LEGITIMACY THEORY

Legitimacy Theory

Legitimacy Theory

Introduction

Legitimacy Theory states that business concern are leap by the agreement in which the firms correspond to do several socially hoped accomplishes in return for support of its purpose and other honours, and this finally ensures its continued being.

Legitimacy theory has become one of the ideas cited in the field of social and environmental accounting. However, there remains a deep scepticism among many researchers who have no real vision of enterprise information voluntarily. This brief document summarizes the responses to two exact anxieties recognized in the literature. Finally, the pattern is part of a much larger task of talking with a variety of issues related to the theory of legitimacy. First, the statement said of the latest expansion in the management and publications on business ethics and legitimacy to the accounting table. Second, supports to the theory that today have been made by accounting researchers have not yet been fully recognized. The scribe accepts as fact the theory of legitimacy does not offer a powerful means of understanding the voluntary disclosure of social and environmental responsibility, and that this understanding will serve as a vehicle for participation in the critical public debate. (Lindblom, 2000, pp. 572)

The difficulty for the theory of legitimacy to help our understanding of accounting information explicitly, and as a general theory is that the period has been used quite loosely in the case. This is not a difficulty of the theory itself, and the fact it could be the way to a variety of ideas in a variety of disciplines (see, for demonstration Caudillo (1997) on the misuse of the Theory of Evolution). Failure to identify, by far the theory has been recognized by (Lindblom, 2000, pp. 572), focus on the original), who found that "many researchers to use the period of legitimacy, but also characterize." (Hybels, 1995, pp241) states that "as businessmen [sic] of social research have groped to build complex theoretical organizations that protect their vocations and disciplines, legitimacy has been a man without seeing the hammer." This paper begins to address these issues.

Legitimacy Theory on BHP

This study examines whether an association specifically BHP Ltd (one of the largest public diversified Australia), reveals the social and environmental data, in response to certain social expectations, anticipations often change over time. The study examines the work attempted by Guthrie and Parker (1989) that reviews the annual accounts of BHP Ltd for 100 years to 1985 and has become a great event and much appreciated in terms of local social and environmental information. This study examines the duration and type of social and environmental activity by BHP Ltd over a period of 15 years from 1995-2010.

BHP Billiton also requires changes to the social and environmental disclosure in response to the concerns of society as an echo of the media monitoring publication. The association between the 588 items in a paper reporting period of 15 years, 49 different issues discussed. These issues were on the assessment tests to 892 annual reports on the study ...