Which of the following theories have been used to explain voluntary disclosure in the annual report?

Question

Quizplus · Accepted Answer

All three theories, institutional theory, stakeholder theory, and legitimacy theory, have been used to explain voluntary disclosure in the annual report. Institutional theory focuses on the pressures from external institutional stakeholders, stakeholder theory emphasizes the importance of meeting the needs and expectations of various stakeholders, and legitimacy theory suggests that companies disclose information to maintain their reputation and legitimacy in society. Therefore, all of the above theories have been used to explain the motivations behind voluntary disclosure in the annual report.

Which of the Following Theories Have Been Used to Explain