1. Applying one of those theories (be specific about which you are applying), 1. Public Interest Theory 2. Interest Group Theory. Discuss why regulators in India might choose to require an additional sustainability report for public companies in that country. This report would disclose metrics related to environmental, social, and governance practices of the companies.

Now apply concepts from the second theory of regulation (whichever one you did not use in part [a]) and explain why self-constructed intangible assets are not capitalized by firms.