Legitimacy theory suggests that corporate social disclosure will be used to

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Legitimacy theory suggests that companies will use corporate social disclosure to manage the concerns of key stakeholders and maintain their legitimacy in society. Companies will prioritize disclosing information that is important to stakeholders and that helps build or maintain their reputation as a responsible and ethical business. They may not disclose all their activities, especially if they are deemed harmful or unethical, but will instead focus on what is necessary to maintain their legitimacy.

Legitimacy Theory Suggests That Corporate Social Disclosure Will Be Used