dc.contributor.author | HASLAM, CJ | en_US |
dc.contributor.author | Tsitsianis, N | en_US |
dc.contributor.author | Andersson, T | en_US |
dc.contributor.author | Gleadle, P | en_US |
dc.date.accessioned | 2018-02-02T15:35:21Z | |
dc.date.issued | 2015-02-10 | en_US |
dc.date.submitted | 2018-01-16T10:53:10.164Z | |
dc.identifier.uri | http://qmro.qmul.ac.uk/xmlui/handle/123456789/31987 | |
dc.description.abstract | Purpose: This paper conceptualises a firm’s business model employing stakeholder theory as a central organising element to help inform the purpose and objective(s) of business model financial reporting and disclosure. Framework: Firms interact with a complex network of primary and secondary stakeholders to secure the value proposition of a firm’s business model. This value proposition is itself a complex amalgam of value creating, value capturing and value manipulating arrangements with stakeholders. From a financial accounting perspective the purpose of the value proposition for a firm’s business model is to sustain liquidity and solvency as a going concern. Findings: This article argues that stakeholder relations impact upon the financial viability of a firm’s business model value proposition. However current financial reporting by function of expenses and the central organising objectives of the accounting conceptual framework conceal firm-stakeholder relations and their impact on reported financials. Practical implications: The practical implication of our paper is that ‘Business Model’ financial reporting would require a reorientation in the accounting conceptual framework that defines the objectives and purpose of financial reporting. This reorientation would involve reporting about stakeholder relations and their impact on a firms financials not simply reporting financial information to ‘investors’. | en_US |
dc.format.extent | 62 - 80 (18) | en_US |
dc.language.iso | en | en_US |
dc.relation.ispartof | Journal of Business Models | en_US |
dc.rights | CC-BY-NC-ND | |
dc.title | Accounting for Business Models: Increasing the Visibility of Stakeholders | en_US |
dc.type | Article | |
dc.rights.holder | (c) The Author(s) 2015 | |
dc.identifier.doi | 10.5278/ojs.jbm.v3i1.1066 | en_US |
pubs.issue | 1 | en_US |
pubs.notes | Not known | en_US |
pubs.publisher-url | http://journals.aau.dk/index.php/JOBM/article/view/1066/811 | en_US |
pubs.volume | 3 | en_US |