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Aug 2026

From Sustainability Outcomes to Firm Value: Outcome Verifiability in Multi‐Tier Sustainable Supply Chains

Sustainability investments in supply chains are positively associated with firm value on average, yet their effects remain heterogeneous. This paper argues that a critical and undertheorized source of this heterogeneity arises after environmental and social (E/S) outcomes are produced: namely, whether claims about th...

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