	18	variations	variation	NOUN
easat-2335	285	19	in	in	ADP
easat-2335	285	20	tobin	tobin	PROPN
easat-2335	285	21	's	's	PART
easat-2335	285	22	q.	q.	PROPN
easat-2335	285	23	1746	1746	NUM
easat-2335	285	24	edelweiss	edelweiss	PROPN
easat-2335	285	25	applied	apply	VERB
easat-2335	285	26	science	science	NOUN
easat-2335	285	27	and	and	CCONJ
easat-2335	285	28	technology	technology	NOUN
easat-2335	285	29	issn	issn	PROPN
easat-2335	285	30	:	:	PUNCT
easat-2335	285	31	2576	2576	NUM
easat-2335	285	32	-	-	SYM
easat-2335	285	33	8484	8484	NUM
easat-2335	285	34	vol	vol	NOUN
easat-2335	285	35	.	.	PROPN
easat-2335	285	36	8	8	NUM
easat-2335	285	37	,	,	PUNCT
easat-2335	285	38	no	no	INTJ
easat-2335	285	39	.	.	NOUN
easat-2335	286	1	6	6	NUM
easat-2335	286	2	:	:	SYM
easat-2335	286	3	1735	1735	NUM
easat-2335	286	4	-	-	SYM
easat-2335	286	5	1750	1750	NUM
easat-2335	286	6	,	,	PUNCT
easat-2335	286	7	2024	2024	NUM
easat-2335	286	8	doi	doi	NOUN
easat-2335	286	9	:	:	PUNCT
easat-2335	286	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	286	11	©	©	PROPN
easat-2335	286	12	2024	2024	NUM
easat-2335	286	13	by	by	ADP
easat-2335	286	14	the	the	DET
easat-2335	286	15	authors	author	NOUN
easat-2335	286	16	;	;	PUNCT
easat-2335	286	17	licensee	licensee	PROPN
easat-2335	286	18	learning	learn	VERB
easat-2335	286	19	gate	gate	NOUN
easat-2335	286	20	table	table	NOUN
easat-2335	286	21	9	9	NUM
easat-2335	286	22	.	.	PUNCT
easat-2335	286	23	impact	impact	NOUN
easat-2335	286	24	on	on	ADP
easat-2335	286	25	tobin	tobin	PROPN
easat-2335	286	26	's	's	PART
easat-2335	286	27	q.	q.	PROPN
easat-2335	286	28	model	model	NOUN
easat-2335	286	29	2	2	NUM
easat-2335	286	30	unstandardized	unstandardized	ADJ
easat-2335	286	31	coef	coef	PROPN
easat-2335	286	32	std	std	PROPN
easat-2335	286	33	.	.	PUNCT
easat-2335	287	1	err	err	PROPN
easat-2335	287	2	standardized	standardized	ADJ
easat-2335	287	3	coef	coef	PROPN
easat-2335	287	4	.	.	PUNCT
easat-2335	288	1	beta	beta	PROPN
easat-2335	288	2	t	t	PROPN
easat-2335	288	3	sig	sig	PROPN
easat-2335	288	4	.	.	PUNCT
easat-2335	289	1	constant	constant	ADJ
easat-2335	289	2	9.938	9.938	NUM
easat-2335	289	3	0.269	0.269	NUM
easat-2335	289	4	36.949	36.949	NUM
easat-2335	289	5	0.000	0.000	NUM
easat-2335	289	6	total	total	ADJ
easat-2335	289	7	assets	asset	NOUN
easat-2335	289	8	-0.293	-0.293	PUNCT
easat-2335	289	9	0.016	0.016	NUM
easat-2335	289	10	-0.248	-0.248	PUNCT
easat-2335	289	11	-18.199	-18.199	X
easat-2335	289	12	0.000	0.000	NUM
easat-2335	289	13	roe	roe	NOUN
easat-2335	289	14	-0.011	-0.011	PROPN
easat-2335	289	15	0.003	0.003	NUM
easat-2335	289	16	0.053	0.053	NUM
easat-2335	289	17	3.920	3.920	NUM
easat-2335	289	18	0.000	0.000	NUM
easat-2335	289	19	dpr	dpr	NOUN
easat-2335	289	20	-0.052	-0.052	NUM
easat-2335	289	21	0.006	0.006	NUM
easat-2335	289	22	-0.114	-0.114	SYM
easat-2335	289	23	-8.495	-8.495	PROPN
easat-2335	289	24	0.000	0.000	NUM
easat-2335	289	25	esg	esg	NOUN
easat-2335	289	26	-4.866	-4.866	PROPN
easat-2335	289	27	0.069	0.069	NUM
easat-2335	289	28	-0.944	-0.944	NOUN
easat-2335	289	29	-70.480	-70.480	PROPN
easat-2335	289	30	0.000	0.000	NUM
easat-2335	289	31	tobin	tobin	NOUN
easat-2335	289	32	's	's	PART
easat-2335	289	33	q	q	NOUN
easat-2335	289	34	is	be	AUX
easat-2335	289	35	a	a	DET
easat-2335	289	36	tool	tool	NOUN
easat-2335	289	37	for	for	ADP
easat-2335	289	38	evaluating	evaluate	VERB
easat-2335	289	39	whether	whether	SCONJ
easat-2335	289	40	the	the	DET
easat-2335	289	41	market	market	NOUN
easat-2335	289	42	value	value	NOUN
easat-2335	289	43	of	of	ADP
easat-2335	289	44	a	a	DET
easat-2335	289	45	company	company	NOUN
easat-2335	289	46	,	,	PUNCT
easat-2335	289	47	including	include	VERB
easat-2335	289	48	all	all	PRON
easat-2335	289	49	of	of	ADP
easat-2335	289	50	its	its	PRON
easat-2335	289	51	equity	equity	NOUN
easat-2335	289	52	and	and	CCONJ
easat-2335	289	53	debt	debt	NOUN
easat-2335	289	54	,	,	PUNCT
easat-2335	289	55	is	be	AUX
easat-2335	289	56	greater	great	ADJ
easat-2335	289	57	or	or	CCONJ
easat-2335	289	58	smaller	small	ADJ
easat-2335	289	59	than	than	ADP
easat-2335	289	60	its	its	PRON
easat-2335	289	61	total	total	ADJ
easat-2335	289	62	assets	asset	NOUN
easat-2335	289	63	'	'	PART
easat-2335	289	64	book	book	NOUN
easat-2335	289	65	value	value	NOUN
easat-2335	289	66	.	.	PUNCT
easat-2335	290	1	this	this	DET
easat-2335	290	2	ratio	ratio	NOUN
easat-2335	290	3	helps	help	VERB
easat-2335	290	4	investors	investor	NOUN
easat-2335	290	5	and	and	CCONJ
easat-2335	290	6	company	company	NOUN
easat-2335	290	7	management	management	NOUN
easat-2335	290	8	to	to	PART
easat-2335	290	9	understand	understand	VERB
easat-2335	290	10	how	how	SCONJ
easat-2335	290	11	the	the	DET
easat-2335	290	12	market	market	NOUN
easat-2335	290	13	values	value	VERB
easat-2335	290	14	a	a	DET
easat-2335	290	15	company	company	NOUN
easat-2335	290	16	's	's	PART
easat-2335	290	17	assets	asset	NOUN
easat-2335	290	18	compared	compare	VERB
easat-2335	290	19	to	to	ADP
easat-2335	290	20	its	its	PRON
easat-2335	290	21	replacement	replacement	NOUN
easat-2335	290	22	costs	cost	NOUN
easat-2335	290	23	.	.	PUNCT
easat-2335	291	1	if	if	SCONJ
easat-2335	291	2	tobin	tobin	PROPN
easat-2335	291	3	's	's	PART
easat-2335	291	4	q	q	NOUN
easat-2335	291	5	value	value	NOUN
easat-2335	291	6	>	>	X
easat-2335	291	7	1	1	NUM
easat-2335	291	8	,	,	PUNCT
easat-2335	291	9	the	the	DET
easat-2335	291	10	market	market	NOUN
easat-2335	291	11	values	value	VERB
easat-2335	291	12	the	the	DET
easat-2335	291	13	company	company	NOUN
easat-2335	291	14	higher	high	ADJ
easat-2335	291	15	than	than	ADP
easat-2335	291	16	its	its	PRON
easat-2335	291	17	asset	asset	NOUN
easat-2335	291	18	book	book	NOUN
easat-2335	291	19	value	value	NOUN
easat-2335	291	20	.	.	PUNCT
easat-2335	292	1	the	the	DET
easat-2335	292	2	market	market	NOUN
easat-2335	292	3	may	may	AUX
easat-2335	292	4	see	see	VERB
easat-2335	292	5	the	the	DET
easat-2335	292	6	potential	potential	NOUN
easat-2335	292	7	for	for	ADP
easat-2335	292	8	higher	high	ADJ
easat-2335	292	9	future	future	ADJ
easat-2335	292	10	profits	profit	NOUN
easat-2335	292	11	from	from	ADP
easat-2335	292	12	the	the	DET
easat-2335	292	13	company	company	NOUN
easat-2335	292	14	's	's	PART
easat-2335	292	15	assets	asset	NOUN
easat-2335	292	16	compared	compare	VERB
easat-2335	292	17	to	to	ADP
easat-2335	292	18	the	the	DET
easat-2335	292	19	replacement	replacement	NOUN
easat-2335	292	20	costs	cost	NOUN
easat-2335	292	21	of	of	ADP
easat-2335	292	22	those	those	DET
easat-2335	292	23	assets	asset	NOUN
easat-2335	292	24	.	.	PUNCT
easat-2335	293	1	meanwhile	meanwhile	ADV
easat-2335	293	2	,	,	PUNCT
easat-2335	293	3	if	if	SCONJ
easat-2335	293	4	the	the	DET
easat-2335	293	5	value	value	NOUN
easat-2335	293	6	of	of	ADP
easat-2335	293	7	tobin	tobin	NOUN
easat-2335	293	8	's	's	PART
easat-2335	293	9	q	q	X
easat-2335	293	10	<	<	X
easat-2335	293	11	1	1	NUM
easat-2335	293	12	,	,	PUNCT
easat-2335	293	13	then	then	ADV
easat-2335	293	14	the	the	DET
easat-2335	293	15	market	market	NOUN
easat-2335	293	16	values	value	VERB
easat-2335	293	17	the	the	DET
easat-2335	293	18	company	company	NOUN
easat-2335	293	19	lower	low	ADJ
easat-2335	293	20	than	than	ADP
easat-2335	293	21	the	the	DET
easat-2335	293	22	book	book	NOUN
easat-2335	293	23	value	value	NOUN
easat-2335	293	24	of	of	ADP
easat-2335	293	25	its	its	PRON
easat-2335	293	26	assets	asset	NOUN
easat-2335	293	27	.	.	PUNCT
easat-2335	294	1	this	this	PRON
easat-2335	294	2	could	could	AUX
easat-2335	294	3	mean	mean	VERB
easat-2335	294	4	that	that	SCONJ
easat-2335	294	5	the	the	DET
easat-2335	294	6	market	market	NOUN
easat-2335	294	7	expects	expect	VERB
easat-2335	294	8	the	the	DET
easat-2335	294	9	company	company	NOUN
easat-2335	294	10	's	's	PART
easat-2335	294	11	assets	asset	NOUN
easat-2335	294	12	will	will	AUX
easat-2335	294	13	not	not	PART
easat-2335	294	14	generate	generate	VERB
easat-2335	294	15	the	the	DET
easat-2335	294	16	corresponding	correspond	VERB
easat-2335	294	17	profits	profit	NOUN
easat-2335	294	18	or	or	CCONJ
easat-2335	294	19	may	may	AUX
easat-2335	294	20	be	be	AUX
easat-2335	294	21	undervalued	undervalue	VERB
easat-2335	294	22	.	.	PUNCT
easat-2335	295	1	the	the	DET
easat-2335	295	2	analysis	analysis	NOUN
easat-2335	295	3	showed	show	VERB
easat-2335	295	4	a	a	DET
easat-2335	295	5	significant	significant	ADJ
easat-2335	295	6	negative	negative	ADJ
easat-2335	295	7	effect	effect	NOUN
easat-2335	295	8	of	of	ADP
easat-2335	295	9	esg	esg	PROPN
easat-2335	295	10	disclosure	disclosure	NOUN
easat-2335	295	11	on	on	ADP
easat-2335	295	12	tobin	tobin	PROPN
easat-2335	295	13	's	's	PART
easat-2335	295	14	q.	q.	NOUN
easat-2335	295	15	of	of	ADP
easat-2335	295	16	the	the	DET
easat-2335	295	17	88	88	NUM
easat-2335	295	18	observations	observation	NOUN
easat-2335	295	19	in	in	ADP
easat-2335	295	20	the	the	DET
easat-2335	295	21	study	study	NOUN
easat-2335	295	22	,	,	PUNCT
easat-2335	295	23	31	31	NUM
easat-2335	295	24	resulted	result	VERB
easat-2335	295	25	in	in	ADP
easat-2335	295	26	a	a	DET
easat-2335	295	27	tobin	tobin	NOUN
easat-2335	295	28	's	's	PART
easat-2335	295	29	q	q	NOUN
easat-2335	295	30	score	score	NOUN
easat-2335	295	31	of	of	ADP
easat-2335	295	32	<	<	X
easat-2335	295	33	1	1	NUM
easat-2335	295	34	,	,	PUNCT
easat-2335	295	35	indicating	indicate	VERB
easat-2335	295	36	that	that	SCONJ
easat-2335	295	37	for	for	ADP
easat-2335	295	38	these	these	DET
easat-2335	295	39	instances	instance	NOUN
easat-2335	295	40	,	,	PUNCT
easat-2335	295	41	the	the	DET
easat-2335	295	42	market	market	NOUN
easat-2335	295	43	valued	value	VERB
easat-2335	295	44	the	the	DET
easat-2335	295	45	company	company	NOUN
easat-2335	295	46	lower	low	ADJ
easat-2335	295	47	than	than	ADP
easat-2335	295	48	its	its	PRON
easat-2335	295	49	book	book	NOUN
easat-2335	295	50	value	value	NOUN
easat-2335	295	51	.	.	PUNCT
easat-2335	296	1	while	while	SCONJ
easat-2335	296	2	esg	esg	PROPN
easat-2335	296	3	disclosure	disclosure	NOUN
easat-2335	296	4	is	be	AUX
easat-2335	296	5	often	often	ADV
easat-2335	296	6	considered	consider	VERB
easat-2335	296	7	a	a	DET
easat-2335	296	8	positive	positive	ADJ
easat-2335	296	9	step	step	NOUN
easat-2335	296	10	in	in	ADP
easat-2335	296	11	improving	improve	VERB
easat-2335	296	12	a	a	DET
easat-2335	296	13	company	company	NOUN
easat-2335	296	14	's	's	PART
easat-2335	296	15	transparency	transparency	NOUN
easat-2335	296	16	and	and	CCONJ
easat-2335	296	17	reputation	reputation	NOUN
easat-2335	296	18	,	,	PUNCT
easat-2335	296	19	the	the	DET
easat-2335	296	20	results	result	NOUN
easat-2335	296	21	of	of	ADP
easat-2335	296	22	this	this	DET
easat-2335	296	23	study	study	NOUN
easat-2335	296	24	suggest	suggest	VERB
easat-2335	296	25	otherwise	otherwise	ADV
easat-2335	296	26	;	;	PUNCT
easat-2335	296	27	there	there	PRON
easat-2335	296	28	are	be	VERB
easat-2335	296	29	several	several	ADJ
easat-2335	296	30	reasons	reason	NOUN
easat-2335	296	31	why	why	SCONJ
easat-2335	296	32	esg	esg	NOUN
easat-2335	296	33	disclosure	disclosure	NOUN
easat-2335	296	34	can	can	AUX
easat-2335	296	35	negatively	negatively	ADV
easat-2335	296	36	affect	affect	VERB
easat-2335	296	37	tobin	tobin	PROPN
easat-2335	296	38	's	's	PART
easat-2335	296	39	q	q	NOUN
easat-2335	296	40	,	,	PUNCT
easat-2335	296	41	including	include	VERB
easat-2335	296	42	that	that	SCONJ
easat-2335	296	43	esg	esg	PROPN
easat-2335	296	44	disclosure	disclosure	NOUN
easat-2335	296	45	often	often	ADV
easat-2335	296	46	requires	require	VERB
easat-2335	296	47	significant	significant	ADJ
easat-2335	296	48	investment	investment	NOUN
easat-2335	296	49	in	in	ADP
easat-2335	296	50	reporting	reporting	NOUN
easat-2335	296	51	,	,	PUNCT
easat-2335	296	52	auditing	auditing	NOUN
easat-2335	296	53	,	,	PUNCT
easat-2335	296	54	and	and	CCONJ
easat-2335	296	55	data	datum	NOUN
easat-2335	296	56	management	management	NOUN
easat-2335	296	57	systems	system	NOUN
easat-2335	296	58	.	.	PUNCT
easat-2335	297	1	these	these	DET
easat-2335	297	2	costs	cost	NOUN
easat-2335	297	3	can	can	AUX
easat-2335	297	4	reduce	reduce	VERB
easat-2335	297	5	short	short	ADJ
easat-2335	297	6	-	-	PUNCT
easat-2335	297	7	term	term	NOUN
easat-2335	297	8	profitability	profitability	NOUN
easat-2335	297	9	and	and	CCONJ
easat-2335	297	10	affect	affect	VERB
easat-2335	297	11	tobin	tobin	PROPN
easat-2335	297	12	's	's	PART
easat-2335	297	13	q	q	NOUN
easat-2335	297	14	,	,	PUNCT
easat-2335	297	15	which	which	PRON
easat-2335	297	16	measures	measure	VERB
easat-2335	297	17	a	a	DET
easat-2335	297	18	company	company	NOUN
easat-2335	297	19	's	's	PART
easat-2335	297	20	market	market	NOUN
easat-2335	297	21	value	value	NOUN
easat-2335	297	22	relative	relative	ADJ
easat-2335	297	23	to	to	ADP
easat-2335	297	24	its	its	PRON
easat-2335	297	25	assets	asset	NOUN
easat-2335	297	26	'	'	PART
easat-2335	297	27	value	value	NOUN
easat-2335	297	28	.	.	PUNCT
easat-2335	298	1	in	in	ADP
easat-2335	298	2	addition	addition	NOUN
easat-2335	298	3	,	,	PUNCT
easat-2335	298	4	esg	esg	PROPN
easat-2335	298	5	disclosures	disclosure	NOUN
easat-2335	298	6	can	can	AUX
easat-2335	298	7	highlight	highlight	VERB
easat-2335	298	8	new	new	ADJ
easat-2335	298	9	risks	risk	NOUN
easat-2335	298	10	or	or	CCONJ
easat-2335	298	11	problems	problem	NOUN
easat-2335	298	12	that	that	PRON
easat-2335	298	13	have	have	AUX
easat-2335	298	14	not	not	PART
easat-2335	298	15	been	be	AUX
easat-2335	298	16	seen	see	VERB
easat-2335	298	17	before	before	ADV
easat-2335	298	18	.	.	PUNCT
easat-2335	299	1	this	this	PRON
easat-2335	299	2	could	could	AUX
easat-2335	299	3	lead	lead	VERB
easat-2335	299	4	to	to	ADP
easat-2335	299	5	the	the	DET
easat-2335	299	6	market	market	NOUN
easat-2335	299	7	seeing	see	VERB
easat-2335	299	8	companies	company	NOUN
easat-2335	299	9	as	as	ADP
easat-2335	299	10	more	more	ADV
easat-2335	299	11	risky	risky	ADJ
easat-2335	299	12	,	,	PUNCT
easat-2335	299	13	which	which	PRON
easat-2335	299	14	negatively	negatively	ADV
easat-2335	299	15	impacted	impact	VERB
easat-2335	299	16	market	market	NOUN
easat-2335	299	17	valuations	valuation	NOUN
easat-2335	299	18	,	,	PUNCT
easat-2335	299	19	and	and	CCONJ
easat-2335	299	20	tobin	tobin	PROPN
easat-2335	299	21	's	's	PART
easat-2335	299	22	q.	q.	PROPN
easat-2335	299	23	esg	esg	PROPN
easat-2335	299	24	disclosures	disclosure	NOUN
easat-2335	299	25	can	can	AUX
easat-2335	299	26	also	also	ADV
easat-2335	299	27	increase	increase	VERB
easat-2335	299	28	expectations	expectation	NOUN
easat-2335	299	29	of	of	ADP
easat-2335	299	30	corporate	corporate	ADJ
easat-2335	299	31	social	social	ADJ
easat-2335	299	32	responsibility	responsibility	NOUN
easat-2335	299	33	.	.	PUNCT
easat-2335	300	1	if	if	SCONJ
easat-2335	300	2	the	the	DET
easat-2335	300	3	company	company	NOUN
easat-2335	300	4	is	be	AUX
easat-2335	300	5	unable	unable	ADJ
easat-2335	300	6	to	to	PART
easat-2335	300	7	meet	meet	VERB
easat-2335	300	8	these	these	DET
easat-2335	300	9	expectations	expectation	NOUN
easat-2335	300	10	or	or	CCONJ
easat-2335	300	11	faces	face	VERB
easat-2335	300	12	criticism	criticism	NOUN
easat-2335	300	13	regarding	regard	VERB
easat-2335	300	14	the	the	DET
easat-2335	300	15	implementation	implementation	NOUN
easat-2335	300	16	of	of	ADP
easat-2335	300	17	esg	esg	PROPN
easat-2335	300	18	initiatives	initiative	NOUN
easat-2335	300	19	,	,	PUNCT
easat-2335	300	20	this	this	PRON
easat-2335	300	21	could	could	AUX
easat-2335	300	22	harm	harm	VERB
easat-2335	300	23	the	the	DET
easat-2335	300	24	company	company	NOUN
easat-2335	300	25	's	's	PART
easat-2335	300	26	image	image	NOUN
easat-2335	300	27	and	and	CCONJ
easat-2335	300	28	financial	financial	ADJ
easat-2335	300	29	performance	performance	NOUN
easat-2335	300	30	and	and	CCONJ
easat-2335	300	31	ultimately	ultimately	ADV
easat-2335	300	32	affect	affect	VERB
easat-2335	300	33	tobin	tobin	PROPN
easat-2335	300	34	's	's	PART
easat-2335	300	35	q.	q.	NOUN
easat-2335	300	36	additionally	additionally	ADV
easat-2335	300	37	,	,	PUNCT
easat-2335	300	38	investors	investor	NOUN
easat-2335	300	39	may	may	AUX
easat-2335	300	40	view	view	VERB
easat-2335	300	41	esg	esg	NOUN
easat-2335	300	42	disclosures	disclosure	NOUN
easat-2335	300	43	as	as	ADP
easat-2335	300	44	a	a	DET
easat-2335	300	45	sign	sign	NOUN
easat-2335	300	46	that	that	SCONJ
easat-2335	300	47	the	the	DET
easat-2335	300	48	company	company	NOUN
easat-2335	300	49	is	be	AUX
easat-2335	300	50	experiencing	experience	VERB
easat-2335	300	51	problems	problem	NOUN
easat-2335	300	52	or	or	CCONJ
easat-2335	300	53	trying	try	VERB
easat-2335	300	54	to	to	PART
easat-2335	300	55	improve	improve	VERB
easat-2335	300	56	something	something	PRON
easat-2335	300	57	profound	profound	ADJ
easat-2335	300	58	.	.	PUNCT
easat-2335	301	1	if	if	SCONJ
easat-2335	301	2	investors	investor	NOUN
easat-2335	301	3	perceive	perceive	VERB
easat-2335	301	4	the	the	DET
easat-2335	301	5	disclosure	disclosure	NOUN
easat-2335	301	6	as	as	ADP
easat-2335	301	7	a	a	DET
easat-2335	301	8	signal	signal	NOUN
easat-2335	301	9	of	of	ADP
easat-2335	301	10	internal	internal	ADJ
easat-2335	301	11	problems	problem	NOUN
easat-2335	301	12	,	,	PUNCT
easat-2335	301	13	it	it	PRON
easat-2335	301	14	could	could	AUX
easat-2335	301	15	lower	lower	VERB
easat-2335	301	16	the	the	DET
easat-2335	301	17	company	company	NOUN
easat-2335	301	18	's	's	PART
easat-2335	301	19	market	market	NOUN
easat-2335	301	20	valuation	valuation	NOUN
easat-2335	301	21	,	,	PUNCT
easat-2335	301	22	ultimately	ultimately	ADV
easat-2335	301	23	affecting	affect	VERB
easat-2335	301	24	tobin	tobin	NOUN
easat-2335	301	25	's	's	PART
easat-2335	301	26	q.	q.	NOUN
easat-2335	301	27	the	the	DET
easat-2335	301	28	analysis	analysis	NOUN
easat-2335	301	29	revealed	reveal	VERB
easat-2335	301	30	a	a	DET
easat-2335	301	31	significant	significant	ADJ
easat-2335	301	32	negative	negative	ADJ
easat-2335	301	33	effect	effect	NOUN
easat-2335	301	34	of	of	ADP
easat-2335	301	35	esg	esg	PROPN
