Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/19287
Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Value Creation and Business Models: Refocusing the Intellectual Capital Debate
Authors: Beattie, Vivien
Smith, Sarah Jane
Contact Email: sarah.smith@stir.ac.uk
Keywords: Business model
Business reporting
Dynamic capabilities
Integrated reporting
Intellectual capital
Narrative reporting
Story
Value creation
Issue Date: Dec-2013
Publisher: Elsevier
Citation: Beattie V & Smith SJ (2013) Value Creation and Business Models: Refocusing the Intellectual Capital Debate, British Accounting Review, 45 (4), pp. 243-254.
Abstract: 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.
Type: Journal Article
URI: http://hdl.handle.net/1893/19287
DOI Link: http://dx.doi.org/10.1016/j.bar.2013.06.001
Rights: Published in British Accounting Review by Elsevier; Elsevier believes that individual authors should be able to distribute their accepted author manuscripts for their personal voluntary needs and interests, e.g. posting to their websites or their institution’s repository, e-mailing to colleagues. The Elsevier Policy is as follows: Authors retain the right to use the accepted author manuscript for personal use, internal institutional use and for permitted scholarly posting provided that these are not for purposes of commercial use or systematic distribution. An "accepted author manuscript" is the author’s version of the manuscript of an article that has been accepted for publication and which may include any author-incorporated changes suggested through the processes of submission processing, peer review, and editor-author communications.
Affiliation: University of Glasgow
Accounting and Finance

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