Question
In: Accounting
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?
Solutions
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:)
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