Which of the Following Theories Have Been Used to Explain

question 7

Multiple Choice

Which of the following theories have been used to explain voluntary disclosure in the annual report?

• A) Stakeholder Theory
• B) Legitimacy Theory
• C) Institutional Theory
• D) All of the above

---

Definitions:

Virtual Representative

A digital or animated human-like figure used to guide, assist, or represent a company or brand in online environments.

Symbolic Fantasy

The use of imagery and fantasy to create symbolic meanings, often used in marketing to help consumers associate products with personal aspirations or dreams.

Subliminal Fantasy

The concept of unconscious desires or aspirations that influence behavior without an individual's explicit awareness.

Self-Image Congruence Models

Theoretical frameworks suggesting consumers prefer products or brands that closely match their personal image or identity.