Subject. This article deals with the issue of aligning the company's reported final financial outcomes with the interests of the stakeholders. Objectives. The article aims to present an interpretation of net profit or loss as a means of reflecting the motives of all stakeholders. Methods. For the study, I used econometric modeling and comparative analysis. Results. The article proposes a business performance metric that aligns with stakeholder theory and provides empirical evidence for it.
Keywords: free cash flow, weighed average capital cost, WACC, stakeholders, economic value added
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