Financializing stakeholder claims

Andrew Crane, Cameron Graham, Darlene Himick

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

This paper examines the role of accounting in assigning financial values to stakeholder claims. Stakeholder theorists have called for metrics managers can use to coordinate stakeholder claims. We argue that accounting already serves as the dominant example of such a tool, and that its role in measuring and representing stakeholder claims, and how those representations are used by stakeholders and managers, is not well understood. We suggest that accounting financializes stakeholder claims along three inductively-developed dimensions, namely time, security, and priority. We analyse the case of pension accounting at General Electric to theorize concerning how these dimensions shape stakeholder claims and are used by stakeholders and managers to trade-off claims, demarcate claimants into groups, and reconstruct claims during negotiations.

LanguageEnglish
Pages878-906
Number of pages29
JournalJournal of management studies
Volume52
Issue number7
DOIs
StatusPublished - 1 Nov 2015

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Managers
Stakeholders

Keywords

  • Accounting
  • Financialization
  • General electric
  • Pensions
  • Stakeholders
  • Unions

Cite this

Financializing stakeholder claims. / Crane, Andrew; Graham, Cameron; Himick, Darlene.

In: Journal of management studies, Vol. 52, No. 7, 01.11.2015, p. 878-906.

Research output: Contribution to journalArticle

Crane, Andrew ; Graham, Cameron ; Himick, Darlene. / Financializing stakeholder claims. In: Journal of management studies. 2015 ; Vol. 52, No. 7. pp. 878-906.
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