It is possible that the nature and type of tension between the firm and its constituents, and hence the firm’s approach to
resolving those tensions, could differ from one set of firms to another. The Colombo Stock Exchange where these firms
are listed is relatively small by market capitalisation and relies heavily on foreign investors to maintain its liquidity,
to bridge the gap between investments and savings (CSE, 1997). Firms in a capital market that had greater liquidity
might approach resolving tensions between the firms and their constituents differently.