easat-2335	301	36	disclosure	disclosure	NOUN
easat-2335	301	37	on	on	ADP
easat-2335	301	38	tobin	tobin	PROPN
easat-2335	301	39	's	's	PART
easat-2335	301	40	q	q	NOUN
easat-2335	301	41	for	for	ADP
easat-2335	301	42	the	the	DET
easat-2335	301	43	sampled	sample	VERB
easat-2335	301	44	indonesian	indonesian	ADJ
easat-2335	301	45	manufacturing	manufacturing	NOUN
easat-2335	301	46	companies	company	NOUN
easat-2335	301	47	.	.	PUNCT
easat-2335	302	1	tobin	tobin	PROPN
easat-2335	302	2	's	's	PART
easat-2335	302	3	q	q	NOUN
easat-2335	302	4	is	be	AUX
easat-2335	302	5	widely	widely	ADV
easat-2335	302	6	used	use	VERB
easat-2335	302	7	to	to	PART
easat-2335	302	8	assess	assess	VERB
easat-2335	302	9	a	a	DET
easat-2335	302	10	company	company	NOUN
easat-2335	302	11	's	's	PART
easat-2335	302	12	valuation	valuation	NOUN
easat-2335	302	13	,	,	PUNCT
easat-2335	302	14	with	with	ADP
easat-2335	302	15	values	value	NOUN
easat-2335	302	16	above	above	ADP
easat-2335	302	17	one	one	NUM
easat-2335	302	18	indicating	indicate	VERB
easat-2335	302	19	that	that	SCONJ
easat-2335	302	20	it	it	PRON
easat-2335	302	21	is	be	AUX
easat-2335	302	22	valued	value	VERB
easat-2335	302	23	higher	high	ADJ
easat-2335	302	24	than	than	ADP
easat-2335	302	25	its	its	PRON
easat-2335	302	26	asset	asset	NOUN
easat-2335	302	27	replacement	replacement	NOUN
easat-2335	302	28	cost	cost	NOUN
easat-2335	302	29	,	,	PUNCT
easat-2335	302	30	suggesting	suggest	VERB
easat-2335	302	31	growth	growth	NOUN
easat-2335	302	32	potential	potential	NOUN
easat-2335	302	33	.	.	PUNCT
easat-2335	303	1	in	in	ADP
easat-2335	303	2	this	this	DET
easat-2335	303	3	study	study	NOUN
easat-2335	303	4	,	,	PUNCT
easat-2335	303	5	out	out	ADP
easat-2335	303	6	of	of	ADP
easat-2335	303	7	167	167	NUM
easat-2335	303	8	observations	observation	NOUN
easat-2335	303	9	,	,	PUNCT
easat-2335	303	10	31	31	NUM
easat-2335	303	11	resulted	result	VERB
easat-2335	303	12	in	in	ADP
easat-2335	303	13	a	a	DET
easat-2335	303	14	tobin	tobin	NOUN
easat-2335	303	15	's	's	PART
easat-2335	303	16	q	q	NOUN
easat-2335	303	17	score	score	NOUN
easat-2335	303	18	below	below	ADP
easat-2335	303	19	1	1	NUM
easat-2335	303	20	,	,	PUNCT
easat-2335	303	21	indicating	indicate	VERB
easat-2335	303	22	that	that	SCONJ
easat-2335	303	23	for	for	ADP
easat-2335	303	24	these	these	DET
easat-2335	303	25	instances	instance	NOUN
easat-2335	303	26	,	,	PUNCT
easat-2335	303	27	the	the	DET
easat-2335	303	28	market	market	NOUN
easat-2335	303	29	valued	value	VERB
easat-2335	303	30	the	the	DET
easat-2335	303	31	company	company	NOUN
easat-2335	303	32	lower	low	ADJ
easat-2335	303	33	than	than	ADP
easat-2335	303	34	its	its	PRON
easat-2335	303	35	book	book	NOUN
easat-2335	303	36	value	value	NOUN
easat-2335	303	37	.	.	PUNCT
easat-2335	304	1	the	the	DET
easat-2335	304	2	negative	negative	ADJ
easat-2335	304	3	relationship	relationship	NOUN
easat-2335	304	4	between	between	ADP
easat-2335	304	5	esg	esg	PROPN
easat-2335	304	6	disclosure	disclosure	NOUN
easat-2335	304	7	and	and	CCONJ
easat-2335	304	8	tobin	tobin	NOUN
easat-2335	304	9	's	's	PART
easat-2335	304	10	q	q	NOUN
easat-2335	304	11	can	can	AUX
easat-2335	304	12	be	be	AUX
easat-2335	304	13	attributed	attribute	VERB
easat-2335	304	14	to	to	ADP
easat-2335	304	15	several	several	ADJ
easat-2335	304	16	factors	factor	NOUN
easat-2335	304	17	.	.	PUNCT
easat-2335	305	1	firstly	firstly	ADV
easat-2335	305	2	,	,	PUNCT
easat-2335	305	3	esg	esg	NOUN
easat-2335	305	4	reporting	reporting	NOUN
easat-2335	305	5	and	and	CCONJ
easat-2335	305	6	implementation	implementation	NOUN
easat-2335	305	7	often	often	ADV
easat-2335	305	8	lead	lead	VERB
easat-2335	305	9	to	to	ADP
easat-2335	305	10	increased	increase	VERB
easat-2335	305	11	costs	cost	NOUN
easat-2335	305	12	.	.	PUNCT
easat-2335	306	1	a	a	DET
easat-2335	306	2	2022	2022	NUM
easat-2335	306	3	study	study	NOUN
easat-2335	306	4	by	by	ADP
easat-2335	306	5	deloitte	deloitte	PROPN
easat-2335	306	6	found	find	VERB
easat-2335	306	7	that	that	SCONJ
easat-2335	306	8	companies	company	NOUN
easat-2335	306	9	spend	spend	VERB
easat-2335	306	10	an	an	DET
easat-2335	306	11	average	average	NOUN
easat-2335	306	12	of	of	ADP
easat-2335	306	13	$	$	SYM
easat-2335	306	14	677,000	677,000	NUM
easat-2335	306	15	annually	annually	ADV
easat-2335	306	16	on	on	ADP
easat-2335	306	17	esg	esg	PROPN
easat-2335	306	18	reporting	report	VERB
easat-2335	306	19	alone	alone	ADV
easat-2335	306	20	,	,	PUNCT
easat-2335	306	21	potentially	potentially	ADV
easat-2335	306	22	impacting	impact	VERB
easat-2335	306	23	shortterm	shortterm	NOUN
easat-2335	306	24	profitability	profitability	NOUN
easat-2335	306	25	and	and	CCONJ
easat-2335	306	26	market	market	NOUN
easat-2335	306	27	valuation	valuation	NOUN
easat-2335	306	28	.	.	PUNCT
easat-2335	307	1	secondly	secondly	ADV
easat-2335	307	2	,	,	PUNCT
easat-2335	307	3	esg	esg	PROPN
easat-2335	307	4	disclosures	disclosure	NOUN
easat-2335	307	5	highlight	highlight	VERB
easat-2335	307	6	new	new	ADJ
easat-2335	307	7	risks	risk	NOUN
easat-2335	307	8	,	,	PUNCT
easat-2335	307	9	potentially	potentially	ADV
easat-2335	307	10	lowering	lower	VERB
easat-2335	307	11	market	market	NOUN
easat-2335	307	12	valuations	valuation	NOUN
easat-2335	307	13	.	.	PUNCT
easat-2335	308	1	according	accord	VERB
easat-2335	308	2	to	to	ADP
easat-2335	308	3	a	a	DET
easat-2335	308	4	2023	2023	NUM
easat-2335	308	5	report	report	NOUN
easat-2335	308	6	by	by	ADP
easat-2335	308	7	s&p	s&p	PROPN
easat-2335	308	8	global	global	NOUN
easat-2335	308	9	,	,	PUNCT
easat-2335	308	10	increased	increase	VERB
easat-2335	308	11	transparency	transparency	NOUN
easat-2335	308	12	in	in	ADP
easat-2335	308	13	esg	esg	PROPN
easat-2335	308	14	reporting	reporting	NOUN
easat-2335	308	15	has	have	AUX
easat-2335	308	16	led	lead	VERB
easat-2335	308	17	to	to	ADP
easat-2335	308	18	greater	great	ADJ
easat-2335	308	19	scrutiny	scrutiny	NOUN
easat-2335	308	20	of	of	ADP
easat-2335	308	21	companies	company	NOUN
easat-2335	308	22	'	'	PART
easat-2335	308	23	risk	risk	NOUN
easat-2335	308	24	profiles	profile	NOUN
easat-2335	308	25	,	,	PUNCT
easat-2335	308	26	sometimes	sometimes	ADV
easat-2335	308	27	resulting	result	VERB
easat-2335	308	28	in	in	ADP
easat-2335	308	29	adverse	adverse	ADJ
easat-2335	308	30	market	market	NOUN
easat-2335	308	31	reactions	reaction	NOUN
easat-2335	308	32	.	.	PUNCT
easat-2335	309	1	additionally	additionally	ADV
easat-2335	309	2	,	,	PUNCT
easat-2335	309	3	esg	esg	PROPN
easat-2335	309	4	disclosures	disclosure	NOUN
easat-2335	309	5	can	can	AUX
easat-2335	309	6	raise	raise	VERB
easat-2335	309	7	stakeholder	stakeholder	NOUN
easat-2335	309	8	expectations	expectation	NOUN
easat-2335	309	9	.	.	PUNCT
easat-2335	310	1	if	if	SCONJ
easat-2335	310	2	these	these	DET
easat-2335	310	3	expectations	expectation	NOUN
easat-2335	310	4	are	be	AUX
easat-2335	310	5	not	not	PART
easat-2335	310	6	met	meet	VERB
easat-2335	310	7	,	,	PUNCT
easat-2335	310	8	it	it	PRON
easat-2335	310	9	could	could	AUX
easat-2335	310	10	harm	harm	VERB
easat-2335	310	11	the	the	DET
easat-2335	310	12	company	company	NOUN
easat-2335	310	13	's	's	PART
easat-2335	310	14	image	image	NOUN
easat-2335	310	15	and	and	CCONJ
easat-2335	310	16	financial	financial	ADJ
easat-2335	310	17	performance	performance	NOUN
easat-2335	310	18	.	.	PUNCT
easat-2335	311	1	a	a	DET
easat-2335	311	2	2022	2022	NUM
easat-2335	311	3	pwc	pwc	NOUN
easat-2335	311	4	survey	survey	NOUN
easat-2335	311	5	found	find	VERB
easat-2335	311	6	that	that	SCONJ
easat-2335	311	7	76	76	NUM
easat-2335	311	8	%	%	NOUN
easat-2335	311	9	of	of	ADP
easat-2335	311	10	consumers	consumer	NOUN
easat-2335	311	11	are	be	AUX
easat-2335	311	12	likelier	likeli	ADJ
easat-2335	311	13	to	to	PART
easat-2335	311	14	buy	buy	VERB
easat-2335	311	15	from	from	ADP
easat-2335	311	16	transparent	transparent	ADJ
easat-2335	311	17	companies	company	NOUN
easat-2335	311	18	about	about	ADP
easat-2335	311	19	their	their	PRON
easat-2335	311	20	esg	esg	NOUN
easat-2335	311	21	performance	performance	NOUN
easat-2335	311	22	,	,	PUNCT
easat-2335	311	23	highlighting	highlight	VERB
easat-2335	311	24	the	the	DET
easat-2335	311	25	importance	importance	NOUN
easat-2335	311	26	of	of	ADP
easat-2335	311	27	meeting	meet	VERB
easat-2335	311	28	stakeholder	stakeholder	NOUN
easat-2335	311	29	expectations	expectation	NOUN
easat-2335	311	30	.	.	PUNCT
easat-2335	312	1	lastly	lastly	ADV
easat-2335	312	2	,	,	PUNCT
easat-2335	312	3	some	some	DET
easat-2335	312	4	investors	investor	NOUN
easat-2335	312	5	view	view	VERB
easat-2335	312	6	extensive	extensive	ADJ
easat-2335	312	7	esg	esg	PROPN
easat-2335	312	8	1747	1747	NUM
easat-2335	312	9	edelweiss	edelweiss	PROPN
easat-2335	312	10	applied	apply	VERB
easat-2335	312	11	science	science	NOUN
easat-2335	312	12	and	and	CCONJ
easat-2335	312	13	technology	technology	NOUN
easat-2335	312	14	issn	issn	PROPN
easat-2335	312	15	:	:	PUNCT
easat-2335	312	16	2576	2576	NUM
easat-2335	312	17	-	-	SYM
easat-2335	312	18	8484	8484	NUM
easat-2335	312	19	vol	vol	NOUN
easat-2335	312	20	.	.	PROPN
easat-2335	312	21	8	8	NUM
easat-2335	312	22	,	,	PUNCT
easat-2335	312	23	no	no	INTJ
easat-2335	312	24	.	.	NOUN
easat-2335	313	1	6	6	NUM
easat-2335	313	2	:	:	SYM
easat-2335	313	3	1735	1735	NUM
easat-2335	313	4	-	-	SYM
easat-2335	313	5	1750	1750	NUM
easat-2335	313	6	,	,	PUNCT
easat-2335	313	7	2024	2024	NUM
easat-2335	313	8	doi	doi	NOUN
easat-2335	313	9	:	:	PUNCT
easat-2335	313	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	313	11	©	©	PROPN
easat-2335	313	12	2024	2024	NUM
easat-2335	313	13	by	by	ADP
easat-2335	313	14	the	the	DET
easat-2335	313	15	authors	author	NOUN
easat-2335	313	16	;	;	PUNCT
easat-2335	313	17	licensee	licensee	PROPN
easat-2335	313	18	learning	learn	VERB
easat-2335	313	19	gate	gate	NOUN
easat-2335	313	20	disclosures	disclosure	NOUN
easat-2335	313	21	as	as	ADP
easat-2335	313	22	a	a	DET
easat-2335	313	23	sign	sign	NOUN
easat-2335	313	24	of	of	ADP
easat-2335	313	25	internal	internal	ADJ
easat-2335	313	26	challenges	challenge	NOUN
easat-2335	313	27	,	,	PUNCT
easat-2335	313	28	leading	lead	VERB
easat-2335	313	29	to	to	ADP
easat-2335	313	30	lower	low	ADJ
easat-2335	313	31	market	market	NOUN
easat-2335	313	32	valuations	valuation	NOUN
easat-2335	313	33	.	.	PUNCT
easat-2335	314	1	this	this	PRON
easat-2335	314	2	aligns	align	VERB
easat-2335	314	3	with	with	ADP
easat-2335	314	4	findings	finding	NOUN
easat-2335	314	5	from	from	ADP
easat-2335	314	6	a	a	DET
easat-2335	314	7	2023	2023	NUM
easat-2335	314	8	mckinsey	mckinsey	NOUN
easat-2335	314	9	report	report	NOUN
easat-2335	314	10	,	,	PUNCT
easat-2335	314	11	which	which	PRON
easat-2335	314	12	noted	note	VERB
easat-2335	314	13	that	that	SCONJ
easat-2335	314	14	the	the	DET
easat-2335	314	15	market	market	NOUN
easat-2335	314	16	's	's	PART
easat-2335	314	17	interpretation	interpretation	NOUN
easat-2335	314	18	of	of	ADP
easat-2335	314	19	esg	esg	PROPN
easat-2335	314	20	disclosures	disclosure	NOUN
easat-2335	314	21	can	can	AUX
easat-2335	314	22	vary	vary	VERB
easat-2335	314	23	significantly	significantly	ADV
easat-2335	314	24	based	base	VERB
easat-2335	314	25	on	on	ADP
easat-2335	314	26	the	the	DET
easat-2335	314	27	perceived	perceive	VERB
easat-2335	314	28	materiality	materiality	NOUN
easat-2335	314	29	of	of	ADP
easat-2335	314	30	the	the	DET
easat-2335	314	31	information	information	NOUN
easat-2335	314	32	disclosed	disclose	VERB
easat-2335	314	33	.	.	PUNCT
easat-2335	315	1	4.6	4.6	NUM
easat-2335	315	2	.	.	PUNCT
easat-2335	315	3	model	model	NOUN
easat-2335	315	4	3	3	NUM
easat-2335	315	5	:	:	PUNCT
easat-2335	315	6	impact	impact	NOUN
easat-2335	315	7	of	of	ADP
easat-2335	315	8	esg	esg	PROPN
easat-2335	315	9	disclosure	disclosure	NOUN
easat-2335	315	10	on	on	ADP
easat-2335	315	11	competitive	competitive	ADJ
easat-2335	315	12	advantage	advantage	NOUN
easat-2335	315	13	table	table	NOUN
easat-2335	315	14	10	10	NUM
easat-2335	315	15	.	.	PUNCT
easat-2335	316	1	presents	present	VERB
easat-2335	316	2	statistical	statistical	ADJ
easat-2335	316	3	analysis	analysis	NOUN
easat-2335	316	4	for	for	ADP
easat-2335	316	5	several	several	ADJ
easat-2335	316	6	financial	financial	ADJ
easat-2335	316	7	and	and	CCONJ
easat-2335	316	8	performance	performance	NOUN
easat-2335	316	9	metrics	metric	NOUN
easat-2335	316	10	.	.	PUNCT
easat-2335	317	1	the	the	DET
easat-2335	317	2	constant	constant	ADJ
easat-2335	317	3	term	term	NOUN
easat-2335	317	4	shows	show	VERB
easat-2335	317	5	a	a	DET
easat-2335	317	6	large	large	ADJ
easat-2335	317	7	negative	negative	ADJ
easat-2335	317	8	value	value	NOUN
easat-2335	317	9	of	of	ADP
easat-2335	317	10	-19.700	-19.700	PROPN
easat-2335	317	11	,	,	PUNCT
easat-2335	317	12	indicating	indicate	VERB
easat-2335	317	13	a	a	DET
easat-2335	317	14	significant	significant	ADJ
easat-2335	317	15	baseline	baseline	ADJ
easat-2335	317	16	effect	effect	NOUN
easat-2335	317	17	in	in	ADP
easat-2335	317	18	the	the	DET
easat-2335	317	19	model	model	NOUN
easat-2335	317	20	.	.	PUNCT
easat-2335	318	1	total	total	ADJ
easat-2335	318	2	assets	asset	NOUN
easat-2335	318	3	demonstrates	demonstrate	VERB
easat-2335	318	4	a	a	DET
easat-2335	318	5	strong	strong	ADJ
easat-2335	318	6	positive	positive	ADJ
easat-2335	318	7	relationship	relationship	NOUN
easat-2335	318	8	with	with	ADP
easat-2335	318	9	the	the	DET
easat-2335	318	10	dependent	dependent	ADJ
easat-2335	318	11	variable	variable	NOUN
easat-2335	318	12	,	,	PUNCT
easat-2335	318	13	having	have	VERB
easat-2335	318	14	a	a	DET
easat-2335	318	15	coefficient	coefficient	NOUN
easat-2335	318	16	of	of	ADP
easat-2335	318	17	0.974	0.974	NUM
easat-2335	318	18	.	.	PUNCT
easat-2335	319	1	this	this	PRON
easat-2335	319	2	suggests	suggest	VERB
easat-2335	319	3	that	that	SCONJ
easat-2335	319	4	increases	increase	VERB
easat-2335	319	5	in	in	ADP
easat-2335	319	6	assets	asset	NOUN
easat-2335	319	7	are	be	AUX
easat-2335	319	8	associated	associate	VERB
easat-2335	319	9	with	with	ADP
easat-2335	319	10	substantial	substantial	ADJ
easat-2335	319	11	increases	increase	NOUN
easat-2335	319	12	in	in	ADP
easat-2335	319	13	the	the	DET
easat-2335	319	14	outcome	outcome	NOUN
easat-2335	319	15	being	be	AUX
easat-2335	319	16	measured	measure	VERB
easat-2335	319	17	.	.	PUNCT
easat-2335	320	1	return	return	NOUN
easat-2335	320	2	on	on	ADP
easat-2335	320	3	equity	equity	NOUN
easat-2335	320	4	(	(	PUNCT
easat-2335	320	5	roe	roe	PROPN
easat-2335	320	6	)	)	PUNCT
easat-2335	320	7	exhibits	exhibit	VERB
easat-2335	320	8	an	an	DET
easat-2335	320	9	unexpected	unexpected	ADJ
easat-2335	320	10	negative	negative	ADJ
easat-2335	320	11	relationship	relationship	NOUN
easat-2335	320	12	with	with	ADP
easat-2335	320	13	the	the	DET
easat-2335	320	14	dependent	dependent	ADJ
easat-2335	320	15	variable	variable	NOUN
easat-2335	320	16	,	,	PUNCT
easat-2335	320	17	as	as	SCONJ
easat-2335	320	18	shown	show	VERB
easat-2335	320	19	by	by	ADP
easat-2335	320	20	its	its	PRON
easat-2335	320	21	-0.412	-0.412	ADJ
easat-2335	320	22	coefficient	coefficient	NOUN
easat-2335	320	23	.	.	PUNCT
easat-2335	321	1	this	this	DET
easat-2335	321	2	counterintuitive	counterintuitive	ADJ
easat-2335	321	3	result	result	NOUN
easat-2335	321	4	may	may	AUX
easat-2335	321	5	warrant	warrant	VERB
easat-2335	321	6	further	further	ADJ
easat-2335	321	7	investigation	investigation	NOUN
easat-2335	321	8	.	.	PUNCT
easat-2335	322	1	the	the	DET
easat-2335	322	2	dividend	dividend	NOUN
easat-2335	322	3	payout	payout	NOUN
easat-2335	322	4	ratio	ratio	NOUN
easat-2335	322	5	(	(	PUNCT
easat-2335	322	6	dpr	dpr	PROPN
easat-2335	322	7	)	)	PUNCT
easat-2335	322	8	has	have	VERB
easat-2335	322	9	a	a	DET
easat-2335	322	10	small	small	ADJ
easat-2335	322	11	positive	positive	ADJ
easat-2335	322	12	coefficient	coefficient	NOUN
easat-2335	322	13	of	of	ADP
easat-2335	322	14	0.029	0.029	NUM
easat-2335	322	15	,	,	PUNCT
easat-2335	322	16	implying	imply	VERB
easat-2335	322	17	a	a	DET
easat-2335	322	18	slight	slight	ADJ
easat-2335	322	19	positive	positive	ADJ
easat-2335	322	20	impact	impact	NOUN
easat-2335	322	21	on	on	ADP
easat-2335	322	22	the	the	DET
easat-2335	322	23	outcome	outcome	NOUN
easat-2335	322	24	.	.	PUNCT
easat-2335	323	1	however	however	ADV
easat-2335	323	2	,	,	PUNCT
easat-2335	323	3	its	its	PRON
easat-2335	323	4	high	high	ADJ
easat-2335	323	5	p	p	NOUN
easat-2335	323	6	-	-	PUNCT
easat-2335	323	7	value	value	NOUN
easat-2335	323	8	of	of	ADP
easat-2335	323	9	0.498	0.498	NUM
easat-2335	323	10	suggests	suggest	VERB
easat-2335	323	11	this	this	DET
easat-2335	323	12	relationship	relationship	NOUN
easat-2335	323	13	may	may	AUX
easat-2335	323	14	not	not	PART
easat-2335	323	15	be	be	AUX
easat-2335	323	16	statistically	statistically	ADV
easat-2335	323	17	significant	significant	ADJ
easat-2335	323	18	.	.	PUNCT
easat-2335	324	1	environmental	environmental	ADJ
easat-2335	324	2	,	,	PUNCT
easat-2335	324	3	social	social	ADJ
easat-2335	324	4	,	,	PUNCT
easat-2335	324	5	and	and	CCONJ
easat-2335	324	6	governance	governance	NOUN
easat-2335	324	7	(	(	PUNCT
easat-2335	324	8	esg	esg	NOUN
easat-2335	324	9	)	)	PUNCT
easat-2335	324	10	factors	factor	NOUN
easat-2335	324	11	show	show	VERB
easat-2335	324	12	a	a	DET
easat-2335	324	13	negative	negative	ADJ
easat-2335	324	14	relationship	relationship	NOUN
easat-2335	324	15	with	with	ADP
easat-2335	324	16	the	the	DET
easat-2335	324	17	dependent	dependent	ADJ
easat-2335	324	18	variable	variable	NOUN
easat-2335	324	19	,	,	PUNCT
easat-2335	324	20	with	with	ADP
easat-2335	324	21	a	a	DET
easat-2335	324	22	coefficient	coefficient	NOUN
easat-2335	324	23	of	of	ADP
easat-2335	324	24	-2.002	-2.002	NOUN
easat-2335	324	25	.	.	PUNCT
easat-2335	325	1	this	this	PRON
easat-2335	325	2	could	could	AUX
easat-2335	325	3	indicate	indicate	VERB
easat-2335	325	4	that	that	SCONJ
easat-2335	325	5	higher	high	ADJ
easat-2335	325	6	esg	esg	PROPN
easat-2335	325	7	scores	score	NOUN
easat-2335	325	8	are	be	AUX
easat-2335	325	9	associated	associate	VERB
