About this document
Legitimacy Theory in Corporate Disclosure by Teshan Anjana Kapugedara is a document available to read on EtoBox.
Legitimacy theory focuses on why companies voluntarily disclose information to external parties. It assumes companies are influenced by and influence the societies they operate within. Companies disclose information to appear legitimate in the eyes of society and maintain their license to operate. Failure to meet social expectations can lead to sanctions like legal restrictions or reduced demand. Empirical studies have found a relationship between media coverage of companies and increased social and environ
- Author
- Teshan Anjana Kapugedara
- Language
- EN