Putting Sustainability and Corporate Responsibility at the Center of Capitalism through Better Valuation of Stakeholder Concerns

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Author(s): Stephen B. Young (The Caux Round Table, USA)
Copyright: 2015
Pages: 15
Source title: Empowering Organizations through Corporate Social Responsibility
Source Author(s)/Editor(s): Ruth Wolf (Bar Ilan University, Israel), Theodora Issa (Curtin University, Australia)and Monica Thiel (Tilburg University, The Netherlands)
DOI: 10.4018/978-1-4666-7294-9.ch008

Keywords: Business and Organizational Research / Business Science Reference / Ethics & Law / Security & Forensics

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Abstract

The chapter offers a new theoretical approach for the integration of stakeholder concerns into the financial management of for-profit, free market enterprises. The chapter postulates that CSR stakeholder categories are intangible assets of every firm, small or large. As such assets, CSR stakeholders contribute to the current capital valuation of the firm. If their asset quality increases, so does the value of the firm. Conversely, if their asset quality decreases and becomes more of a liability, the value of the firm decreases proportionally. Under this approach, re-conceptualized balance sheets must become a more important tool for business owners and managers to use to enhance the relevance and the quality of their CSR efforts.

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Putting Sustainability and Corporate Responsibility at the Center of Capitalism through Better Valuation of Stakeholder Concerns

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