easat-2335	325	10	with	with	ADP
easat-2335	325	11	lower	low	ADJ
easat-2335	325	12	values	value	NOUN
easat-2335	325	13	of	of	ADP
easat-2335	325	14	the	the	DET
easat-2335	325	15	measured	measured	ADJ
easat-2335	325	16	outcome	outcome	NOUN
easat-2335	325	17	.	.	PUNCT
easat-2335	326	1	most	most	ADJ
easat-2335	326	2	variables	variable	NOUN
easat-2335	326	3	in	in	ADP
easat-2335	326	4	the	the	DET
easat-2335	326	5	analysis	analysis	NOUN
easat-2335	326	6	appear	appear	VERB
easat-2335	326	7	to	to	PART
easat-2335	326	8	be	be	AUX
easat-2335	326	9	statistically	statistically	ADV
easat-2335	326	10	significant	significant	ADJ
easat-2335	326	11	based	base	VERB
easat-2335	326	12	on	on	ADP
easat-2335	326	13	their	their	PRON
easat-2335	326	14	p	p	NOUN
easat-2335	326	15	-	-	PUNCT
easat-2335	326	16	values	value	NOUN
easat-2335	326	17	,	,	PUNCT
easat-2335	326	18	with	with	ADP
easat-2335	326	19	the	the	DET
easat-2335	326	20	exception	exception	NOUN
easat-2335	326	21	of	of	ADP
easat-2335	326	22	dpr	dpr	PROPN
easat-2335	326	23	.	.	PROPN
easat-2335	326	24	table	table	PROPN
easat-2335	326	25	10	10	NUM
easat-2335	326	26	.	.	PUNCT
easat-2335	327	1	impact	impact	NOUN
easat-2335	327	2	on	on	ADP
easat-2335	327	3	competitive	competitive	ADJ
easat-2335	327	4	advantages	advantage	NOUN
easat-2335	327	5	.	.	PUNCT
easat-2335	328	1	model	model	NOUN
easat-2335	328	2	1	1	NUM
easat-2335	328	3	unstandardized	unstandardized	ADJ
easat-2335	328	4	coef	coef	NOUN
easat-2335	328	5	.	.	PUNCT
easat-2335	329	1	std	std	NOUN
easat-2335	329	2	err	err	VERB
easat-2335	329	3	standardized	standardize	VERB
easat-2335	329	4	coef	coef	PROPN
easat-2335	329	5	beta	beta	PROPN
easat-2335	329	6	t	t	PROPN
easat-2335	329	7	sig	sig	PROPN
easat-2335	329	8	.	.	PUNCT
easat-2335	330	1	constant	constant	ADJ
easat-2335	330	2	-19.700	-19.700	NUM
easat-2335	330	3	1.862	1.862	NUM
easat-2335	330	4	-10.578	-10.578	NUM
easat-2335	330	5	0.000	0.000	NUM
easat-2335	330	6	total	total	ADJ
easat-2335	330	7	assets	asset	NOUN
easat-2335	330	8	0.974	0.974	NUM
easat-2335	330	9	0.112	0.112	NUM
easat-2335	330	10	0.085	0.085	NUM
easat-2335	330	11	8.685	8.685	NUM
easat-2335	330	12	0.000	0.000	NUM
easat-2335	330	13	roe	roe	NOUN
easat-2335	330	14	-0.412	-0.412	PROPN
easat-2335	330	15	0.020	0.020	NUM
easat-2335	330	16	-0.201	-0.201	NOUN
easat-2335	330	17	-20.414	-20.414	NUM
easat-2335	330	18	0.000	0.000	NUM
easat-2335	330	19	dpr	dpr	PROPN
easat-2335	330	20	0.029	0.029	NUM
easat-2335	330	21	0.043	0.043	NUM
easat-2335	330	22	0.007	0.007	NUM
easat-2335	330	23	0.681	0.681	NUM
easat-2335	330	24	0.498	0.498	NUM
easat-2335	330	25	esg	esg	NOUN
easat-2335	330	26	-2.002	-2.002	NOUN
easat-2335	330	27	0.020	0.020	NUM
easat-2335	330	28	-0.969	-0.969	SYM
easat-2335	330	29	-100.182	-100.182	PROPN
easat-2335	330	30	0.000	0.000	NUM
easat-2335	330	31	competitive	competitive	ADJ
easat-2335	330	32	advantage	advantage	NOUN
easat-2335	330	33	is	be	AUX
easat-2335	330	34	a	a	DET
easat-2335	330	35	unique	unique	ADJ
easat-2335	330	36	attribute	attribute	NOUN
easat-2335	330	37	or	or	CCONJ
easat-2335	330	38	quality	quality	NOUN
easat-2335	330	39	a	a	DET
easat-2335	330	40	company	company	NOUN
easat-2335	330	41	possesses	possess	VERB
easat-2335	330	42	that	that	PRON
easat-2335	330	43	allows	allow	VERB
easat-2335	330	44	it	it	PRON
easat-2335	330	45	to	to	PART
easat-2335	330	46	outperform	outperform	VERB
easat-2335	330	47	its	its	PRON
easat-2335	330	48	competitors	competitor	NOUN
easat-2335	330	49	in	in	ADP
easat-2335	330	50	the	the	DET
easat-2335	330	51	market	market	NOUN
easat-2335	330	52	.	.	PUNCT
easat-2335	331	1	competitive	competitive	ADJ
easat-2335	331	2	advantage	advantage	NOUN
easat-2335	331	3	can	can	AUX
easat-2335	331	4	come	come	VERB
easat-2335	331	5	from	from	ADP
easat-2335	331	6	various	various	ADJ
easat-2335	331	7	factors	factor	NOUN
easat-2335	331	8	,	,	PUNCT
easat-2335	331	9	such	such	ADJ
easat-2335	331	10	as	as	ADP
easat-2335	331	11	product	product	NOUN
easat-2335	331	12	innovation	innovation	NOUN
easat-2335	331	13	,	,	PUNCT
easat-2335	331	14	operational	operational	ADJ
easat-2335	331	15	efficiency	efficiency	NOUN
easat-2335	331	16	,	,	PUNCT
easat-2335	331	17	superior	superior	ADJ
easat-2335	331	18	customer	customer	NOUN
easat-2335	331	19	service	service	NOUN
easat-2335	331	20	,	,	PUNCT
easat-2335	331	21	or	or	CCONJ
easat-2335	331	22	ownership	ownership	NOUN
easat-2335	331	23	of	of	ADP
easat-2335	331	24	unique	unique	ADJ
easat-2335	331	25	resources	resource	NOUN
easat-2335	331	26	.	.	PUNCT
easat-2335	332	1	the	the	DET
easat-2335	332	2	formula	formula	NOUN
easat-2335	332	3	for	for	ADP
easat-2335	332	4	calculating	calculate	VERB
easat-2335	332	5	competitive	competitive	ADJ
easat-2335	332	6	advantage	advantage	NOUN
easat-2335	332	7	in	in	ADP
easat-2335	332	8	this	this	DET
easat-2335	332	9	study	study	NOUN
easat-2335	332	10	is	be	AUX
easat-2335	332	11	:	:	PUNCT
easat-2335	332	12	ca	can	AUX
easat-2335	332	13	=	=	PRON
easat-2335	332	14	return	return	VERB
easat-2335	332	15	on	on	ADP
easat-2335	332	16	invested	invest	VERB
easat-2335	332	17	capital	capital	NOUN
easat-2335	332	18	(	(	PUNCT
easat-2335	332	19	roic)−weighted	roic)−weighte	VERB
easat-2335	332	20	average	average	ADJ
easat-2335	332	21	cost	cost	NOUN
easat-2335	332	22	of	of	ADP
easat-2335	332	23	capital	capital	NOUN
easat-2335	332	24	(	(	PUNCT
easat-2335	332	25	wacc	wacc	PROPN
easat-2335	332	26	)	)	PUNCT
easat-2335	332	27	this	this	DET
easat-2335	332	28	formula	formula	NOUN
easat-2335	332	29	evaluates	evaluate	VERB
easat-2335	332	30	whether	whether	SCONJ
easat-2335	332	31	a	a	DET
easat-2335	332	32	company	company	NOUN
easat-2335	332	33	has	have	VERB
easat-2335	332	34	a	a	DET
easat-2335	332	35	sustainable	sustainable	ADJ
easat-2335	332	36	competitive	competitive	ADJ
easat-2335	332	37	advantage	advantage	NOUN
easat-2335	332	38	financially	financially	ADV
easat-2335	332	39	.	.	PUNCT
easat-2335	333	1	if	if	SCONJ
easat-2335	333	2	the	the	DET
easat-2335	333	3	roic	roic	ADJ
easat-2335	333	4	value	value	NOUN
easat-2335	333	5	is	be	AUX
easat-2335	333	6	more	more	ADV
easat-2335	333	7	significant	significant	ADJ
easat-2335	333	8	than	than	ADP
easat-2335	333	9	wacc	wacc	PROPN
easat-2335	333	10	,	,	PUNCT
easat-2335	333	11	then	then	ADV
easat-2335	333	12	the	the	DET
easat-2335	333	13	company	company	NOUN
easat-2335	333	14	generates	generate	VERB
easat-2335	333	15	a	a	DET
easat-2335	333	16	higher	high	ADJ
easat-2335	333	17	return	return	NOUN
easat-2335	333	18	on	on	ADP
easat-2335	333	19	the	the	DET
easat-2335	333	20	invested	invest	VERB
easat-2335	333	21	capital	capital	NOUN
easat-2335	333	22	than	than	ADP
easat-2335	333	23	the	the	DET
easat-2335	333	24	cost	cost	NOUN
easat-2335	333	25	of	of	ADP
easat-2335	333	26	acquiring	acquire	VERB
easat-2335	333	27	that	that	DET
easat-2335	333	28	capital	capital	NOUN
easat-2335	333	29	;	;	PUNCT
easat-2335	333	30	this	this	PRON
easat-2335	333	31	indicates	indicate	VERB
easat-2335	333	32	that	that	SCONJ
easat-2335	333	33	the	the	DET
easat-2335	333	34	company	company	NOUN
easat-2335	333	35	has	have	VERB
easat-2335	333	36	a	a	DET
easat-2335	333	37	competitive	competitive	ADJ
easat-2335	333	38	advantage	advantage	NOUN
easat-2335	333	39	because	because	SCONJ
easat-2335	333	40	it	it	PRON
easat-2335	333	41	manages	manage	VERB
easat-2335	333	42	to	to	PART
easat-2335	333	43	generate	generate	VERB
easat-2335	333	44	value	value	NOUN
easat-2335	333	45	for	for	ADP
easat-2335	333	46	shareholders	shareholder	NOUN
easat-2335	333	47	that	that	PRON
easat-2335	333	48	exceeds	exceed	VERB
easat-2335	333	49	the	the	DET
easat-2335	333	50	cost	cost	NOUN
easat-2335	333	51	of	of	ADP
easat-2335	333	52	capital	capital	NOUN
easat-2335	333	53	.	.	PUNCT
easat-2335	334	1	in	in	ADP
easat-2335	334	2	other	other	ADJ
easat-2335	334	3	words	word	NOUN
easat-2335	334	4	,	,	PUNCT
easat-2335	334	5	companies	company	NOUN
easat-2335	334	6	create	create	VERB
easat-2335	334	7	economic	economic	ADJ
easat-2335	334	8	value	value	NOUN
easat-2335	334	9	.	.	PUNCT
easat-2335	335	1	however	however	ADV
easat-2335	335	2	,	,	PUNCT
easat-2335	335	3	if	if	SCONJ
easat-2335	335	4	the	the	DET
easat-2335	335	5	roic	roic	NOUN
easat-2335	335	6	is	be	AUX
easat-2335	335	7	smaller	small	ADJ
easat-2335	335	8	than	than	ADP
easat-2335	335	9	wacc	wacc	PROPN
easat-2335	335	10	,	,	PUNCT
easat-2335	335	11	the	the	DET
easat-2335	335	12	company	company	NOUN
easat-2335	335	13	is	be	AUX
easat-2335	335	14	not	not	PART
easat-2335	335	15	generating	generate	VERB
easat-2335	335	16	enough	enough	ADJ
easat-2335	335	17	returns	return	NOUN
easat-2335	335	18	to	to	PART
easat-2335	335	19	cover	cover	VERB
easat-2335	335	20	its	its	PRON
easat-2335	335	21	capital	capital	NOUN
easat-2335	335	22	costs	cost	NOUN
easat-2335	335	23	.	.	PUNCT
easat-2335	336	1	this	this	PRON
easat-2335	336	2	means	mean	VERB
easat-2335	336	3	that	that	SCONJ
easat-2335	336	4	the	the	DET
easat-2335	336	5	company	company	NOUN
easat-2335	336	6	may	may	AUX
easat-2335	336	7	have	have	VERB
easat-2335	336	8	a	a	DET
easat-2335	336	9	low	low	ADJ
easat-2335	336	10	competitive	competitive	ADJ
easat-2335	336	11	advantage	advantage	NOUN
easat-2335	336	12	or	or	CCONJ
easat-2335	336	13	its	its	PRON
easat-2335	336	14	competitive	competitive	ADJ
easat-2335	336	15	advantage	advantage	NOUN
easat-2335	336	16	is	be	AUX
easat-2335	336	17	under	under	ADP
easat-2335	336	18	threat	threat	NOUN
easat-2335	336	19	.	.	PUNCT
easat-2335	337	1	in	in	ADP
easat-2335	337	2	the	the	DET
easat-2335	337	3	long	long	ADJ
easat-2335	337	4	run	run	NOUN
easat-2335	337	5	,	,	PUNCT
easat-2335	337	6	this	this	PRON
easat-2335	337	7	could	could	AUX
easat-2335	337	8	signal	signal	VERB
easat-2335	337	9	that	that	SCONJ
easat-2335	337	10	the	the	DET
easat-2335	337	11	company	company	NOUN
easat-2335	337	12	may	may	AUX
easat-2335	337	13	be	be	AUX
easat-2335	337	14	struggling	struggle	VERB
easat-2335	337	15	to	to	PART
easat-2335	337	16	sustain	sustain	VERB
easat-2335	337	17	its	its	PRON
easat-2335	337	18	growth	growth	NOUN
easat-2335	337	19	or	or	CCONJ
easat-2335	337	20	face	face	VERB
easat-2335	337	21	severe	severe	ADJ
easat-2335	337	22	challenges	challenge	NOUN
easat-2335	337	23	in	in	ADP
easat-2335	337	24	its	its	PRON
easat-2335	337	25	industry	industry	NOUN
easat-2335	337	26	.	.	PUNCT
easat-2335	338	1	based	base	VERB
easat-2335	338	2	on	on	ADP
easat-2335	338	3	the	the	DET
easat-2335	338	4	167	167	NUM
easat-2335	338	5	observations	observation	NOUN
easat-2335	338	6	made	make	VERB
easat-2335	338	7	in	in	ADP
easat-2335	338	8	this	this	DET
easat-2335	338	9	study	study	NOUN
easat-2335	338	10	,	,	PUNCT
easat-2335	338	11	167	167	NUM
easat-2335	338	12	observations	observation	NOUN
easat-2335	338	13	resulted	result	VERB
easat-2335	338	14	in	in	ADP
easat-2335	338	15	a	a	DET
easat-2335	338	16	negative	negative	ADJ
easat-2335	338	17	competitive	competitive	ADJ
easat-2335	338	18	advantage	advantage	NOUN
easat-2335	338	19	value	value	NOUN
easat-2335	338	20	,	,	PUNCT
easat-2335	338	21	meaning	mean	VERB
easat-2335	338	22	that	that	SCONJ
easat-2335	338	23	the	the	DET
easat-2335	338	24	roic	roic	ADJ
easat-2335	338	25	value	value	NOUN
easat-2335	338	26	is	be	AUX
easat-2335	338	27	less	less	ADJ
easat-2335	338	28	than	than	ADP
easat-2335	338	29	wacc	wacc	PROPN
easat-2335	338	30	,	,	PUNCT
easat-2335	338	31	and	and	CCONJ
easat-2335	338	32	the	the	DET
easat-2335	338	33	company	company	NOUN
easat-2335	338	34	may	may	AUX
easat-2335	338	35	face	face	VERB
easat-2335	338	36	the	the	DET
easat-2335	338	37	risk	risk	NOUN
easat-2335	338	38	of	of	ADP
easat-2335	338	39	losing	lose	VERB
easat-2335	338	40	its	its	PRON
easat-2335	338	41	competitiveness	competitiveness	NOUN
easat-2335	338	42	or	or	CCONJ
easat-2335	338	43	even	even	ADV
easat-2335	338	44	experiencing	experience	VERB
easat-2335	338	45	a	a	DET
easat-2335	338	46	loss	loss	NOUN
easat-2335	338	47	in	in	ADP
easat-2335	338	48	value	value	NOUN
easat-2335	338	49	.	.	PUNCT
easat-2335	339	1	this	this	PRON
easat-2335	339	2	is	be	AUX
easat-2335	339	3	in	in	ADP
easat-2335	339	4	line	line	NOUN
easat-2335	339	5	with	with	ADP
easat-2335	339	6	the	the	DET
easat-2335	339	7	results	result	NOUN
easat-2335	339	8	of	of	ADP
easat-2335	339	9	the	the	DET
easat-2335	339	10	3rd	3rd	ADJ
easat-2335	339	11	model	model	NOUN
easat-2335	339	12	test	test	NOUN
easat-2335	339	13	,	,	PUNCT
easat-2335	339	14	which	which	PRON
easat-2335	339	15	found	find	VERB
easat-2335	339	16	that	that	SCONJ
easat-2335	339	17	the	the	DET
easat-2335	339	18	esg	esg	PROPN
easat-2335	339	19	disclosure	disclosure	NOUN
easat-2335	339	20	made	make	VERB
easat-2335	339	21	by	by	ADP
easat-2335	339	22	the	the	DET
easat-2335	339	23	company	company	NOUN
easat-2335	339	24	in	in	ADP
easat-2335	339	25	this	this	DET
easat-2335	339	26	research	research	NOUN
easat-2335	339	27	sample	sample	NOUN
easat-2335	339	28	hurt	hurt	VERB
easat-2335	339	29	the	the	DET
easat-2335	339	30	company	company	NOUN
easat-2335	339	31	's	's	PART
easat-2335	339	32	competitive	competitive	ADJ
easat-2335	339	33	advantage	advantage	NOUN
easat-2335	339	34	.	.	PUNCT
easat-2335	340	1	1748	1748	NUM
easat-2335	340	2	edelweiss	edelweiss	PROPN
easat-2335	340	3	applied	apply	VERB
easat-2335	340	4	science	science	NOUN
easat-2335	340	5	and	and	CCONJ
easat-2335	340	6	technology	technology	NOUN
easat-2335	340	7	issn	issn	PROPN
easat-2335	340	8	:	:	PUNCT
easat-2335	340	9	2576	2576	NUM
easat-2335	340	10	-	-	SYM
easat-2335	340	11	8484	8484	NUM
easat-2335	340	12	vol	vol	NOUN
easat-2335	340	13	.	.	PROPN
easat-2335	340	14	8	8	NUM
easat-2335	340	15	,	,	PUNCT
easat-2335	340	16	no	no	INTJ
easat-2335	340	17	.	.	NOUN
easat-2335	341	1	6	6	NUM
easat-2335	341	2	:	:	SYM
easat-2335	341	3	1735	1735	NUM
easat-2335	341	4	-	-	SYM
easat-2335	341	5	1750	1750	NUM
easat-2335	341	6	,	,	PUNCT
easat-2335	341	7	2024	2024	NUM
easat-2335	341	8	doi	doi	NOUN
easat-2335	341	9	:	:	PUNCT
easat-2335	341	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	341	11	©	©	PROPN
easat-2335	341	12	2024	2024	NUM
easat-2335	341	13	by	by	ADP
easat-2335	341	14	the	the	DET
easat-2335	341	15	authors	author	NOUN
easat-2335	341	16	;	;	PUNCT
easat-2335	341	17	licensee	licensee	PROPN
easat-2335	341	18	learning	learning	NOUN
easat-2335	341	19	gate	gate	VERB
easat-2335	341	20	the	the	DET
easat-2335	341	21	analysis	analysis	NOUN
easat-2335	341	22	revealed	reveal	VERB
easat-2335	341	23	a	a	DET
easat-2335	341	24	significant	significant	ADJ
easat-2335	341	25	negative	negative	ADJ
easat-2335	341	26	effect	effect	NOUN
easat-2335	341	27	of	of	ADP
easat-2335	341	28	esg	esg	PROPN
easat-2335	341	29	disclosure	disclosure	NOUN
easat-2335	341	30	on	on	ADP
easat-2335	341	31	competitive	competitive	ADJ
easat-2335	341	32	advantage	advantage	NOUN
easat-2335	341	33	,	,	PUNCT
easat-2335	341	34	measured	measure	VERB
easat-2335	341	35	as	as	ADP
easat-2335	341	36	the	the	DET
easat-2335	341	37	difference	difference	NOUN
easat-2335	341	38	between	between	ADP
easat-2335	341	39	return	return	NOUN
easat-2335	341	40	on	on	ADP
easat-2335	341	41	invested	invest	VERB
easat-2335	341	42	capital	capital	NOUN
easat-2335	341	43	(	(	PUNCT
easat-2335	341	44	roic	roic	ADJ
easat-2335	341	45	)	)	PUNCT
easat-2335	341	46	and	and	CCONJ
easat-2335	341	47	weighted	weight	VERB
easat-2335	341	48	average	average	ADJ
easat-2335	341	49	cost	cost	NOUN
easat-2335	341	50	of	of	ADP
easat-2335	341	51	capital	capital	NOUN
easat-2335	341	52	(	(	PUNCT
easat-2335	341	53	wacc	wacc	PROPN
easat-2335	341	54	)	)	PUNCT
easat-2335	341	55	.	.	PUNCT
easat-2335	342	1	the	the	DET
easat-2335	342	2	study	study	NOUN
easat-2335	342	3	found	find	VERB
easat-2335	342	4	that	that	SCONJ
easat-2335	342	5	out	out	ADP
easat-2335	342	6	of	of	ADP
easat-2335	342	7	167	167	NUM
easat-2335	342	8	observations	observation	NOUN
easat-2335	342	9	,	,	PUNCT
easat-2335	342	10	68	68	NUM
easat-2335	342	11	resulted	result	VERB
easat-2335	342	12	in	in	ADP
easat-2335	342	13	a	a	DET
easat-2335	342	14	negative	negative	ADJ
easat-2335	342	15	competitive	competitive	ADJ
easat-2335	342	16	advantage	advantage	NOUN
easat-2335	342	17	value	value	NOUN
easat-2335	342	18	,	,	PUNCT
easat-2335	342	19	indicating	indicate	VERB
easat-2335	342	20	that	that	SCONJ
easat-2335	342	21	most	most	ADJ
easat-2335	342	22	companies	company	NOUN
easat-2335	342	23	in	in	ADP
easat-2335	342	24	the	the	DET
easat-2335	342	25	sample	sample	NOUN
easat-2335	342	26	struggled	struggle	VERB
easat-2335	342	27	to	to	PART
easat-2335	342	28	generate	generate	VERB
easat-2335	342	29	returns	return	NOUN
easat-2335	342	30	above	above	ADP
easat-2335	342	31	their	their	PRON
easat-2335	342	32	cost	cost	NOUN
easat-2335	342	33	of	of	ADP
easat-2335	342	34	capital	capital	NOUN
easat-2335	342	35	.	.	PUNCT
easat-2335	343	1	this	this	PRON
easat-2335	343	2	aligns	align	VERB
easat-2335	343	3	with	with	ADP
easat-2335	343	4	a	a	DET
easat-2335	343	5	2022	2022	NUM
easat-2335	343	6	report	report	NOUN
easat-2335	343	7	by	by	ADP
easat-2335	343	8	bain	bain	PROPN
easat-2335	343	9	&	&	CCONJ
easat-2335	343	10	company	company	PROPN
easat-2335	343	11	,	,	PUNCT
easat-2335	343	12	which	which	PRON
easat-2335	343	13	found	find	VERB
easat-2335	343	14	that	that	SCONJ
easat-2335	343	15	only	only	ADV
easat-2335	343	16	30	30	NUM
easat-2335	343	17	%	%	NOUN
easat-2335	343	18	of	of	ADP
easat-2335	343	19	companies	company	NOUN
easat-2335	343	20	globally	globally	ADV
easat-2335	343	21	consistently	consistently	ADV
easat-2335	343	22	create	create	VERB
easat-2335	343	23	value	value	NOUN
easat-2335	343	24	above	above	ADP
easat-2335	343	25	their	their	PRON
easat-2335	343	26	cost	cost	NOUN
easat-2335	343	27	of	of	ADP
easat-2335	343	28	capital	capital	NOUN
easat-2335	343	29	.	.	PUNCT
easat-2335	344	1	the	the	DET
easat-2335	344	2	negative	negative	ADJ
easat-2335	344	3	relationship	relationship	NOUN
easat-2335	344	4	between	between	ADP
