Carbon Disclosure in the Light of Legitimacy Theory

CARBON DISCLOSURE IN THE LIGHT OF LEGITIMACY THEORY

Table of Contents
1.0 Introduction................................................................................................................................3
2.0 Practical Motivation...................................................................................................................4
3.0 Literature Review......................................................................................................................5
4.0 Proposition and Possible Methodology.....................................................................................8
5.0 Conclusion.................................................................................................................................9
References:....................................................................................................................................10
Appendix:......................................................................................................................................12
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1.0 Introduction
The research study has been an individual assignment focusing to underscore the usage of
legitimacy theory in predicting the manner in which the companies in the Australian market
would respond to the significant enhancement in the social concern related to the environment.
The project aims to highlight carbon disclosure as the primary issue and tends to evaluate it with
the support legitimacy theory. In the consideration of Michelon et al. (2018), it can be noted that
legitimacy theory tends to highlight the degree to which corporate social and environmental
revelations are controlled by the periphery developed by a community with the purpose of
appreciating and avoiding being penalized by society in which businesses operate. The literature
review section of the project aims to conduct empirical research of three different journals
containing the context “Carbon Disclosure in the light of Legitimacy Theory” in annotated
bibliography format. The journals would be discussed following argumentative format and
statements would be critiqued by other references. Depending on the entire discussions, a
suitable conclusion would be derived following strategic recommendations to overcome the
identified gaps.
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2.0 Practical Motivation
In the statement of Matthews et al. (2018), carbon emission has become one of the major factors
that are considered responsible behind the ecological imbalances. Moreover, companies are also
receiving several threats from the environmental agencies in terms of restricting their operations
that can lead devote to high carbon emission. Therefore, the organizations are required to have
an apparent idea regarding the carbon emission they are allowed to release in the environment to
maintain ecological stability (Jiang et al. 2018). Hence, carbon disclosure project has been a
relevant criterion that can help both businesses and community to gain transparent information
regarding the carbon emission an organization is causing in the environment (Fawcett and Parag,
2017). Based on which further actions can be taken. And legitimacy framework focus on
corporate and environmental wellbeing, thus, following legitimacy approach would help the
study to gain a better inference with logic.
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