“…According to the compensatory heuristic theory (Chernev and Hamilton, 2008), fans may perceive that allocating more resources toward social objectives implies a diversion of financial resources from the team, potentially impacting team performance. Consequently, fans may not favor CSR-linked sponsorship for team sponsors (Chang and Kwak, 2023). Nevertheless, we hypothesize that, in general, CSR-linked sponsorships are more effective than conventional (non-CSR) sponsorships.…”