easat-2335	344	5	esg	esg	PROPN
easat-2335	344	6	disclosure	disclosure	NOUN
easat-2335	344	7	and	and	CCONJ
easat-2335	344	8	competitive	competitive	ADJ
easat-2335	344	9	advantage	advantage	NOUN
easat-2335	344	10	can	can	AUX
easat-2335	344	11	be	be	AUX
easat-2335	344	12	attributed	attribute	VERB
easat-2335	344	13	to	to	ADP
easat-2335	344	14	several	several	ADJ
easat-2335	344	15	factors	factor	NOUN
easat-2335	344	16	.	.	PUNCT
easat-2335	345	1	firstly	firstly	ADV
easat-2335	345	2	,	,	PUNCT
easat-2335	345	3	an	an	DET
easat-2335	345	4	excessive	excessive	ADJ
easat-2335	345	5	focus	focus	NOUN
easat-2335	345	6	on	on	ADP
easat-2335	345	7	esg	esg	NOUN
easat-2335	345	8	compliance	compliance	NOUN
easat-2335	345	9	may	may	AUX
easat-2335	345	10	divert	divert	VERB
easat-2335	345	11	resources	resource	NOUN
easat-2335	345	12	from	from	ADP
easat-2335	345	13	innovation	innovation	NOUN
easat-2335	345	14	and	and	CCONJ
easat-2335	345	15	r&d	r&d	NOUN
easat-2335	345	16	activities	activity	NOUN
easat-2335	345	17	.	.	PUNCT
easat-2335	346	1	a	a	DET
easat-2335	346	2	2023	2023	NUM
easat-2335	346	3	mit	mit	PROPN
easat-2335	346	4	sloan	sloan	PROPN
easat-2335	346	5	management	management	NOUN
easat-2335	346	6	review	review	NOUN
easat-2335	346	7	study	study	NOUN
easat-2335	346	8	highlighted	highlight	VERB
easat-2335	346	9	that	that	SCONJ
easat-2335	346	10	balancing	balance	VERB
easat-2335	346	11	esg	esg	PROPN
easat-2335	346	12	initiatives	initiative	NOUN
easat-2335	346	13	with	with	ADP
easat-2335	346	14	core	core	NOUN
easat-2335	346	15	business	business	NOUN
easat-2335	346	16	innovation	innovation	NOUN
easat-2335	346	17	remains	remain	VERB
easat-2335	346	18	a	a	DET
easat-2335	346	19	significant	significant	ADJ
easat-2335	346	20	challenge	challenge	NOUN
easat-2335	346	21	for	for	ADP
easat-2335	346	22	many	many	ADJ
easat-2335	346	23	companies	company	NOUN
easat-2335	346	24	.	.	PUNCT
easat-2335	347	1	secondly	secondly	ADV
easat-2335	347	2	,	,	PUNCT
easat-2335	347	3	esg	esg	PROPN
easat-2335	347	4	disclosures	disclosure	NOUN
easat-2335	347	5	may	may	AUX
easat-2335	347	6	increase	increase	VERB
easat-2335	347	7	pressure	pressure	NOUN
easat-2335	347	8	from	from	ADP
easat-2335	347	9	various	various	ADJ
easat-2335	347	10	stakeholders	stakeholder	NOUN
easat-2335	347	11	,	,	PUNCT
easat-2335	347	12	forcing	force	VERB
easat-2335	347	13	companies	company	NOUN
easat-2335	347	14	to	to	PART
easat-2335	347	15	shift	shift	VERB
easat-2335	347	16	focus	focus	NOUN
easat-2335	347	17	from	from	ADP
easat-2335	347	18	core	core	NOUN
easat-2335	347	19	strategies	strategy	NOUN
easat-2335	347	20	.	.	PUNCT
easat-2335	348	1	the	the	DET
easat-2335	348	2	2022	2022	NUM
easat-2335	348	3	ey	ey	PRON
easat-2335	348	4	global	global	ADJ
easat-2335	348	5	institutional	institutional	ADJ
easat-2335	348	6	investor	investor	NOUN
easat-2335	348	7	survey	survey	NOUN
easat-2335	348	8	found	find	VERB
easat-2335	348	9	that	that	SCONJ
easat-2335	348	10	78	78	NUM
easat-2335	348	11	%	%	NOUN
easat-2335	348	12	of	of	ADP
easat-2335	348	13	investors	investor	NOUN
easat-2335	348	14	conduct	conduct	VERB
easat-2335	348	15	a	a	DET
easat-2335	348	16	structured	structured	ADJ
easat-2335	348	17	evaluation	evaluation	NOUN
easat-2335	348	18	of	of	ADP
easat-2335	348	19	esg	esg	PROPN
easat-2335	348	20	disclosures	disclosure	NOUN
easat-2335	348	21	,	,	PUNCT
easat-2335	348	22	which	which	PRON
easat-2335	348	23	can	can	AUX
easat-2335	348	24	influence	influence	VERB
easat-2335	348	25	corporate	corporate	ADJ
easat-2335	348	26	decision	decision	NOUN
easat-2335	348	27	-	-	PUNCT
easat-2335	348	28	making	making	NOUN
easat-2335	348	29	.	.	PUNCT
easat-2335	349	1	additionally	additionally	ADV
easat-2335	349	2	,	,	PUNCT
easat-2335	349	3	detailed	detailed	ADJ
easat-2335	349	4	esg	esg	NOUN
easat-2335	349	5	disclosures	disclosure	NOUN
easat-2335	349	6	might	might	AUX
easat-2335	349	7	reveal	reveal	VERB
easat-2335	349	8	company	company	NOUN
easat-2335	349	9	strategies	strategy	NOUN
easat-2335	349	10	to	to	ADP
easat-2335	349	11	competitors	competitor	NOUN
easat-2335	349	12	,	,	PUNCT
easat-2335	349	13	reducing	reduce	VERB
easat-2335	349	14	first	first	ADJ
easat-2335	349	15	-	-	PUNCT
easat-2335	349	16	mover	mover	NOUN
easat-2335	349	17	advantages	advantage	NOUN
easat-2335	349	18	.	.	PUNCT
easat-2335	350	1	a	a	DET
easat-2335	350	2	2023	2023	NUM
easat-2335	350	3	harvard	harvard	PROPN
easat-2335	350	4	business	business	NOUN
easat-2335	350	5	review	review	NOUN
easat-2335	350	6	article	article	NOUN
easat-2335	350	7	noted	note	VERB
easat-2335	350	8	that	that	SCONJ
easat-2335	350	9	as	as	SCONJ
easat-2335	350	10	esg	esg	PROPN
easat-2335	350	11	reporting	reporting	NOUN
easat-2335	350	12	becomes	become	VERB
easat-2335	350	13	more	more	ADV
easat-2335	350	14	standardized	standardized	ADJ
easat-2335	350	15	,	,	PUNCT
easat-2335	350	16	companies	company	NOUN
easat-2335	350	17	find	find	VERB
easat-2335	350	18	it	it	PRON
easat-2335	350	19	increasingly	increasingly	ADV
easat-2335	350	20	challenging	challenge	VERB
easat-2335	350	21	to	to	PART
easat-2335	350	22	differentiate	differentiate	VERB
easat-2335	350	23	solely	solely	ADV
easat-2335	350	24	based	base	VERB
easat-2335	350	25	on	on	ADP
easat-2335	350	26	esg	esg	PROPN
easat-2335	350	27	performance	performance	NOUN
easat-2335	350	28	.	.	PUNCT
easat-2335	351	1	lastly	lastly	ADV
easat-2335	351	2	,	,	PUNCT
easat-2335	351	3	as	as	SCONJ
easat-2335	351	4	esg	esg	NOUN
easat-2335	351	5	practices	practice	NOUN
easat-2335	351	6	become	become	VERB
easat-2335	351	7	more	more	ADV
easat-2335	351	8	common	common	ADJ
easat-2335	351	9	across	across	ADP
easat-2335	351	10	industries	industry	NOUN
easat-2335	351	11	,	,	PUNCT
easat-2335	351	12	they	they	PRON
easat-2335	351	13	may	may	AUX
easat-2335	351	14	cease	cease	VERB
easat-2335	351	15	to	to	PART
easat-2335	351	16	be	be	AUX
easat-2335	351	17	a	a	DET
easat-2335	351	18	differentiating	differentiate	VERB
easat-2335	351	19	factor	factor	NOUN
easat-2335	351	20	,	,	PUNCT
easat-2335	351	21	potentially	potentially	ADV
easat-2335	351	22	eroding	erode	VERB
easat-2335	351	23	esg	esg	NOUN
easat-2335	351	24	-	-	PUNCT
easat-2335	351	25	based	base	VERB
easat-2335	351	26	competitive	competitive	ADJ
easat-2335	351	27	advantages	advantage	NOUN
easat-2335	351	28	.	.	PUNCT
easat-2335	352	1	the	the	DET
easat-2335	352	2	2023	2023	NUM
easat-2335	352	3	kpmg	kpmg	PROPN
easat-2335	352	4	survey	survey	NOUN
easat-2335	352	5	of	of	ADP
easat-2335	352	6	sustainability	sustainability	NOUN
easat-2335	352	7	reporting	reporting	NOUN
easat-2335	352	8	found	find	VERB
easat-2335	352	9	that	that	SCONJ
easat-2335	352	10	96	96	NUM
easat-2335	352	11	%	%	NOUN
easat-2335	352	12	of	of	ADP
easat-2335	352	13	g250	g250	PROPN
easat-2335	352	14	companies	company	NOUN
easat-2335	352	15	now	now	ADV
easat-2335	352	16	report	report	VERB
easat-2335	352	17	on	on	ADP
easat-2335	352	18	sustainability	sustainability	NOUN
easat-2335	352	19	,	,	PUNCT
easat-2335	352	20	indicating	indicate	VERB
easat-2335	352	21	the	the	DET
easat-2335	352	22	widespread	widespread	ADJ
easat-2335	352	23	adoption	adoption	NOUN
easat-2335	352	24	of	of	ADP
easat-2335	352	25	esg	esg	PROPN
easat-2335	352	26	practices	practice	NOUN
easat-2335	352	27	.	.	PUNCT
easat-2335	353	1	5	5	X
easat-2335	353	2	.	.	X
easat-2335	353	3	conclusion	conclusion	NOUN
easat-2335	353	4	this	this	DET
easat-2335	353	5	study	study	NOUN
easat-2335	353	6	on	on	ADP
easat-2335	353	7	the	the	DET
easat-2335	353	8	impact	impact	NOUN
easat-2335	353	9	of	of	ADP
easat-2335	353	10	environmental	environmental	ADJ
easat-2335	353	11	,	,	PUNCT
easat-2335	353	12	social	social	ADJ
easat-2335	353	13	,	,	PUNCT
easat-2335	353	14	and	and	CCONJ
easat-2335	353	15	governance	governance	NOUN
easat-2335	353	16	(	(	PUNCT
easat-2335	353	17	esg	esg	NOUN
easat-2335	353	18	)	)	PUNCT
easat-2335	353	19	disclosure	disclosure	NOUN
easat-2335	353	20	on	on	ADP
easat-2335	353	21	the	the	DET
easat-2335	353	22	financial	financial	ADJ
easat-2335	353	23	performance	performance	NOUN
easat-2335	353	24	of	of	ADP
easat-2335	353	25	indonesian	indonesian	ADJ
easat-2335	353	26	manufacturing	manufacturing	NOUN
easat-2335	353	27	companies	company	NOUN
easat-2335	353	28	has	have	AUX
easat-2335	353	29	yielded	yield	VERB
easat-2335	353	30	intriguing	intriguing	ADJ
easat-2335	353	31	results	result	NOUN
easat-2335	353	32	that	that	PRON
easat-2335	353	33	align	align	VERB
easat-2335	353	34	with	with	ADP
easat-2335	353	35	and	and	CCONJ
easat-2335	353	36	diverge	diverge	VERB
easat-2335	353	37	from	from	ADP
easat-2335	353	38	existing	exist	VERB
easat-2335	353	39	literature	literature	NOUN
easat-2335	353	40	.	.	PUNCT
easat-2335	354	1	our	our	PRON
easat-2335	354	2	findings	finding	NOUN
easat-2335	354	3	reveal	reveal	VERB
easat-2335	354	4	a	a	DET
easat-2335	354	5	complex	complex	ADJ
easat-2335	354	6	relationship	relationship	NOUN
easat-2335	354	7	between	between	ADP
easat-2335	354	8	esg	esg	NOUN
easat-2335	354	9	practices	practice	NOUN
easat-2335	354	10	and	and	CCONJ
easat-2335	354	11	various	various	ADJ
easat-2335	354	12	measures	measure	NOUN
easat-2335	354	13	of	of	ADP
easat-2335	354	14	corporate	corporate	ADJ
easat-2335	354	15	performance	performance	NOUN
easat-2335	354	16	,	,	PUNCT
easat-2335	354	17	challenging	challenge	VERB
easat-2335	354	18	some	some	DET
easat-2335	354	19	prevailing	prevail	VERB
easat-2335	354	20	assumptions	assumption	NOUN
easat-2335	354	21	about	about	ADP
easat-2335	354	22	the	the	DET
easat-2335	354	23	benefits	benefit	NOUN
easat-2335	354	24	of	of	ADP
easat-2335	354	25	esg	esg	PROPN
easat-2335	354	26	disclosure	disclosure	NOUN
easat-2335	354	27	.	.	PUNCT
easat-2335	355	1	our	our	PRON
easat-2335	355	2	results	result	NOUN
easat-2335	355	3	indicate	indicate	VERB
easat-2335	355	4	a	a	DET
easat-2335	355	5	significant	significant	ADJ
easat-2335	355	6	negative	negative	ADJ
easat-2335	355	7	relationship	relationship	NOUN
easat-2335	355	8	between	between	ADP
easat-2335	355	9	esg	esg	PROPN
easat-2335	355	10	disclosure	disclosure	NOUN
easat-2335	355	11	,	,	PUNCT
easat-2335	355	12	stock	stock	NOUN
easat-2335	355	13	returns	return	NOUN
easat-2335	355	14	,	,	PUNCT
easat-2335	355	15	tobin	tobin	PROPN
easat-2335	355	16	's	's	PART
easat-2335	355	17	q	q	NOUN
easat-2335	355	18	,	,	PUNCT
easat-2335	355	19	and	and	CCONJ
easat-2335	355	20	competitive	competitive	ADJ
easat-2335	355	21	advantage	advantage	NOUN
easat-2335	355	22	.	.	PUNCT
easat-2335	356	1	this	this	DET
easat-2335	356	2	finding	finding	NOUN
easat-2335	356	3	contrasts	contrast	VERB
easat-2335	356	4	with	with	ADP
easat-2335	356	5	several	several	ADJ
easat-2335	356	6	studies	study	NOUN
easat-2335	356	7	that	that	PRON
easat-2335	356	8	have	have	AUX
easat-2335	356	9	reported	report	VERB
easat-2335	356	10	positive	positive	ADJ
easat-2335	356	11	correlations	correlation	NOUN
easat-2335	356	12	between	between	ADP
easat-2335	356	13	esg	esg	NOUN
easat-2335	356	14	performance	performance	NOUN
easat-2335	356	15	and	and	CCONJ
easat-2335	356	16	financial	financial	ADJ
easat-2335	356	17	outcomes	outcome	NOUN
easat-2335	356	18	.	.	PUNCT
easat-2335	357	1	for	for	ADP
easat-2335	357	2	instance	instance	NOUN
easat-2335	357	3	,	,	PUNCT
easat-2335	357	4	a	a	DET
easat-2335	357	5	meta	meta	NOUN
easat-2335	357	6	-	-	PUNCT
easat-2335	357	7	analysis	analysis	NOUN
easat-2335	357	8	by	by	ADP
easat-2335	357	9	friede	friede	NOUN
easat-2335	357	10	et	et	PROPN
easat-2335	357	11	al	al	PROPN
easat-2335	357	12	.	.	PROPN
easat-2335	358	1	(	(	PUNCT
easat-2335	358	2	2015	2015	NUM
easat-2335	358	3	)	)	PUNCT
easat-2335	358	4	found	find	VERB
easat-2335	358	5	that	that	SCONJ
easat-2335	358	6	most	most	ADJ
easat-2335	358	7	studies	study	NOUN
easat-2335	358	8	report	report	VERB
easat-2335	358	9	positive	positive	ADJ
easat-2335	358	10	relationships	relationship	NOUN
easat-2335	358	11	between	between	ADP
easat-2335	358	12	esg	esg	PROPN
easat-2335	358	13	criteria	criterion	NOUN
easat-2335	358	14	and	and	CCONJ
easat-2335	358	15	corporate	corporate	ADJ
easat-2335	358	16	financial	financial	ADJ
easat-2335	358	17	performance	performance	NOUN
easat-2335	358	18	.	.	PUNCT
easat-2335	359	1	however	however	ADV
easat-2335	359	2	,	,	PUNCT
easat-2335	359	3	our	our	PRON
easat-2335	359	4	results	result	NOUN
easat-2335	359	5	align	align	VERB
easat-2335	359	6	more	more	ADV
easat-2335	359	7	closely	closely	ADV
easat-2335	359	8	with	with	ADP
easat-2335	359	9	research	research	NOUN
easat-2335	359	10	by	by	ADP
easat-2335	359	11	duque	duque	ADJ
easat-2335	359	12	-	-	PUNCT
easat-2335	359	13	grisales	grisale	NOUN
easat-2335	359	14	and	and	CCONJ
easat-2335	359	15	aguilera	aguilera	NOUN
easat-2335	359	16	-	-	PUNCT
easat-2335	359	17	caracuel	caracuel	NOUN
easat-2335	359	18	(	(	PUNCT
easat-2335	359	19	2021	2021	NUM
easat-2335	359	20	)	)	PUNCT
easat-2335	359	21	,	,	PUNCT
easat-2335	359	22	who	who	PRON
easat-2335	359	23	found	find	VERB
easat-2335	359	24	that	that	SCONJ
easat-2335	359	25	esg	esg	PROPN
easat-2335	359	26	disclosure	disclosure	NOUN
easat-2335	359	27	can	can	AUX
easat-2335	359	28	hurt	hurt	VERB
easat-2335	359	29	firm	firm	ADJ
easat-2335	359	30	performance	performance	NOUN
easat-2335	359	31	in	in	ADP
easat-2335	359	32	emerging	emerge	VERB
easat-2335	359	33	markets	market	NOUN
easat-2335	359	34	due	due	ADJ
easat-2335	359	35	to	to	ADP
easat-2335	359	36	the	the	DET
easat-2335	359	37	associated	associated	ADJ
easat-2335	359	38	costs	cost	NOUN
easat-2335	359	39	and	and	CCONJ
easat-2335	359	40	market	market	NOUN
easat-2335	359	41	scepticism	scepticism	NOUN
easat-2335	359	42	.	.	PUNCT
easat-2335	360	1	the	the	DET
easat-2335	360	2	negative	negative	ADJ
easat-2335	360	3	impact	impact	NOUN
easat-2335	360	4	on	on	ADP
easat-2335	360	5	tobin	tobin	PROPN
easat-2335	360	6	's	's	PART
easat-2335	360	7	q	q	NOUN
easat-2335	360	8	in	in	ADP
easat-2335	360	9	our	our	PRON
easat-2335	360	10	study	study	NOUN
easat-2335	360	11	is	be	AUX
easat-2335	360	12	particularly	particularly	ADV
easat-2335	360	13	noteworthy	noteworthy	ADJ
easat-2335	360	14	,	,	PUNCT
easat-2335	360	15	as	as	SCONJ
easat-2335	360	16	it	it	PRON
easat-2335	360	17	contradicts	contradict	VERB
easat-2335	360	18	findings	finding	NOUN
easat-2335	360	19	by	by	ADP
easat-2335	360	20	authors	author	NOUN
easat-2335	360	21	like	like	ADP
easat-2335	360	22	fatemi	fatemi	PROPN
easat-2335	360	23	et	et	PROPN
easat-2335	360	24	al	al	PROPN
easat-2335	360	25	.	.	PROPN
easat-2335	361	1	(	(	PUNCT
easat-2335	361	2	2018	2018	NUM
easat-2335	361	3	)	)	PUNCT
easat-2335	361	4	,	,	PUNCT
easat-2335	361	5	who	who	PRON
easat-2335	361	6	reported	report	VERB
easat-2335	361	7	a	a	DET
easat-2335	361	8	positive	positive	ADJ
easat-2335	361	9	relationship	relationship	NOUN
easat-2335	361	10	between	between	ADP
easat-2335	361	11	esg	esg	NOUN
easat-2335	361	12	performance	performance	NOUN
easat-2335	361	13	and	and	CCONJ
easat-2335	361	14	firm	firm	ADJ
easat-2335	361	15	value	value	NOUN
easat-2335	361	16	.	.	PUNCT
easat-2335	362	1	however	however	ADV
easat-2335	362	2	,	,	PUNCT
easat-2335	362	3	our	our	PRON
easat-2335	362	4	results	result	NOUN
easat-2335	362	5	are	be	AUX
easat-2335	362	6	consistent	consistent	ADJ
easat-2335	362	7	with	with	ADP
easat-2335	362	8	research	research	NOUN
easat-2335	362	9	by	by	ADP
easat-2335	362	10	gómez‐bezares	gómez‐bezare	NOUN
easat-2335	362	11	et	et	PROPN
easat-2335	362	12	al	al	PROPN
easat-2335	362	13	.	.	PROPN
easat-2335	363	1	(	(	PUNCT
easat-2335	363	2	2017	2017	NUM
easat-2335	363	3	)	)	PUNCT
easat-2335	363	4	,	,	PUNCT
easat-2335	363	5	which	which	PRON
easat-2335	363	6	found	find	VERB
easat-2335	363	7	that	that	SCONJ
easat-2335	363	8	the	the	DET
easat-2335	363	9	market	market	NOUN
easat-2335	363	10	may	may	AUX
easat-2335	363	11	not	not	PART
easat-2335	363	12	always	always	ADV
easat-2335	363	13	value	value	VERB
easat-2335	363	14	esg	esg	NOUN
easat-2335	363	15	initiatives	initiative	NOUN
easat-2335	363	16	positively	positively	ADV
easat-2335	363	17	in	in	ADP
easat-2335	363	18	the	the	DET
easat-2335	363	19	short	short	ADJ
easat-2335	363	20	term	term	NOUN
easat-2335	363	21	.	.	PUNCT
easat-2335	364	1	our	our	PRON
easat-2335	364	2	finding	finding	NOUN
easat-2335	364	3	of	of	ADP
easat-2335	364	4	a	a	DET
easat-2335	364	5	negative	negative	ADJ
easat-2335	364	6	relationship	relationship	NOUN
easat-2335	364	7	between	between	ADP
easat-2335	364	8	esg	esg	PROPN
easat-2335	364	9	disclosure	disclosure	NOUN
easat-2335	364	10	and	and	CCONJ
easat-2335	364	11	competitive	competitive	ADJ
easat-2335	364	12	advantage	advantage	NOUN
easat-2335	364	13	adds	add	VERB
easat-2335	364	14	a	a	DET
easat-2335	364	15	new	new	ADJ
easat-2335	364	16	dimension	dimension	NOUN
easat-2335	364	17	to	to	ADP
easat-2335	364	18	the	the	DET
easat-2335	364	19	existing	exist	VERB
easat-2335	364	20	literature	literature	NOUN
easat-2335	364	21	.	.	PUNCT
easat-2335	365	1	while	while	SCONJ
easat-2335	365	2	authors	author	NOUN
easat-2335	365	3	like	like	ADP
easat-2335	365	4	porter	porter	NOUN
easat-2335	365	5	and	and	CCONJ
easat-2335	365	6	kramer	kramer	PROPN
easat-2335	365	7	(	(	PUNCT
easat-2335	365	8	2011	2011	NUM
easat-2335	365	9	)	)	PUNCT
easat-2335	365	10	have	have	AUX
easat-2335	365	11	argued	argue	VERB
easat-2335	365	12	that	that	SCONJ
easat-2335	365	13	sustainability	sustainability	NOUN
easat-2335	365	14	initiatives	initiative	NOUN
easat-2335	365	15	can	can	AUX
easat-2335	365	16	lead	lead	VERB
easat-2335	365	17	to	to	ADP
easat-2335	365	18	competitive	competitive	ADJ
easat-2335	365	19	advantage	advantage	NOUN
easat-2335	365	20	,	,	PUNCT
easat-2335	365	21	our	our	PRON
easat-2335	365	22	results	result	NOUN
easat-2335	365	23	suggest	suggest	VERB
easat-2335	365	24	that	that	SCONJ
easat-2335	365	25	in	in	ADP
easat-2335	365	26	indonesian	indonesian	ADJ
easat-2335	365	27	manufacturing	manufacturing	NOUN
easat-2335	365	28	,	,	PUNCT
