“…CESD research has significantly increased over the last two decades with most of this relying largely on a single theoretical perspective, such as legitimacy, agency, stakeholder, resource dependence, institutional or impression management theories (Alrazi et al ; Chen and Roberts, ; Deegan et al , ; Cooper and Slack ; Mallin and Michelon, ; Shaukat et al , ), which limits our understanding of CESD practices (Gray et al , ; Haque et al , ). In contrast, this paper adopts a multi‐theoretical perspective (i.e.…”