An expanded accounting framework for sustainable growth: Focus on the relationship between a focal firm and its stakeholders
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | An expanded accounting framework for sustainable growth: Focus on the relationship between a focal firm and its stakeholders | |
| Creator | Yoo, Taeyoung Nam, Giseok | |
| Description | In contrast to current accounting principles, which have focused on financial information about the reporting entity, this study suggests that attention should be paid to the information about relationships between a focal firm and its stakeholders. That is, we could more accurately assess the sustainability of a firms profit and growth by considering both its financial outcomes and business relationships. The rationale of the suggestion is that firms which facilitate mutual profitability between themselves and their stakeholders are more likely to achieve cooperative relationships and consequently enjoy better financial performance and sustainable growth than those who pursue their profitability in an exclusive way. This study therefore suggests that principles of accounting should embrace not only the incomes of a firm and its consolidations (subsidiaries, associates and joint arrangements) but also those of its stakeholders, such as suppliers. | |
| Publisher | AOSIS Publishing | |
| Date | 2015-08-25 | |
| Identifier | 10.4102/sajems.v18i3.632 | |
| Source | South African Journal of Economic and Management Sciences; Vol 18, No 3 (2015); 366-379 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/632/564
https://sajems.org/index.php/sajems/article/downloadSuppFile/632/369
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