Financializing Stakeholder Claims

29 Pages Posted: 5 Oct 2015

See all articles by Andrew Crane

Andrew Crane

University of Bath - School of Management

Cameron Graham

York University - Schulich School of Business

Darlene Himick

University of Ottawa

Date Written: November 2015

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.

Keywords: accounting, financialization, general electric, pensions, stakeholders, unions

Suggested Citation

Crane, Andrew and Graham, Cameron and Himick, Darlene, Financializing Stakeholder Claims (November 2015). Journal of Management Studies, Vol. 52, Issue 7, pp. 878-906, 2015. Available at SSRN: https://ssrn.com/abstract=2668866 or http://dx.doi.org/10.1111/joms.12147

Andrew Crane (Contact Author)

University of Bath - School of Management ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

HOME PAGE: http://www.bath.ac.uk/management/faculty/andrew-crane.html

Cameron Graham

York University - Schulich School of Business ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

Darlene Himick

University of Ottawa

2292 Edwin Crescent
Ottawa, Ontario K2C 1H7
Canada

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