Stakeholder Inclusion and Accounting for Stakeholders
Ronald K. Mitchell,
Harry J. Van Buren,
Michelle Greenwood and
R. Edward Freeman
Journal of Management Studies, 2015, vol. 52, issue 7, 851-877
type="main"> Stakeholder inclusion in organizational decision-making, and the resulting issue of value creation, is one of the thorny problems that stakeholder theory has sought to address. Yet progress has been slow, we suggest, because present accounting theory and practice does not address the decision-making needs of all stakeholders who are at risk due to the activities of organizations. In this paper we develop a transdisciplinary theory of value-creation stakeholder accounting (VCSA) based on stakeholder risk-sharing as a superior rationale for stakeholder inclusion. We introduce value-creation stakeholder partnerships (VCSPs) as a promising mechanism for the implementation of VCSA. VCSA is derived from a fusion of accounting, value-creation/entrepreneurship, and stakeholder theory, and the VCSP mechanism emerges from distinguishing proprietary-convention (partnership) from entity-convention (corporate) accounting. Using this framing we summarize and situate the articles in this Special Issue on Stakeholder Accounting.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:jomstd:v:52:y:2015:i:7:p:851-877
Ordering information: This journal article can be ordered from
http://www.blackwell ... s.asp?ref=00022-2380
Access Statistics for this article
Journal of Management Studies is currently edited by Timothy Clark, Steven W. Floyd and Mike Wright
More articles in Journal of Management Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().