Show simple item record

dc.contributor.authorDowns, Alexis
dc.contributor.authorCarlon, Donna M.
dc.date.accessioned2016-06-13T13:43:36Z
dc.date.available2016-06-13T13:43:36Z
dc.date.issued2014-05
dc.identifier.citationAdministrative Sciences 2014, 4(2), 137-154en_US
dc.identifier.issn2076-3387
dc.identifier.urihttp://hdl.handle.net/123456789/803
dc.descriptiondoi:10.3390/admsci4020137en_US
dc.description.abstractAs firms are creating and recreating themselves as stakeholder corporations, tensions mount between a firm’s fiduciary duties to its shareholders and the broader responsibilities inherent in a stakeholder focus. Firms have employed several techniques to help resolve this tension with limited success. We suggest that the next step in reducing this tension is formally accounting for stakeholder value through changes in financial reporting. We contend that stakeholders have a financial value to the firm that can and should be accounted for through the firm’s financial reporting system. We propose a three-step process we call stakeholder valuing (SV) to begin a conversation regarding how such a method can be created. SV begins with codifying the firm’s identity as a stakeholder entity, moves to assessing stakeholder value that’s consistent with that identity, and concludes with accounting for and reporting that value. What we are suggesting will be seen by some as a radical change in accounting practices but we believe it is necessary as we move toward a consistent, reliable, verifiable, transparent, and comparable means of accounting for the true value of a stakeholder corporation.en_US
dc.language.isoenen_US
dc.publisherMDPI (Multidisciplinary Digital Publishing Institute)en_US
dc.subjectstakeholder theory;en_US
dc.subjectidentity constructionen_US
dc.subjectaccounting for stakeholder valueen_US
dc.subjectshareholder/stakeholder corporationen_US
dc.titleStakeholder Valuing: A Process for Identifying the Interrelationships between Firm and Stakeholder Attributesen_US
dc.typeArticleen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record