RRBM Honor Roll
The RRBM Honor Roll publications have been selected as examples of research that is both rigorous and relevant. The listing below offers credible insights for society.
These publications have been selected for the RRBM Honor Roll by the Selection Board with the exception of 2019 articles selected by a pre-test review panel.
| Nature of the publication | Journal article |
|---|---|
| Title of the publication | Reimagining profits and stakeholder capital to address tensions among stakeholders |
| Journal name/Book publisher | Business & Society |
| DOI | doi.org |
| Abstract | In this article, we use ideas from stakeholder capital maintenance theory to address tensions in allocating firm profits between stockholders and other stakeholders. We utilize a mediative thought experiment to conceptualize how multiple stakeholder interests might better be served, such that genuine firm profits (from new value creation) versus artificial firm profits (from non-wealth-producing transfers) may be identified and incentivized. We thereby examine how such accounting transfers can be envisioned as stakeholder capital to be maintained for the benefit of both the firm and the economy. We present examples to illustrate the hypothetical model proposed and its implications. |
| Author #1 | David Hatherly |
| Affiliation Author #1 | University of Edinburgh |
| Author #2 | Ronald Mitchell |
| Affiliation Author #2 | Texas Tech University |
| Author #3 | J. Robert Mitchell |
| Affiliation Author #3 | Colorado State University |
| Author #4 | Jae Lee |
| Affiliation Author #4 | Hamline University |