Question - Accounting for corporate social responsibilities
QUESTION 1: For each of the following theories, outline how we could use the theory to explain managements' motivations concerning their operating and reporting strategies:
(a) Legitimacy theory
(b) Stakeholder theory (managerial branch)
(c) Institutional theory
QUESTION 2: If you were undertaking a research project to investigate whether an adverse environmental event negatively affected the legitimacy of a company, how might you confirm an actual erosion of legitimacy has occurred?
QUESTION 3: Explain the limitations of our accounting system with respect to sustainability reporting.