VBO Export XLS does not display links (<a href="">Label</a>)

Problem/Motivation

When exporting a View using VBO Export in CSV or XLSX format, cells containing links in Label format do not display the expected value. Instead of showing either the label or the full hyperlink, the cell appears empty or contains only the text without the hyperlink.

Steps to reproduce

1. Install and enable the Views Bulk Operations (VBO) Export module.
2. Create a link in the View, such as the node title linking to the content.
3. Add VBO as a field and enable the action "Export as CSV/XLSX".
4. Open the CSV/XLSX file and check the cell where the link was supposed to be.