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What does the legitimacy theory posit? Group of answer choices 1 . What is legal to do and how to behave for a firm 2

What does the legitimacy theory posit?
Group of answer choices
1. What is legal to do and how to behave for a firm
2. Sustainability reporting and environmental disclosures are made in response to political, economic and social pressure to legitimize the firms performance
3. Environmental disclosures are made in response to the stakeholder demand for environmental and social information
4. It explains the cognitive activity of human behavior

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