... of funding and resources posed a significant challenge. Environmental sustainability was considered as both a risk and an opportunity. Compliance with legislation was the utmost priority of the local councils. Research limitations/implications The results suggest that stakeholders with power received...

...] . New Zealand Legislation Disclosure Managerial disclosure Informational efficiency Continuous disclosure Prior research on disclosure has suggested a variety of incentives that motivate managers to release or retain information. These incentives include reducing information asymmetry costs...