easat-2335	365	29	the	the	DET
easat-2335	365	30	immediate	immediate	ADJ
easat-2335	365	31	impact	impact	NOUN
easat-2335	365	32	may	may	AUX
easat-2335	365	33	be	be	AUX
easat-2335	365	34	detrimental	detrimental	ADJ
easat-2335	365	35	to	to	ADP
easat-2335	365	36	a	a	DET
easat-2335	365	37	firm	firm	NOUN
easat-2335	365	38	's	's	PART
easat-2335	365	39	competitive	competitive	ADJ
easat-2335	365	40	position	position	NOUN
easat-2335	365	41	.	.	PUNCT
easat-2335	366	1	5.1	5.1	NUM
easat-2335	366	2	.	.	PUNCT
easat-2335	367	1	theoretical	theoretical	ADJ
easat-2335	367	2	implications	implication	NOUN
easat-2335	367	3	these	these	DET
easat-2335	367	4	findings	finding	NOUN
easat-2335	367	5	have	have	VERB
easat-2335	367	6	several	several	ADJ
easat-2335	367	7	important	important	ADJ
easat-2335	367	8	theoretical	theoretical	ADJ
easat-2335	367	9	implications	implication	NOUN
easat-2335	367	10	.	.	PUNCT
easat-2335	368	1	first	first	ADV
easat-2335	368	2	,	,	PUNCT
easat-2335	368	3	they	they	PRON
easat-2335	368	4	challenge	challenge	VERB
easat-2335	368	5	the	the	DET
easat-2335	368	6	universality	universality	NOUN
easat-2335	368	7	of	of	ADP
easat-2335	368	8	the	the	DET
easat-2335	368	9	"	"	PUNCT
easat-2335	368	10	doing	do	VERB
easat-2335	368	11	well	well	ADV
easat-2335	368	12	by	by	ADP
easat-2335	368	13	doing	do	VERB
easat-2335	368	14	good	good	ADJ
easat-2335	368	15	"	"	PUNCT
easat-2335	368	16	hypothesis	hypothesis	NOUN
easat-2335	368	17	,	,	PUNCT
easat-2335	368	18	suggesting	suggest	VERB
easat-2335	368	19	that	that	SCONJ
easat-2335	368	20	the	the	DET
easat-2335	368	21	relationship	relationship	NOUN
easat-2335	368	22	between	between	ADP
easat-2335	368	23	esg	esg	PROPN
easat-2335	368	24	practices	practice	NOUN
easat-2335	368	25	and	and	CCONJ
easat-2335	368	26	financial	financial	ADJ
easat-2335	368	27	performance	performance	NOUN
easat-2335	368	28	may	may	AUX
easat-2335	368	29	be	be	AUX
easat-2335	368	30	more	more	ADJ
easat-2335	368	31	context	context	NOUN
easat-2335	368	32	-	-	PUNCT
easat-2335	368	33	dependent	dependent	ADJ
easat-2335	368	34	.	.	PUNCT
easat-2335	369	1	this	this	PRON
easat-2335	369	2	underscores	underscore	VERB
easat-2335	369	3	the	the	DET
easat-2335	369	4	need	need	NOUN
easat-2335	369	5	for	for	ADP
easat-2335	369	6	more	more	ADV
easat-2335	369	7	nuanced	nuanced	ADJ
easat-2335	369	8	theoretical	theoretical	ADJ
easat-2335	369	9	models	model	NOUN
easat-2335	369	10	for	for	ADP
easat-2335	369	11	industry	industry	NOUN
easat-2335	369	12	characteristics	characteristic	NOUN
easat-2335	369	13	,	,	PUNCT
easat-2335	369	14	market	market	NOUN
easat-2335	369	15	development	development	NOUN
easat-2335	369	16	,	,	PUNCT
easat-2335	369	17	and	and	CCONJ
easat-2335	369	18	cultural	cultural	ADJ
easat-2335	369	19	contexts	contexts	NOUN
easat-2335	369	20	.	.	PUNCT
easat-2335	370	1	second	second	ADJ
easat-2335	370	2	,	,	PUNCT
easat-2335	370	3	our	our	PRON
easat-2335	370	4	results	result	NOUN
easat-2335	370	5	highlight	highlight	VERB
easat-2335	370	6	the	the	DET
easat-2335	370	7	potential	potential	NOUN
easat-2335	370	8	for	for	ADP
easat-2335	370	9	a	a	DET
easat-2335	370	10	temporal	temporal	ADJ
easat-2335	370	11	disconnect	disconnect	NOUN
easat-2335	370	12	between	between	ADP
easat-2335	370	13	esg	esg	PROPN
easat-2335	370	14	1749	1749	NUM
easat-2335	370	15	edelweiss	edelweiss	PROPN
easat-2335	370	16	applied	apply	VERB
easat-2335	370	17	science	science	NOUN
easat-2335	370	18	and	and	CCONJ
easat-2335	370	19	technology	technology	NOUN
easat-2335	370	20	issn	issn	PROPN
easat-2335	370	21	:	:	PUNCT
easat-2335	370	22	2576	2576	NUM
easat-2335	370	23	-	-	SYM
easat-2335	370	24	8484	8484	NUM
easat-2335	370	25	vol	vol	NOUN
easat-2335	370	26	.	.	PROPN
easat-2335	370	27	8	8	NUM
easat-2335	370	28	,	,	PUNCT
easat-2335	370	29	no	no	INTJ
easat-2335	370	30	.	.	NOUN
easat-2335	370	31	6	6	NUM
easat-2335	370	32	:	:	SYM
easat-2335	370	33	1735	1735	NUM
easat-2335	370	34	-	-	SYM
easat-2335	370	35	1750	1750	NUM
easat-2335	370	36	,	,	PUNCT
easat-2335	370	37	2024	2024	NUM
easat-2335	370	38	doi	doi	NOUN
easat-2335	370	39	:	:	PUNCT
easat-2335	370	40	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	370	41	©	©	PROPN
easat-2335	370	42	2024	2024	NUM
easat-2335	370	43	by	by	ADP
easat-2335	370	44	the	the	DET
easat-2335	370	45	authors	author	NOUN
easat-2335	370	46	;	;	PUNCT
easat-2335	370	47	licensee	licensee	PROPN
easat-2335	370	48	learning	learn	VERB
easat-2335	370	49	gate	gate	NOUN
easat-2335	370	50	investments	investment	NOUN
easat-2335	370	51	and	and	CCONJ
easat-2335	370	52	financial	financial	ADJ
easat-2335	370	53	returns	return	NOUN
easat-2335	370	54	.	.	PUNCT
easat-2335	371	1	this	this	PRON
easat-2335	371	2	suggests	suggest	VERB
easat-2335	371	3	that	that	SCONJ
easat-2335	371	4	theoretical	theoretical	ADJ
easat-2335	371	5	frameworks	framework	NOUN
easat-2335	371	6	better	well	ADV
easat-2335	371	7	incorporate	incorporate	VERB
easat-2335	371	8	the	the	DET
easat-2335	371	9	time	time	NOUN
easat-2335	371	10	dimension	dimension	NOUN
easat-2335	371	11	when	when	SCONJ
easat-2335	371	12	assessing	assess	VERB
easat-2335	371	13	the	the	DET
easat-2335	371	14	impact	impact	NOUN
easat-2335	371	15	of	of	ADP
easat-2335	371	16	esg	esg	PROPN
easat-2335	371	17	practices	practice	NOUN
easat-2335	371	18	on	on	ADP
easat-2335	371	19	firm	firm	ADJ
easat-2335	371	20	performance	performance	NOUN
easat-2335	371	21	.	.	PUNCT
easat-2335	372	1	third	third	ADJ
easat-2335	372	2	,	,	PUNCT
easat-2335	372	3	the	the	DET
easat-2335	372	4	negative	negative	ADJ
easat-2335	372	5	impact	impact	NOUN
easat-2335	372	6	on	on	ADP
easat-2335	372	7	competitive	competitive	ADJ
easat-2335	372	8	advantage	advantage	NOUN
easat-2335	372	9	raises	raise	VERB
easat-2335	372	10	questions	question	NOUN
easat-2335	372	11	about	about	ADP
easat-2335	372	12	the	the	DET
easat-2335	372	13	resource	resource	NOUN
easat-2335	372	14	-	-	PUNCT
easat-2335	372	15	based	base	VERB
easat-2335	372	16	view	view	NOUN
easat-2335	372	17	of	of	ADP
easat-2335	372	18	esg	esg	PROPN
easat-2335	372	19	as	as	ADP
easat-2335	372	20	a	a	DET
easat-2335	372	21	source	source	NOUN
easat-2335	372	22	of	of	ADP
easat-2335	372	23	differentiation	differentiation	NOUN
easat-2335	372	24	.	.	PUNCT
easat-2335	373	1	it	it	PRON
easat-2335	373	2	implies	imply	VERB
easat-2335	373	3	that	that	SCONJ
easat-2335	373	4	in	in	ADP
easat-2335	373	5	specific	specific	ADJ
easat-2335	373	6	contexts	contexts	NOUN
easat-2335	373	7	,	,	PUNCT
easat-2335	373	8	esg	esg	PROPN
easat-2335	373	9	initiatives	initiative	NOUN
easat-2335	373	10	act	act	VERB
easat-2335	373	11	more	more	ADV
easat-2335	373	12	as	as	ADP
easat-2335	373	13	a	a	DET
easat-2335	373	14	strategic	strategic	ADJ
easat-2335	373	15	necessity	necessity	NOUN
easat-2335	373	16	than	than	ADP
easat-2335	373	17	a	a	DET
easat-2335	373	18	source	source	NOUN
easat-2335	373	19	of	of	ADP
easat-2335	373	20	competitive	competitive	ADJ
easat-2335	373	21	advantage	advantage	NOUN
easat-2335	373	22	,	,	PUNCT
easat-2335	373	23	at	at	ADP
easat-2335	373	24	least	least	ADJ
easat-2335	373	25	in	in	ADP
easat-2335	373	26	the	the	DET
easat-2335	373	27	short	short	ADJ
easat-2335	373	28	term	term	NOUN
easat-2335	373	29	.	.	PUNCT
easat-2335	374	1	5.2	5.2	NUM
easat-2335	374	2	.	.	PUNCT
easat-2335	375	1	practical	practical	ADJ
easat-2335	375	2	implications	implication	NOUN
easat-2335	375	3	our	our	PRON
easat-2335	375	4	findings	finding	NOUN
easat-2335	375	5	underscore	underscore	VERB
easat-2335	375	6	the	the	DET
easat-2335	375	7	importance	importance	NOUN
easat-2335	375	8	of	of	ADP
easat-2335	375	9	a	a	DET
easat-2335	375	10	strategic	strategic	ADJ
easat-2335	375	11	approach	approach	NOUN
easat-2335	375	12	to	to	ADP
easat-2335	375	13	esg	esg	NOUN
easat-2335	375	14	implementation	implementation	NOUN
easat-2335	375	15	and	and	CCONJ
easat-2335	375	16	disclosure	disclosure	NOUN
easat-2335	375	17	for	for	ADP
easat-2335	375	18	practitioners	practitioner	NOUN
easat-2335	375	19	.	.	PUNCT
easat-2335	376	1	companies	company	NOUN
easat-2335	376	2	must	must	AUX
easat-2335	376	3	carefully	carefully	ADV
easat-2335	376	4	consider	consider	VERB
easat-2335	376	5	the	the	DET
easat-2335	376	6	timing	timing	NOUN
easat-2335	376	7	,	,	PUNCT
easat-2335	376	8	extent	extent	NOUN
easat-2335	376	9	,	,	PUNCT
easat-2335	376	10	and	and	CCONJ
easat-2335	376	11	framing	framing	NOUN
easat-2335	376	12	of	of	ADP
easat-2335	376	13	their	their	PRON
easat-2335	376	14	esg	esg	NOUN
easat-2335	376	15	disclosures	disclosure	NOUN
easat-2335	376	16	to	to	PART
easat-2335	376	17	manage	manage	VERB
easat-2335	376	18	potential	potential	ADJ
easat-2335	376	19	short	short	ADJ
easat-2335	376	20	-	-	PUNCT
easat-2335	376	21	term	term	NOUN
easat-2335	376	22	negative	negative	ADJ
easat-2335	376	23	impacts	impact	NOUN
easat-2335	376	24	on	on	ADP
easat-2335	376	25	market	market	NOUN
easat-2335	376	26	valuation	valuation	NOUN
easat-2335	376	27	and	and	CCONJ
easat-2335	376	28	competitive	competitive	ADJ
easat-2335	376	29	position	position	NOUN
easat-2335	376	30	.	.	PUNCT
easat-2335	377	1	policymakers	policymaker	NOUN
easat-2335	377	2	and	and	CCONJ
easat-2335	377	3	regulators	regulator	NOUN
easat-2335	377	4	in	in	ADP
easat-2335	377	5	emerging	emerge	VERB
easat-2335	377	6	markets	market	NOUN
easat-2335	377	7	like	like	ADP
easat-2335	377	8	indonesia	indonesia	PROPN
easat-2335	377	9	may	may	AUX
easat-2335	377	10	need	need	VERB
easat-2335	377	11	to	to	PART
easat-2335	377	12	reconsider	reconsider	VERB
easat-2335	377	13	the	the	DET
easat-2335	377	14	pace	pace	NOUN
easat-2335	377	15	and	and	CCONJ
easat-2335	377	16	approach	approach	NOUN
easat-2335	377	17	to	to	ADP
easat-2335	377	18	mandating	mandate	VERB
easat-2335	377	19	esg	esg	NOUN
easat-2335	377	20	disclosures	disclosure	NOUN
easat-2335	377	21	.	.	PUNCT
easat-2335	378	1	our	our	PRON
easat-2335	378	2	results	result	NOUN
easat-2335	378	3	suggest	suggest	VERB
easat-2335	378	4	that	that	SCONJ
easat-2335	378	5	a	a	DET
easat-2335	378	6	more	more	ADV
easat-2335	378	7	gradual	gradual	ADJ
easat-2335	378	8	or	or	CCONJ
easat-2335	378	9	supportive	supportive	ADJ
easat-2335	378	10	approach	approach	NOUN
easat-2335	378	11	might	might	AUX
easat-2335	378	12	be	be	AUX
easat-2335	378	13	necessary	necessary	ADJ
easat-2335	378	14	to	to	PART
easat-2335	378	15	help	help	VERB
easat-2335	378	16	companies	company	NOUN
easat-2335	378	17	manage	manage	VERB
easat-2335	378	18	the	the	DET
easat-2335	378	19	short	short	ADJ
easat-2335	378	20	-	-	PUNCT
easat-2335	378	21	term	term	NOUN
easat-2335	378	22	costs	cost	NOUN
easat-2335	378	23	and	and	CCONJ
easat-2335	378	24	market	market	NOUN
easat-2335	378	25	reactions	reaction	NOUN
easat-2335	378	26	associated	associate	VERB
easat-2335	378	27	with	with	ADP
easat-2335	378	28	increased	increase	VERB
easat-2335	378	29	esg	esg	NOUN
easat-2335	378	30	transparency	transparency	NOUN
easat-2335	378	31	.	.	PUNCT
easat-2335	379	1	investors	investor	NOUN
easat-2335	379	2	,	,	PUNCT
easat-2335	379	3	particularly	particularly	ADV
easat-2335	379	4	those	those	PRON
easat-2335	379	5	focused	focus	VERB
easat-2335	379	6	on	on	ADP
easat-2335	379	7	emerging	emerge	VERB
easat-2335	379	8	markets	market	NOUN
easat-2335	379	9	,	,	PUNCT
easat-2335	379	10	should	should	AUX
easat-2335	379	11	be	be	AUX
easat-2335	379	12	aware	aware	ADJ
easat-2335	379	13	that	that	SCONJ
easat-2335	379	14	the	the	DET
easat-2335	379	15	short	short	ADJ
easat-2335	379	16	-	-	PUNCT
easat-2335	379	17	term	term	NOUN
easat-2335	379	18	impact	impact	NOUN
easat-2335	379	19	of	of	ADP
easat-2335	379	20	esg	esg	PROPN
easat-2335	379	21	disclosures	disclosure	NOUN
easat-2335	379	22	might	might	AUX
easat-2335	379	23	only	only	ADV
easat-2335	379	24	sometimes	sometimes	ADV
easat-2335	379	25	align	align	VERB
easat-2335	379	26	with	with	ADP
easat-2335	379	27	long	long	ADJ
easat-2335	379	28	-	-	PUNCT
easat-2335	379	29	term	term	NOUN
easat-2335	379	30	sustainability	sustainability	NOUN
easat-2335	379	31	goals	goal	NOUN
easat-2335	379	32	.	.	PUNCT
easat-2335	380	1	this	this	DET
easat-2335	380	2	highlights	highlight	VERB
easat-2335	380	3	the	the	DET
easat-2335	380	4	need	need	NOUN
easat-2335	380	5	for	for	ADP
easat-2335	380	6	a	a	DET
easat-2335	380	7	more	more	ADV
easat-2335	380	8	nuanced	nuanced	ADJ
easat-2335	380	9	approach	approach	NOUN
easat-2335	380	10	to	to	ADP
easat-2335	380	11	incorporating	incorporate	VERB
easat-2335	380	12	esg	esg	NOUN
easat-2335	380	13	factors	factor	NOUN
easat-2335	380	14	into	into	ADP
easat-2335	380	15	investment	investment	NOUN
easat-2335	380	16	decisions	decision	NOUN
easat-2335	380	17	.	.	PUNCT
easat-2335	381	1	5.3	5.3	NUM
easat-2335	381	2	.	.	PUNCT
easat-2335	381	3	essence	essence	NOUN
easat-2335	381	4	of	of	ADP
easat-2335	381	5	the	the	DET
easat-2335	381	6	research	research	NOUN
easat-2335	381	7	the	the	DET
easat-2335	381	8	essence	essence	NOUN
easat-2335	381	9	of	of	ADP
easat-2335	381	10	our	our	PRON
easat-2335	381	11	research	research	NOUN
easat-2335	381	12	lies	lie	VERB
easat-2335	381	13	in	in	ADP
easat-2335	381	14	its	its	PRON
easat-2335	381	15	revelation	revelation	NOUN
easat-2335	381	16	of	of	ADP
easat-2335	381	17	the	the	DET
easat-2335	381	18	complex	complex	ADJ
easat-2335	381	19	and	and	CCONJ
easat-2335	381	20	sometimes	sometimes	ADV
easat-2335	381	21	counterintuitive	counterintuitive	ADJ
easat-2335	381	22	relationships	relationship	NOUN
easat-2335	381	23	between	between	ADP
easat-2335	381	24	esg	esg	PROPN
easat-2335	381	25	disclosure	disclosure	NOUN
easat-2335	381	26	and	and	CCONJ
easat-2335	381	27	various	various	ADJ
easat-2335	381	28	measures	measure	NOUN
easat-2335	381	29	of	of	ADP
easat-2335	381	30	financial	financial	ADJ
easat-2335	381	31	performance	performance	NOUN
easat-2335	381	32	in	in	ADP
easat-2335	381	33	the	the	DET
easat-2335	381	34	context	context	NOUN
easat-2335	381	35	of	of	ADP
easat-2335	381	36	indonesian	indonesian	ADJ
easat-2335	381	37	manufacturing	manufacturing	NOUN
easat-2335	381	38	.	.	PUNCT
easat-2335	382	1	while	while	SCONJ
easat-2335	382	2	esg	esg	PROPN
easat-2335	382	3	practices	practice	NOUN
easat-2335	382	4	are	be	AUX
easat-2335	382	5	undoubtedly	undoubtedly	ADV
easat-2335	382	6	crucial	crucial	ADJ
easat-2335	382	7	for	for	ADP
easat-2335	382	8	long	long	ADJ
easat-2335	382	9	-	-	PUNCT
easat-2335	382	10	term	term	NOUN
easat-2335	382	11	sustainability	sustainability	NOUN
easat-2335	382	12	,	,	PUNCT
easat-2335	382	13	our	our	PRON
easat-2335	382	14	findings	finding	NOUN
easat-2335	382	15	honestly	honestly	ADV
easat-2335	382	16	and	and	CCONJ
easat-2335	382	17	logically	logically	ADV
easat-2335	382	18	demonstrate	demonstrate	VERB
easat-2335	382	19	that	that	SCONJ
easat-2335	382	20	their	their	PRON
easat-2335	382	21	short	short	ADJ
easat-2335	382	22	-	-	PUNCT
easat-2335	382	23	term	term	NOUN
easat-2335	382	24	impacts	impact	NOUN
easat-2335	382	25	can	can	AUX
easat-2335	382	26	be	be	AUX
easat-2335	382	27	challenging	challenge	VERB
easat-2335	382	28	for	for	SCONJ
easat-2335	382	29	companies	company	NOUN
easat-2335	382	30	to	to	PART
easat-2335	382	31	navigate	navigate	VERB
easat-2335	382	32	.	.	PUNCT
easat-2335	383	1	this	this	DET
easat-2335	383	2	study	study	NOUN
easat-2335	383	3	contributes	contribute	VERB
easat-2335	383	4	to	to	ADP
easat-2335	383	5	the	the	DET
easat-2335	383	6	growing	grow	VERB
easat-2335	383	7	body	body	NOUN
easat-2335	383	8	of	of	ADP
easat-2335	383	9	literature	literature	NOUN
easat-2335	383	10	on	on	ADP
easat-2335	383	11	esg	esg	PROPN
easat-2335	383	12	and	and	CCONJ
easat-2335	383	13	corporate	corporate	ADJ
easat-2335	383	14	performance	performance	NOUN
easat-2335	383	15	by	by	ADP
easat-2335	383	16	thoroughly	thoroughly	ADV
easat-2335	383	17	examining	examine	VERB
easat-2335	383	18	these	these	DET
easat-2335	383	19	relationships	relationship	NOUN
easat-2335	383	20	in	in	ADP
easat-2335	383	21	an	an	DET
easat-2335	383	22	emerging	emerge	VERB
easat-2335	383	23	market	market	NOUN
easat-2335	383	24	context	context	NOUN
easat-2335	383	25	.	.	PUNCT
easat-2335	384	1	it	it	PRON
easat-2335	384	2	highlights	highlight	VERB
easat-2335	384	3	the	the	DET
easat-2335	384	4	need	need	NOUN
easat-2335	384	5	for	for	ADP
easat-2335	384	6	further	further	ADJ
easat-2335	384	7	research	research	NOUN
easat-2335	384	8	into	into	ADP
easat-2335	384	9	the	the	DET
easat-2335	384	10	temporal	temporal	ADJ
easat-2335	384	11	aspects	aspect	NOUN
easat-2335	384	12	of	of	ADP
easat-2335	384	13	esg	esg	NOUN
easat-2335	384	14	impacts	impact	NOUN
easat-2335	384	15	,	,	PUNCT
easat-2335	384	16	the	the	DET
easat-2335	384	17	role	role	NOUN
easat-2335	384	18	of	of	ADP
easat-2335	384	19	market	market	NOUN
easat-2335	384	20	development	development	NOUN
easat-2335	384	21	in	in	ADP
easat-2335	384	22	mediating	mediate	VERB
easat-2335	384	23	these	these	DET
easat-2335	384	24	relationships	relationship	NOUN
easat-2335	384	25	,	,	PUNCT
easat-2335	384	26	and	and	CCONJ
easat-2335	384	27	the	the	DET
easat-2335	384	28	potential	potential	ADJ
easat-2335	384	29	trade	trade	NOUN
easat-2335	384	30	-	-	PUNCT
easat-2335	384	31	offs	off	NOUN
easat-2335	384	32	between	between	ADP
easat-2335	384	33	short	short	ADJ
easat-2335	384	34	-	-	PUNCT
easat-2335	384	35	term	term	NOUN
easat-2335	384	36	performance	performance	NOUN
easat-2335	384	37	and	and	CCONJ
easat-2335	384	38	longterm	longterm	ADJ
easat-2335	384	39	sustainability	sustainability	NOUN
easat-2335	384	40	.	.	PUNCT
easat-2335	385	1	in	in	ADP
easat-2335	385	2	conclusion	conclusion	NOUN
easat-2335	385	3	,	,	PUNCT
easat-2335	385	4	while	while	SCONJ
easat-2335	385	5	our	our	PRON
easat-2335	385	6	findings	finding	NOUN
easat-2335	385	7	may	may	AUX
easat-2335	385	8	seem	seem	VERB
easat-2335	385	9	discouraging	discourage	VERB
easat-2335	385	10	for	for	ADP
easat-2335	385	11	proponents	proponent	NOUN
easat-2335	385	12	of	of	ADP
easat-2335	385	13	esg	esg	PROPN
