“…While this is a reasonable assumption, this logic might be confounded in decisions that are unrelated to competitive, strategic factors, such as legitimacy-seeking motives (Bansal & Clelland, 2004; Suddaby, Bitektine, & Haack, 2017). Given their need to maintain their license to operate, companies need to devote significant efforts and resources to a variety of sustainability-related initiatives to demonstrate the legitimacy of their corresponding behavior (Bettinazzi, Jacqueminet, Neumann, & Snoeren, 2018). Companies, which are in a favorable economic situation, are also in a better position to maximize their sustainability legitimacy in the eyes of their stakeholders.…”