Value Creation and Business Models: Refocusing the Intellectual Capital Debate
By V. Beattie, Sarah J. Smith. 2013
330 citations recorded by the source corpus.
There is currently significant debate worldwide regarding business reporting. The concept of the ‘business model’ has entered into the discourse, as has the concept of ‘integrated reporting’, adding to the established debate regarding accounting for intangible assets and, more generally, intellectual capital (IC). Despite the tradition of extensive interdisciplinary borrowing in accounting, relevant literatures on business models and on modern managerial perspectives on competitive advantage have, to date, largely been ignored within the accounting literature. The main contribution of this conceptual paper is to identify and discuss the key features of these literature strands and their linkage to contemporary debates on narrative reporting. These conceptual linkages between IC, value creation and business models are illustrated by means of interview evidence from eleven company cases. It is concluded that the business model concept offers a powerful overarching concept within which to refocus the IC debate. The concept is holistic, multi-level, boundary-spanning and dynamic. The analysis supports the current calls for integrated disclosure around the central business model story. Suggestions for future research are offered.
Subfields: Accounting, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/338918b1a984a971674e0ebfd58df50780bf425a
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- John Dumay
- G. Melloni
- James P. Guthrie
- R. Stacchezzini
- A. Lai
- Paola Demartini
- Cristiana Bernardi
- Mohammad Abdolmohammadi
In Strategy and Management
- G. Melloni
- John Dumay
- James P. Guthrie
- Cristiana Bernardi
- Paola Demartini
- R. Stacchezzini
- A. Lai
- Joanne Locke
Citations in the corpus
- The emergence of (2016, background): “(Interviewee G) The initiatives all proposed reducing the disclosure level and complexity to improve communication to users – reporting should tell a story (Beattie and Smith 2013).”
- Integrated reporting: A structured literature review (2016, background): “Compared with the other countries, the UK as a research site, and its authors, are rather silent ith only five articles (Beattie & Smith, 2013; Flower, 2015; Owen, 2013; Rowbottom & Locke, 2013; Thomson, 2015).”
- Intellectual capital disclosure in integrated reporting: an impression management analysis (2015, methodology): “Discussion and conclusions IR should provide a holistic view of corporate value creation process and it is expected to disclose how IC contributes to this process (Abhayawansa, 2013; Beattie and Smith, 2013; IIRC, 2013).”
- The tone of business model disclosure: an impression management analysis of the integrated reports (2015, background): “In spite of the lack of a single definition of the term BM (Magretta 2002), there is a widespread acceptance that it refers to the process of value creation (Greiner and Ang 2012; Beattie and Smith 2013; CIMA et al. 2013; EFRAG 2013).”