How do organisations generate and distribute value?Stakeholder value as the aim of the new business narrative [NBN] and stakeholder accounting [sa] as an information tool

  1. JJosé Luis Retolaza Ávalos
  2. Leire San-Jose
  3. Freeman, R. Edward
Revue:
Boletín de estudios económicos

ISSN: 0006-6249

Année de publication: 2021

Titre de la publication: Aplicando el valor social en las organizaciones

Volumen: 76

Número: 232

Pages: 37-50

Type: Article

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D'autres publications dans: Boletín de estudios económicos

Résumé

Many different companies have decisively embraced the New Business Narrative focused on the Stakeholder Theory and it has been part of the ethos of leading companies worldwide for some time now. However, a systematic process has not been developed to identify an organisation’s withdrawn or distributed value for its different stakeholders in monetary terms. Accounting is inadequate for this purpose and the current information system therefore needs to be expanded. This article reflects on Stakeholder Accounting [SA]. Based on the multi-faceted model, it proposes broadening the value concept to also include price-based transactions, transfers performed in a non-market environment (and without consideration), and emotional ones. Moreover, it proposes expanding from a one-dimensional perspective, focused on shareholders, to a multi-dimensional including all the stakeholders of the organisation. The rest of the article reflects on the multiple experiences generated over the last ten years, along with the applicability, the potential and the implications of this accounting both for organisations and for their stakeholders

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