easat-2335	385	14	practices	practice	NOUN
easat-2335	385	15	,	,	PUNCT
easat-2335	385	16	they	they	PRON
easat-2335	385	17	should	should	AUX
easat-2335	385	18	instead	instead	ADV
easat-2335	385	19	be	be	AUX
easat-2335	385	20	viewed	view	VERB
easat-2335	385	21	as	as	ADP
easat-2335	385	22	a	a	DET
easat-2335	385	23	call	call	NOUN
easat-2335	385	24	for	for	ADP
easat-2335	385	25	more	more	ADV
easat-2335	385	26	strategic	strategic	ADJ
easat-2335	385	27	and	and	CCONJ
easat-2335	385	28	context	context	NOUN
easat-2335	385	29	-	-	PUNCT
easat-2335	385	30	sensitive	sensitive	ADJ
easat-2335	385	31	approaches	approach	NOUN
easat-2335	385	32	to	to	ADP
easat-2335	385	33	esg	esg	NOUN
easat-2335	385	34	implementation	implementation	NOUN
easat-2335	385	35	and	and	CCONJ
easat-2335	385	36	disclosure	disclosure	NOUN
easat-2335	385	37	.	.	PUNCT
easat-2335	386	1	as	as	SCONJ
easat-2335	386	2	the	the	DET
easat-2335	386	3	global	global	ADJ
easat-2335	386	4	business	business	NOUN
easat-2335	386	5	community	community	NOUN
easat-2335	386	6	grapples	grapple	VERB
easat-2335	386	7	with	with	ADP
easat-2335	386	8	the	the	DET
easat-2335	386	9	imperative	imperative	NOUN
easat-2335	386	10	of	of	ADP
easat-2335	386	11	sustainability	sustainability	NOUN
easat-2335	386	12	,	,	PUNCT
easat-2335	386	13	our	our	PRON
easat-2335	386	14	studies	study	NOUN
easat-2335	386	15	provide	provide	VERB
easat-2335	386	16	crucial	crucial	ADJ
easat-2335	386	17	insights	insight	NOUN
easat-2335	386	18	that	that	PRON
easat-2335	386	19	can	can	AUX
easat-2335	386	20	help	help	VERB
easat-2335	386	21	shape	shape	VERB
easat-2335	386	22	more	more	ADV
easat-2335	386	23	effective	effective	ADJ
easat-2335	386	24	and	and	CCONJ
easat-2335	386	25	balanced	balanced	ADJ
easat-2335	386	26	approaches	approach	NOUN
easat-2335	386	27	to	to	ADP
easat-2335	386	28	integrating	integrate	VERB
easat-2335	386	29	esg	esg	NOUN
easat-2335	386	30	considerations	consideration	NOUN
easat-2335	386	31	into	into	ADP
easat-2335	386	32	corporate	corporate	ADJ
easat-2335	386	33	strategy	strategy	NOUN
easat-2335	386	34	and	and	CCONJ
easat-2335	386	35	performance	performance	NOUN
easat-2335	386	36	measurement	measurement	NOUN
easat-2335	386	37	.	.	PUNCT
easat-2335	387	1	copyright	copyright	NOUN
easat-2335	387	2	:	:	PUNCT
easat-2335	387	3	©	©	PROPN
easat-2335	387	4	2024	2024	NUM
easat-2335	387	5	by	by	ADP
easat-2335	387	6	the	the	DET
easat-2335	387	7	authors	author	NOUN
easat-2335	387	8	.	.	PUNCT
easat-2335	388	1	this	this	DET
easat-2335	388	2	article	article	NOUN
easat-2335	388	3	is	be	AUX
easat-2335	388	4	an	an	DET
easat-2335	388	5	open	open	ADJ
easat-2335	388	6	access	access	NOUN
easat-2335	388	7	article	article	NOUN
easat-2335	388	8	distributed	distribute	VERB
easat-2335	388	9	under	under	ADP
easat-2335	388	10	the	the	DET
easat-2335	388	11	terms	term	NOUN
easat-2335	388	12	and	and	CCONJ
easat-2335	388	13	conditions	condition	NOUN
easat-2335	388	14	of	of	ADP
easat-2335	388	15	the	the	DET
easat-2335	388	16	creative	creative	ADJ
easat-2335	388	17	commons	common	NOUN
easat-2335	388	18	attribution	attribution	NOUN
easat-2335	388	19	(	(	PUNCT
easat-2335	388	20	cc	cc	NOUN
easat-2335	388	21	by	by	ADP
easat-2335	388	22	)	)	PUNCT
easat-2335	388	23	license	license	NOUN
easat-2335	388	24	(	(	PUNCT
easat-2335	388	25	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-2335	388	26	)	)	PUNCT
easat-2335	388	27	.	.	PUNCT
easat-2335	389	1	references	reference	NOUN
easat-2335	389	2	[	[	X
easat-2335	389	3	1	1	NUM
easat-2335	389	4	]	]	PUNCT
easat-2335	389	5	e.	e.	PROPN
easat-2335	389	6	sudarmaji	sudarmaji	PROPN
easat-2335	389	7	,	,	PUNCT
easat-2335	389	8	i.	i.	PROPN
easat-2335	389	9	medita	medita	PROPN
easat-2335	389	10	putri	putri	PROPN
easat-2335	389	11	,	,	PUNCT
easat-2335	389	12	i.	i.	PROPN
easat-2335	389	13	nasip	nasip	PROPN
easat-2335	389	14	,	,	PUNCT
easat-2335	389	15	m.	m.	PROPN
easat-2335	389	16	muslim	muslim	PROPN
easat-2335	389	17	,	,	PUNCT
easat-2335	389	18	and	and	CCONJ
easat-2335	389	19	a.	a.	NOUN
easat-2335	389	20	oktrivina	oktrivina	PROPN
easat-2335	389	21	,	,	PUNCT
easat-2335	389	22	“	"	PUNCT
easat-2335	389	23	unveiling	unveil	VERB
easat-2335	389	24	the	the	DET
easat-2335	389	25	nexus	nexus	NOUN
easat-2335	389	26	between	between	ADP
easat-2335	389	27	green	green	ADJ
easat-2335	389	28	accounting	accounting	NOUN
easat-2335	389	29	,	,	PUNCT
easat-2335	389	30	environmental	environmental	ADJ
easat-2335	389	31	performance	performance	NOUN
easat-2335	389	32	,	,	PUNCT
easat-2335	389	33	and	and	CCONJ
easat-2335	389	34	corporate	corporate	ADJ
easat-2335	389	35	social	social	ADJ
easat-2335	389	36	responsibility	responsibility	NOUN
easat-2335	389	37	disclosure	disclosure	NOUN
easat-2335	389	38	for	for	ADP
easat-2335	389	39	profitability	profitability	NOUN
easat-2335	389	40	maximization	maximization	NOUN
easat-2335	389	41	,	,	PUNCT
easat-2335	389	42	”	"	PUNCT
easat-2335	389	43	atestasi	atestasi	PROPN
easat-2335	389	44	j.	j.	PROPN
easat-2335	389	45	ilm	ilm	PROPN
easat-2335	389	46	.	.	PROPN
easat-2335	389	47	akunt	akunt	PROPN
easat-2335	389	48	.	.	PUNCT
easat-2335	389	49	,	,	PUNCT
easat-2335	389	50	vol	vol	NOUN
easat-2335	389	51	.	.	PROPN
easat-2335	389	52	5	5	NUM
easat-2335	389	53	,	,	PUNCT
easat-2335	389	54	no	no	INTJ
easat-2335	389	55	.	.	NOUN
easat-2335	390	1	1	1	NUM
easat-2335	390	2	,	,	PUNCT
easat-2335	390	3	pp	pp	ADJ
easat-2335	390	4	.	.	PUNCT
easat-2335	391	1	321–335	321–335	NUM
easat-2335	391	2	,	,	PUNCT
easat-2335	391	3	2022	2022	NUM
easat-2335	391	4	,	,	PUNCT
easat-2335	391	5	doi	doi	NOUN
easat-2335	391	6	:	:	PUNCT
easat-2335	391	7	10.57178	10.57178	NUM
easat-2335	391	8	/	/	SYM
easat-2335	391	9	atestasi.v5i1.624	atestasi.v5i1.624	PROPN
easat-2335	391	10	.	.	PUNCT
easat-2335	392	1	[	[	X
easat-2335	392	2	2	2	NUM
easat-2335	392	3	]	]	PUNCT
easat-2335	392	4	b.	b.	PROPN
easat-2335	392	5	cornell	cornell	PROPN
easat-2335	392	6	,	,	PUNCT
easat-2335	392	7	“	"	PUNCT
easat-2335	392	8	esg	esg	NOUN
easat-2335	392	9	preferences	preference	NOUN
easat-2335	392	10	,	,	PUNCT
easat-2335	392	11	risk	risk	NOUN
easat-2335	392	12	and	and	CCONJ
easat-2335	392	13	return	return	NOUN
easat-2335	392	14	,	,	PUNCT
easat-2335	392	15	”	"	PUNCT
easat-2335	392	16	eur	eur	PROPN
easat-2335	392	17	.	.	PUNCT
easat-2335	392	18	financ	financ	PROPN
easat-2335	392	19	.	.	PUNCT
easat-2335	393	1	manag	manag	PROPN
easat-2335	393	2	.	.	PROPN
easat-2335	393	3	,	,	PUNCT
easat-2335	393	4	vol	vol	NOUN
easat-2335	393	5	.	.	PROPN
easat-2335	394	1	27	27	NUM
easat-2335	394	2	,	,	PUNCT
easat-2335	394	3	no	no	INTJ
easat-2335	394	4	.	.	NOUN
easat-2335	394	5	1	1	NUM
easat-2335	394	6	,	,	PUNCT
easat-2335	394	7	pp	pp	ADJ
easat-2335	394	8	.	.	PUNCT
easat-2335	395	1	12–19	12–19	NUM
easat-2335	395	2	,	,	PUNCT
easat-2335	395	3	2021	2021	NUM
easat-2335	395	4	,	,	PUNCT
easat-2335	395	5	doi	doi	NOUN
easat-2335	395	6	:	:	PUNCT
easat-2335	395	7	10.1111	10.1111	NUM
easat-2335	395	8	/	/	SYM
easat-2335	395	9	eufm.12295	eufm.12295	PROPN
easat-2335	395	10	.	.	PUNCT
easat-2335	396	1	[	[	X
easat-2335	396	2	3	3	X
easat-2335	396	3	]	]	X
easat-2335	396	4	w.	w.	PROPN
easat-2335	396	5	azizah	azizah	PROPN
easat-2335	396	6	,	,	PUNCT
easat-2335	396	7	“	"	PUNCT
easat-2335	396	8	pandemi	pandemi	ADP
easat-2335	396	9	covid-19	covid-19	PROPN
easat-2335	396	10	:	:	PUNCT
easat-2335	396	11	apakah	apakah	PROPN
easat-2335	396	12	mempengaruhi	mempengaruhi	VERB
easat-2335	396	13	green	green	PROPN
easat-2335	396	14	accounting	accounting	PROPN
easat-2335	396	15	di	di	X
easat-2335	396	16	indonesia	indonesia	PROPN
easat-2335	396	17	?	?	PROPN
easat-2335	396	18	,	,	PUNCT
easat-2335	396	19	”	"	PUNCT
easat-2335	396	20	rev	rev	PROPN
easat-2335	396	21	.	.	PROPN
easat-2335	396	22	appl	appl	PROPN
easat-2335	396	23	.	.	PROPN
easat-2335	397	1	account	account	PROPN
easat-2335	397	2	.	.	PUNCT
easat-2335	398	1	res	re	NOUN
easat-2335	398	2	.	.	PROPN
easat-2335	398	3	,	,	PUNCT
easat-2335	398	4	vol	vol	NOUN
easat-2335	398	5	.	.	PROPN
easat-2335	398	6	2	2	NUM
easat-2335	398	7	,	,	PUNCT
easat-2335	398	8	no	no	INTJ
easat-2335	398	9	.	.	NOUN
easat-2335	398	10	2	2	NUM
easat-2335	398	11	,	,	PUNCT
easat-2335	398	12	p.	p.	NOUN
easat-2335	398	13	153	153	NUM
easat-2335	398	14	,	,	PUNCT
easat-2335	398	15	2022	2022	NUM
easat-2335	398	16	,	,	PUNCT
easat-2335	398	17	doi	doi	NOUN
easat-2335	398	18	:	:	PUNCT
easat-2335	398	19	10.30595	10.30595	NUM
easat-2335	398	20	/	/	SYM
easat-2335	398	21	raar.v2i2.13679	raar.v2i2.13679	X
easat-2335	398	22	.	.	PUNCT
easat-2335	399	1	[	[	X
easat-2335	399	2	4	4	NUM
easat-2335	399	3	]	]	PUNCT
easat-2335	399	4	l.	l.	PROPN
easat-2335	399	5	fujianti	fujianti	PROPN
easat-2335	399	6	,	,	PUNCT
easat-2335	399	7	n.	n.	PROPN
easat-2335	399	8	rizal	rizal	PROPN
easat-2335	399	9	,	,	PUNCT
easat-2335	399	10	w.	w.	PROPN
easat-2335	399	11	azizah	azizah	PROPN
easat-2335	399	12	,	,	PUNCT
easat-2335	399	13	s.	s.	PROPN
easat-2335	399	14	b.	b.	PROPN
easat-2335	399	15	astuti	astuti	PROPN
easat-2335	399	16	,	,	PUNCT
easat-2335	399	17	n.	n.	PROPN
easat-2335	399	18	hilmiyah	hilmiyah	PROPN
easat-2335	399	19	,	,	PUNCT
easat-2335	399	20	and	and	CCONJ
easat-2335	399	21	a.	a.	PROPN
easat-2335	399	22	l.	l.	PROPN
easat-2335	399	23	qodriyah	qodriyah	PROPN
easat-2335	399	24	,	,	PUNCT
easat-2335	399	25	“	"	PUNCT
easat-2335	399	26	good	good	ADJ
easat-2335	399	27	corporate	corporate	ADJ
easat-2335	399	28	governance	governance	NOUN
easat-2335	399	29	dan	dan	PROPN
easat-2335	399	30	environmental	environmental	PROPN
easat-2335	399	31	,	,	PUNCT
easat-2335	399	32	social	social	ADJ
easat-2335	399	33	,	,	PUNCT
easat-2335	399	34	governance	governance	NOUN
easat-2335	399	35	disclosures	disclosure	NOUN
easat-2335	399	36	di	di	X
easat-2335	399	37	indonesia	indonesia	PROPN
easat-2335	399	38	,	,	PUNCT
easat-2335	399	39	”	"	PUNCT
easat-2335	399	40	j.	j.	PROPN
easat-2335	399	41	reviu	reviu	PROPN
easat-2335	399	42	akunt	akunt	PROPN
easat-2335	399	43	.	.	PUNCT
easat-2335	400	1	dan	dan	PROPN
easat-2335	400	2	keuang	keuang	PROPN
easat-2335	400	3	.	.	PROPN
easat-2335	400	4	,	,	PUNCT
easat-2335	400	5	vol	vol	NOUN
easat-2335	400	6	.	.	PROPN
easat-2335	401	1	14	14	NUM
easat-2335	401	2	,	,	PUNCT
easat-2335	401	3	no	no	INTJ
easat-2335	401	4	.	.	NOUN
easat-2335	401	5	1	1	NUM
easat-2335	401	6	,	,	PUNCT
easat-2335	401	7	pp	pp	ADJ
easat-2335	401	8	.	.	PUNCT
easat-2335	402	1	19–36	19–36	NUM
easat-2335	402	2	,	,	PUNCT
easat-2335	402	3	2024	2024	NUM
easat-2335	402	4	,	,	PUNCT
easat-2335	402	5	doi	doi	NOUN
easat-2335	402	6	:	:	PUNCT
easat-2335	402	7	10.22219	10.22219	NUM
easat-2335	402	8	/	/	SYM
easat-2335	402	9	jrak.v14i1.28986	jrak.v14i1.28986	X
easat-2335	402	10	.	.	PUNCT
easat-2335	403	1	[	[	X
easat-2335	403	2	5	5	NUM
easat-2335	403	3	]	]	X
easat-2335	403	4	n.	n.	NOUN
easat-2335	403	5	darnall	darnall	PROPN
easat-2335	403	6	,	,	PUNCT
easat-2335	403	7	h.	h.	PROPN
easat-2335	403	8	ji	ji	PROPN
easat-2335	403	9	,	,	PUNCT
easat-2335	403	10	k.	k.	PROPN
easat-2335	403	11	iwata	iwata	PROPN
easat-2335	403	12	,	,	PUNCT
easat-2335	403	13	and	and	CCONJ
easat-2335	403	14	t.	t.	PROPN
easat-2335	403	15	h.	h.	PROPN
easat-2335	403	16	arimura	arimura	ADV
easat-2335	403	17	,	,	PUNCT
easat-2335	403	18	“	"	PUNCT
easat-2335	403	19	do	do	AUX
easat-2335	403	20	esg	esg	NOUN
easat-2335	403	21	reporting	reporting	NOUN
easat-2335	403	22	guidelines	guideline	NOUN
easat-2335	403	23	and	and	CCONJ
easat-2335	403	24	verifications	verification	NOUN
easat-2335	403	25	enhance	enhance	VERB
easat-2335	403	26	firms	firm	NOUN
easat-2335	403	27	’	’	PART
easat-2335	403	28	information	information	NOUN
easat-2335	403	29	disclosure	disclosure	NOUN
easat-2335	403	30	?	?	PUNCT
easat-2335	403	31	,	,	PUNCT
easat-2335	403	32	”	"	PUNCT
easat-2335	403	33	corp	corp	PROPN
easat-2335	403	34	.	.	PROPN
easat-2335	403	35	soc	soc	PROPN
easat-2335	403	36	.	.	PUNCT
easat-2335	404	1	responsib	responsib	PROPN
easat-2335	404	2	.	.	PUNCT
easat-2335	405	1	environ	environ	PROPN
easat-2335	405	2	.	.	PUNCT
easat-2335	405	3	manag	manag	PROPN
easat-2335	405	4	.	.	PROPN
easat-2335	405	5	,	,	PUNCT
easat-2335	405	6	vol	vol	NOUN
easat-2335	405	7	.	.	PROPN
easat-2335	405	8	29	29	NUM
easat-2335	405	9	,	,	PUNCT
easat-2335	405	10	no	no	INTJ
easat-2335	405	11	.	.	NOUN
easat-2335	405	12	5	5	NUM
easat-2335	405	13	,	,	PUNCT
easat-2335	405	14	pp	pp	ADJ
easat-2335	405	15	.	.	PUNCT
easat-2335	406	1	1214–1230	1214–1230	NUM
easat-2335	406	2	,	,	PUNCT
easat-2335	406	3	2022	2022	NUM
easat-2335	406	4	,	,	PUNCT
easat-2335	406	5	doi	doi	NOUN
easat-2335	406	6	:	:	PUNCT
easat-2335	406	7	10.1002	10.1002	NUM
easat-2335	406	8	/	/	SYM
easat-2335	406	9	csr.2265	csr.2265	NOUN
easat-2335	406	10	.	.	PUNCT
easat-2335	407	1	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-2335	407	2	1750	1750	NUM
easat-2335	407	3	edelweiss	edelweiss	PROPN
easat-2335	407	4	applied	apply	VERB
easat-2335	407	5	science	science	NOUN
easat-2335	407	6	and	and	CCONJ
easat-2335	407	7	technology	technology	NOUN
easat-2335	407	8	issn	issn	PROPN
easat-2335	407	9	:	:	PUNCT
easat-2335	407	10	2576	2576	NUM
easat-2335	407	11	-	-	SYM
easat-2335	407	12	8484	8484	NUM
easat-2335	407	13	vol	vol	NOUN
easat-2335	407	14	.	.	PROPN
easat-2335	407	15	8	8	NUM
easat-2335	407	16	,	,	PUNCT
easat-2335	407	17	no	no	INTJ
easat-2335	407	18	.	.	NOUN
easat-2335	408	1	6	6	NUM
easat-2335	408	2	:	:	SYM
easat-2335	408	3	1735	1735	NUM
easat-2335	408	4	-	-	SYM
easat-2335	408	5	1750	1750	NUM
easat-2335	408	6	,	,	PUNCT
easat-2335	408	7	2024	2024	NUM
easat-2335	408	8	doi	doi	NOUN
easat-2335	408	9	:	:	PUNCT
easat-2335	408	10	10.55214/25768484.v8i6.2335	10.55214/25768484.v8i6.2335	NUM
easat-2335	408	11	©	©	PROPN
easat-2335	408	12	2024	2024	NUM
easat-2335	408	13	by	by	ADP
easat-2335	408	14	the	the	DET
easat-2335	408	15	authors	author	NOUN
easat-2335	408	16	;	;	PUNCT
easat-2335	408	17	licensee	licensee	PROPN
easat-2335	408	18	learning	learning	NOUN
easat-2335	408	19	gate	gate	NOUN
easat-2335	409	1	[	[	X
easat-2335	409	2	6	6	NUM
easat-2335	409	3	]	]	PUNCT
easat-2335	409	4	e.	e.	PROPN
easat-2335	409	5	sudarmaji	sudarmaji	PROPN
easat-2335	409	6	,	,	PUNCT
easat-2335	409	7	n.	n.	NOUN
easat-2335	409	8	a.	a.	NOUN
easat-2335	409	9	achsani	achsani	PROPN
easat-2335	409	10	,	,	PUNCT
easat-2335	409	11	y.	y.	PROPN
easat-2335	409	12	arkeman	arkeman	PROPN
easat-2335	409	13	,	,	PUNCT
easat-2335	409	14	and	and	CCONJ
easat-2335	409	15	i.	i.	PROPN
easat-2335	409	16	fahmi	fahmi	PROPN
easat-2335	409	17	,	,	PUNCT
easat-2335	409	18	“	"	PUNCT
easat-2335	409	19	does	do	AUX
easat-2335	409	20	rebound	rebound	VERB
easat-2335	409	21	effect	effect	NOUN
easat-2335	409	22	influence	influence	NOUN
easat-2335	409	23	the	the	DET
easat-2335	409	24	factors	factor	NOUN
easat-2335	409	25	of	of	ADP
easat-2335	409	26	carbon	carbon	NOUN
easat-2335	409	27	emission	emission	NOUN
easat-2335	409	28	in	in	ADP
easat-2335	409	29	indonesia	indonesia	PROPN
easat-2335	409	30	?	?	PUNCT
easat-2335	410	1	kaya	kaya	PROPN
easat-2335	410	2	index	index	PROPN
easat-2335	410	3	and	and	CCONJ
easat-2335	410	4	lmdi	lmdi	NOUN
easat-2335	410	5	decomposition	decomposition	NOUN
easat-2335	410	6	,	,	PUNCT
easat-2335	410	7	”	"	PUNCT
easat-2335	410	8	iop	iop	NOUN
easat-2335	410	9	conf	conf	NOUN
easat-2335	410	10	.	.	PUNCT
easat-2335	411	1	ser	ser	PROPN
easat-2335	411	2	.	.	PROPN
easat-2335	411	3	earth	earth	PROPN
easat-2335	411	4	environ	environ	PROPN
easat-2335	411	5	.	.	PUNCT
easat-2335	412	1	sci	sci	PROPN
easat-2335	412	2	.	.	PROPN
easat-2335	412	3	,	,	PUNCT
easat-2335	412	4	vol	vol	NOUN
easat-2335	412	5	.	.	PUNCT
easat-2335	412	6	1041	1041	NUM
easat-2335	412	7	,	,	PUNCT
easat-2335	412	8	no	no	INTJ
easat-2335	412	9	.	.	NOUN
easat-2335	412	10	1	1	NUM
easat-2335	412	11	,	,	PUNCT
easat-2335	412	12	pp	pp	ADJ
easat-2335	412	13	.	.	PUNCT
easat-2335	413	1	1–10	1–10	NOUN
easat-2335	413	2	,	,	PUNCT
easat-2335	413	3	2022	2022	NUM
easat-2335	413	4	,	,	PUNCT
easat-2335	413	5	doi	doi	NOUN
easat-2335	413	6	:	:	PUNCT
easat-2335	413	7	10.1088/1755	10.1088/1755	NUM
easat-2335	413	8	-	-	SYM
easat-2335	413	9	1315/1041/1/012086	1315/1041/1/012086	NUM
easat-2335	413	10	.	.	PUNCT
easat-2335	414	1	[	[	X
easat-2335	414	2	7	7	X
easat-2335	414	3	]	]	X
easat-2335	414	4	e.	e.	PROPN
easat-2335	414	5	sudarmaji	sudarmaji	PROPN
easat-2335	414	6	,	,	PUNCT
easat-2335	414	7	n.	n.	NOUN
easat-2335	414	8	a.	a.	NOUN
easat-2335	414	9	achsani	achsani	PROPN
easat-2335	414	10	,	,	PUNCT
easat-2335	414	11	y.	y.	PROPN
easat-2335	414	12	arkeman	arkeman	PROPN
easat-2335	414	13	,	,	PUNCT
easat-2335	414	14	and	and	CCONJ
easat-2335	414	15	i.	i.	PROPN
easat-2335	414	16	fahmi	fahmi	PROPN
easat-2335	414	17	,	,	PUNCT
easat-2335	414	18	“	"	PUNCT
easat-2335	414	19	can	can	AUX
easat-2335	414	20	energy	energy	NOUN
easat-2335	414	21	intensity	intensity	NOUN
easat-2335	414	22	impede	impede	VERB
easat-2335	414	23	the	the	DET
easat-2335	414	24	co2	co2	NOUN
easat-2335	414	25	emissions	emission	NOUN
easat-2335	414	26	in	in	ADP
easat-2335	414	27	indonesia	indonesia	PROPN
easat-2335	414	28	?	?	PUNCT
easat-2335	415	1	lmdi	lmdi	NOUN
easat-2335	415	2	-	-	PUNCT
easat-2335	415	3	decomposition	decomposition	NOUN
easat-2335	415	4	index	index	NOUN
easat-2335	415	5	and	and	CCONJ
easat-2335	415	6	ardl	ardl	NOUN
easat-2335	415	7	:	:	PUNCT
easat-2335	415	8	comparison	comparison	NOUN
easat-2335	415	9	between	between	ADP
easat-2335	415	10	indonesia	indonesia	PROPN
easat-2335	415	11	and	and	CCONJ
easat-2335	415	12	asean	asean	ADJ
easat-2335	415	13	countries	country	NOUN
easat-2335	415	14	,	,	PUNCT
easat-2335	415	15	”	"	PUNCT
easat-2335	415	16	int	int	NOUN
easat-2335	415	17	.	.	PUNCT
easat-2335	416	1	j.	j.	PROPN
easat-2335	416	2	energy	energy	PROPN
easat-2335	416	3	econ	econ	PROPN
easat-2335	416	4	.	.	PUNCT
easat-2335	417	1	policy	policy	NOUN
easat-2335	417	2	,	,	PUNCT
easat-2335	417	3	vol	vol	NOUN
easat-2335	417	4	.	.	PROPN
easat-2335	417	5	11	11	NUM
easat-2335	417	6	,	,	PUNCT
easat-2335	417	7	no	no	INTJ
