Volume 7, Issue 3, May 2019, Page: 50-55
The Relation Between Capital and Labor as a Basis for the Distribution of the Added Value
Zivko Bergant, College for Accounting and Finance, Ljubljana, Slovenia
Received: Mar. 26, 2019;       Accepted: Apr. 29, 2019;       Published: Aug. 29, 2019
DOI: 10.11648/j.ijsts.20190703.12      View  385      Downloads  89
The author discusses the basis of distributing the added value in the view of social responsibility. He finds the distribution of added value as a crucial challenge in following the principles of social responsibility. The study shows the considering of intellectual capital as a prerequisite for the distribution of the surplus added value according the social responsibility of the company. The findings significantly change and improve the understanding of social responsibility in the area of distribution and the structure of the added value in the company. The basic expression of social responsibility is the contribution to the welfare of the whole society. This contribution should be understand in its broadest sense. The main starting point for distribution of added value is stakeholders' contribution to managing the business risk. The author developed a new category surplus value added by subtraction of minimal wages and opportunity cost of equity. On this basis the author proposes a new statement of surplus added value, compared with actual accounting profit and loss statement. Statement of surplus added value should become the basis expression of social responsibility of the company and its orientation to sustainable development.
Social Responsibility, Added Value Law, Distribution of Added Value, Value Added Statement, Stakeholders
To cite this article
Zivko Bergant, The Relation Between Capital and Labor as a Basis for the Distribution of the Added Value, International Journal of Science, Technology and Society. Vol. 7, No. 3, 2019, pp. 50-55. doi: 10.11648/j.ijsts.20190703.12
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Piketty, T. (2014). Capital in the Twenty-First Century. USA: The Fellows of Harvard College.
Bajo, C. S., Roelants B. (2011). Capital and the Debt Trap. Basingstoke: Palgrave Macmillan.
Brennan, L. (2019). Corporations must rethink capitalism to heal society's wounds. Financial Times, 28. January 2019.
Tlhaby, P. (2014). Discovery Ltd.: Integrated Annual Report 2014. (Retrieved: January, 2016). https://www.discovery.co.za/discovery_coza/web/linked_content/pdfs/investor_relations/discovery_annual_integrated_report_2014.pdf.
Dolinar, A., Božič, J. (2014). A short history of value theory. Razpotja, No. 17/2014, pp. 7−10. (Retrieved: December, 2016). (In Slovene). https://www.dlib.si/details/URN:NBN:SI:DOC-ZTG2HV27/?euapi=1&query=%27keywords%3ddolinar+an%c5%bee%27&pageSize=25.
Bergant, Ž. (2017). Appropriate consideration of value added law as a precondition of social responsibility. International conference about social responsibility. Maribor: IRDO, 28. 11. 2017. http://www.irdo.si/irdo2017/referati/plenarna-bergant.pdf. (Retrieved: January, 2019).
Stiglitz, E., Joseph, Fitoussi, Jean-Paul, Durand, M. (2018b). For Good Measure: Advancing Research on Well-Being Metrics Beyond GDP. Pariz: OECD Publishing. (Retrieved: December, 2018). http://www.oecd.org/publications/for-good-measure-9789264307278-en.htm.
Mook, L. I. (2007). The Expanded Value Added Statement. Doctoral dissertation. University of Toronto. (Retrieved: January, 2016). http://home.oise.utoronto.ca/~lschugurensky/Mook_Thesis.pdf.
Mazzucato, M. (2013). The Entrepreneurial State. USA: Public affairs.
Milost, F. (2012). Računovodsko obravnavanje nevidnih poslovnih prvin organizacije. Zbornik 2. konference o notranjem poročanju. (In Slovene). Ljubljana: Inštitut za poslovodno računovodstvo.
Joia, L. A. (2000). Measuring intangible corporate assets. Journal of Intellectual Capital No. 1/2000, pp. 68−84. (Retrieved: December, 2016). http://app.ebape.fgv.br/comum/arq/JIC.pdf.
Suojanen, W. W. (1954). Accounting theory and the large corporation. The Accounting Review, July, 1954, pp. 618−629.
Machado, A. V., Márcio, Macedo, M. A., da Silva, Machado, R., Márcia (2016). Analysis of the Relevance of Information. Content of the Value Added statement in the Brazilian Capital Markets. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2601211. (Retrieved: October, 2016).
Donleavy, D., G. (2015). Usefulness unfulfilled: a performance review of value added statements. International Journal of Critical Accounting. No. 4/2015, pp. 315−334.
Browse journals by subject