Reimagining Profits and Stakeholder Capital to Address Tensions Among Stakeholders
利用利益相关者资本维护理论，通过思想实验区分真实利润与人为利润，提出将会计转移视为利益相关者资本，以平衡股东与其他利益相关者的利益。
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.