In this article I discuss output legitimacy as a category of normative analysis of international organizations (IOs). I … first take issue with the widespread view that output legitimacy is just a synonym for organizational effectiveness or … efficiency, and unrelated to democracy. Against this view, I argue that output legitimacy has an important democratic dimension …

focuses on various firm-external social constructions: legitimacy, reputation, and status, and how they impact the emergence …

observed are shown to be explained by legitimacy theory and resources-based perspectives. This theoretical framework has not … Third Pillar disclosure requirements of the Basel II Accord. Findings – Stakeholder monitoring and corporation reputation … legitimacy for two major reasons: first, by fulfilling institutional pressures to assure the effectiveness of market discipline …