ACCT10001 Lecture Notes - Lecture 11: Investor Relations, Reputation Management, Isomorphism

• School: University of Melbourne
• Department: Accounting
• Course: ACCT10001
• Professor: All

Document Summary

Stakeholder theory, organisations conduct and stakeholder groups, overlaps with legitimacy theory, relative power / position of stakeholders important, ethical and moral dimensions. Institutional theory: broad focus, explaining the setup and function of organisations. Insights into organisational similarity: complex forces at work. Isomorphism: a useful lens for understanding organisational activities, empirical evidence, adoption of gaap, studying organisational decision making. Information economics: signal a voluntary action of a firm, sig(cid:374)al is a(cid:374) i(cid:374)di(cid:272)ato(cid:396) of diffe(cid:396)e(cid:374)tial (cid:858)(cid:395)uality(cid:859, costly & ha(cid:396)d to (cid:858)fake(cid:859, costly to produce & assurance sustainability information, rationally, marginal benefit must exceed marginal cost. Incentives for sustainability: a number of incentives are commonly identified as motivating sustainability practices, employee recruitment, motivation and retention, learning an dinnovation, reputation management, risk management and risk profile, competitiveness and market positioning, operational efficiency. Investor relations, access to capital: these fa(cid:272)to(cid:396)s assist the (cid:858)(cid:271)usi(cid:374)ess (cid:272)ase(cid:859) fo(cid:396) (cid:271)eha(cid:448)iou(cid:396) a(cid:374)d (cid:271)ette(cid:396) (cid:396)epo(cid:396)ti(cid:374)g.