Which of the following statements aligns with legitimacy theory? Companies will voluntarily disclose their sustainability practices in the annual report. Companies will engage in sustainability practices because it is an expectation of society. Companies will engage in sustainability practices because they believe they must protect more than just the company's assets. Companies will engage in sustainability practices because they believe their responsibility extends beyond shareholders. O Companies will engage in sustainability practices because they believe the benefits will outweigh the costs.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements aligns with legitimacy theory?
Companies will voluntarily disclose their sustainability practices in the annual report.
Companies will engage in sustainability practices because it is an expectation of society.
Companies will engage in sustainability practices because they believe they must protect more than just the
company's assets.
Companies will engage in sustainability practices because they believe their responsibility extends beyond
shareholders.
Companies will engage in sustainability practices because they believe the benefits will outweigh the costs.
Transcribed Image Text:Which of the following statements aligns with legitimacy theory? Companies will voluntarily disclose their sustainability practices in the annual report. Companies will engage in sustainability practices because it is an expectation of society. Companies will engage in sustainability practices because they believe they must protect more than just the company's assets. Companies will engage in sustainability practices because they believe their responsibility extends beyond shareholders. Companies will engage in sustainability practices because they believe the benefits will outweigh the costs.
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