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Assessing Stakeholders’ Contribution to Enterprise Value: The Case of the Russian Banking Sector

Author

Listed:
  • Irina N. TKACHENKO

    (Ural State University of Economics)

  • Aleksandr A. ZLYGOSTEV

    (Ural Bank for Reconstruction and Development)

Abstract

The article looks at the problem of finding an adequate toolkit for assessing stakeholder value and the contribution of certain stakeholder groups to the increment of this value. The methodological basis of the study includes the stakeholder approach and the elements of the concept of corporate governance. The paper reviews the theoretical concepts of assessing stakeholders’ contribution and systematizes the approaches of foreign and Russian authors on the basis of application of monetary and non-monetary estimates. The authors find that there is the prevalence of integrated assessments that use quantitative and qualitative indicators in assessing stakeholder value. The article attempts not only to expand the understanding of the methodological basis for assessing stakeholder value, but also, on the basis of econometric approaches, to develop the practice of assessing stakeholder value in relation to the sphere of large players of the Russian banking sector. The authors examine the contribution of owners, i.e. the main financial stakeholders, and that of one of non-financial stakeholders’ groups, namely companies’ employees. The research results show that in the banking sector the owner exerts the greatest influence on value increment.

Suggested Citation

  • Irina N. TKACHENKO & Aleksandr A. ZLYGOSTEV, 2018. "Assessing Stakeholders’ Contribution to Enterprise Value: The Case of the Russian Banking Sector," Upravlenets, Ural State University of Economics, vol. 9(4), pages 40-52, August.
    • Handle: RePEc:url:upravl:v:9:y:2018:i:4:p:40-52
    DOI: 10.29141/2073-1019-2018-9-4-5
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    Citations

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    Cited by:

    1. Svetlana V. OREKHOVA & Larisa Sh. KUDIN & Aleksandra V. KUPERA, 2019. "CEO turnover and company performance: Sensitivity and empirical estimates," Upravlenets, Ural State University of Economics, vol. 10(4), pages 2-13, September.
    2. Irina N. Tkachenko & Irina V. Pervukhina & Aleksandr A. Zlygostev, 2020. "Modeling the contribution and benefits of company stakeholders," Upravlenets, Ural State University of Economics, vol. 11(2), pages 2-15, April.
    3. Irina N. Tkachenko, 2021. "Rethinking the stakeholder approach to corporate governance amid the coronavirus crisis: From commitment declaration to applied models," Upravlenets, Ural State University of Economics, vol. 12(2), pages 2-16, April.
    4. Alla V. VAVILINA & Lidiya N. LEVANOVA & Irina N. TKACHENKO, 2019. "Interrelation between dividend policy and corporate reputation in Russian companies," Upravlenets, Ural State University of Economics, vol. 10(4), pages 14-23, September.
    5. Marina V. Evseeva, 2020. "Comparative effectiveness of high-tech and medium-tech business models: Key indicators and value sustainability," Upravlenets, Ural State University of Economics, vol. 11(3), pages 59-71, July.

    More about this item

    Keywords

    CORPORATE GOVERNANCE FIRM VALUE STAKEHOLDER STAKEHOLDER VALUE ASSESSMENT METHOD;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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