So far, there has been a bureaucracy reform and implementation of new regulations for good governance capital markets.However, policy violations are still frequent.For example, cases of violation of financial regulations leading to fraudulent financial reporting occurred in several companies listed on the Indonesia Stock Exchange.This study aims to examine the empirical facts related to What can Analysis of the Organizations’ Web Sites tell us about AI? Comparative Study of the Online Resources operated at Google, Yandex, and Baidu the legitimacy theory with-in the scope of violation of financial regulation, financial performance and social responsibility disclosure of non-financial companies in Indonesia Stock Exchange.The data were obtained from the Indonesia Stock Exchange.
There were 24 non-financial violator-companies of financial regulation chosen as the sample.These data, in relation to the research hypotheses, were analyzed by using a path analysis test.The result showed there were no significant effect of the violations of Uniqueness of Ethiopian traditional alcoholic beverage of plant origin, tella financial regulations on financial performance and the level of corporate social responsibility disclosure.Therefore, this study confirms legitimacy theory in different forms.