| Issue |
SHS Web of Conf.
Volume 89, 2020
Conf-Corp 2020 – International Scientific-Practical Conference “Transformation of Corporate Governance Models under the New Economic Reality”
|
|
|---|---|---|
| Article Number | 02004 | |
| Number of page(s) | 6 | |
| Section | Modernization of the Stakeholder Approach in the Development of Corporate Governance Models, Understanding of the Interests of Stakeholders and Evaluation of their Contribution to the Formation of the Value and Social Capital of the Business | |
| DOI | https://doi.org/10.1051/shsconf/20208902004 | |
| Published online | 23 December 2020 | |
Modeling the stakeholder value and stakeholder risks
Ural State University of Economics, 8 March str., 62, 620144 Ekaterinburg, Russia
* Corresponding author: letrus.alex@gmail.com
The aim of the paper is to expand understanding of stakeholder value and consider possibilities of its assessing for minimizing stakeholder risks. The study makes contributions to achieving a balance between interests of stakeholders and implementation of sustainable business development principles. The paper introduces a practical toolkit for modeling stakeholder value and stakeholder risks. New methods, developed by the authors to model and analyze stakeholder value and risks, determine the novelty of the study. The paper provides the results of new methodology validation performed with the use of mathematical and econometric methods applied to open source data. Models of contributions and benefits of stakeholders are examined, levels of the “gap” between contributions and benefits by groups of stakeholders are outlined, the map of “stakeholder risks” is presented. The analysis of the results allows to make conclusions and provide recommendations on establishing balanced relationships with stakeholders and minimizing stakeholder risks in order to harmonize interests for sustainable business development.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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