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dc.contributor.authorHaslam, Colin
dc.contributor.authorTsitsianis, Nicholas
dc.contributor.authorAndersson, Tord
dc.contributor.authorGleadle, Pauline
dc.identifier.citationHaslam , C , Tsitsianis , N , Andersson , T & Gleadle , P 2015 , ' Accounting for business models : Increasing the visability of stakeholders ' , Journal of Business Models , vol. 3 , no. 1 , pp. 62-80 .
dc.identifier.otherPURE: 9515853
dc.identifier.otherPURE UUID: 632f4cc3-8ba1-4571-a043-5e795f498472
dc.description.abstractThis 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. 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. This paper 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. 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 firms financials not simply reporting financial information to ‘investors’.en
dc.relation.ispartofJournal of Business Models
dc.titleAccounting for business models : Increasing the visability of stakeholdersen
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.description.statusPeer reviewed
rioxxterms.typeJournal Article/Review

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