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Financial Analytics: Science and Experience
 

Analysis of the relationship of the Corporation performance evaluation and the interests of stakeholders

Vol. 9, Iss. 28, JULY 2016

PDF  Article PDF Version

Received: 5 July 2016

Received in revised form: 13 July 2016

Accepted: 20 July 2016

Available online: 29 July 2016

Subject Heading: ASSESSMENT AND APPRAISAL ACTIVITIES

JEL Classification: B52, D02

Pages: 11-20

Voronin V.P. Voronezh State University of Engineering Technologies, Voronezh, Russian Federation
voronin41@rambler.ru

Panina I.V. Voronezh State University, Voronezh, Russian Federation
panina@econ.vsu.ru

Importance The article deals with the specific theoretical aspects of evaluating the performance of the Corporation, namely the analysis of the relationships between the efficiency assessment and stakeholders' interests.
Objectives The paper aims to give a specified description of the content of Corporation performance assessment on the basis of a stakeholder organization model and the concept of sustainable development.
Methods To obtain the results, we used methods of analysis and synthesis, analogy, systems and comprehensive approaches, generalization and particularization, classification and interpretation.
Results We show the role of stakeholders' interests in the evaluation of Corporation performance, and refine the entities associated. We present a model of Corporation interaction with its environment, illustrate the relationship of this model with the idea of sustainable development, and give a basic classification of efficiency that meets the essence of the idea.
Conclusions The Corporation's performance is measured by comparing the target effects on the environment of the Corporation with the resources to achieve them. In the context of sustainable development, it is necessary to assess the economic, ecological, and social performance of the Corporation.

Keywords: efficiency, effect, resources, stakeholders, sustainable development

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