Skip to main content
. 2023 Jul 7;9(7):e17847. doi: 10.1016/j.heliyon.2023.e17847

Fig. 1.

Fig. 1

Conceptual Model. Note: The variables include cost leadership (CL), environmental, social, and governance (ESG), return on assets (ROA), and financial distress (FD). Image 1 represents the direct impact; Image 2 represents the indirect impact.