作者
David Hatherly, Ronald K Mitchell, J Robert Mitchell, Jae Hwan Lee
发表日期
2020/2
期刊
Business & Society
卷号
59
期号
2
页码范围
322-350
出版商
SAGE Publications
简介
In this article, we use ideas from stakeholder capital maintenance theory to address tensions in allocating firm profits between stockholders and other stakeholders. We utilize a mediative thought experiment to conceptualize how multiple stakeholder interests might better be served, such that genuine firm profits (from new value creation) versus artificial firm profits (from non-wealth-producing transfers) may be identified and incentivized. We thereby examine how such accounting transfers can be envisioned as stakeholder capital to be maintained for the benefit of both the firm and the economy. We present examples to illustrate the hypothetical model proposed and its implications.
引用总数
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