Critical Review Introduction <Summary> <Research problem> <motivation> <Importance of the outcomes> <theory underpins legitimacy theory/ literature

e that it depends on?> <research method justification> <sample?> <credibility?> <Results analysis> <Conclusion consistent with finding?> Gozali, N. O., How, J. C., & Verhoeven, P. (2002). The economic consequences of voluntary environmental information disclosure. The International Environmental Modelling and Software Society, Lugano, Switzerland, 2, 484-489. Hasseldine, J., Salama, A. I., & Toms, J. S. (2005). Quantity versus quality: the impact of environmental disclosures on the reputations of UK Plcs. The British Accounting Review, 37(2), 231-248. Campbell, D., & Slack, R. (2008). Narrative reporting: analysts' perceptions of its value and relevance. Thomson, I., & Bebbington, J. (2005). Social and environmental reporting in the UK: a pedagogic evaluation. Critical Perspectives on Accounting, 16(5), 507-533. Cormier, D., & Magnan, M. (2007). The revisited contribution of environmental reporting to investors' valuation of a firm's earnings: An international perspective. Ecological economics, 62(3), 613-626.
Moneva, J. M., & Ortas, E. (2010). Corporate environmental and financial performance: a multivariate approach. Industrial Management & Data Systems,110(2), 193-210.

Vanessa Magness, (2006) Strategic posture, financial performance and environmental disclosure: An empirical test of legitimacy theory, Accounting, Auditing & Accountability Journal, Vol. 19(4), pp.540 563

Purpose The objective of this paper is to test Ullmann's hypothesis that strategy posture, modified by financial performance, must be considered in light of stakeholder power in order to understand a company's social responsibility disclosure policy. Design/methodology/approach This study in this paper uses regression analysis to examine annual report disclosure of environmental information after a major accident in the mining industry. A multiple-item disclosure score is tailored to the Canadian accounting environment, and used as a dependent variable. Findings This paper finds that companies that maintain themselves in the public eye through press release activity disclose more information than other companies. However there is no evidence to suggest that disclosure content is moderated by financial performance. Companies that obtained external financing one year after the accident made more disclosure than other companies. The significance of the external financing variable is evident when disclosure is restricted to discretionary or non-financial items, but disappears if the dependent variable represents mandatory financial items. Research limitations/implications The paper shoes that while Ullmann addressed the matter of actual social responsibility performance, in addition to disclosure, this paper does not examine performance. Furthermore, press release activity is only one type of strategic posture. Future work that employs some other measure may yield additional insight into the decision-making process. Originality/value Prior study of Ullmann's work has not considered the interactive impact of profit and strategic posture. Furthermore, the actual nature of the disclosure, voluntary versus mandatory, has not been specifically examined. This paper addresses both of these issues.