Modeling the stakeholder value and stakeholder risks

The aim of the paper is to expand understanding of stakeholder value and consider possibilities of its assessing for minimizing stakeholder risks. The study makes contributions to achieving a balance between interests of stakeholders and implementation of sustainable business development principles. The paper introduces a practical toolkit for modeling stakeholder value and stakeholder risks. New methods, developed by the authors to model and analyze stakeholder value and risks, determine the novelty of the study. The paper provides the results of new methodology validation performed with the use of mathematical and econometric methods applied to open source data. Models of contributions and benefits of stakeholders are examined, levels of the “gap” between contributions and benefits by groups of stakeholders are outlined, the map of “stakeholder risks” is presented. The analysis of the results allows to make conclusions and provide recommendations on establishing balanced relationships with stakeholders and minimizing stakeholder risks in order to harmonize interests for sustainable business development.