Stakeholdertheorysuggeststhatcompanies
produce externalitiesthataffectmanyparties(stakeholders)which
are bothinternalandexternaltothefirm.Externalitiesoftencause
stakeholders toincreasepressuresoncompaniestoreducenega-
tive impactsandincreasepositiveones.Variouscategorizations
have beenusedtogroupstakeholdersandincludedirectorindirect,
primary andsecondary,orbasedonmultipledimensionsof
legitimacy