What are some of the motivations that might drive corporate managers to voluntarily disclose social and...

What are some of the motivations that might drive corporate managers to voluntarily disclose social and environmental performance information?

Expert Solution

Guidance on writing answer:

Some of the motivations that drive corporate managers to voluntarily disclose social and environmental information are:

Improve Brand Image: Voluntarily disclosing social and environmental performance information helps improve the image of the company in society and to other stakeholders. This creates value for the company in long run.

Gain customer loyalty: By disclosing social and environmental information company can gain customer loyalty which will help company grow in future.

Increase market share and improve product recognition: With disclosures company impacts recognition of product and thus results in expansion of market share.

Recognition by peers in the industry: Company gets recognition from peers by disclosing social and environmental performance information.

Gain loyalty from employees: This will motivate employees to work harder for the company and stay loyal.

Hope this helps:)

ekkarill92 answered 2 years ago

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