.... Given that overstatement of ECE seems to be a common practice within these industries, we use an experimental design to examine whether two factors—an overstatement industry norm and/or a legitimacy threat—impact the likelihood of managers making higher ECE projections. Our results show participants...

... that companies use social and environmental disclosure as a tool to reduce their exposure to social and political pressures (the legitimacy argument), we also examine whether differences in the extent of impression management are associated with differences in social and environmental performance. Based...