easat-2335	417	8	.	.	NOUN
easat-2335	417	9	3	3	NUM
easat-2335	417	10	,	,	PUNCT
easat-2335	417	11	pp	pp	ADJ
easat-2335	417	12	.	.	PUNCT
easat-2335	418	1	308–318	308–318	NUM
easat-2335	418	2	,	,	PUNCT
easat-2335	418	3	2021	2021	NUM
easat-2335	418	4	,	,	PUNCT
easat-2335	418	5	doi	doi	NOUN
easat-2335	418	6	:	:	PUNCT
easat-2335	418	7	10.32479	10.32479	NUM
easat-2335	418	8	/	/	SYM
easat-2335	418	9	ijeep.11212	ijeep.11212	NOUN
easat-2335	418	10	.	.	PUNCT
easat-2335	419	1	[	[	X
easat-2335	419	2	8	8	NUM
easat-2335	419	3	]	]	PUNCT
easat-2335	419	4	s.	s.	PROPN
easat-2335	419	5	halid	halid	PROPN
easat-2335	419	6	,	,	PUNCT
easat-2335	419	7	r.	r.	PROPN
easat-2335	419	8	a.	a.	PROPN
easat-2335	419	9	rahman	rahman	PROPN
easat-2335	419	10	,	,	PUNCT
easat-2335	419	11	r.	r.	PROPN
easat-2335	419	12	mahmud	mahmud	PROPN
easat-2335	419	13	,	,	PUNCT
easat-2335	419	14	n.	n.	PROPN
easat-2335	419	15	mansor	mansor	PROPN
easat-2335	419	16	,	,	PUNCT
easat-2335	419	17	and	and	CCONJ
easat-2335	419	18	r.	r.	PROPN
easat-2335	419	19	a.	a.	PROPN
easat-2335	419	20	wahab	wahab	PROPN
easat-2335	419	21	,	,	PUNCT
easat-2335	419	22	“	"	PUNCT
easat-2335	419	23	a	a	DET
easat-2335	419	24	literature	literature	NOUN
easat-2335	419	25	review	review	NOUN
easat-2335	419	26	on	on	ADP
easat-2335	419	27	esg	esg	PROPN
easat-2335	419	28	score	score	NOUN
easat-2335	419	29	and	and	CCONJ
easat-2335	419	30	its	its	PRON
easat-2335	419	31	impact	impact	NOUN
easat-2335	419	32	on	on	ADP
easat-2335	419	33	firm	firm	ADJ
easat-2335	419	34	performance	performance	NOUN
easat-2335	419	35	sunarti	sunarti	NOUN
easat-2335	419	36	,	,	PUNCT
easat-2335	419	37	”	"	PUNCT
easat-2335	419	38	hum	hum	NOUN
easat-2335	419	39	.	.	PUNCT
easat-2335	420	1	resour	resour	NOUN
easat-2335	420	2	.	.	PUNCT
easat-2335	421	1	manag	manag	PROPN
easat-2335	421	2	.	.	PUNCT
easat-2335	422	1	acad	acad	PROPN
easat-2335	422	2	.	.	PUNCT
easat-2335	423	1	res	re	NOUN
easat-2335	423	2	.	.	PUNCT
easat-2335	423	3	soc	soc	PROPN
easat-2335	423	4	.	.	PUNCT
easat-2335	424	1	,	,	PUNCT
easat-2335	424	2	vol	vol	NOUN
easat-2335	424	3	.	.	PROPN
easat-2335	425	1	13	13	NUM
easat-2335	425	2	,	,	PUNCT
easat-2335	425	3	no	no	INTJ
easat-2335	425	4	.	.	NOUN
easat-2335	425	5	1	1	NUM
easat-2335	425	6	,	,	PUNCT
easat-2335	425	7	pp	pp	ADJ
easat-2335	425	8	.	.	PUNCT
easat-2335	426	1	272–282	272–282	NUM
easat-2335	426	2	,	,	PUNCT
easat-2335	426	3	2023	2023	NUM
easat-2335	426	4	,	,	PUNCT
easat-2335	426	5	doi	doi	NOUN
easat-2335	426	6	:	:	PUNCT
easat-2335	426	7	doi:10.6007	doi:10.6007	ADJ
easat-2335	426	8	/	/	SYM
easat-2335	426	9	ijarafms	ijarafms	NOUN
easat-2335	426	10	/v13	/v13	NOUN
easat-2335	426	11	-	-	PUNCT
easat-2335	426	12	i1/15101	i1/15101	PRON
easat-2335	426	13	.	.	PUNCT
easat-2335	427	1	[	[	X
easat-2335	427	2	9	9	NUM
easat-2335	427	3	]	]	PUNCT
easat-2335	427	4	s.	s.	PROPN
easat-2335	427	5	chen	chen	PROPN
easat-2335	427	6	,	,	PUNCT
easat-2335	427	7	y.	y.	PROPN
easat-2335	427	8	song	song	PROPN
easat-2335	427	9	,	,	PUNCT
easat-2335	427	10	and	and	CCONJ
easat-2335	427	11	p.	p.	PROPN
easat-2335	427	12	gao	gao	PROPN
easat-2335	427	13	,	,	PUNCT
easat-2335	427	14	“	"	PUNCT
easat-2335	427	15	environmental	environmental	ADJ
easat-2335	427	16	,	,	PUNCT
easat-2335	427	17	social	social	ADJ
easat-2335	427	18	,	,	PUNCT
easat-2335	427	19	and	and	CCONJ
easat-2335	427	20	governance	governance	NOUN
easat-2335	427	21	(	(	PUNCT
easat-2335	427	22	esg	esg	NOUN
easat-2335	427	23	)	)	PUNCT
easat-2335	427	24	performance	performance	NOUN
easat-2335	427	25	and	and	CCONJ
easat-2335	427	26	financial	financial	ADJ
easat-2335	427	27	outcomes	outcome	NOUN
easat-2335	427	28	:	:	PUNCT
easat-2335	427	29	analyzing	analyze	VERB
easat-2335	427	30	the	the	DET
easat-2335	427	31	impact	impact	NOUN
easat-2335	427	32	of	of	ADP
easat-2335	427	33	esg	esg	PROPN
easat-2335	427	34	on	on	ADP
easat-2335	427	35	financial	financial	ADJ
easat-2335	427	36	performance	performance	NOUN
easat-2335	427	37	,	,	PUNCT
easat-2335	427	38	”	"	PUNCT
easat-2335	427	39	j.	j.	PROPN
easat-2335	427	40	environ	environ	PROPN
easat-2335	427	41	.	.	PUNCT
easat-2335	427	42	manage	manage	VERB
easat-2335	427	43	.	.	PUNCT
easat-2335	428	1	,	,	PUNCT
easat-2335	428	2	vol	vol	NOUN
easat-2335	428	3	.	.	PROPN
easat-2335	428	4	345	345	NUM
easat-2335	428	5	,	,	PUNCT
easat-2335	428	6	p.	p.	NOUN
easat-2335	428	7	118829	118829	NUM
easat-2335	428	8	,	,	PUNCT
easat-2335	428	9	2023	2023	NUM
easat-2335	428	10	,	,	PUNCT
easat-2335	428	11	doi	doi	NOUN
easat-2335	428	12	:	:	PUNCT
easat-2335	428	13	10.1016	10.1016	NUM
easat-2335	428	14	/	/	SYM
easat-2335	428	15	j.jenvman.2023.118829	j.jenvman.2023.118829	ADJ
easat-2335	428	16	.	.	PUNCT
easat-2335	429	1	[	[	X
easat-2335	429	2	10	10	NUM
easat-2335	429	3	]	]	X
easat-2335	429	4	a.	a.	NOUN
easat-2335	429	5	buallay	buallay	NOUN
easat-2335	429	6	,	,	PUNCT
easat-2335	429	7	“	"	PUNCT
easat-2335	429	8	is	be	AUX
easat-2335	429	9	sustainability	sustainability	NOUN
easat-2335	429	10	reporting	reporting	NOUN
easat-2335	429	11	(	(	PUNCT
easat-2335	429	12	esg	esg	NOUN
easat-2335	429	13	)	)	PUNCT
easat-2335	429	14	associated	associate	VERB
easat-2335	429	15	with	with	ADP
easat-2335	429	16	performance	performance	NOUN
easat-2335	429	17	?	?	PUNCT
easat-2335	430	1	evidence	evidence	NOUN
easat-2335	430	2	from	from	ADP
easat-2335	430	3	the	the	DET
easat-2335	430	4	european	european	ADJ
easat-2335	430	5	banking	banking	NOUN
easat-2335	430	6	sector	sector	NOUN
easat-2335	430	7	,	,	PUNCT
easat-2335	430	8	”	"	PUNCT
easat-2335	430	9	manag	manag	NOUN
easat-2335	430	10	.	.	PUNCT
easat-2335	431	1	environ	environ	PROPN
easat-2335	431	2	.	.	PUNCT
easat-2335	432	1	qual	qual	PROPN
easat-2335	432	2	.	.	PUNCT
easat-2335	433	1	an	an	DET
easat-2335	433	2	int	int	NOUN
easat-2335	433	3	.	.	PUNCT
easat-2335	434	1	j.	j.	PROPN
easat-2335	434	2	,	,	PUNCT
easat-2335	434	3	vol	vol	NOUN
easat-2335	434	4	.	.	PROPN
easat-2335	434	5	30	30	NUM
easat-2335	434	6	,	,	PUNCT
easat-2335	434	7	no	no	INTJ
easat-2335	434	8	.	.	NOUN
easat-2335	434	9	1	1	NUM
easat-2335	434	10	,	,	PUNCT
easat-2335	434	11	pp	pp	ADJ
easat-2335	434	12	.	.	PUNCT
easat-2335	435	1	98–115	98–115	PROPN
easat-2335	435	2	,	,	PUNCT
easat-2335	435	3	2019	2019	NUM
easat-2335	435	4	,	,	PUNCT
easat-2335	435	5	doi	doi	NOUN
easat-2335	435	6	:	:	PUNCT
easat-2335	435	7	10.1108	10.1108	NUM
easat-2335	435	8	/	/	SYM
easat-2335	435	9	meq-12	meq-12	NOUN
easat-2335	435	10	-	-	PUNCT
easat-2335	435	11	2017	2017	NUM
easat-2335	435	12	-	-	PUNCT
easat-2335	435	13	0149	0149	NUM
easat-2335	435	14	.	.	PUNCT
easat-2335	436	1	[	[	X
easat-2335	436	2	11	11	NUM
easat-2335	436	3	]	]	PUNCT
easat-2335	436	4	r.	r.	PROPN
easat-2335	436	5	el	el	PROPN
easat-2335	436	6	khoury	khoury	PROPN
easat-2335	436	7	,	,	PUNCT
easat-2335	436	8	n.	n.	PROPN
easat-2335	436	9	nasrallah	nasrallah	PROPN
easat-2335	436	10	,	,	PUNCT
easat-2335	436	11	and	and	CCONJ
easat-2335	436	12	b.	b.	PROPN
easat-2335	436	13	alareeni	alareeni	PROPN
easat-2335	436	14	,	,	PUNCT
easat-2335	436	15	“	"	PUNCT
easat-2335	436	16	the	the	DET
easat-2335	436	17	determinants	determinant	NOUN
easat-2335	436	18	of	of	ADP
easat-2335	436	19	esg	esg	PROPN
easat-2335	436	20	in	in	ADP
easat-2335	436	21	the	the	DET
easat-2335	436	22	banking	banking	NOUN
easat-2335	436	23	sector	sector	NOUN
easat-2335	436	24	of	of	ADP
easat-2335	436	25	mena	mena	PROPN
easat-2335	436	26	region	region	PROPN
easat-2335	436	27	:	:	PUNCT
easat-2335	436	28	a	a	DET
easat-2335	436	29	trend	trend	NOUN
easat-2335	436	30	or	or	CCONJ
easat-2335	436	31	necessity	necessity	NOUN
easat-2335	436	32	?	?	PUNCT
easat-2335	436	33	,	,	PUNCT
easat-2335	436	34	”	"	PUNCT
easat-2335	436	35	compet	compet	PROPN
easat-2335	436	36	.	.	PUNCT
easat-2335	436	37	rev	rev	PROPN
easat-2335	436	38	.	.	PROPN
easat-2335	436	39	,	,	PUNCT
easat-2335	436	40	vol	vol	NOUN
easat-2335	436	41	.	.	PROPN
easat-2335	437	1	33	33	NUM
easat-2335	437	2	,	,	PUNCT
easat-2335	437	3	no	no	INTJ
easat-2335	437	4	.	.	NOUN
easat-2335	437	5	1	1	NUM
easat-2335	437	6	,	,	PUNCT
easat-2335	437	7	pp	pp	ADJ
easat-2335	437	8	.	.	PUNCT
easat-2335	438	1	7–29	7–29	ADJ
easat-2335	438	2	,	,	PUNCT
easat-2335	438	3	2023	2023	NUM
easat-2335	438	4	,	,	PUNCT
easat-2335	438	5	doi	doi	NOUN
easat-2335	438	6	:	:	PUNCT
easat-2335	438	7	10.1108	10.1108	NUM
easat-2335	438	8	/	/	SYM
easat-2335	438	9	cr-09	cr-09	NUM
easat-2335	438	10	-	-	PUNCT
easat-2335	438	11	2021	2021	NUM
easat-2335	438	12	-	-	PUNCT
easat-2335	438	13	0118	0118	NUM
easat-2335	438	14	.	.	PUNCT
easat-2335	439	1	[	[	X
easat-2335	439	2	12	12	NUM
easat-2335	439	3	]	]	X
easat-2335	439	4	w.	w.	PROPN
easat-2335	439	5	azizah	azizah	PROPN
easat-2335	439	6	and	and	CCONJ
easat-2335	439	7	m.	m.	PROPN
easat-2335	439	8	i.	i.	PROPN
easat-2335	439	9	nurjaman	nurjaman	PROPN
easat-2335	439	10	,	,	PUNCT
easat-2335	439	11	“	"	PUNCT
easat-2335	439	12	determinant	determinant	ADJ
easat-2335	439	13	of	of	ADP
easat-2335	439	14	coal	coal	NOUN
easat-2335	439	15	sector	sector	NOUN
easat-2335	439	16	firm	firm	NOUN
easat-2335	439	17	value	value	NOUN
easat-2335	439	18	in	in	ADP
easat-2335	439	19	indonesia	indonesia	PROPN
easat-2335	439	20	,	,	PUNCT
easat-2335	439	21	”	"	PUNCT
easat-2335	439	22	int	int	NOUN
easat-2335	439	23	.	.	PUNCT
easat-2335	440	1	j.	j.	PROPN
easat-2335	440	2	bus	bus	PROPN
easat-2335	440	3	.	.	PUNCT
easat-2335	441	1	technol	technol	PROPN
easat-2335	441	2	.	.	PROPN
easat-2335	441	3	manag	manag	PROPN
easat-2335	441	4	.	.	PUNCT
easat-2335	441	5	,	,	PUNCT
easat-2335	441	6	vol	vol	NOUN
easat-2335	441	7	.	.	PROPN
easat-2335	441	8	5	5	NUM
easat-2335	441	9	,	,	PUNCT
easat-2335	441	10	no	no	INTJ
easat-2335	441	11	.	.	NOUN
easat-2335	441	12	4	4	NUM
easat-2335	441	13	,	,	PUNCT
easat-2335	441	14	pp	pp	ADJ
easat-2335	441	15	.	.	PUNCT
easat-2335	442	1	412–423	412–423	NUM
easat-2335	442	2	,	,	PUNCT
easat-2335	442	3	2023	2023	NUM
easat-2335	442	4	,	,	PUNCT
easat-2335	442	5	doi	doi	NOUN
easat-2335	442	6	:	:	PUNCT
easat-2335	442	7	https://doi.org/10.55057/ijbtm.2023.5.4.37	https://doi.org/10.55057/ijbtm.2023.5.4.37	PROPN
easat-2335	442	8	.	.	PUNCT
easat-2335	443	1	[	[	X
easat-2335	443	2	13	13	NUM
easat-2335	443	3	]	]	SYM
easat-2335	443	4	i.	i.	PROPN
easat-2335	443	5	khanchel	khanchel	PROPN
easat-2335	443	6	and	and	CCONJ
easat-2335	443	7	n.	n.	PROPN
easat-2335	443	8	lassoued	lassoue	VERB
easat-2335	443	9	,	,	PUNCT
easat-2335	443	10	“	"	PUNCT
easat-2335	443	11	esg	esg	NOUN
easat-2335	443	12	disclosure	disclosure	NOUN
easat-2335	443	13	and	and	CCONJ
easat-2335	443	14	the	the	DET
easat-2335	443	15	cost	cost	NOUN
easat-2335	443	16	of	of	ADP
easat-2335	443	17	capital	capital	NOUN
easat-2335	443	18	:	:	PUNCT
easat-2335	443	19	is	be	AUX
easat-2335	443	20	there	there	PRON
easat-2335	443	21	a	a	DET
easat-2335	443	22	ratcheting	ratchet	VERB
easat-2335	443	23	effect	effect	NOUN
easat-2335	443	24	over	over	ADP
easat-2335	443	25	time	time	NOUN
easat-2335	443	26	?	?	PUNCT
easat-2335	443	27	,	,	PUNCT
easat-2335	443	28	”	"	PUNCT
easat-2335	443	29	sustain	sustain	NOUN
easat-2335	443	30	.	.	PUNCT
easat-2335	443	31	,	,	PUNCT
easat-2335	443	32	vol	vol	NOUN
easat-2335	443	33	.	.	PROPN
easat-2335	444	1	14	14	NUM
easat-2335	444	2	,	,	PUNCT
easat-2335	444	3	no	no	INTJ
easat-2335	444	4	.	.	NOUN
easat-2335	444	5	15	15	NUM
easat-2335	444	6	,	,	PUNCT
easat-2335	444	7	pp	pp	ADJ
easat-2335	444	8	.	.	PUNCT
easat-2335	445	1	1–19	1–19	NOUN
easat-2335	445	2	,	,	PUNCT
easat-2335	445	3	2022	2022	NUM
easat-2335	445	4	,	,	PUNCT
easat-2335	445	5	doi	doi	NOUN
easat-2335	445	6	:	:	PUNCT
easat-2335	445	7	10.3390	10.3390	NUM
easat-2335	445	8	/	/	SYM
easat-2335	445	9	su14159237	su14159237	PROPN
easat-2335	445	10	.	.	PUNCT
easat-2335	446	1	[	[	X
easat-2335	446	2	14	14	NUM
easat-2335	446	3	]	]	X
easat-2335	446	4	y.	y.	PROPN
easat-2335	446	5	bai	bai	PROPN
easat-2335	446	6	,	,	PUNCT
easat-2335	446	7	x.	x.	NOUN
easat-2335	446	8	ding	ding	PROPN
easat-2335	446	9	,	,	PUNCT
easat-2335	446	10	and	and	CCONJ
easat-2335	446	11	l.	l.	PROPN
easat-2335	446	12	jiang	jiang	PROPN
easat-2335	446	13	,	,	PUNCT
easat-2335	446	14	“	"	PUNCT
easat-2335	446	15	corporate	corporate	ADJ
easat-2335	446	16	environmental	environmental	ADJ
easat-2335	446	17	pictures	picture	NOUN
easat-2335	446	18	information	information	NOUN
easat-2335	446	19	disclosure	disclosure	NOUN
easat-2335	446	20	and	and	CCONJ
easat-2335	446	21	investor	investor	NOUN
easat-2335	446	22	market	market	NOUN
easat-2335	446	23	reaction	reaction	NOUN
easat-2335	446	24	:	:	PUNCT
easat-2335	446	25	a	a	DET
easat-2335	446	26	new	new	ADJ
easat-2335	446	27	perspective	perspective	NOUN
easat-2335	446	28	from	from	ADP
easat-2335	446	29	large	large	ADJ
easat-2335	446	30	-	-	PUNCT
easat-2335	446	31	scale	scale	NOUN
easat-2335	446	32	pictures	picture	NOUN
easat-2335	446	33	feature	feature	VERB
easat-2335	446	34	mining	mining	NOUN
easat-2335	446	35	,	,	PUNCT
easat-2335	446	36	”	"	PUNCT
easat-2335	446	37	j.	j.	PROPN
easat-2335	446	38	clean	clean	PROPN
easat-2335	446	39	.	.	PUNCT
easat-2335	447	1	prod	prod	PROPN
easat-2335	447	2	.	.	PUNCT
easat-2335	447	3	,	,	PUNCT
easat-2335	447	4	vol	vol	NOUN
easat-2335	447	5	.	.	PROPN
easat-2335	447	6	437	437	NUM
easat-2335	447	7	,	,	PUNCT
easat-2335	447	8	p.	p.	NOUN
easat-2335	447	9	140616	140616	NUM
easat-2335	447	10	,	,	PUNCT
easat-2335	447	11	2024	2024	NUM
easat-2335	447	12	,	,	PUNCT
easat-2335	447	13	doi	doi	NOUN
easat-2335	447	14	:	:	PUNCT
easat-2335	447	15	10.1016	10.1016	NUM
easat-2335	447	16	/	/	SYM
easat-2335	447	17	j.jclepro.2024.140616	j.jclepro.2024.140616	VERB
easat-2335	447	18	.	.	PUNCT
easat-2335	448	1	[	[	X
easat-2335	448	2	15	15	NUM
easat-2335	448	3	]	]	X
easat-2335	448	4	w.	w.	NOUN
easat-2335	448	5	schramade	schramade	PROPN
easat-2335	448	6	,	,	PUNCT
easat-2335	448	7	“	"	PUNCT
easat-2335	448	8	integrating	integrate	VERB
easat-2335	448	9	esg	esg	NOUN
easat-2335	448	10	into	into	ADP
easat-2335	448	11	valuation	valuation	NOUN
easat-2335	448	12	models	model	NOUN
easat-2335	448	13	and	and	CCONJ
easat-2335	448	14	investment	investment	NOUN
easat-2335	448	15	decisions	decision	NOUN
easat-2335	448	16	:	:	PUNCT
easat-2335	448	17	the	the	DET
easat-2335	448	18	value	value	NOUN
easat-2335	448	19	-	-	PUNCT
easat-2335	448	20	driver	driver	NOUN
easat-2335	448	21	adjustment	adjustment	NOUN
easat-2335	448	22	approach	approach	NOUN
easat-2335	448	23	,	,	PUNCT
easat-2335	448	24	”	"	PUNCT
easat-2335	448	25	j.	j.	PROPN
easat-2335	448	26	sustain	sustain	PROPN
easat-2335	448	27	.	.	PUNCT
easat-2335	449	1	financ	financ	PROPN
easat-2335	449	2	.	.	PUNCT
easat-2335	450	1	invest	invest	PROPN
easat-2335	450	2	.	.	PUNCT
easat-2335	451	1	,	,	PUNCT
easat-2335	451	2	vol	vol	NOUN
easat-2335	451	3	.	.	PROPN
easat-2335	452	1	6	6	NUM
easat-2335	452	2	,	,	PUNCT
easat-2335	452	3	no	no	INTJ
easat-2335	452	4	.	.	NOUN
easat-2335	452	5	2	2	NUM
easat-2335	452	6	,	,	PUNCT
easat-2335	452	7	pp	pp	ADJ
easat-2335	452	8	.	.	PUNCT
easat-2335	453	1	95–111	95–111	NUM
easat-2335	453	2	,	,	PUNCT
easat-2335	453	3	2016	2016	NUM
easat-2335	453	4	,	,	PUNCT
easat-2335	453	5	doi	doi	NOUN
easat-2335	453	6	:	:	PUNCT
easat-2335	453	7	10.1080/20430795.2016.1176425	10.1080/20430795.2016.1176425	NUM
easat-2335	453	8	.	.	PUNCT
easat-2335	454	1	[	[	X
easat-2335	454	2	16	16	NUM
easat-2335	454	3	]	]	PUNCT
easat-2335	454	4	a.	a.	PROPN
easat-2335	454	5	tsang	tsang	PROPN
easat-2335	454	6	,	,	PUNCT
easat-2335	454	7	h.	h.	PROPN
easat-2335	454	8	cao	cao	PROPN
easat-2335	454	9	,	,	PUNCT
easat-2335	454	10	and	and	CCONJ
easat-2335	454	11	t.	t.	NOUN
easat-2335	454	12	frost	frost	NOUN
easat-2335	454	13	,	,	PUNCT
easat-2335	454	14	“	"	PUNCT
easat-2335	454	15	environmental	environmental	ADJ
easat-2335	454	16	,	,	PUNCT
easat-2335	454	17	social	social	ADJ
easat-2335	454	18	,	,	PUNCT
easat-2335	454	19	and	and	CCONJ
easat-2335	454	20	governance	governance	NOUN
easat-2335	454	21	(	(	PUNCT
easat-2335	454	22	esg	esg	NOUN
easat-2335	454	23	)	)	PUNCT
easat-2335	454	24	disclosure	disclosure	NOUN
easat-2335	454	25	:	:	PUNCT
easat-2335	454	26	a	a	DET
easat-2335	454	27	literature	literature	NOUN
easat-2335	454	28	review	review	NOUN
easat-2335	454	29	,	,	PUNCT
easat-2335	454	30	”	"	PUNCT
easat-2335	454	31	br	br	PROPN
easat-2335	454	32	.	.	PROPN
easat-2335	454	33	account	account	PROPN
easat-2335	454	34	.	.	PUNCT
easat-2335	455	1	rev	rev	PROPN
easat-2335	455	2	.	.	PROPN
easat-2335	455	3	,	,	PUNCT
easat-2335	455	4	vol	vol	NOUN
easat-2335	455	5	.	.	PROPN
easat-2335	456	1	55	55	NUM
easat-2335	456	2	,	,	PUNCT
easat-2335	456	3	no	no	INTJ
easat-2335	456	4	.	.	NOUN
easat-2335	456	5	1	1	NUM
easat-2335	456	6	,	,	PUNCT
easat-2335	456	7	2023	2023	NUM
easat-2335	456	8	,	,	PUNCT
easat-2335	456	9	doi	doi	NOUN
easat-2335	456	10	:	:	PUNCT
easat-2335	456	11	10.1016	10.1016	NUM
easat-2335	456	12	/	/	SYM
easat-2335	456	13	j.bar.2022.101149	j.bar.2022.101149	PROPN
easat-2335	456	14	.	.	PUNCT
easat-2335	457	1	[	[	X
easat-2335	457	2	17	17	NUM
easat-2335	457	3	]	]	PUNCT
easat-2335	457	4	a.	a.	NOUN
easat-2335	457	5	awaysheh	awaysheh	PROPN
easat-2335	457	6	,	,	PUNCT
easat-2335	457	7	r.	r.	PROPN
easat-2335	457	8	a.	a.	PROPN
easat-2335	457	9	heron	heron	PROPN
easat-2335	457	10	,	,	PUNCT
easat-2335	457	11	t.	t.	PROPN
easat-2335	457	12	perry	perry	PROPN
easat-2335	457	13	,	,	PUNCT
easat-2335	457	14	and	and	CCONJ
easat-2335	457	15	j.	j.	PROPN
easat-2335	457	16	i.	i.	PROPN
easat-2335	457	17	wilson	wilson	PROPN
easat-2335	457	18	,	,	PUNCT
easat-2335	457	19	“	"	PUNCT
easat-2335	457	20	on	on	ADP
easat-2335	457	21	the	the	DET
easat-2335	457	22	relation	relation	NOUN
easat-2335	457	23	between	between	ADP
easat-2335	457	24	corporate	corporate	ADJ
easat-2335	457	25	social	social	ADJ
easat-2335	457	26	responsibility	responsibility	NOUN
easat-2335	457	27	and	and	CCONJ
easat-2335	457	28	financial	financial	ADJ
easat-2335	457	29	performance	performance	NOUN
easat-2335	457	30	,	,	PUNCT
easat-2335	457	31	”	"	PUNCT
