“…In addition, to avoid biased results, we included several control variables, selected according to the previous literature (i.e., Amini, Bienstock, & Narcum, ; Amorelli & García‐Sánchez, ; Chen et al, ; Ghisetti, Marzucchi, & Montresor, ; Lee et al, ; Minutolo, Kristjanpoller, & Stakeley, ; Terrón Ibáñez, Gómez‐Miranda, Rodríguez, & Rodríguez Ariza, ; Tomas Siueia & Wang, ; Tsai & Liao, ; Tsai & Wang, ): “Size” is a numerical variable that represents the size of the company through the logarithm of total assets; “Leverage” is a numerical variable that represents financial leverage through the proportion of foreign funds and equity; “WC” is a numerical variable that represents the fund maneuver or liquidity of the company; “Dividend” is a numerical variable that represents the dividends accrued per share; “ForeignSales” is a numerical variable that represents the percentage of sales in markets other than domestic; “CapitalExp” is a numerical variable that represents the investment in physical capital relativized by sales; “R&D” is a numerical variable that represents the investment in R + D + i relativized by sales; “FirmAge” is a numerical variable that represents the age of the company; “CorpGovScore” is a numerical variable that represents the good corporate governance of the company through a score; and “SocialScore” is a numerical variable that represents the sustainability of social practices through a score. On the other hand, when we return the variable “Tobin Q ,” we control for economic profitability, “ROA.” Moreover, we control for “Country,” “Industry,” “Year,” “NCSRPI,” and the level of orientation towards the stakeholders of the company's country of origin (Amor‐Esteban, Galindo‐Vicente, & García‐Sánchez, ; Amor‐Esteban, Galindo‐Vicente, & García‐Sánchez, ; Amor‐Esteban, Galindo‐Villardón, & García‐Sánchez, ; Amor‐Esteban, García‐Sánchez, & Galindo‐Vicente, ; Amor‐Esteban, García‐Sánchez, & Galindo‐Vicente, ; García‐Sánchez, Cuadrado‐Ballesteros, & Frías‐Aceituno, ).…”