Legacy of an event is nothing but the long term benefit which may be derived from taking place of any event. For example, occurence of an event which has a positive impact on the company is called legacy of an event.
The decisions regarding to such events will be taken by such stakeholders who are investors of the company. And that too long term investors.
The effects of an event legacy can only be evaluated after a long time (5 years) from the date of its occurence. There will be a huge impact during the starting days and then there will be a decreasing trend.
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