Table 4

Theoretical perspectives used in studies focusing studies on EP and FP relationship

SrTheoriesDeveloped Economies%Developing Economies%Total%
1Legitimacy theory7417.45%7417.45%14834.90%
2Stakeholder theory4610.85%194.48%6515.33%
        
3Legitimacy and92.12%388.96%4711.08%
4stakeholder theory
Agency, legitimacy
174.00%174.00%348.02%
 and stakeholder theory      
5VDT theories174.00%81.89%255.89%
6Agency theory81.89%81.89%163.77%
7Signaling theory81.89%81.89%163.77%
8Institutional theory00.00%174.00%174.00%
9Resource-based view00.00%81.89%81.89%
 theory      
10Not applied174.00%174.00%348.02%
 Total19646.23%21450.47%424100.00%

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