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Author

Afnei Ngan Billy Tumba

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Open access Aug 2026

When Investment Undermines Sustainability: The Moderating Role of CAPEX in the ESG–Environmental Innovation Relationship

Environmental innovation is increasingly important as firms face growing pressure to translate sustainability commitments into tangible environmental outcomes. This study examines the effects of Environmental, Social, and Governance (ESG) performance and the Environmental Pillar on environmental innovation and investig...

Umi Murtini, Afnei Ngan Billy Tumba · 0 citations

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