Workshop 5 Questions,answer question ,at least 50 words per question

3101AFE S2 2016: Workshop 5 Questions Please prepare answers to the following questions. 1. What is externality? How is externality related to CSR? 2. What is a social contract? Explain social contract in the context of Legitimacy Theory. 3. Compare and contrast between Legitimacy theory and Stakeholder theory. 4. How can a business entity minimise the risk of breaching its social contract? 5. What measures a business entity can take after it is found to have breached its social contract? 6. Explain Institutional theory and the various processes of isomorphism. 7. How is CSR reporting potentially related to firm performance? 3101AFE S2 2016 Week 6 Workshop Questions 1. Why did positive accounting theory evolve? Discuss the role of Ball and Brown (1968) in the evolution of positive accounting theory. 2. What is agency cost? What are the different types of agency costs? Discuss with examples. 3. Explain the bonus plan hypothesis with research evidence. 4. Explain the debt hypothesis with research evidence. 5. Explain the political cost hypothesis with research evidence