Critical Accounting Perspectives Final Report A3

Beyond warm glow: The risk – mitigating effect of corporate social responsibility in firmsBy: Yam Yenn Fay (s3966808)Table of contentsContents TOC \o "1-3" \h \z \u Executive Summary PAGEREF _Toc132150180 \h 2Introduction PAGEREF _Toc132150181 \h 2Signalling theory and effect on global economy crisis PAGEREF _Toc132150182 \h 3Root of legitimacy theory: Institutional theory/ Process orientation adoption & challenges in voluntary CSR disclosure PAGEREF _Toc132150183 \h 5Find out if sustainability information is relevant to primary stakeholders in companies. PAGEREF _Toc132150184 \h 6ESR (Environmental, Social, Responsible) reporting and public sectors PAGEREF _Toc132150185 \h 7Recommendation PAGEREF _Toc132150186 \h 8Conclusion PAGEREF _Toc132150187 \h 8References PAGEREF _Toc132150188 \h 8Appendix PAGEREF _Toc132150189 \h 10Executive Summary The importance of sustainability topics is on the rise with greenhouse gases and carbon emissions from green companies. There is an evergreen request to protect our environment and preserve natural resources, protecting planet’s ability to sustain life. Sustainability disclosures are significant to understand business registration and financial conditions, it was expressed during 2016 concept release which the SEC compute an idea statement asking for feedback on regulation S-K’s disclosure requirements. To kickstart the relevance of legitimation strategy for ethical and