Figure 7
The vertical axis ranges from 0 to 40 in increments of 5 units. The horizontal axis represents “Theories,” and the markings from top to bottom are as follows: “upper echelon theory,” “Tokenism theory,” “Theory of transformation,” “Theory of Ownership,” “Theory of environmental ethics ecocentrism,” “the theory of change,” “The credit risk theory,” “The Cobb Douglas Production Theory,” “the bottom-up theory,” “Social identity theory,” “public interest theory,” “Political economy theory,” “organizational architecture,” “Liability of Foreignness theory,” “Laissez-Faire Economic Theory,” “homo-social reproduction theory,” “Critical mass theory,” “Congruity theory,” “Institutional theory,” “Stewardship theory,” “Stakeholder theory,” “Resource dependence theory,” and “Agency theory.” The data from the bars are listed below: upper echelon theory: 1. Tokenism theory: 1. Theory of transformation: 1. Theory of Ownership: 1. Theory of environmental ethics ecocentrism: 1. the theory of change: 1. The credit risk theory: 1. The Cobb Douglas Production Theory: 1. the bottom-up theory: 1. Social identity theory: 1. public interest theory: 1. Political economy theory: 1. organizational architecture: 1. Liability of Foreignness theory: 1. Laissez-Faire Economic Theory: 1. homo-social reproduction theory: 1. Critical mass theory: 1. Congruity theory: 1. Institutional theory: 3. Stewardship theory: 5. Stakeholder theory: 10. Resource dependence theory: 14. Agency theory: 37. Note: All numerical data values are approximated.Theories utilized in the existing literature. Source: Figure by the authors