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Modeling the contribution and benefits of company stakeholders

Author

Listed:
  • Irina N. Tkachenko

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Irina V. Pervukhina

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Aleksandr A. Zlygostev

    (Ural State University of Economics, Ekaterinburg, Russia)

Abstract

The article reviews the theory and methodology and searches for relevant tools for modeling stakeholder contribution and benefits. The methodological framework comprises the stakeholder approach, the concept of sustainable growth and shared values. The study presents two econometric models of stakeholder value contribution and a mathematical model of stakeholder benefits. The models are built on panel data of several Russian banks. The authors look upon banks as constituents of the financial infrastructure essential for the existence of integrated business structures. Our findings show that the most appropriate proxy indicator for modeling monetary stakeholder value is sales revenue. We conclude that, for practical use, it is necessary to explore the relationships between different models and possible ways of their integration and develop a methodology for their evaluation and comparison. Further research should be related to the choice of factors affecting the model, the validity of the choice, the analysis of the regression model in order to infer the stakeholder contribution. To achieve technological breakthroughs, it is important to study value assessment procedures for stakeholders in the conditions of innovative and technological transformation of new forms of business organization, including network-based models, smart industries and ecosystems.

Suggested Citation

  • Irina N. Tkachenko & Irina V. Pervukhina & Aleksandr A. Zlygostev, 2020. "Modeling the contribution and benefits of company stakeholders," Upravlenets, Ural State University of Economics, vol. 11(2), pages 2-15, April.
    • Handle: RePEc:url:upravl:v:11:y:2020:i:2:p:2-15
    DOI: 10.29141/2218-5003-2019-11-2-1
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    References listed on IDEAS

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    1. Donna M. Carlon & Alexis Downs, 2014. "Stakeholder Valuing: A Process for Identifying the Interrelationships between Firm and Stakeholder Attributes," Administrative Sciences, MDPI, vol. 4(2), pages 1-18, May.
    2. Dreyer, Betine & Lüdeke-Freund, Florian & Hamann, Ralph & Faccer, Kristy, 2017. "Upsides and downsides of the sharing economy: Collaborative consumption business models' stakeholder value impacts and their relationship to context," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 87-104.
    3. Efimova Olga & Samohina Veronica, 2014. "Stakeholder approach to identification and analysis of value creation drivers," Review of Business and Economics Studies, CyberLeninka;Федеральное государственное образовательное бюджетное учреждение высшего профессионального образования «Финансовый университет при Правительстве Российской Федерации» (Финансовый университет), issue 4, pages 62-70.
    4. Irina N. TKACHENKO & Aleksandr A. ZLYGOSTEV, 2018. "Assessing Stakeholders’ Contribution to Enterprise Value: The Case of the Russian Banking Sector," Upravlenets, Ural State University of Economics, vol. 9(4), pages 40-52, August.
    5. Josefina Fernández-Guadaño & Jesús H. Sarria-Pedroza, 2018. "Impact of Corporate Social Responsibility on Value Creation from a Stakeholder Perspective," Sustainability, MDPI, vol. 10(6), pages 1-10, June.
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    Cited by:

    1. Irina N. Tkachenko & Aleksandr A. Zlygostev, 2022. "Stakeholder risk research tools in the light of companies’ sustainable development," Journal of New Economy, Ural State University of Economics, vol. 23(1), pages 109-130, April.
    2. Lyudmila A. Ramenskaya, 2021. "Interaction between digital platforms and key stakeholders: A content analysis," Upravlenets, Ural State University of Economics, vol. 12(5), pages 96-106, November.
    3. Erlin Trisyulianti & Budhi Prihartono & Made Andriani & Kadarsah Suryadi, 2023. "A conceptual framework for a value‐based sustainability balanced scorecard," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(3), pages 1536-1552, June.

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    More about this item

    Keywords

    corporate governance; stakeholder approach; stakeholder value; econometric modeling; stakeholder contribution; stakeholder benefits; stakeholder relations.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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