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As firms are creating and recreating themselves as stakeholder corporations, tensions mount between a firm's fiduciary duties to its shareholders and the broader responsibilities inherent in a stakeholder focus. Firms have employed several techniques to help resolve this tension with limited success. We suggest that the next step in reducing this tension is formally accounting for stakeholder value through changes in financial reporting. We contend that stakeholders have a financial value todoi:10.3390/admsci4020137 fatcat:sg3rwipk7zh2jipg3zux5ybopq