easat-2335	457	32	strateg	strateg	NOUN
easat-2335	457	33	.	.	PUNCT
easat-2335	457	34	manag	manag	PROPN
easat-2335	457	35	.	.	PUNCT
easat-2335	458	1	j.	j.	PROPN
easat-2335	458	2	,	,	PUNCT
easat-2335	458	3	vol	vol	NOUN
easat-2335	458	4	.	.	PROPN
easat-2335	458	5	41	41	NUM
easat-2335	458	6	,	,	PUNCT
easat-2335	458	7	no	no	INTJ
easat-2335	458	8	.	.	NOUN
easat-2335	458	9	6	6	NUM
easat-2335	458	10	,	,	PUNCT
easat-2335	458	11	pp	pp	ADJ
easat-2335	458	12	.	.	PUNCT
easat-2335	459	1	965–987	965–987	NUM
easat-2335	459	2	,	,	PUNCT
easat-2335	459	3	2020	2020	NUM
easat-2335	459	4	,	,	PUNCT
easat-2335	459	5	doi	doi	NOUN
easat-2335	459	6	:	:	PUNCT
easat-2335	459	7	10.1002	10.1002	NUM
easat-2335	459	8	/	/	SYM
easat-2335	459	9	smj.3122	smj.3122	NOUN
easat-2335	459	10	.	.	PUNCT
easat-2335	460	1	[	[	X
easat-2335	460	2	18	18	NUM
easat-2335	460	3	]	]	PUNCT
easat-2335	460	4	a.	a.	NOUN
easat-2335	460	5	parikh	parikh	PROPN
easat-2335	460	6	,	,	PUNCT
easat-2335	460	7	d.	d.	PROPN
easat-2335	460	8	kumari	kumari	PROPN
easat-2335	460	9	,	,	PUNCT
easat-2335	460	10	m.	m.	PROPN
easat-2335	460	11	johann	johann	PROPN
easat-2335	460	12	,	,	PUNCT
easat-2335	460	13	and	and	CCONJ
easat-2335	460	14	d.	d.	PROPN
easat-2335	460	15	mladenović	mladenović	PROPN
easat-2335	460	16	,	,	PUNCT
easat-2335	460	17	“	"	PUNCT
easat-2335	460	18	the	the	DET
easat-2335	460	19	impact	impact	NOUN
easat-2335	460	20	of	of	ADP
easat-2335	460	21	environmental	environmental	ADJ
easat-2335	460	22	,	,	PUNCT
easat-2335	460	23	social	social	ADJ
easat-2335	460	24	and	and	CCONJ
easat-2335	460	25	governance	governance	NOUN
easat-2335	460	26	score	score	NOUN
easat-2335	460	27	on	on	ADP
easat-2335	460	28	shareholder	shareholder	NOUN
easat-2335	460	29	wealth	wealth	NOUN
easat-2335	460	30	:	:	PUNCT
easat-2335	460	31	a	a	DET
easat-2335	460	32	new	new	ADJ
easat-2335	460	33	dimension	dimension	NOUN
easat-2335	460	34	in	in	ADP
easat-2335	460	35	investment	investment	NOUN
easat-2335	460	36	philosophy	philosophy	NOUN
easat-2335	460	37	,	,	PUNCT
easat-2335	460	38	”	"	PUNCT
easat-2335	460	39	clean	clean	ADJ
easat-2335	460	40	.	.	PUNCT
easat-2335	461	1	responsible	responsible	ADJ
easat-2335	461	2	consum	consum	NOUN
easat-2335	461	3	.	.	PUNCT
easat-2335	461	4	,	,	PUNCT
easat-2335	461	5	vol	vol	NOUN
easat-2335	461	6	.	.	PROPN
easat-2335	461	7	8	8	NUM
easat-2335	461	8	,	,	PUNCT
easat-2335	461	9	2023	2023	NUM
easat-2335	461	10	,	,	PUNCT
easat-2335	461	11	doi	doi	NOUN
easat-2335	461	12	:	:	PUNCT
easat-2335	461	13	10.1016	10.1016	NUM
easat-2335	461	14	/	/	SYM
easat-2335	461	15	j.clrc.2023.100101	j.clrc.2023.100101	NOUN
easat-2335	461	16	.	.	PUNCT
easat-2335	462	1	[	[	X
easat-2335	462	2	19	19	NUM
easat-2335	462	3	]	]	X
easat-2335	462	4	e.	e.	PROPN
easat-2335	462	5	ilhan	ilhan	PROPN
easat-2335	462	6	,	,	PUNCT
easat-2335	462	7	p.	p.	PROPN
easat-2335	462	8	krueger	krueger	PROPN
easat-2335	462	9	,	,	PUNCT
easat-2335	462	10	z.	z.	PROPN
easat-2335	462	11	sautner	sautner	PROPN
easat-2335	462	12	,	,	PUNCT
easat-2335	462	13	and	and	CCONJ
easat-2335	462	14	l.	l.	PROPN
easat-2335	462	15	t.	t.	PROPN
easat-2335	462	16	starks	starks	PROPN
easat-2335	462	17	,	,	PUNCT
easat-2335	462	18	“	"	PUNCT
easat-2335	462	19	climate	climate	NOUN
easat-2335	462	20	risk	risk	NOUN
easat-2335	462	21	disclosure	disclosure	NOUN
easat-2335	462	22	and	and	CCONJ
easat-2335	462	23	institutional	institutional	ADJ
easat-2335	462	24	investors	investor	NOUN
easat-2335	462	25	,	,	PUNCT
easat-2335	462	26	”	"	PUNCT
easat-2335	462	27	rev	rev	PROPN
easat-2335	462	28	.	.	PROPN
easat-2335	462	29	financ	financ	PROPN
easat-2335	462	30	.	.	PUNCT
easat-2335	463	1	stud	stud	PROPN
easat-2335	463	2	.	.	PUNCT
easat-2335	464	1	,	,	PUNCT
easat-2335	464	2	vol	vol	NOUN
easat-2335	464	3	.	.	PROPN
easat-2335	465	1	36	36	NUM
easat-2335	465	2	,	,	PUNCT
easat-2335	465	3	no	no	INTJ
easat-2335	465	4	.	.	NOUN
easat-2335	465	5	7	7	NUM
easat-2335	465	6	,	,	PUNCT
easat-2335	465	7	pp	pp	ADJ
easat-2335	465	8	.	.	PUNCT
easat-2335	466	1	2617–2650	2617–2650	NUM
easat-2335	466	2	,	,	PUNCT
easat-2335	466	3	2023	2023	NUM
easat-2335	466	4	,	,	PUNCT
easat-2335	466	5	doi	doi	NOUN
easat-2335	466	6	:	:	PUNCT
easat-2335	466	7	10.1093	10.1093	NUM
easat-2335	466	8	/	/	SYM
easat-2335	466	9	rfs	rfs	PROPN
easat-2335	466	10	/	/	SYM
easat-2335	466	11	hhad002	hhad002	PROPN
easat-2335	466	12	.	.	PUNCT
easat-2335	467	1	[	[	X
easat-2335	467	2	20	20	NUM
easat-2335	467	3	]	]	PUNCT
easat-2335	467	4	x.	x.	NOUN
easat-2335	467	5	xu	xu	PROPN
easat-2335	467	6	,	,	PUNCT
easat-2335	467	7	r.	r.	PROPN
easat-2335	467	8	jing	jing	PROPN
easat-2335	467	9	,	,	PUNCT
easat-2335	467	10	and	and	CCONJ
easat-2335	467	11	f.	f.	PROPN
easat-2335	467	12	lu	lu	PROPN
easat-2335	467	13	,	,	PUNCT
easat-2335	467	14	“	"	PUNCT
easat-2335	467	15	environmental	environmental	ADJ
easat-2335	467	16	regulation	regulation	NOUN
easat-2335	467	17	,	,	PUNCT
easat-2335	467	18	corporate	corporate	ADJ
easat-2335	467	19	social	social	ADJ
easat-2335	467	20	responsibility	responsibility	NOUN
easat-2335	467	21	(	(	PUNCT
easat-2335	467	22	csr	csr	NOUN
easat-2335	467	23	)	)	PUNCT
easat-2335	467	24	disclosure	disclosure	NOUN
easat-2335	467	25	and	and	CCONJ
easat-2335	467	26	enterprise	enterprise	NOUN
easat-2335	467	27	green	green	ADJ
easat-2335	467	28	innovation	innovation	NOUN
easat-2335	467	29	:	:	PUNCT
easat-2335	467	30	evidence	evidence	NOUN
easat-2335	467	31	from	from	ADP
easat-2335	467	32	listed	list	VERB
easat-2335	467	33	companies	company	NOUN
easat-2335	467	34	in	in	ADP
easat-2335	467	35	china	china	PROPN
easat-2335	467	36	,	,	PUNCT
easat-2335	467	37	”	"	PUNCT
easat-2335	467	38	int	int	NOUN
easat-2335	467	39	.	.	PUNCT
easat-2335	468	1	j.	j.	PROPN
easat-2335	468	2	environ	environ	PROPN
easat-2335	468	3	.	.	PUNCT
easat-2335	469	1	res	re	NOUN
easat-2335	469	2	.	.	PUNCT
easat-2335	470	1	public	public	ADJ
easat-2335	470	2	health	health	NOUN
easat-2335	470	3	,	,	PUNCT
easat-2335	470	4	vol	vol	NOUN
easat-2335	470	5	.	.	PROPN
easat-2335	470	6	19	19	NUM
easat-2335	470	7	,	,	PUNCT
easat-2335	470	8	no	no	INTJ
easat-2335	470	9	.	.	NOUN
easat-2335	470	10	22	22	NUM
easat-2335	470	11	,	,	PUNCT
easat-2335	470	12	2022	2022	NUM
easat-2335	470	13	,	,	PUNCT
easat-2335	470	14	doi	doi	NOUN
easat-2335	470	15	:	:	PUNCT
easat-2335	470	16	10.3390	10.3390	NUM
easat-2335	470	17	/	/	SYM
easat-2335	470	18	ijerph192214771	ijerph192214771	PROPN
easat-2335	470	19	.	.	PUNCT
easat-2335	471	1	[	[	X
easat-2335	471	2	21	21	NUM
easat-2335	471	3	]	]	X
easat-2335	471	4	y.	y.	PROPN
easat-2335	471	5	lian	lian	PROPN
easat-2335	471	6	,	,	PUNCT
easat-2335	471	7	y.	y.	PROPN
easat-2335	471	8	li	li	PROPN
easat-2335	471	9	,	,	PUNCT
easat-2335	471	10	and	and	CCONJ
easat-2335	471	11	h.	h.	PROPN
easat-2335	471	12	cao	cao	PROPN
easat-2335	471	13	,	,	PUNCT
easat-2335	471	14	“	"	PUNCT
easat-2335	471	15	how	how	SCONJ
easat-2335	471	16	does	do	AUX
easat-2335	471	17	corporate	corporate	ADJ
easat-2335	471	18	esg	esg	NOUN
easat-2335	471	19	performance	performance	NOUN
easat-2335	471	20	affect	affect	VERB
easat-2335	471	21	sustainable	sustainable	ADJ
easat-2335	471	22	development	development	NOUN
easat-2335	471	23	:	:	PUNCT
easat-2335	471	24	a	a	DET
easat-2335	471	25	green	green	ADJ
easat-2335	471	26	innovation	innovation	NOUN
easat-2335	471	27	perspective	perspective	NOUN
easat-2335	471	28	,	,	PUNCT
easat-2335	471	29	”	"	PUNCT
easat-2335	471	30	front	front	NOUN
easat-2335	471	31	.	.	PUNCT
easat-2335	472	1	environ	environ	PROPN
easat-2335	472	2	.	.	PUNCT
easat-2335	473	1	sci	sci	PROPN
easat-2335	473	2	.	.	PROPN
easat-2335	473	3	,	,	PUNCT
easat-2335	473	4	vol	vol	NOUN
easat-2335	473	5	.	.	PROPN
easat-2335	473	6	11	11	NUM
easat-2335	473	7	,	,	PUNCT
easat-2335	473	8	pp	pp	PROPN
easat-2335	473	9	.	.	PUNCT
easat-2335	474	1	1–16	1–16	NOUN
easat-2335	474	2	,	,	PUNCT
easat-2335	474	3	2023	2023	NUM
easat-2335	474	4	,	,	PUNCT
easat-2335	474	5	doi	doi	NOUN
easat-2335	474	6	:	:	PUNCT
easat-2335	474	7	10.3389	10.3389	NUM
easat-2335	474	8	/	/	SYM
easat-2335	474	9	fenvs.2023.1170582	fenvs.2023.1170582	NOUN
easat-2335	474	10	.	.	PUNCT
easat-2335	475	1	[	[	X
easat-2335	475	2	22	22	NUM
easat-2335	475	3	]	]	X
easat-2335	475	4	g.	g.	PROPN
easat-2335	475	5	friede	friede	PROPN
easat-2335	475	6	,	,	PUNCT
easat-2335	475	7	t.	t.	PROPN
easat-2335	475	8	busch	busch	PROPN
easat-2335	475	9	,	,	PUNCT
easat-2335	475	10	and	and	CCONJ
easat-2335	475	11	a.	a.	PROPN
easat-2335	475	12	bassen	bassen	PROPN
easat-2335	475	13	,	,	PUNCT
easat-2335	475	14	“	"	PUNCT
easat-2335	475	15	esg	esg	PROPN
easat-2335	475	16	and	and	CCONJ
easat-2335	475	17	financial	financial	ADJ
easat-2335	475	18	performance	performance	NOUN
easat-2335	475	19	:	:	PUNCT
easat-2335	475	20	aggregated	aggregate	VERB
easat-2335	475	21	evidence	evidence	NOUN
easat-2335	475	22	from	from	ADP
easat-2335	475	23	more	more	ADJ
easat-2335	475	24	than	than	ADP
easat-2335	475	25	2000	2000	NUM
easat-2335	475	26	empirical	empirical	ADJ
easat-2335	475	27	studies	study	NOUN
easat-2335	475	28	,	,	PUNCT
easat-2335	475	29	”	"	PUNCT
easat-2335	475	30	j.	j.	PROPN
easat-2335	475	31	sustain	sustain	PROPN
easat-2335	475	32	.	.	PUNCT
easat-2335	476	1	financ	financ	PROPN
easat-2335	476	2	.	.	PUNCT
easat-2335	477	1	invest	invest	PROPN
easat-2335	477	2	.	.	PUNCT
easat-2335	478	1	,	,	PUNCT
easat-2335	478	2	vol	vol	NOUN
easat-2335	478	3	.	.	PROPN
easat-2335	479	1	5	5	NUM
easat-2335	479	2	,	,	PUNCT
easat-2335	479	3	no	no	INTJ
easat-2335	479	4	.	.	NOUN
easat-2335	479	5	4	4	NUM
easat-2335	479	6	,	,	PUNCT
easat-2335	479	7	pp	pp	ADJ
easat-2335	479	8	.	.	PUNCT
easat-2335	480	1	210–233	210–233	NUM
easat-2335	480	2	,	,	PUNCT
easat-2335	480	3	2015	2015	NUM
easat-2335	480	4	,	,	PUNCT
easat-2335	480	5	doi	doi	NOUN
easat-2335	480	6	:	:	PUNCT
easat-2335	480	7	10.1080/20430795.2015.1118917	10.1080/20430795.2015.1118917	NUM
easat-2335	480	8	.	.	PUNCT
easat-2335	481	1	[	[	X
easat-2335	481	2	23	23	NUM
easat-2335	481	3	]	]	X
easat-2335	481	4	e.	e.	PROPN
easat-2335	481	5	duque	duque	PROPN
easat-2335	481	6	-	-	PUNCT
easat-2335	481	7	grisales	grisale	NOUN
easat-2335	481	8	and	and	CCONJ
easat-2335	481	9	j.	j.	PROPN
easat-2335	481	10	aguilera	aguilera	PROPN
easat-2335	481	11	-	-	PUNCT
easat-2335	481	12	caracuel	caracuel	NOUN
easat-2335	481	13	,	,	PUNCT
easat-2335	481	14	“	"	PUNCT
easat-2335	481	15	environmental	environmental	ADJ
easat-2335	481	16	,	,	PUNCT
easat-2335	481	17	social	social	ADJ
easat-2335	481	18	and	and	CCONJ
easat-2335	481	19	governance	governance	NOUN
easat-2335	481	20	(	(	PUNCT
easat-2335	481	21	esg	esg	NOUN
easat-2335	481	22	)	)	PUNCT
easat-2335	481	23	scores	score	NOUN
easat-2335	481	24	and	and	CCONJ
easat-2335	481	25	financial	financial	ADJ
easat-2335	481	26	performance	performance	NOUN
easat-2335	481	27	of	of	ADP
easat-2335	481	28	multilatinas	multilatina	NOUN
easat-2335	481	29	:	:	PUNCT
easat-2335	481	30	moderating	moderate	VERB
easat-2335	481	31	effects	effect	NOUN
easat-2335	481	32	of	of	ADP
easat-2335	481	33	geographic	geographic	ADJ
easat-2335	481	34	international	international	ADJ
easat-2335	481	35	diversification	diversification	NOUN
easat-2335	481	36	and	and	CCONJ
easat-2335	481	37	financial	financial	ADJ
easat-2335	481	38	slack	slack	NOUN
easat-2335	481	39	,	,	PUNCT
easat-2335	481	40	”	"	PUNCT
easat-2335	481	41	j.	j.	PROPN
easat-2335	481	42	bus	bus	PROPN
easat-2335	481	43	.	.	PUNCT
easat-2335	482	1	ethics	ethic	NOUN
easat-2335	482	2	,	,	PUNCT
easat-2335	482	3	vol	vol	NOUN
easat-2335	482	4	.	.	PROPN
easat-2335	482	5	168	168	NUM
easat-2335	482	6	,	,	PUNCT
easat-2335	482	7	no	no	INTJ
easat-2335	482	8	.	.	NOUN
easat-2335	482	9	2	2	NUM
easat-2335	482	10	,	,	PUNCT
easat-2335	482	11	pp	pp	ADJ
easat-2335	482	12	.	.	PUNCT
easat-2335	483	1	315–334	315–334	NUM
easat-2335	483	2	,	,	PUNCT
easat-2335	483	3	2021	2021	NUM
easat-2335	483	4	,	,	PUNCT
easat-2335	483	5	doi	doi	NOUN
easat-2335	483	6	:	:	PUNCT
easat-2335	483	7	10.1007	10.1007	NUM
easat-2335	483	8	/	/	SYM
easat-2335	483	9	s10551	s10551	NOUN
easat-2335	483	10	-	-	PUNCT
easat-2335	483	11	019	019	NUM
easat-2335	483	12	-	-	PUNCT
easat-2335	483	13	04177	04177	NUM
easat-2335	483	14	-	-	PUNCT
easat-2335	483	15	w.	w.	NOUN
easat-2335	484	1	[	[	X
easat-2335	484	2	24	24	NUM
easat-2335	484	3	]	]	PUNCT
easat-2335	484	4	t.	t.	PROPN
easat-2335	484	5	whelan	whelan	PROPN
easat-2335	484	6	,	,	PUNCT
easat-2335	484	7	u.	u.	PROPN
easat-2335	484	8	atz	atz	PROPN
easat-2335	484	9	,	,	PUNCT
easat-2335	484	10	t.	t.	PROPN
easat-2335	484	11	van	van	PROPN
easat-2335	484	12	holt	holt	PROPN
easat-2335	484	13	,	,	PUNCT
easat-2335	484	14	and	and	CCONJ
easat-2335	484	15	c.	c.	PROPN
easat-2335	484	16	clark	clark	PROPN
easat-2335	484	17	,	,	PUNCT
easat-2335	484	18	“	"	PUNCT
easat-2335	484	19	esg	esg	PROPN
easat-2335	484	20	and	and	CCONJ
easat-2335	484	21	financial	financial	ADJ
easat-2335	484	22	performance	performance	NOUN
easat-2335	484	23	:	:	PUNCT
easat-2335	484	24	uncovering	uncover	VERB
easat-2335	484	25	the	the	DET
easat-2335	484	26	relationship	relationship	NOUN
easat-2335	484	27	by	by	ADP
easat-2335	484	28	aggregating	aggregate	VERB
easat-2335	484	29	evidence	evidence	NOUN
easat-2335	484	30	from	from	ADP
easat-2335	484	31	1,000	1,000	NUM
easat-2335	484	32	plus	plus	CCONJ
easat-2335	484	33	studies	study	NOUN
easat-2335	484	34	published	publish	VERB
easat-2335	484	35	between	between	ADP
easat-2335	484	36	2015	2015	NUM
easat-2335	484	37	–	–	PUNCT
easat-2335	484	38	2020	2020	NUM
easat-2335	484	39	,	,	PUNCT
easat-2335	484	40	”	"	PUNCT
easat-2335	484	41	nyu	nyu	PROPN
easat-2335	484	42	stern	stern	ADJ
easat-2335	484	43	center	center	NOUN
easat-2335	484	44	for	for	ADP
easat-2335	484	45	sustainable	sustainable	ADJ
easat-2335	484	46	business	business	NOUN
easat-2335	484	47	,	,	PUNCT
easat-2335	484	48	2021	2021	NUM
easat-2335	484	49	.	.	PUNCT
easat-2335	485	1	[	[	X
easat-2335	485	2	25	25	NUM
easat-2335	485	3	]	]	X
easat-2335	485	4	kpmg	kpmg	PROPN
easat-2335	485	5	,	,	PUNCT
easat-2335	485	6	“	"	PUNCT
easat-2335	485	7	the	the	DET
easat-2335	485	8	kpmg	kpmg	PROPN
easat-2335	485	9	survey	survey	NOUN
easat-2335	485	10	of	of	ADP
easat-2335	485	11	sustainability	sustainability	NOUN
easat-2335	485	12	reporting	report	VERB
easat-2335	485	13	2023	2023	NUM
easat-2335	485	14	,	,	PUNCT
easat-2335	485	15	”	"	PUNCT
easat-2335	485	16	kpmg	kpmg	PROPN
easat-2335	485	17	international	international	PROPN
easat-2335	485	18	,	,	PUNCT
easat-2335	485	19	2023	2023	NUM
easat-2335	485	20	.	.	PUNCT
easat-2335	486	1	[	[	X
easat-2335	486	2	26	26	NUM
easat-2335	486	3	]	]	PUNCT
easat-2335	486	4	[	[	X
easat-2335	486	5	author	author	NOUN
easat-2335	486	6	name	name	NOUN
easat-2335	486	7	]	]	PUNCT
easat-2335	486	8	,	,	PUNCT
easat-2335	486	9	“	"	PUNCT
easat-2335	486	10	the	the	DET
easat-2335	486	11	complex	complex	ADJ
easat-2335	486	12	effects	effect	NOUN
easat-2335	486	13	of	of	ADP
easat-2335	486	14	esg	esg	NOUN
easat-2335	486	15	disclosures	disclosure	NOUN
easat-2335	486	16	on	on	ADP
easat-2335	486	17	market	market	NOUN
easat-2335	486	18	valuation	valuation	NOUN
easat-2335	486	19	,	,	PUNCT
easat-2335	486	20	”	"	PUNCT
easat-2335	486	21	harv	harv	NOUN
easat-2335	486	22	.	.	PUNCT
easat-2335	487	1	bus	bus	NOUN
easat-2335	487	2	.	.	PUNCT
easat-2335	488	1	rev	rev	PROPN
easat-2335	488	2	.	.	PROPN
easat-2335	488	3	,	,	PUNCT
easat-2335	488	4	vol	vol	NOUN
easat-2335	488	5	.	.	PUNCT
easat-2335	489	1	[	[	X
easat-2335	489	2	volume	volume	NOUN
easat-2335	489	3	]	]	X
easat-2335	489	4	,	,	PUNCT
easat-2335	489	5	no	no	INTJ
easat-2335	489	6	.	.	PUNCT
easat-2335	490	1	[	[	X
easat-2335	490	2	issue	issue	NOUN
easat-2335	490	3	]	]	PUNCT
easat-2335	490	4	,	,	PUNCT
easat-2335	490	5	p.	p.	NOUN
easat-2335	491	1	[	[	X
easat-2335	491	2	start	start	VERB
easat-2335	491	3	page]-[end	page]-[end	PROPN
easat-2335	491	4	page	page	NOUN
easat-2335	491	5	]	]	X
easat-2335	491	6	,	,	PUNCT
easat-2335	491	7	2023	2023	NUM
easat-2335	491	8	.	.	PUNCT
easat-2335	492	1	[	[	X
easat-2335	492	2	27	27	NUM
easat-2335	492	3	]	]	SYM
easat-2335	492	4	pwc	pwc	NOUN
easat-2335	492	5	,	,	PUNCT
easat-2335	492	6	“	"	PUNCT
easat-2335	492	7	consumer	consumer	NOUN
easat-2335	492	8	intelligence	intelligence	NOUN
easat-2335	492	9	series	series	NOUN
easat-2335	492	10	survey	survey	NOUN
easat-2335	492	11	on	on	ADP
easat-2335	492	12	esg	esg	PROPN
easat-2335	492	13	,	,	PUNCT
easat-2335	492	14	”	"	PUNCT
easat-2335	492	15	pricewaterhousecoopers	pricewaterhousecooper	NOUN
easat-2335	492	16	,	,	PUNCT
easat-2335	492	17	2022	2022	NUM
easat-2335	492	18	.	.	PUNCT
easat-2335	493	1	[	[	X
easat-2335	493	2	28	28	NUM
easat-2335	493	3	]	]	X
easat-2335	493	4	m.	m.	NOUN
easat-2335	493	5	&	&	CCONJ
easat-2335	493	6	company	company	PROPN
easat-2335	493	7	,	,	PUNCT
easat-2335	493	8	“	"	PUNCT
easat-2335	493	9	esg	esg	PROPN
easat-2335	493	10	disclosure	disclosure	NOUN
easat-2335	493	11	:	:	PUNCT
easat-2335	493	12	navigating	navigate	VERB
easat-2335	493	13	the	the	DET
easat-2335	493	14	new	new	ADJ
easat-2335	493	15	landscape	landscape	NOUN
easat-2335	493	16	,	,	PUNCT
easat-2335	493	17	”	"	PUNCT
easat-2335	493	18	mckinsey	mckinsey	NOUN
easat-2335	493	19	&	&	CCONJ
easat-2335	493	20	company	company	NOUN
easat-2335	493	21	,	,	PUNCT
easat-2335	493	22	2023	2023	NUM
easat-2335	493	23	.	.	PUNCT
easat-2335	494	1	[	[	X
easat-2335	494	2	29	29	NUM
easat-2335	494	3	]	]	SYM
easat-2335	494	4	ey	ey	NOUN
easat-2335	494	5	,	,	PUNCT
easat-2335	494	6	“	"	PUNCT
easat-2335	494	7	global	global	ADJ
easat-2335	494	8	institutional	institutional	ADJ
easat-2335	494	9	investor	investor	NOUN
easat-2335	494	10	survey	survey	NOUN
easat-2335	494	11	,	,	PUNCT
easat-2335	494	12	”	"	PUNCT
easat-2335	494	13	ernst	ernst	PROPN
easat-2335	494	14	&	&	CCONJ
easat-2335	494	15	young	young	ADJ
easat-2335	494	16	global	global	ADJ
easat-2335	494	17	limited	limited	ADJ
easat-2335	494	18	,	,	PUNCT
easat-2335	494	19	2022	2022	NUM
easat-2335	494	20	.	.	PUNCT