Intra‐ and intersectoral effects in environmental disclosures: evidence for legitimacy theory?
研究了1974至2000年间英国富时100指数中五个行业的十家公司年报环境披露，发现行业内部和跨行业差异支持合法性理论，即企业通过自愿披露应对环境关注以维护合法性。
Abstract Environmental disclosures were recorded from the annual reports of a sample of ten UK FTSE 100 companies in five sectors between 1974 and 2000. ‘Environmental sensitivity’ was employed as a proxy for corporate vulnerability to environmental concern, and intra‐ and intersectoral differences were tested for in the belief that difference in industry response will signify differing perceptions on the need to provide voluntary disclosure and hence restore or maintain legitimacy. Intrasectoral agreements at given points in time were also taken to be evidence for legitimacy theory in that more than one company in a sector perceived a need to change disclosure behaviour at the same time. Legitimacy theory as an explicator for variability in environmental disclosure is supported. Copyright © 2003 John Wiley & Sons, Ltd and ERP Environment.